1. Mr. Gandalf is very much interested to form a company, mainly a private limited company along with his family members. But he is very confused as to what are the necessary steps that will need to be followed by him in order to form a company and register it without any complications and he also wants to know some of the features of a private limited company. He has been seeking some help and has thereby approached you to advise him on this matter with due diligence.

Question: Advise Mr. Gandalf on these matters.