Private Limited Company
A Private Limited Company (Ltd) in India is a business structure defined under the Companies Act, 2013. The government body is MCA which is the Ministry of Corporate Affairs India.
A Private Limited Company (Ltd) in India is a business structure defined under the Companies Act, 2013. The government body is MCA which is the Ministry of Corporate Affairs India.
Before starting any company or recognizing it legally, the first step is to register the company. A Private Limited Company is a business type where shareholders' liability is limited to their shares, protecting their personal assets.
It operates as a separate legal entity, meaning it can own property and enter into contracts independently. It must have 2 to 200 shareholders, follow strict compliance rules like filing annual returns and conducting regular meetings, and be eligible for various tax benefits.
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Limited Liability: Shareholders' personal assets are safe. They only risk the money they put into the company.
Separate Legal Entity: The company is its own legal entity, separate from its owners. It can own property, make contracts, and handle legal issues on its own.
Increased Credibility: Being a registered company boosts its trustworthiness with banks, customers, and suppliers, making it easier to get contracts and loans.
Access to Capital: Private Limited Companies can get money by selling shares, which helps them raise funds for growth and expansion.
Perpetual Succession: The company continues to exist even if ownership changes, die or shareholders leave, ensuring business continuity.
Tax Benefits: Companies can get tax deductions and incentives under Indian tax laws, which help lower their overall tax bills.
No Capital Limit: Private companies can be started with no capital requirement limit.
Directors: At least two directors are required, and one must be an Indian citizen.
Shareholders: The company can have a maximum of 200 shareholders.
Capital: There is no minimum capital requirement for registering a Private Limited Company.
Company Name: Choose a unique name for the company that complies with the naming guidelines
ID Proofs: Provide identification proofs for the director, such as Aadhar card, PAN card, and passport.
Registered Office: Provide a valid address for the company's registered office, where all official communications will be sent.
1. Obtain Digital Signature Certificates (DSC)
2. Apply for Director Identification Number (DIN)
3. Choose and Reserve Company Name (Should be Unique)
4. Draft the MOA and AOA and also File Incorporation Documents
5. Pay the Registration Fees and Obtain Certificate of Incorporation
6. Open a Bank Account on the Company Name
DSN (Digital Signature Certificate) and DIN (Director Identification Number) for 2 directors.
Company Name Approval
AOA (Articles of Association) and MOA (Memorandum of Association)
Incorporation Certificate
PAN Number
TAN Number
Bank Account Opening Document Support (if required)
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A Private Limited Company is a type of business structure where the company is privately held and its shares are not available to the general public. It offers limited liability protection to its shareholders and is a separate legal entity from its owners.
You need at least two directors, one of whom must be an Indian citizen, and a maximum of 200 shareholders. There is no minimum capital requirement. The company must have a unique name and provide a valid registered office address.
The process includes obtaining a Digital Signature Certificate (DSC), applying for a Director Identification Number (DIN), selecting a unique company name, filing the incorporation application with the Registrar of Companies (ROC), and submitting required documents.
Essential documents include identity proofs (Aadhar, PAN, Passport) of the directors, proof of the registered office address, and the company's Memorandum of Association (MOA) and Articles of Association (AOA).
Benefits include limited liability for shareholders, separate legal status, enhanced credibility with banks and suppliers, ability to raise capital by issuing shares, and various tax benefits.
Yes, ownership in a Private Limited Company can be transferred through the sale or transfer of shares, subject to the company's Articles of Association and approval from existing shareholders.
No, it’s a fully online process!
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