Private Limited Company
Private Limited Company Registration
Private Limited Company, the most popular legal structure for businesses, should be chosen by anyone looking to build a scalable business. It is one of the most popular legal structure option for businesses in India. A Private limited company has a minimum of two members and a maximum of fifty members. A director of a private limited company has limited liability to creditors. In case of a default, banks / creditors can sell only company’s assets but not the personal assets of a directors. A Private limited company is considered one of the most popular corporate entity amongst the small, medium and the large businesses in India due to its various advantages. Start-ups and growing businesses choose to register a company in India 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. As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC). To incorporate a private limited company, a minimum of two shareholders are required. A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. The shareholders could be natural persons or companies, including foreign companies. Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.
Advantages Of Private Limited Company
Private Limited Company Registration Packages
Documents Required For Private Limited Company Registration
One Passport size photograph of All Directors.
Self-Attested PAN card copy of All the Directors.
Self- Attested Proof of Identity (Like-Voter ID, Passport, Driving License, Aadhar Card) any one of All the Directors.
If Rented Business (Rent Agreement Copy) or if own (sell deed)
Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
Company Name (1 to 5 Names)
Company Service or object or product Name