COMPLIANCES OF THE PRIVATE LIMITED COMPANY

1- Unique and Meaning Full Name.
2- Suffix " PRIVATE LIMITED".
3- Minimum Directors and Share Holders.
4- Minimum Capital Requirement.

THE PRIVATE LIMITED COMPANY

It is very clearly defined under section 2(68) of the Companies Act, 2013.
A private company means a company having a minimum paid-up share capital and which restricts the right to transfer to its shares the only exception is that in the case of One Person Company, limits the number of its members to two hundred. Provided that where two or more persons hold one or more shares in a company jointly then they shall be treated as a single member. It is a kind of business model which is run by a group of individuals known as shareholders of the company. A private limited company is required to hold an annual general meeting every financial year. It shall appoint a statutory auditor. All the financial statements and board meeting reports are to be submitted by the company. They must file an income tax return every financial year.