It is a type of business entity governed by The Companies Act, 2013, it is a privately held company and does not offer its shares to the general public. This type of business entity has various benefits like limited liability protection, a separate legal entity, perpetual existence and greater control and privacy compared to public companies. Private Companies are registered under The Companies Act, 2013 and have to comply with legal frameworks. Business Entities or Families looking to manage their business in a formal structure and grow their business while maintaining control and protecting personal assets can incorporate a private company.
Key attributes
Category
Business Services
Place of origin
Mumbai, MH, India
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