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...Private limited company meaning as per provisions of section the companies act means a having minimum paid up share capital may be prescribed and which by its articles i restricts right to transfer shares ii except in case one person limits number members two hundred provided that where or more persons hold jointly they shall for purposes this clause treated single member is privately held small businesses liability amount respectively them cannot publicly traded characteristics main features no required there was requirement rs lakh previously but omitted now w e f vide amendment maximum can have just restricted if it transferability freely their public like why stock exchanges never list all must include words pvt ltd names privileges exemptions since do not involve interest law has granted several enjoy exemption from appointment independent directors adoption additional grounds vacation office etc index privilege over don t keep an whereas maintain disadvantages any exceed another ...