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A: Some benefits of a private limited company include limited liability protection for owners, separate legal entity status, ease of raising funds through the issuance of shares, and better credibility and brand value in the market.
A: A private limited company has a limit on the number of shareholders it can have, and its shares cannot be publicly traded on stock exchanges. A public limited company, on the other hand, has no limit on the number of shareholders and can issue shares to the public through a stock exchange.
A: A private limited company must have at least two directors and can have a maximum of 15 directors.
A: Yes, a foreigner can be a director or shareholder in a private limited company in India.
A: A private limited company must have a minimum of two shareholders and can have a maximum of 200 shareholders.
A: There is no minimum capital requirement for a private limited company in India. It can be started with any amount of capital.
A: Yes, a private limited company can convert into a public limited company by following the necessary legal procedures and complying with the regulations.
A: No, a private limited company cannot issue shares to the public as its shares are not publicly traded on stock exchanges.
A: The annual compliance requirements for a private limited company include filing of annual returns and financial statements with the Registrar of Companies, conducting board meetings and general meetings, maintaining statutory registers, and complying with other legal and tax requirements.