Limited company to Private limited company

[Pradip Sirsat]

Dear All,

kindly provide any notification regarding name change from Limited Company to Private limited company.what is applicability for limited company and Private limited company,

Thanks in advace

Pradip Sirsat

AI Summary

Converting Limited to Private Limited Company: Tax Benefits, Reduced Compliance, and More Flexibility Explained A user inquired about the process and implications of changing a company's status from a limited company to a private limited company. The discussion revealed that such a conversion is often pursued for tax benefits, reduced compliance requirements, and greater operational flexibility. Participants highlighted advantages like exemption from certain taxes, easier management, and less government intervention. The conversation also noted that private companies enjoy more privileges and face fewer legal obligations compared to public limited companies. Specific reasons for a company's decision to convert can vary and should be confirmed with the company itself.