A company is a legal unit made up of people who operate a business enterprise. Let’s understand, who is a director in a company? A company is like a family where each member is allotted certain duties so that the family can thrive and prosper. Elders take decisions in the best interest of the family; […]
A private company is a type of company that offers limited liability or legal protection for its shareholders. It also places certain restrictions on its ownership. For the conversion of a one-person company to a private limited company, a minimum of two directors and two members are required. The One Person Company to Pvt Ltd […]
The directors control the company’s affairs and act as its agent. A company is a legal person; hence the directors are not personally liable for acting on behalf of it. They have a fiduciary relationship with the company and its shareholders. However, if a director acts beyond his power, he can be held personally liable. […]
A private limited company is a separate legal entity. The director acts on behalf of it and fulfils the managerial duties. Along with that, he takes decisions for the company and keeps it compliant. The Board of Directors represents the company. Read More :- Types of Directors in a Private Limited Company
A Private Limited Company is a business entity held by small group of people. It is registered for pre-defined objects and owned by a group of members called shareholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure. Read More :- What is a Private Limited Company?
Sufficient money is the key to achieve sustainable growth in a business. Lack of funding to suffice the operational requirements is one of prime reason of business failure majorly in initial years. Promoters of Private Limited Company finds limited sources to infuse funds for the projects and operations of company. Where a Public Limited Company […]
Among numerous types of Companies in India classified in the Act, Private Limited incorporation is favoured to start a business by holding strong control over its Business. Private Ltd registration is preferred by the promoters when medium scale operations are to be covered under proposed Business without any interference of the outsider’s i.e. public at […]
