Private Limited Company

A particular sort of business structure that is registered as a different legal entity from its owners is a private limited company. It can raise money by issuing shares, has a distinct legal character, and limits on shareholder liability.

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Private Limited Company Registration

Private limited company registration is the best option if you want to start a business in India. It is the most convenient way to do so. The procedure of registering a private limited company in India is quick, simple, and requires fewer requirements than other countries. Online company registration is preferred by every new or emerging firm since it provides a number of advantages, including legal certification, simple fund raising, limiting the liability of its owners, and much more. The 2013 Company Act and the 2014 Companies Incorporation Rules govern the registration of private limited companies. Register your company online with LegalPillers, who will also help you register your PVT LTD in India.

Benefit of Private Limited Company Registration

Incorporating your company as a private limited company has many benefits, including:

It is preferred by investors, banks, and venture capitalists.

It is simple to assign and transfer shares to other directors and investors.

Offers the advantages of both a public limited company and a partnership in one package.

Eligibility Criteria for Private Limited Company Registration

The process of forming a PVT LTD company is simple and fast. Nevertheless, one must abide by the eligibility requirements. In order to understand them well, let's look into Private Limited Registration.

  • Over the age of 18, anyone may submit an application for company registration.
  • When forming a Pvt. Ltd. company in India, at least 2 shareholders are needed.
  • To register a private limited company online, there must be two directors.
  • Registration of a private limited company in India carries no minimum capital requirement.

Process of Private Limited Company Registration

  • Days 1 - 2 Your information and papers are reviewed by experts Request a digital signature licence
  • Days 3 - 6 On the MCA and IP India portals, search for names Request a Reservation for the Company Name Drafting of MoA and AoA
  • Days 7 - 9 Filling out the Certificate of Incorporation (COI) form Application for DIN Allocation Applying PAN and TAN return.
  • Day 10 - 12 the MCA has not yet approved

Documents Required for Private Limited Company Registration

Documentation requirements are straightforward and practical for company registrations.

Director's Documents for the Company

  • PAN Card
  • Photo
  • Aadhar Card
  • Address Verification*
  • Bank account details

# Documents That Attest To The Company's Registered Office Address The owner's most recent power OR other utility bill Rent contract between the owner and the firm promoter OR The owner's NOC, if the owner is also the company's promoter. Bank statements, electric bill, phone bill, and mobile bill are acceptable forms of address proof. (Anyone younger than two months. For Identity Proof: Driver's licence, voter identification card, passport (Anyone).

Documents Required for Start Company

  • PAN Card
  • Aadhar Card
  • Bank account details
  • Bank statements/ passbook

Frequently Asked Questions

No, the procedure of forming a company in India is entirely online. You do not need to be physically there at all because you can complete all documents electronically. All the necessary forms and documentation must be digitised and sent to us.

Yes, regardless of its revenue, a private limited firm is required to employ an auditor. In fact, within 30 days of formation, an auditor must be engaged. Given that penalties for non-compliance can reach millions of rupees and possibly result in the blacklisting of directors, compliance is crucial for a private limited business.

The Ministry of Corporate Affairs makes available the company's registration certificate online.
 

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