Private Limited Company Registration
In India, Private Limited Company or PLC is the most popular legal option of building a corporate entity for conducting businesses. It means that if you’re taking a small first step and thinking of a big leap in future, your correct choice is to register as Private Limited Company. Since, then you’ll be getting a number of good legal provisions.
Private Limited Company Registration in India - An Overview
- Private Limited Company works under MCA (Ministry of Corporate Affairs) and controlled by the laws of Company Act, 2013 and Companies Incorporation Rules, 2014.
- The required number of members for a Private Limited Company is minimum 2 and maximum of 200 persons (including shareholders and directors).
- Mostly Private Limited Company is the best option for start-ups and growing companies because it allows the outside funding.
- Private Limited Company cannot make public sale of its company shares.
Documents Required
Company details, such as, share capital amounts and the ratio of holding shares, short company description, location of the registered company office, etc.
Copy of voter ID Card/Aadhaar Cards and address proof of directors and shareholders (Mandatory)
Copy of PAN CARD of directors and shareholders (Mandatory)
Passport size photographs of directors and shareholders (Mandatory)
Nationality proof of the director(s), if he/she is a foreign national
Contact details of directors and shareholders, such as, electricity bill, telephone/mobile bill, email, etc.
Sheet of MOA and AOA
Address proof of the business space. In case, you own the business space, rental agreement of the same
Landlord NOC, in case the business space is rented
Latest Electricity/Water Bills of business space
NOC of shareholder, in case original MOA is changed with him
Procedure to Register a Private Limited Company
- Works as a separate legal entity to get access to credits, bank loans, limited liability, legal protection for business, access to market, etc. Comes under the provisions of Private Limited Company operating in India.
- Benefit of using legal name and status value unlike Sole Proprietorship which is not a legal entity.
- Provision of limited liability (up to the limit of company shares) does not affect owner’s personal wealth, assets, etc.
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