Most countries do not have a substantial minimum capital requirement for private limited companies. However, some jurisdictions may require a nominal minimum amount (e.g., $1,000 or equivalent) as part of the company’s registered capital. Check the local regulations to confirm.

Yes, in many countries, it is possible for a single person to form a private limited company. This is often referred to as a one-person company (OPC). The sole owner acts as both the director and the shareholder.

A private limited company must maintain regular records, hold annual general meetings (AGMs), file annual returns, and submit financial statements to the regulatory authorities. The company must also comply with tax filings, maintain statutory registers, and adhere to other local business regulations.

Yes, in a private limited company, shares are not freely transferable. The company’s Articles of Association usually impose restrictions on transferring shares to non-members or outsiders without approval from existing shareholders or directors.

To dissolve a private limited company, the shareholders and directors must pass a resolution to wind up the company’s affairs. Then, they must notify the relevant authorities and settle any outstanding liabilities. The company’s assets will be liquidated, and any remaining funds distributed to shareholders.