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Registeration of private company

CA Tushar Lakhanpal (CA) (416 Points)

17 July 2011

hey frndz..

i have a frnd who is trading with the name of abc PVT. LTD.

although he has not registered yet

he is doing this since dec2010

what r the remedies available ??

r there any fines or penalties for this?

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Ankit Patniya (Assistant Company Secretary) (124 Points)
Replied 22 July 2011

hi good question.

If the said private company (assuming non banking co.) has less than 20 members than its ok there is no need to be register as company, but if any dispute arise.your friend could not get remidy frm the co. act but from other applicabe mecantile law, as should read section 11 of companies act for better clearity.

Thanks for sharpning my knowledge.