Types of PVT LTD Company ?
Three types of a private limited company can be registered. They are differentiated on the basis of a level of liability of the members. Following are types of a private limited company . 1. Private company limited by shares In such a company, the liability of the shareholders is limited to the extent of the members share in the company or the unpaid amount of share. The liability is limited to the paid-up or unpaid share capital of the member. A member is not liable to pay more than his investment in the company. If you want to apply for Private Limited Company , you can go with PVT Limited Company . 2. Private company limited by guarantee In such a company, a member gives a guarantee to be held liable. The liability of such a member is limited to the extent of his guarantee. He cannot be held liable for more than his guarantee to the company. The guarantee given by a member can only be called at the time of winding up of the company. 3. Unlimited c...