May 18, 2022
Private Limited Company Registration is the most common and trustable type of company. A Private Limited Company Registration is the most popular form of structure for businesses. A Private Limited Company must have at least two active directors as to any given point of time—the maximum number of director fifty members in a typical private limited company. There can only be 20 directors in a Banking company. The unique feature of a private limited company is that its directors have limited liability to creditors. It comes in handy in a case of default, where banks/creditors can not touch the company's director, neither can they sell their assets. The creditors can only sell the company's assets. If you want to start a company in India, make sure you incorporate a Private Limited. It is essential to incorporate your company as a registered company with multiple advantages from easy to incorporate and dissolve.
The salient feature of a Private Limited company is that it can raise funding quickly. Startups and growing companies trust private limited company as they can watch the data over a public platform about directors, shares holding, paid-up capital and filing information all in one place. Private Limited company also limits the liabilities of its shareholders. ESOP, i.e. employee stock options to pull in top talent, is the new normal in Startups.
Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
No minimum capital requirement
Less legal formalities and compliances
Ideal for startup business
Separate legal entity which limits your liability
Option to convert into Public Company
Easy to registered, manage and close
At least two Directors and two members (both can be same)
Name of proposed Company
Authorized Capital and Ownership Ratio
At least one Director must be person resident in India
Object/purpose of forming a Private Limited Company
Id proof and address proof of Directors and members
(Aadhaar card or pan card or Passport or Voter Id card or DL or any other id and address proof)
Utility bill as address proof
(Electricity Bill or Telephone Bill or Water Bill or Mobile Bill or any other utility Bill)
Rent Agreement or No Objection Certificate
(If property is rented)
First of all, we will obtain a Digital Signature certificate for all of the Directors and Members.
The next step is to approve your name by filing the RUN Form.
In this step, we draft MOA, AOA and spice form to be file with Ministry of Corporate Affair after doing stamping and getting it signed from an authorized professional.
This is the final step where, we file all the required forms in electronic form with Ministry for its approval after considering all the factors, object and purpose of forming it.
After approval of Forms, ROC would issue a Certificate of Incorporation (COI), PAN No, TAN No, DIN and Details of your Company started showing on MCA Portal under the head Company master data.
After getting certificate from Ministry, there is a need for opening a current account with any bank, we also assist in opening a bank account for you.
Get a free consultation from our experts
Upload Documents Online, from anywhere anytime
Easy and secure online approval
Get you food license/certificate at your home
It is widely acceptable.
We do what we commit!
We take responsibility of our accountability!
Our values make us customer-centric!
A team with the best!