Private Limited Company
A private limited company is a privately held business entity. It is privately held by the shareholders and the maximum shareholders should not be more than 50. The liability arrangement in a private limited company is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them. Beyond the value of the shares, the shareholders cannot be held liable. Before the registration of a private limited company, its objectives are determined. The governing body for such a company is the Ministry of Corporate Affairs (MCA).