Private Limited Company

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 directors and two shareholders are required.

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in an Indian Private Limited Company. However, at least one Director on the Board of Directors must be a Resident India.

Private Limited Company, the most popular legal structure for businesses, should be chosen by anyone looking to build a scalable business. Indian start-ups and growing companies pick it because it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to attract top talent. Private Limited Companies are closely held companies where minimum number of members is two and maximum number is Two hundred.

A Private Limited Company has the Limited Liability of members, greater Stability and Separate legal entity & has all the advantages of partnership namely flexibility, greater capital combination etc.

Documents Required For Private Limited Company

1.     Photo, E-mail Id, Phone Number and share ratio of Each Director’s

2.     Voter Id / DL / Passport / Aadhar Card of Each Director’s

3.     PAN Card Copy of Each Director’s

4.     Mobile Bill / Telephone Bill / Electricity Bill / Gas Connection of Registered Office in any name

5.     Proposed Company Name and Description

6.     Mobile Bill / Telephone Bill / Electricity Bill / Bank Statement of Director’s

Complete all Process within 12-15 days