A private corporation is one that is controlled by non-profit organizations or a small group of shareholders or members. Typically, a private firm does not offer or trade its shares on stock exchanges to the general public but instead owns and trades its private stock.

The Private Limited Company Registration Act of 2013 permits shareholders and members to form a variety of companies with differing degrees of liability. The promoters can pick between the three forms of Private Limited Companies described below, in addition to the organizations (LLP, Private Limited Company, and One Individual Company).

• Company Limited by Shares

• Company Limited by Guarantee

• Unlimited Companies