Private Limited Company Registration

Simplest and a very popular form of Company Registration in India. Prices Starting from INR 6999/- only.

Private Limited Company in India is one of the popular forms of business entities. Approximately 90% of companies in India are registered under Private Limited Company. There are more than 150,000 companies that are being registered on a yearly basis. It is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013.

Private Limited Company Registration

All you need to know

A Private Limited Company offers limited liability and legal protection to its shareholders. A Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.

The liability of the members of a Private Limited Company (PLC) is limited to the number of shares held by them. A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. A PLC can be incorporated within 15 working days.

How to start / form / make a Private Limited Company?
Steps to be taken to get a new company incorporated:

  • Selection of a suitable name
  • Application to concerned ROC
  • MOA & AOA
  • Filing of the Forms & Documents
  • Registration of a Pvt Ltd Company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form calledSPICe+ (SPICe Plus)
  • . Hence, Incorporating a Private Limited Company is even easier now .

Documents required for Private Limited
1) PAN card for each Directors
2) ID Proof – Driving License/ Passport or Voter ID of each Directors
3) Address Proof – Latest Bank Statement OR Telephone/Mobile Bill of each Directors
4) Address Proof of The Company – EB CARD or GAS Bill
5) Passport Size photo of each Directors Directors.
6) email and mobile number of each Director

Benefits of Company Registration

Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:

  • Shield from personal liability and protects from other risks and losses
  • Attract more customers
  • Procure bank credits and good investment from reliable investors with ease
  • Offers liability protection to protect your company’s assets
  • Greater capital contribution and greater stability
  • Increases the potential to grow big and expand

This is a non-Governmental organization which is secretly held for small business. The liability of the individuals from a Private Limited Company is limited to how much share separately held by them. Shares of Private Limited Company can’t be publically exchanged.

Advantages of Private Limited Company

  • Limited risk to personal assets in Private Limited Company.
  • It is easy to fetch funding in a private limited company by transferring of shares.
  • For a private company, the earlier minimum number of the share capital was Rs. 1,00,000, but now there is no such minimum capital compulsion
  • The share of the pvt. Ltd company is transferable by a shareholder to any other person .
  • Foreign investor can invest their fund directy to the private limited company.
  • Registering your business as private limited company will help you to attracting the investor helps to competing the market of your industry.
  • Private limited company are not pressurized by the stock market and you don’t have to worry about shareholder.
  • The limited company can focus long-term earning without any hesitance.

Disadvantages

  • The maximum shareholder is 50, and the maximum member is 200.
  • The share of the private limited can’t be quoted in the stock exchange.
  • They can’t issue prospectus to public.