Every Private Limited Company is required to cope up with the legal regulations that are imposed by the government to maintain proper data & functionality of companies in The Indian Economy.
Proprietor always hassle to take risk as the creditors has right to recover their money from his property Private Limited is a concrete form of business which gives the confidence to the directors of the company to take risk, as Companies Act 2013 contains a Limited Liability clause.
Registrar of Companies has officially revealed that there are 2,50,000 companies which are on the verge of getting snapped for undermining the beneficial provisions of the Companies Act,2013. # The Old Procedure: Get Over It!