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What Is Private Limited Company?

Private Limited Company is a separate legal entity; it is an entity separate and distinct from its members. Registration of Private Limited Company comes under Companies Act, 2013 and governed by the Ministry of Corporate Affairs (MCA). As per the companies Act, 2013 for the registration of Company it should have minimum 2 members can extend till 200. Also, Company should have minimum 2 Directors and Company can appoint Maximum 15 Director. One of the Directors should be Indian. PVT Ltd company Registration online

PVT Ltd company Registration Process. One of the Important Advantage of Private Limited Company is, the Liability of Members is limited up to the share capital what they will contribute. Investor can invest is Private Limited Company and also can be shareholder. For the registration of Private Limited Company it requires Minimum Authorised Capital and Paid up Capital as per the provision of Companies Act. Private Limited Company is one of the Entity which is having number of Tax benefit as per the Company Law and Income Tax Act .

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Private Limited Company

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Our specialists are ready to provide an analysis of both the market as a whole and its individual components (competitors, consumers, product, etc.), using practical methods and starting from your research goals.

Features Of Limited Liability Partnership (LLP)

Status

Private Limited Company is Separate Legal Entity, having Individual Status from its Members and Director. Because of individual Status it has a capacity to deal with legal problem in case of fraud.

Financial Liability

Private Company has a Limited Liability, company require to pay till the end of Company Assets only to its creditors. No personal Assets of Members, Directors, Investor’ etc. will club at the time of payments.

Investment Opportunity

In any entity while doing business many times arise fund shortage issues. Private Limited Company has many more options to raise fund from investors or lenders. And financial institutions give presence to company for loan as compare to other entity.

Document Required for Private Limited Company Registration

Frequently Ask Questions (Faqs)

Can the directors and members be the same person?

Ans: Yes, the director and member can be the same person.

What are documents you get after the registration?

Ans: The documents are Company’s PAN Card, TAN CARD, Digital signatures of the Directors, Memorandum of Association, Articles of Association and Certificate of Incorporation.

Why digital signature required?

Ans: Digital signature is required to file the forms for company formation and other compliances.

Who required digital signature?Who required digital signature?

Ans: Digital signature is required for every person subscribing for shares in memorandum and articles of association.

What is memorandum of association?

Ans: The memorandum of association shall contain the object of the company. The business which the company is going to undertake.

What is article of association?

Ans: The article of association shall contain the rules and regulations of the company.

What is subscribed capital?

Ans: Subscribed capital is the amount which the members have to deposit in the Company’s Bank account after the incorporation of the company. There is no minimum limit.

What is DIN?

Ans: DIN is the Director Identification Number which is to be obtained by every person who wants to become director.

How is DIN obtained?

Ans: The DIN will be generated automatically at the time of incorporation.

REGISTRATION PROCESS

1) Name Confirmation

First case of Private Limited Company is to apply ROC Name of Company for Confirmation by Form Spice+ A, we get approval usually within 1-2 working days.

2) DSC Application

After the Name reservation we require to create a Digital Signature for the Filing of Incorporation forms. Before filing forms we require to affix DSC of Applicant and Professional..

3) Incorporation Form

Once Name is confirmed and DSCs are ready we can file addition form of Incorporation i.e Spice+ B, with all information and require papers. In the latest form we can apply for ESI and PT certificate also.

How we help with Private Limited Company Registration

TruFilings can easily register a Private Limited Company within 10-12 working days for the entire procedure

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