Private Limited Company

Private Limited Company gives limited responsibility and legal protection to its stakeholders. It requires a minimum of two persons to register. In a Private Limited Company, a person can be both a director and a shareholder.

Section 2(68) of Companies Act, 2013 defines private companies. According to that, private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them.

A Private Limited Company's (PLC) members' liability is measured as the number of shares they own. After receiving the Certificate of Incorporation, a Private Limited Company in India can start activities.

Advantages of Private Limited Company

Minimum Share Capital

A Private Limited Company can be established with no minimum capital. But normally Authorise Capital is Rs. 1 Lakh.

Easy transferring of shares

A shareholder can transfer their shares in a business limited by its shares to anyone else. The transfer is simple compared to transferring a stake in a firm managed as a sole proprietorship or partnership. It is simple to transfer shares by filling out and signing a share transfer form and giving over the buyer of the shares along with the share certificate.

Limited Liability of Directors

In case of a private limited company, the liability of every shareholder is limited. In case of any losses occur the personal assets of the shareholders are not at risk.

Easy Fund Raising

Private Limited company is a favorite legal structure for bank and NBFC as compare to any other legal structure like proprietorship concern or partnership firm. Therefore, Private Limited company can raise fund easily from bank and NBFC.

Separate Legal Entity

A company is defined as a separate legal entity and a juristic person. A juristic person is someone who isn't a human being or a natural person. As a result, a business has a legal capability, including owning property and incurring debt. A Pvt ltd corporation is a separate legal entity from its shareholders.

Flexible Relations

When a private limited company is considered, a person can act as a shareholder, director, and employee all at the same time. They are also regarded as trustworthy.

Access to funding

Because there is a distinction between shareholders and directors, private limited firms can easily handle equity capital. Any other structure is unlikely to attract venture capitalists and private equity firms.

Basic Requirements for forming a private limited company
  • Minimum of two directors
  • There must be at least two shareholders.
  • DIN (Director Identification Number) require for all Directors.
  • All Directors must have a DSC (Digital Signature Certificate).

Documents required

  • Passport Size Photograph
  • PAN Card
  • ID Proof (anyone)
  • Aadhar Card/Voter ID /Driving License /Passport
  • Address Proof

If Property Owned by Directors /Shareholder

  • Sale Deed of Property
  • NOC from the Owner (format given by our company)

If Rented Property

  • Rent Agreement
  • NOC from the Owner (format given by our company)

Anyone Document Require from Below

  • Electricity Bill / Telephone Bill / Mobile Bill

Steps Involved in Registration

Step1

Get the DSC and DIN for the Private Limited Company's proposed first Directors is the first step.

Step2

An application for a name reservation can be filed with the Registrar of Companies (ROC).

Step3

After receiving the ROC's approval, file the Private Limited company's incorporation application in the prescribed format.

Step4

If the registrar is pleased with the Private Limited company's application for incorporation, the Certificate of Incorporation is issued.

What you will receive from us

  • Incorporation Certificate
  • MOA & AOA
  • Company PAN Card
  • Company TAN/TDS Number
  • PF & ESIC Registration
  • Master File of Incorporation
  • DIN Number of Directors
  • DSC

To learn more about "Private limited company registration cost," contact the "Taxdraw" professional team.

We offer a variety of company registration options, including "Indian private limited company registration."

Plans

Rs. 5999

Starter

  • 2 DSC (2 Years Validity)
  • 2 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • MOA & AOA
  • Company Registration Certificate
  • Expert Support
Rs. 6499 

Plus

  • 2 DSC (2 Years Validity)
  • 2 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • MOA & AOA
  • Company Registration Certificate
  • GST Registration
  • Expert Support
Rs. 12999 

Pro

  • 2 DSC (2 Years Validity)
  • 2 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • MOA & AOA
  • Company Registration Certificate
  • GST Registration
  • Company Annual Compliances
  • A. Business Commencement Form Submission
  • B. Auditor Appointment
  • C. Director KYC
  • D. Annual Compliances
  • Expert Support
Rs. 12190

Professional

  • 2 DSC (2 Years Validity)
  • 2 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • MOA & AOA
  • Company Registration Certificate
  • GST Registration
  • Start -up India Registration
  • Expert Support
Rs. 22220

Advanced

  • 2 DSC (2 Years Validity)
  • 2 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • MOA & AOA
  • Company Registration Certificate
  • GST Registration
  • Start -up India Registration
  • Gov. Seed fund Registration
  • Expert Support

FAQ's

A Private Limited Company (PLC) is a privately held company for small businesses. A member's liability in a Private Limited Company is limited to the number of shares they own. The shares of a Private Limited Company cannot be exchanged publicly.

No. The company will be valid once it is founded until it is officially closed down by the owners—no need to renew or pay fees. Companies must, however, file elementary form at the MCA site every year.

After receiving all documents from client, the company can be registered in 5-7 days.

To register a private limited company, you'll need a minimum of 2 directors and a maximum of 15.

Yes, any foreign national, entity, or NRI can become a director or shareholder in an Indian private limited company.

No, a private limited business cannot invite the general public to invest in the company's shares.