A private limited company is a privately-held business entity. It is held by private stakeholders. The liability arrangement in these is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them.
source https://www.caclubindia.com/articles/private-limited-company-45705.asp
source https://www.caclubindia.com/articles/private-limited-company-45705.asp
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