In a Private Limited Company, shareholders are the owners of the company. They hold shares in the company and have the right to vote at shareholder meetings and to receive dividends if the company makes a profit.
In Pakistan, any individual or legal entity can be a shareholder in a Private Limited Company. This includes individuals, partnerships, trusts, and other companies. There is no requirement for shareholders to be citizens of Pakistan or to reside in the country.
It’s worth noting that a Private Limited Company must have at least two shareholders, and there is no maximum limit on the number of shareholders a company can have. Shareholders may be required to contribute capital to the company in the form of cash or other assets. The amount of capital each shareholder is required to contribute may be specified in the company’s articles of association. Shareholders in a Private Limited Company have certain rights and responsibilities, including the right to receive information about the company’s financial position and performance, the right to vote at shareholder meetings, and the right to receive dividends if the company makes a profit. They are also responsible for paying any required capital contributions and for complying with the terms of the company’s articles of association