- A minimum number of 2 members are required and a maximum number of 200 members.
- Have only two directors. However, I’ll advise to have 3 directors.
- The liability of each member or shareholder is limited.
- The company has perpetual succession
- It must have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.
- It has the word private limited after its name.
wazzeer Changed status to publish March 12, 2024
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