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Separate Legal Entity: A private company possesses its have distinctive legal id. It could personal home, have interaction in contracts, and initiate or protect legal steps less than its special identify.

Next incorporation, adhering to submit-registration company compliances is critical to streamline company operations and define the roles and duties of directors and shareholders.

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Constant Existence: The company's existence persists irrespective of shifts in shareholders or administrators. Its existence isn't contingent upon the lifespan of its associates.

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Least Variety of Administrators: A private limited company necessitates a minimum of two directors. Not less than one of such administrators need to be an Indian citizen.