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Private Limited Company Registration

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Overview of Private Limited Company Registration

  • A private limited company is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits.
  • Private limited company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA).
  • A minimum of two directors and a maximum of 15 directors are allowed in a private limited company.
  • A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company.

Documents Needed

2991108

All Directors Aadhar card and Pan card

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Voter ID or Passport or Driving license of all Directors

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All Directors latest Passport size photo

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Latest company located rental or lease agreement and eb bill (For rental place), or Eb bill and property tax receipt (For own place)

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All Directors latest 1 month Bank Statement

Benefits of Private Limited Company registration

  • Easily Setup and recommend to Growing Start-up’s.
  • Easily raise funds from banks, financial institutions and investors.
  • Easy to go expand your business globally.
  • Shares of a company limited by shares are transferable by a shareholder to any other person.
  • A private limited company is considered to be a separate legal entity. It has its own identity and very much recognized as a separate company under the law.

Different types of Company Business Structures

Proprietorship Firm
Number of members/Shareholders
Only 1
Number of Directors/Partners
-
Act
No specified Act
Registration
MSME/Udyam, GST, FSSAI, Shop and Establishment Act License, Trade License
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Not Allowed
Incometax Filing Forms
ITR-3 or ITR-4
Compliance
Less
Partnership Firm
Number of members/Shareholders
2-50
Number of Directors/Partners
2-50
Act
Indian Partnership Act, 1932
Registration
Get the Notarized sign or registered in Sub-Registered office
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Less
Limited Liability Partnership (LLP)
Number of members/Shareholders
2-Unlimited
Number of Directors/Partners
2-Unlimited
Act
Limited Liability Partnership Act, 2008
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Moderate
One Person Company (OPC)
Number of members/Shareholders
Only 1
Number of Directors/Partners
Only 1
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
Moderate
Private Limited Company
Number of members/Shareholders
2-200
Number of Directors/Partners
2-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High
Public Limited Company
Number of members/Shareholders
7-unlimited
Number of Directors/Partners
3-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 5 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High

Frequently Asked Questions

01. Who can be member in private limited company?

Any individual can become the member of the private limited company including foreigners / NRI, however the individual must 18+ above in terms of age.

02. Is there any qualification to become a director or shareholder in a Private Limited Company?

No, anyone can become a director or a shareholder of the company and there is no specific qualification required for becoming the director of the company.

03. What if I have only one director for my Private limited company?

You can get someone from your family member or friend circle as the second director and give them marginal share (e.g, 0.01%). You also have the option to register a One person company, but later it will not be possible to add directors in OPC.

04. Is it possible to the same person become director of two different Private limited companies?

Yes, an individual can become director of two different Private Limited Companies.

05. How many days takes to register a private limited company in registrationshops?

It will take minimum 10 to 15 days to register a private limited company in registrationshops. and also it depends on documents submitted by the director / shareholder, the processing time required for filing forms, the time is taken by the concerned government authorities to may range from one to two weeks.

06. Shall I registered my company in a residential area?

Yes, it is possible to use a residential property as a registered office of your company.

07. Shall I change the registered office of a company after that registration?

Yes, you can change your company registered office any time after following the specified procedure.

08. Is it possible to anyone can buy a Private limited company?

Yes, it is also possible to buy a Private limited company in India.

09 Can a Private limited company carry multiple businesses?

Yes, a Private limited company can carry multiple businesses if it is mentioned in the company’s MoA and approved by a registrar. The company can mention more than one business operating within the same field or of the same nature. Activities which are unrelated, such as fashion designing and event management or construction, those cannot be registered under the same company.

10. Is it possible to add or remove director in private limited company?

Yes, it is also possible to add or remove director in private limited company. The changing must be passed in the Board Meeting as well as in the Annual General Meeting of the company. And, thereby, a resolution is to be passed by the company, in favour of the proposed changing. The concerned director (to be removed or appointed) should be informed about such a resolution, as quickly as could be possible.

*Amount maybe increase or decrease depends upon number of directors, particular state stamp duty fees, govt fees, gst invoice bills and yearly transaction amount.

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