PRIVATE LIMITED COMPANY

What is Private Limited Company?

Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A Private Limited Company can have a minimum of two members and a maximum of fifty members.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

Reasons to Register a Private Limited Company

• Separate Legal Entity
• Uninterrupted Existence
• Borrowing Capacity
• Easy Transferability
• Owning Property

Procedure for Registration

• Application of DSC & DPIN:
• Name approval
• MOA & AOA submission
• Get incorporation certificate
• Apply for PAN, TAN and Bank account

Documents Required:

• Copy of PAN Card of directors
• Passport size photograph of directors
• Copy of Aadhaar Card/ Voter identity card of directors
• Copy of Rent agreement (If rented property)
• Electricity/ Water bill (Business Place)
• Copy of Property papers(If owned property)
• Landlord NOC (Format will be provided)