Private Limited Company Registration Online in India

A type of company that is owned and run by a group of people is a private limited company. Such entities are under the control of private stakeholders.

Unlike an LLP or a sole proprietorship, a Pvt. Ltd. company’s liability arrangement is less strict, protecting company assets from loss in the event of a financial crisis.

There is one exception to the rule that all partners in a Pvt. Ltd. company are liable for the company’s loss.

Such losses may be incurred by shareholders up to the number of shares they own. A member’s obligation to make up a business loss is therefore restricted to the number of shares they actually own.