A Private Limited Company is a business that is consisted of shareholders and run by directors. Shareholders may act as director themselves or hire professionals for the purpose. A Private Limited Company is itself a person having its own identity separate from its shareholders. The most important benefit of a Private Limited Company is that its shareholders have limited liability. Company is responsible for its all profits and liabilities. Shareholders are responsible just to the extent of their own share. A Private Limited Company is registered with SECP (Securities & Exchange Commission of Pakistan).