Private Limited Company

A private limited company is a voluntary association of not less than two and not more than 200 members,.Private companies may issue stock and have shareholders. However, their shares do not trade on public exchanges and are not issued through an initial public offering.

Shareholders may not be able to sell their shares without the agreement of the other shareholders. Private Limited Company has various advantages like Limited Liability, Continuity of existence, better brand value, etc.


MINIMUM REQUIREMENTS
DOCUMENT REQUIRED
LIMITED LIABILITY
CAPITAL REQUIRED

About Private Limited Company

  • Minimum requirements

    Minimum 2 Directors [As per Section 149 (3) of the Companies Act, 2013 (implemented with effect from 01.04.2014), every company shall have at least one director on its board of directors, who has stayed in India for a total period of not less than one hundred and eighty two (182) days in the previous calendar year.]

  • Capital Required to Start

    Minimum Share Capital shall be Rs.100,000 (INR One Lac). Fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorized Capital Fee] during the registration of the Company. There is no requirement to show proof of capital invested during the registration process.

  • Document required for registration

    Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

  • Time required to incorporate a company

    We can incorporate a Private Limited Company within 10 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

  • Statutory compliances required

    A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.



  • Limited Liability

    It means that if the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.





  • Brand Value

    Company’s brand value will get increased because people come to know about the Company very well.





  • NRIs/ foreign Nationals can be a Director

    NRIs or Foreign Nationals can be a Director in a Private Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India


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