Definition of Private Company
As per Section 2 (68) of Companies Act, 2013 “private company” means a business enterprise having a minimum paid-up share capital (of one lakh rupees or such higher paid-up proportion capital*) as can be prescribed, and which through its articles, —
(i) restricts the right to transfer its shares;
(ii) limits the number of its members to 200 except One Person Company
Read More :- Continuous Compliance Requirements for Private Limited Company