Registering a Private Limited Company – An Overview

Private Limited Company is an entity held privately with a minimum of two and a maximum of fifteen directors. To start a private limited company, all you need is a minimum of two members and a maximum of 200 members as defined in the Companies Act. 2013. A privately held company is allowed to have 50 shareholders, and its limit’s the liability of the owner to the shares and prohibits them from trading the share publicly.

Registering a Private Limited company comes with many benefits in terms of tax benefits, credibility, business expansion, to name a few. Our team of experienced professionals are proficient with the legal and compliance formalities required by the Ministry of Corporate Affairs to register a private limited company. By joining hands with us, you are guaranteed to get cost-effective and efficient company registration services.

Document Required for Registering a Private Limited Company in India

• PAN Card scanned copy (Mandatory)
• Scanned copy of:
• Passport
• Voters ID
• driving license
• Aadhar card (for ID Proof)
• Scanned copy (Not older than two months, preferably the latest one) (used for Address Proof):
• Latest bank statement
• Mobile or telephone bill
• Gas or electricity bill
• Ownership Deed or Rental Agreement (used for Office Address proof)
• Scanned copy of the approval, only when the suggested name of the company has any expression/s or word/s that mandate central government approval.
• If the company’s suggested name is based on a registered trademark or if the registration is pending under the Trade Marks Act, then attach a copy of the trademark registration certificate or trademark application copy.
• In the event that the director/ shareholder does not have Director Identification Number (DIN), then it is obligatory to have a scanned copy of proof of identity and address proof.
• Passport size photograph

• The latest No-objection certificate scanned copy from the property owner if the registered office is on leased or rented property.
• Latest bank statement/mobile or telephone bill/ gas or electricity bill scanned copy. (Not older than two months, preferably the latest one) (used for Address Proof)

Benefits of Registering a Private Limited Company to the Organisation

Limited Liability

During any financial crisis, when the private limited company is on the verge of closure, only the amount used to start the business will be lost, and the personal effects of the Directors will be safe.

Separate Legal Entity

In a private limited company, the assets and liabilities of the business are separate from the assets and liabilities of the company’s Directors. Therefore, the private limited company has a clear demarcation between the management and the ownership.

International Expansion

The private limited company permits FDI up to 100% via the automatic route, i.e., it does not need any government approval if a foreign company wishes to invest.

Transferability of Shares

Transferring the shares of a private limited company to another shareholder is relatively easy compared to other company structures.

Credibility

Information about the financials, structure and operations of the private limited company made available to the Registrar of Companies ends up in the public domain.

Accessibility to Funding

A Private limited company is the only structure with access to funding from Venture capitalists or Angel investors.

Efficient Management

A Private limited company is supervised by the Companies Act 2013 and has to adhere to the strict rules, procedures, and norms and comply with all the legal requirements, making this entity one of the most efficient.

Timelines for Registering the Company

If all the required documents are in place, the whole process of registering the company will be done within 15 days. The registration process is mainly done online; thereby, the business owners need not be physically present at the time of registration. Our professional team will help the business owner in every step of the way of registration. Our team will help in the following steps for registering the private limited company.

Our firm is a cost-effective and efficient one when it comes to registering a private limited company.

Come and start your entrepreneur journey with us