Private Limited Company is incorporated under the Companies Act, 2013 and governed by the Ministry of Corporate Affairs in India. It is a registered corporate structure that provides business a separate legal identity from its owners. It can be registered with minimum of two directors and subscribers/shareholders.
Certificate of Commencement of Business under Companies Act, 2013. A Public and Private Limited company having share capital cannot commence business until it has obtained the certificate of commencement of business (COB) from the concerned Registrar of Companies.
There must be a minimum of 2 shareholders and a maximum of 200. For directors, the minimum is 2 and the maximum is 15.For better understating about Private Limited company along with all its pros and cons contact us to guide you correctly.