What are the major disadvantages for Private Limited Company?
Like every coin has two sides, there are disadvantages associated with Private Limited Company registration. Few of the disadvantages of private company registration are as follows:
- It increases your yearly compliance cost, as Audit of private Limited Company is mandatory even in caseof zero turnover.
- Doing business under Private Limited Company is not flexible, as there are too many regulations to comply with.
There is always a risk of high penalties in case you do not comply with the Companies Act, 2013.
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