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PVT Company Information

Pvt Ltd [Private Limited Company]

 

  • Mainly meant for medium to large businesses
  • Minimum of 2 (two) people can register
  • Has a legal persona of its own apart from its owners
  • Has perpetual succession
  • Can have a maximum of 50 directors
  • Shareholders are owners and can be different from the directors
  • companies , individuals , organizations can be shareholders in a Pvt Ltd
  • Comprised of directors and shareholders
  • Has a certificate of incorporation, memorandum and articles of association, CR6 and CR14
  • Registered articles of association

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PBC Company Information

PBC [Private Business Corporation]

 

  • For small to medium businesses
  • Minimum of One person can register
  • Has a legal persona of its own apart from its owners
  • Has perpetual succession
  • Can have a maximum of 20 members/owners
  • Members are the same as shareholders/owners/directors
  • Companies cannot be shareholders or hold a member’s interest in a PBC, only individuals can be members
  • Comprised of members
  • Has an incorporation statement
  • Articles of association are not required