Are you interested in registering your company as a Private Limited Company (Pvt Ltd)? Our team of experts is available to assist you with the formation and compliance needs of your company.
Private Limited Company is one of the widely used business structures for the formation of a company. It can be established by multiple private shareholders, with their liability limited to their shareholdings. Moreover, shares of private limited companies are not traded publicly.
If you’re looking to register a Private Limited company, our team is ready to assist you throughout the registration process.
A Private Limited Company must have a minimum of two directors and can have up to fifteen directors. The registration process mandates at least two shareholders/members. Individuals, corporate entities, and foreign nationals can serve as both directors and shareholders, making Private Limited Company formation the preferred option for foreign entrepreneurs entering the Indian market.
If you’re a sole business owner without any partners, consider registering as a One Person Company. It’s advisable to explore the available company structures before starting your business.
Once you receive the incorporation certificate, your business gains legal status and authorization to operate in India and internationally. This business structure offers strong protection for personal assets, shielding founders, directors, and shareholders from company debts and obligations. Private Limited Company formation is ideal for tech firms, consultancies, startups, and SMEs.
Procure digital signature of directors
Obtain DIN no of directors
Company name approval
Incorporation certificate
The company name is identified as (business name private limited).
Upon obtaining incorporation certificate, it acquires your business a proper legal company status and grants you the rights of undertaking business in India and globally. This type of business entity provides the best protection of personal assets as the founders, directors, and stockholders; they are not liable for the company’s debts and obligations. This private limited company formation is recommended for tech business, consultancy business, startups, small and medium enterprises.
To register a private limited company, several requirements must be met:
Reasons to Choose a Private Limited Company:
Documents Required for Private Limited Company Registration:
Documents Needed for the Registered Office:
If the shareholders and directors are different individuals, the following documents are needed for shareholders who are natural persons:
If the shareholder is a corporate entity, the required documents include:
If you are booking to register your Private Limited Company, hover to the right hand side to get started with the process.
In addition to the required paperwork, Private Limited Company registration mandates having at least two directors or shareholders and a registered office address.
There is no minimum capital requirement to start a Private Limited Company. Instead, the business owners have the flexibility to introduce the amount as per their convenience.
It is not mandatory to designate a Company Secretary (CS) in a Private Limited Company unless the company’s paid-up share capital reaches or exceeds Rs. 5 crore.
Foreign nationals, entities, or NRIs have the option to register for the Private Limited Company in India. However, for incorporation, it is necessary for at least one director to have resided in India for a minimum of 182 days during the previous financial year to serve on the board.
Any individual aged 18 or older is eligible to serve as a director of the company, without any restrictions on citizenship or nationality. Therefore, NRIs or foreign nationals can also hold directorship positions within the company. A minimum of two directors & two shareholders are needed to establish a Private Limited Company. However, it is mandatory that at least one director has to be the resident of India for a minimum of 182 days in the preceding financial year.
Yes, every Private Limited Company incorporated in India is mandated to maintain a registered office, which serves as the official address for receiving all communication from the ROC. The registered office has the flexibility to be situated anywhere within the country.
The funds contributed by shareholders to the company in exchange for shares of company stocks are referred to as Paid-up Capital. Paid-up Capital represents the portion of Authorized Share Capital for which shares have been issued to shareholders; therefore, it cannot exceed the Authorized Capital of the company.
For instance, if the Authorized Capital is Rs. 2,00,000, then the Paid-up Capital can be Rs. 2,00,000 or less.
Yes, it is possible to alter the name of your Private Limited Company prior to its registration by adhering to the procedure stipulated by the Ministry of Corporate Affairs (MCA).
Yes, one can convert his or her Private Limited Company to the Public Limited Company by fulfilling the requisite legal obligations.
In India, the tax rate for Private Limited Companies is 25% for those with an annual turnover of up to Rs. 400 crore, and 30% for those with an annual turnover exceeding Rs. 400 crore.