Private Limited Company (PTC) (PTC)

◈Definition

A Private Limited Company (identified by 'PTC' in the CIN ownership segment) is the default legal form for Indian companies. It requires a minimum of 2 directors and 2 shareholders, allows a maximum of 200 members, restricts share transfers by the Articles of Association, and cannot invite the public to subscribe to its shares. It is the most common form for startups, SMEs, and family-owned businesses, and the form with the lightest governance burden under the Companies Act.

◉See also

• Public Limited Company (PLC)(PLC)

  A company permitted to offer shares to the public, subject to stricter governance under the Companies Act.

• One Person Company (OPC)(OPC)

  A company form that allows a single individual to incorporate a limited-liability entity.

• Section 8 Company

  A non-profit company formed under Section 8 of the Companies Act for charitable or social purposes.

⬢Related guide

• Types of Indian Companies — Private, Public, OPC, Section 8 and More

  Private limited is the default, but Indian companies come in many legal forms. Here's a practical guide to the ones you'll encounter on MCA.