What is a Private Limited Company?

A private limited company comes under one of the most highly recommended ways to create a business in India since it secures shareholders with limited liability and precise ownership limits.

Private Limited Company Registration becomes the first choice for any startup since it gives the easiest way to raise funds from investors.

Technically, the private limited company is a company that is privately owned and operated by small and medium enterprises. Business liability is limited to their shareholdings, the number of shareholders is limited to 200, and directors, and shareholders of the company can be the same person or different from each other.

It’s a type of company incorporation that give firms a legal personality independent from its owners, directors and shareholders. As a result, crucial services such as the capacity to contract in its name and the protection of the owner’s personal assets from company obligations are provided.

How do I Register an Online Private Limited Company Registration

You need to arrange at least two or more people who are eligible to act as directors and shareholders in the company.

Registering a Company is agile, easy, and can be done online with 3 simple steps:

Step 1: Consult our advisors who will guide you through document requirements for company incorporation.

Step 2: We assist you to choose the right company name based on availability.

Step 3: We prepare and file the ROC forms (DIR, MOA, AOA, COB, etc) and register your company under the Ministry of Corporate Affairs (MCA).

Why Choose Private Limited Company Registration?

Online company registration allows many benefits. The legitimacy of your business firm is enhanced by having a registered company. It helps your business in the following ways:

1. Company listing under MCA records
2.  Provides protection from personal liability as well as security against other losses & risks
3. Low tax rates as compared to sole proprietorship firm
4. Directors and Shareholders can be separated
5. Attracts more customers
6. Easily obtains bank loans and good investments from trustworthy investors
7. Provides liability insurance to safeguard your company’s assets.
8. Greater capital contribution diversity and stability
9. Enhances the ability to become large and expand

Eligibility for Online Company Registration

We must ensure that the qualifying requirements are met, as outlined by the Companies Act of 2013 before proceeding with private limited company registration.

# Minimum Two Directors

A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.

If you don’t have 2 directors then no worry, you can apply for one person company registration.

# Unique Company Name

Your company’s name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks

# Minimum Capital Contribution:

A business does not require any minimum capital. Even you can incorporate a company by Rs.1/- paid up capital. However, a company must be registered with minimum authorized capital of Rs. 1 Lakh.

# Registered Office

The Proposed Company must have an address at any location within the State where you want to do private limited company registration.

The registered office of a company does not have to be a commercial location. Even a rented house might serve as the registered office if the landlord provides a letter of authorization.

Benefits Of Private Limited Company Registration

1. There are several reasons to register your business as a private limited company:

2. Banks, venture capitalists, and investors prefer it.

3. Shares are easy to assign and redistribute to other directors/people who have put money into the company.

4. Combines the flexibility of a partnership with the benefits of a public limited company.

5. The company has the least risk of getting dissolved.

Documents required for Private Limited Company Registration

For company registrations, documents requirements are simple and handy. You must have the following documents under MCA:

# Documents Of The Company’s Director

1. Photo

2. PAN

3. Aadhar

4. Address Proof*

5. Proof of Identity**

# Proof Of The Company’s Registered Office Address

1. Latest electricity OR any other utility bill in the name of the owner

2. Rent agreement b/w owner & company promoter
OR

3. NOC from Owner (if owner is the company’s promoter)

*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).

**For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).