Under section 2(68) of Companies Act, 2013 company that Private companies AOA (Article of Association) restricted the transferability of shares and prevent the public at large from subscribing to them. Required Minimum 1 Lac Paid up capital for incorporation of private limited company. In Private Company two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member.
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