A Private Limited Company is often referred to as a business entity, which is recognized and governed under the Companies Act of 2013, defined by the Ministry of Corporate Affairs (MCA). The setting up of a Private Limited Company has been preferentially recommended for individuals to start a structured business in India.
The business entity is registered among the members with predefined objects to run a business successfully. The members who are part of the Private Limited Company are often called as Shareholders.
The Private Limited Company holds good for members who aim for business that gives higher growth and revenues. The shareholders are the real-owners of the company and the entire ownership by them for having a Private Limited Company is defined by the share capital that they enjoy.