Ask 4 Compliance | Private Limited Company
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PRIVATE LIMITED COMPANY

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PRIVATE LIMITED COMPANY REGISTRATION

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

Our team of highly qualified professionals at Ask4compliance.com can help you to establish a more organised Private Limited Company to start your business as a corporate entity.

Process & Timeline

5-7 days

Professional Fees

Rs. 6500

(GST, Government Fees and other Out of Pocket Expenses Extra)

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ADVANTAGES OF PRIVATE LIMITED COMPANY

  • Limited Liability Protection: If Shareholders/Members holds fully-paid shares of the company, they have no further liability to pay any amount even if the company is declared insolvent. It has the words ‘Private limited’ as part of its name.
  • Never Ending Characteristic: Directors or shareholders may come and go in the company, but a company never dies with the outgoing of shareholders or Directors. A company can, only be closed with the consent of shareholders or by the process given in Law.
  • No Criteria of Minimum Paid Up Capital: There is no requirement of minimum capital to start a Private Limited Company.
  • Separate Entity: A company being a legal person is distinct from its directors and shareholders. Member cannot claim the property vested in company’s name. The company is capable of owning, enjoying and disposing of property in its own name.
  • Name of the Company is Protected: The Registrar of companies does not allow another name which is identical, similar or nearly resembles with the existing name of a Private Limited Company.

DOCUMENTS REQUIRED FOR INCORPORATION OF A PRIVATE LIMITED COMPANY

  • Passport size photographs of Director and Shareholders: Two passport size photographs of Director and Shareholders (JPEG format)
  • Proof of identity for Directors: Self attested copy of Pan Card is mandatory for Indian national and passport is mandatory for foreign national.
  • Proof of identity for Shareholders: Self attested copy of Voters Identity Card/Aadhaar Card/Passport/Driving license.
  • Proof of residence both for Directors and Shareholders: Self attested copy of Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill.
  • Registered Office Address Proof

    • If Rented: Rent Agreement and utility bill likely electricity bill, telephone bill, etc. and No Objection Certificate from owner.
    • If Owned: Ownership proof, Receipt of Municipality tax paid etc. and No Objection Certificate from owner.

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