What is Private Limited Company Registration ?

Section 2 (68) of The Companies Act, 2013 defines a private limited company as a separate legal entity that is held privately and provides limited liability. It does not freely transfer its shares to the public like any other public companies.

In India, a private limited company is a privately held entity with limited liability, and it ranks among the nation's most favored business structures. A private limited company enjoys legal separation from its owners and necessitates a minimum of two members and two directors for its operation.

Benefits

  • Limited Liability : Shareholders personal assets are protected; they are only liable for the amount they invested.
  • Separate Legal Entity : The Company is distinct from its owners, allowing it to own property, sue or be sued.
  • Perpetual Succession : The Company continues to exist even if the owners or directors change.
  • Ease of Raising Capital : Private limited companies can attract funding from venture capitalists and private equity investors.
  • Credibility : Being registered with the MCA adds credibility and trustworthiness to the business.

Process

01

Digital Signature Certificate (DSC)

Obtain DSC for all directors to sign electronic documents.

02

Director Identification Number (DIN)

Apply for DIN for proposed directors who do not already have one.

03

Name Approval

Submit name approval application through the RUN service on the MCA portal.

04

Incorporation Application

File the incorporation application using SPICe+ form along with MOA, AOA, and other required documents.

05

Verification and Approval:

MCA verifies the application and documents. If everything is in order, the Certificate of Incorporation is issued.

06

Post-Incorporation Compliance:

Obtain PAN and TAN, open a bank account, and register for GST if necessary.

Documents Required

Director Identification Number (DIN)

  • Photographs
  • Identity Proof : PAN card (mandatory for Indian nationals)
  • Address Proof : Passport, voter ID, driving license, or Aadhar card

Digital Signature Certificate (DSC)

Memorandum of Association (MOA)

Articles of Association (AOA)

Proof of Registered Office Address

  • Utility bill (electricity, water, gas, or telephone) not older than 2 months
  • Rental agreement, if applicable
  • NOC from the owner of the premises

    • Identity and Address Proof of Subscribers and Directors

Our Support?

  • Guiding you through obtaining DSC and DIN.
  • Assisting in name approval and ensuring compliance with MCA regulations.
  • Preparing and filing the incorporation application along with MOA and AOA.
  • Facilitating the verification process and ensuring timely issuance of the Certificate of Incorporation.
  • Helping with post-incorporation compliance, such as obtaining PAN and TAN, opening bank accounts, and GST registration if necessary.

Frequently Asked Questions

A minimum of two directors are required to form a Private Limited Company in India.

There is no minimum capital requirement to start a Private Limited Company. The Companies Act, 2013 has removed the minimum paid-up capital requirement for companies.

The registration process typically takes 10-15 working days, subject to the timely submission of all required documents and approvals from the MCA.

Yes, a foreign national can be a director in an Indian Private Limited Company, provided they obtain a DIN and meet other regulatory requirements.