A Private Limited Company is the most common form of business in India and prevalent among tech startups, It is a favorite form of business among Angel Investors, Banks & other financial institutions. Pvt Ltd Company is a creation of law and can be registered/incorporated as per the law laid down in The Companies Act 2013 and the rules made thereunder. Any two legal person can open a private limited company while it must be limited to 200 members. Foreign Direct Investment (FDI) in a private limited company is allowed under automatic route for most of the sectors. Our Dedicated Private Limited Registration specialist is available to assist you in the registration of your business across India.
Two front-facing colour photographs of directors / shareholders
Pan Card of each director, The name must match with IT database
Identity Proof of each director, (Aadhar Card, Passport, Driving License or Voter ID Card)
Address Proof (Bank Statement or Passbook, electricity bill, telephone bill, or any utility bill)
Proof of the registered address of Company (Sale Deed, electricity bill, tax paid receipt or any other utility bill)
No objection Certificate from the owner of premises where registered office of the company shall be situated
Documents Must be self attested and attested by a Gazetted Officer, Post Master or a Bank Manager
DSC is the equivalent of physical or paper certificates in digital format. As the application For Pvt Ltd Registration is filed online with Digital Signatures of the director, hence the process starts with the issuance of the digital signature for all the directors/promoters. Photo, ID and Address proof is to be submitted along with Form for issuance of DSC
Advantages of Private Limited Company Registration
Limited Liability implies that the owners or shareholders of the company are not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. In order to reap the Limited Liability Benefit, owner needs to comply with all laws.
Perpetual Existence implies that the company is unaffected by the death of owner or the transfer of its shares to a new establishment. The best part of perpetual existence is that a company will continue to exist, no matter how many directors, officers and shareholders join or leave.
Capacity to Sue and to be Sued
Private Limited Companies enjoy the advantage to carry out legal proceedings and to bring a suit in the court of law. Like an individual, the companies can bring a legal action in another person's name and also can be sued in the court of the law as they are distict & independent legal entities different from its owners, promoters & directors
Distinct Legal Entity
A legal entity like a company has a separate identity from its owners or shareholders. With the registration of the company according to the law in force it becomes a distinct legal entity which is different from its promoters and is treated separate under law
Not only the private limited companies receive great financial assistance from banks and financial institutions but also enjoys an advantage of borrowing funds. A private limited company can also issue debentures apart from accepting deposits from the public.
Like a person a private limited company can purchase, sale, own, possess, enjoy and transfer property rights to anyone in its own name. Moreover, no claim can be made upon the property of the company by the shareholder as long as it exists.
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