Private Ltd Company

What is PVT LTD Company

A private company, defined under Section 2(68) of the Companies Act 2013, comprises the following characteristics

Restricts the right to transfer its shares
Has a minimum 2 and maximum 200 members (except in case of One Person Company)
Prohibits any invitation to the public to subscribe to its shares or debentures
Limited liability to the owners

This form of business is popular among small to medium-sized enterprises due to its advantages such as limited liability, separate legal entity, perpetual succession, and ease of incorporation.

Overview of the Company Registration Process in India

Eligibility :

Minimum of 2 shareholders and maximum of 200 shareholders
Minimum of 2 Directors and maximum of 15 Directors
A Registered Address
Unique Name
Adequate Capital (as defined in MoA & AoA)

Stepwise Process of Company Incorporation

Obtain Digital Signature Certificate (DSC)
Obtain Director Identification Number (DIN)
Choose New & Unique Name
Drafting of Memorandum and Articles of Association
Filing of Incorporation Documents
Payment of Fees
Certificate of Incorporation
Apply for PAN and TAN

Documents Required to Register Company in India

Passport size colour photo
PAN Card (Mandatory for Indian Nationals)
Identity Proof of Directors and Shareholder
Proof of Residence of Directors and Shareholder
Proof of Nationality & Identity (for Foreign Nationals)
Proof of Registered Office Address (Property Tax receipt, rent agreement along with NOC from the landlord)