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Private Limited Company
PRIVATE LIMITED COMPANY
A Private Limited Company is a business entity which is registered for pre-defined objects and owned by a group of members called shareholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure.
Private Limited Company is the simplest and a very popular form of Business Registration in India. It can be registered with a minimum of two people. Limited liability protection to shareholders, ability to raise equity funds, separate legal entity status make it the most recommended type of business entity for millions of small and medium-sized businesses that are family owned or professionally managed.
The business entity gets recognized as a Company through its registration under Companies Act of 2013 in India. The governing body is Ministry of Corporate Affairs, widely known as MCA.
Highlights
- A minimum number of two Directors.
- Shares of Private Limited Company cannot be publically traded.
- The shareholders are the real owners of the company.
- A Private Limited Company has a separate legal identity
- If the company undergoes financial distress because of whatsoever reasons, the personal assets of members will not be used to pay the debts of the Company as the liability of the person is limited.
- Shares of a company limited by shares are transferable by a shareholder to any other person.
- A Private Limited Company has ‘Perpetual Succession’, that is continued or uninterrupted existence until it is legally dissolved.
Documents Required:
- Pan of All Directors
- Aadhar of all directors
- Photo of all directors
- Mobile No. & E-mail id of all directors
- Bank Statement of all Directors (Not older than 2 Months)
- Electricity Bill/Utility Bill/Gas Bill/Postpaid Mobile Bill of registered office (Not older than 2 Months)
- A copy of the rent agreement (if premises is rented).
Company Registration package includes:
- Incorporation Certificate
- MOA of Company
- AOA of Company
- Pan of Company
- Tan of Company
- Registration of ESI/PF
- DIN of Two Directors
- DSC of Two Directors
- DSC of Two Directors
Time duration
It can take up to 7-10 working days to incorporate a private limited company.
Cost involved
Get your Private limited incorporation on 7499/- Only
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