About


A private limited company, is a type of privately held business entity. It has the limited liability of members and can have minimum two and maximum two hundred members.

Start-ups and growing businesses choose to register a company in India because it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to attract top talent.
As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.

Benefits


Separate Legal Entity

In the eyes of law, private limited company is a separate legal entity and can own property and also incur debts.

Limited Liability

The members' / directors’ personal property is always safe in private limited company, no matter the debts of the business.

Perpetual Succession

Private limited company remains in existence until it is legally wound up.

Easier to raise finance

Private Companies can easily raise finance through the sale of share and through debt

Easy to attract talents

Due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations and stock options

Easy Transferability

Shares of a private limited company are transferable by a shareholder to any other person

Documents Required


  • Copy of

    PAN Card of directors

  • Passport size

    Photograph of directors

  • Copy of

    Aadhaar Card/ Voter identity card

  • Copy of

    Rent agreement (If rented property)

  • Copy of

    Electricity/ Water bill (Business Place)

  • Copy of

    Property papers (If owned property)

  • Specific Requirement

    Landlord NOC (Format will be provided)

Minimum Requirement


  • Shareholders

    Minimum Two

  • Directors

    Minimum Two

  • DIN

    For all Directors

  • Indian Resident

    Atleast one Director

Registration Process


  • 6
    Incorporation Certificate
    5 to 7 days
  • 5
    Submission of MOA & AOA
    3 to 5 Days
  • 4
    Name Reservation
    2 to 3 days
  • 3
    Obtain DSC and DIN
    4 to 5 days
  • 2
    Verification of Information
    2 to 3 days
  • 1
    Collation of Information
    Start

You will get


  • DIN

    For 2 Directors

  • Digital Signature

    For 2 Directors

  • Name

    Search & Approval

  • MOA

    AOA

  • Registration Fees of

    ROC

  • Pan Card of

    Company

To incorporate a private limited company, a minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company.

 

Minimum two and maximum 15 directors are required for a private limited and there can be even more than 15 directors after passing Special Resolution.

There is no minimum paid-up capital requirement and hence no burden of putting in such a large amount, as previously required, into the company bank account. This amount can be introduced as per the convenience of the business owners.

Yes, private limited compnay needs to do annual filling with ROC each year. Further it has to must maintain books of accounts to comply with statutory audit requirements and submit income tax returns

Yes, a Foreign National or an NRI can be a Director in a private limited company in India after obtaining DIN. However, at least one Director on the Board of Directors must be a Resident India.

Any individual or company or LLP can become a shareholder including NRl and foreigner.

MOA is the chartered public document which contains all those information that are required for the company at the time of incorporation i.e. objects, powers, and scope of the company. A company is not allowed to work beyond MOA, i.e. it limits the range of activities of the company.

AOA is the secondary document, which defines the rules and regulations made by the company for its administration and day to day management. In addition to this, the articles contain the rights, responsibilities, powers and duties of members and directors of the company. It also includes the information about the accounts and audit of the company.

No, you needn’t be available in person,  private limited company incorporation process is online. A scanned copy of documents can be sent to us via mail, and we will handle the rest

Compare Your Options


  • Recommended For
  • Limited Liability
  • Accommodate Investment
  • Perpetual Succession
  • Statutory Compliances
  • Tax Advantages
  • Incorporation Document
  • Transferability of Ownership
  • Interest on Capital Contribution
  • Ownership of Assets
  • Maintenance of Accounts and Audit

Private Limited Company

  • Start-ups and growing entities
  • Yes
  • Easy to accommodate
  • Yes
  • High
  • Few
  • MOA & AOA
  • Easy to transfer
  • Not allowed
  • Yes
  • Compulsory

Limited Liabilty Partnership

  • Professional services
  • Yes
  • Possible, but unlikely
  • Yes
  • Low
  • Most efficient
  • LLP Agreement
  • Possible
  • Allowed
  • Yes
  • Based on Turnover or Capital contribution
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One Person Company

  • Solo promoters
  • Yes
  • Possible, but severely unlikely
  • Yes
  • High
  • Few
  • MOA & AOA
  • Possible, but unlikely
  • Not allowed
  • Yes
  • Compulsory
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Public Limited Company

  • Medium to large scale entities
  • Yes
  • Easiest to accommodate
  • Yes
  • Very High
  • Few
  • MOA & AOA
  • Easiest to transfer
  • Not allowed
  • Yes
  • Compulsory
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Partnership Firm

  • Small to medium scale entities
  • No
  • Almost impossible
  • No
  • Minimal
  • Minimal
  • Partnership Deed
  • Not Transferable
  • Allowed
  • Partners have joint ownership
  • Based on Turnover
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