Private limited company is typically a small business establishment or entity that is owned privately. Since these private companies are owned by a stipulated number of investors are known to be ‘Limited Companies’. While private companies may be large or small, they are generally small businesses that are often owned by a closed group consisting of family, friends or angel investors. Some of the biggest private limited companies include Facebook, Reliance, Infosys, TCS, Wipro and many more.
In India, large numbers of companies are registered as private limited companies and are defined by the Companies Act, 2013 under the Ministry of Corporate Affairs and the Companies Incorporation Rules, 2014. The private limited company registration process is a popular administrative procedure, since it offers a variety of benefits for startups and young businesses in the form of easy fund-raising and limited liabilities for shareholders.