Private Limited Company in India is the most popular business structure because of solidity and growth opportunities served by this corporate structure. It is a business enterprise registered for defined business objects owned by a close group of members not more than 200 at a time. The shareholders of the company stated to be the owners, whereas the personnel managing day-to-day operations are referred to as as directors. A Private Limited Company (PLC) has its separate legal existence apart from its shareholders and directors. Therefore, the personal assets of the owners are secured and treated separately from the assets and liabilities of the company. Owing to the separate existence of company, any change in shareholders or control in management does not affect the survival of the company.