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Private Limited Company

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Private Limited Company

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Private Limited Company

It is the most popular company which is used for doing business in India. Nowadays if you want to start your business with prominent legal entity then you must choose private limited company.

As per section 2(68) of the Companies Act 2013, “Private Company” means a company having a minimum paid up share capital as may be prescribed , and which by articles –

  • Restricts the rights to transfer its share
  • Prohibits any invitation to the public to subscribe for any securities of the company
  • Except in case of one person company, limits the numbers of its members to two hundred:
  • Provided that where two or more persons hold one or more shares in a company jointly, they shall for the purpose of this definition, be treated as a single member:

a)    Persons who are in the employment of the company
b)    Persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased.

Business men can use ‘Private limited ‘ word at the end of its company name.

 

Eligibility for Private limited Company
  • Minimum 2 members
  • Minimum capital as may be prescribed (i.e. 1 lakh)
  • DIN of all Directors
  • At least one Designated Director should be an Indian resident
  • Minimum 2 directors and Shareholders

Private Limited Company is the most preferred format of company registration by most of the entrepreneurs in India. Because of the flexibility in decision-making, easy access to the banks for loans and approach towards investors to raise funds without many restrictions made Private Limited Company a most successful business structure in India.

 

Documents required for Company registration
  • Copy of PAN card of Directors
  • Passport size photographs of Directors
  • Copy of Aadhaar card / Voter ID card/ passport/Driving License of Directors
  • Copy of rent agreement ( if property is rented)
  • Electricity Bill/ Water bill( Business Place)
  • Running bank account statement or mobile phone bill of the promoter directors showing the address of the premises.
  • Copy of Property Paper (if owned Property)
  • Land Lord NOC (Format will provided by us )

 

Steps for Company Registration
  • Application of DSC and DIN
  • Name approval
  • M.O.A and A.O.A submission
  • Get Incorporation Certificate
  • Apply For PAN, TAN and Bank Account

 

Package Details
  • 2 Digital Signature Certificate
  • 2 Director Identification Number
  • Company PAN card
  • Company TAN card
  • Name search and approval
  • M.O.A and A.O.A
  • ROC registration Fees
  • Professional Fees

 

  For Any other Query please contact our Registration Karwalo team

 

Private Limited Company
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