Private Limited Company

PRIVATE LIMITED COMPANY

A Private limited company is a limited liability entity incorporated under Companies Act, 2013. It has a minimum of two directors (with a maximum of 15).A private limited company can have a minimum of two members and a maximum of fifty members.

Private limited company have limited liability protection to shareholders and it can to raise the equity funds. If you want to start a company in India then make sure your company is registered as Company Registration should be your first priority.It is very important to register your company as a registered company have multiple advantages from easy to register to easy to dissolve.

 

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Document Required for  Private Limited Company

  • PAN Card of Directors
  • Aadhaar Card / Voter Id card of Directors
  • Electricity Bill / Water Bill (Place of Business)
  • Rent Agreement (In case of rented property)

After obtaining the DSCs and DINs, the next task is to ensure the availability of the proposed name of the private limited company through filing the Form INC-1. Then, drafting appropriate Memorandum of Association (MOA) and Articles of Association (AOA) of the company will be made. And, finally, Form INC-29 will be filed with the concerned ROC for incorporation of the proposed company, together will all required documents.

Any person intending to become director in a company must apply for director identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN. If the documents are in order, the DIN is approved within 3-4 days. The approved DIN is valid for life and the same DIN can be used by the director, even if he/she has directorship in more than one company.

Yes, A company can change its registered office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.

Yes, A Private limited company can be set up following provisions of Companies Act, 1956 .

You need to start the company with a minimum capital of Rs. 100,000. . You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.