Private Limited Company Registration

What is a Private Limited Company?

A Private Limited Company is a separate legal entity formed under the Companies Act, 2013. It is the most popular business structure for startups and growing businesses because it offers limited liability protection to its shareholders and directors, perpetual succession, and greater credibility with investors, banks, and customers. The company can have a minimum of 2 shareholders and 2 directors, and a maximum of 200 shareholders.

Key Features

• Separate legal entity distinct from its members.
• Limited liability of shareholders to the extent of their share capital.
• Can raise funds from investors, venture capitalists, and banks.
• Perpetual succession – the company continues irrespective of changes in shareholders or directors.
• Easy transferability of shares (subject to restrictions in Articles).
• Governing law: Companies Act, 2013 and rules made thereunder.

Documents Required

• Identity proof of directors and shareholders (PAN, Aadhaar, Voter ID/Passport).
• Address proof of directors and shareholders (Bank statement, electricity bill).
• Proof of registered office address (Rent agreement, NOC from landlord, utility bill).
• Digital Signature Certificate (DSC) for proposed directors.
• Director Identification Number (DIN) for directors.
• Memorandum of Association (MoA) and Articles of Association (AoA).