Private Limited Registration in India

A private limited company is the most trending entity in the new era because of its brilliant advantages of limited liability, separate legal entity, fundraising power, etc. A private limited company is registered under the company Act, 2013.Such companies must have the word “Private Limited” at the end of their name. It can be started with at least 2 persons, who shall be the member as well as directors of the company.

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OVERVIEW

Register a Pvt Ltd Company

A private limited company is the most trending entity in the new era because of its brilliant advantages of limited liability, separate legal entity, fundraising power, etc.
A private limited company is registered under the company Act, 2013. Such companies must have the word “Private Limited” at the end of their name. It can be started with at least 2 persons, who shall be the member as well as directors of the company. The Private Limited Company can raise funds easily from the market by issuing its shares privately to its members. The number of members can be up to 200.
The private limited company can be started with less capital as we are required in need of our business model. A private limited company can be sued and be sued by outsiders in its own name if any disputes arise. The directors of the company work in their trustworthy relation with the company. The private limited company is solely the owner of itself.

Registration of Company is Simple with Vakilkaro

Registration of Private Limited Company can be easily done with VAKILKARO with legal expertise. It is totally online process, which started with two (2) Natural persons. The Ministry of Corporate Affairs (MCA) has given the power to the Registrar of Companies (ROC) to issue the License of Private Limited Company, which takes 7 days estimated. VAKILKARO has the legal expertise in Registration, Legal Compliance, PAN card &TAN card of the company, ESI & EPF of Private Limited Company as well as like OPC.

BENEFITS

Advantages of Private Limited Company Registration

Private Limited company is the sole owner of itself. It can be sued by its own name. It has a separate legal entity in the eyes of law.

Private Limited company can raise funds easily by issuing its shares privately to its members.

A private limited can be registered itself under startup India and can avail more government benefits and may attract investors in its business idea

Private Limited Company can easily be started with 2 two persons and it takes less than 7 days to get all the documents with PAN, TAN, GST, etc. under the new scheme.

REQUIRED DOCUMENTS

Documents required to register a Private Limited Company

PAN Card

PAN CARD of 2 persons is mandatorily required and in case of the foreign national valid passport also requires.

Proof of Identity

Any proof of identity like Adhaar Card/ voter id card/driving license of all 2 persons is mandatory required

Company Name

The client has to be provided at least two Company names to apply for name approval.

Photo/Mobile Numbers/ Email IDs/ Bank Statements

All the 2 persons must have their photos, mobile numbers, valid emails, and latest bank statements (must not be older than 2 months).

Office Address Proof

The client has to provide Office Address proof like Rent Agreement/Property papers with the latest electricity bill.

*In case of NRI or Foreign National, documents of director (s) must be notarized.

process

The process to Register a Company in India

Name Approval 1-2 Days

  • The client has to provide at least two names out of which one name will be approved by MCA

Digital Signature:(1-2 days)

  • The second process is to apply and approve the digital signature of all 2 members in the Private Limited company.

Application filling and approval for certification: (2-3 days)

  • Our experts will file the complete document with drafted copies of the MOA and AOA of the company. If there is no objection the certificate of incorporation will be issued by the MCA.

Congratulation!

  • work is done
COMPARE RELATED SERVICES

Compare different business structures to choose the right entity type

  • Registration Required
  • Number of members
  • Legal Entity
  • Liability Protection
  • Statutory Audit
  • Ownership Transferability
  • Uninterrupted Existence
  • Foreign Participation
  • Tax Rates
  • Statutory Compliances
  • Private Limited Company
  • 2 – 200
  • Yes
  • Limited Liability
  • Mandatory
  • Yes
  • Yes
  • Allowed
  • Moderate
  • High
  • get started
  • OPC
  • Only 1 Member
  • Yes
  • Limited Liability
  • Mandatory
  • No
  • Yes
  • Not Allowed
  • Moderate
  • Moderate
  • get started
  • LLP
  • 2 – Unlimited
  • Yes
  • Limited Liability
  • Dependent
  • Yes
  • Yes
  • Allowed
  • High
  • Moderate
  • get started
  • Partnership Firm
  • 2 – 50
  • No
  • Unlimited
  • Not mandatory
  • No
  • No
  • Not Allowed
  • High
  • Low
  • get started
  • Proprietorship Firm
  • Only One
  • No
  • Unlimited
  • Not mandatory
  • No
  • No
  • Not Allowed
  • Low
  • Low
  • get started
FREQUENTLY ASKED QUESTIONS

Explore Private Limited Registration in India

1. What is the count of Shareholders limit to incorporate a Private Limited Company?

The private limited company can be started with at least 2 members, who can become the directors of company as well.

2. How long is the company valid for?

The Company’s life is unlimited. it can-not die until it ended by the law. There is no renewal requirement of private limited company.

3. Can Government servant start private limited company?

No, a government servant cannot run a private limited company on the post of director although he/she can become a member/shareholder.

4. What is authorized capital is required for new private limited company?

As per the latest amendments in company law, there is no requirements of capital (earlier it was Rs. 1 lac) , now a company can be started with Rs. 10,000 or as per business needs.

5. What is digital signature?

The digital signature is a digital identity of signatures of person who desirous to register a company. Need of digital signatures is compulsory for registration of company while submitting documents online to MCA.

6. Can a proprietorship firm be converted into private limited company?

Yes, A proprietorship firm easily convert into private limited company by the legal provisions.