A private company is a kind of business entity owned and run privately, incorporated in India under the Companies Act, 2013. It is legally identified as a separate entity from its owners, which allows it to own property, contract debts, and do business in its name. A private corporation is usually formed by a limited number of people—usually family members, friends, or business partne... https://www.kanakkupillai.com/closure-of-private-limited-company