A private limited company is a company established by an individual or a group of individuals under private ownership. The company is established according to the provisions of Companies Act, 2013. Section 2(68) of the Act defines private companies. According to it, a private limited company is a company that restricts the transfer of shares and restricts the public from subscribing to them.
Before starting the business activities of a private limited company, it is compulsory to get Private Limited Company Registration by following the steps involved in the registration process and submitting necessary documents required by the authority.