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Which statements are correct about Private Limited Company ?

  1. It is governed by the Companies Act 2003
  2. It has a separate legal entity and limited liability.
  3. Its documentation requirements are the lowest among all forms.

    ANone of these

    Bi only

    CAll

    Dii only

    Answer:

    D. ii only

    Read Explanation:

    • Private Limited Company is governed by the Companies Act 2013 and has separate legal entity plus limited liability.

    • It actually has highest documentation requirements.


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