When we talk about the company, there are only two categories that come to the mind – a public limited company and a private limited company. Talking about the private company, the definition of the same is covered under section 2(68) of the Companies Act. Briefly, the private company means a company which by its articles restricts any invitation to the public to subscribe for any securities of the company for the purpose of funding.
Read More :- Funding in a Private Limited Company: Sources & Mandates
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