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Private Limited Company
A Private Limited Company is a type of business entity that is privately held and owned by a group of individuals or entities. In India, Private Limited Companies are governed by the Companies Act, 2013 and are regulated by the Ministry of Corporate Affairs.
Registering a company is the first step to start a business in India. If you are a startup and have high growth aspirations, then you should incorporate a Private Limited Company. Private Limited allows outside funding to be raised easily, limits the liabilities of its shareholders and enables Founders to offer employee stock options to attractgood talent.
Pvt Ltd company is incorporated under the Companies Act of 2013 and governed by the Ministry of Corporate Affairs (MCA). Private Limited Company can have a minimum of two members and a maximum of two hundred members. The directors of a private limited company have limited liability to creditors. In a case of default, banks / creditors can only sell company's assets but not personal assets of directors.
Benefits of Registering a Private Limited Company
- Separate Legal Existence
- Management and Ownership Separation
- Limited Liability of Shareholders
- Easy Fund Raising
- Transferability of Shares
- Improves Credibility and Trust and attracts good talent
Requirements for Registering a Private Limited Company
- Minimum Two Directors: A Private Limited Company must have at least two directors. However, maximum 200 people can become shareholders in the private limited company.
- One Resident Director: Among two directors, at least one director must be a resident Indian for Private Limited Company Registration. Resident Indian means a person who has spent at least 182 days or more in a financial year in India.
- No Minimum Capital: There is no minimum capital required for Private Limited Company Registration. However, a Private Limited Company should have minimum authorized share capital of Rs. 1 lakh.
- Unique Name: The suggested name of the private limited company should be unique and should not be similar to any already existing company name or trademark.
Detailed Registration Process
- Application for DSC (Digital Signature Certificate)
- Apply for DIN (Director Identification Number)
- Application filing for Nameavailability
- Drafting and Filing of eMoa and eAoA
- Apply for PAN and TAN of the company
- Certificate of Incorporation issued by RoCalong with PAN and TAN
- Open a Current Bank account on the company name
Deliverables
- DSC & DIN for 2 Directors
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- Company PAN Card
- Company TAN Number
- Bank Account Opening Document Support
Documents Required for Private Limited Company Registration
Identity & Address Proof of Directors
- Copy of Pan Card of Directors (mandatory)
- Voter Id card or Driving License or Passport
- Any one of: Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months)
- Passport Size Photograph of Directors
Proof of Registered Office (any one)
- Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)
- Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)
- NOC from Landlord
How it works?
Name approval (RUN)
We apply for your company name reservation through the MCA RUN portal.
Document preparation
Our team prepares MOA, AOA, and all incorporation documents with DSC and DIN for directors.
MCA filing
We file SPICe+ form with MCA along with PAN, TAN, GST, and bank account opening assistance.
Incorporation certificate
Receive your Certificate of Incorporation with CIN, PAN, and TAN — your company is now registered.
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Krishnamoorthy B
Chennai, Tamil Nadu
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Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
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Prakesh Ranjan
Patna, Bihar
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Lucknow, Uttar Pradesh
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Frequently asked questions
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
Yes, foreign nationals can incorporate a company provided he is having a digital signature for filing incorporation documents and annual compliances of a company.
Digital Signature Certificate is provided in the form of a token issued by Certified Authorities. Any form filed for online company registration in India shall be submitted after affixing the DSC of an Applicant. Also, the directors will require DSC for DIN application and the subscribers to MOA shall possess DSC for submitting e-forms for incorporation.
As per Companies Act, it is mandatory for all the directors of the company to obtain DSC to verify the authenticity of all the documents filled.
Authorised capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares.
Yes, one can register a private limited company on their home address in India. You will require to submit a copy of the utility bill the same address alongwith the NOC from the landlord for Private Limited Company Registration.
During every financial year, the company must hold one Annual General Meeting (AGM) and at least 4 board meetings (one in each quarter). Further, the accounts and financial statements must be audited by an independent auditor.
Daily transactions of the business are recorded in the Books of Accounts of the Company by the Accountant. The Accounts recorded are verified by an Independent Auditor to make sure that no statutory compliance is missed and provide an Audit Report for the same.