Private Limited Company

Incorporate as a Private Limited Company

A private limited company is an voluntary association of not less than two and not more than 200 members / shareholders, whose liability is limited, the transfer of whose shares is limited to its members and company is not allowed to invite the general public to subscribe to its shares or debentures. The Indian Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a private limited company.

Its main features are :

  • It has an independent legal existence,
  • it can own property in its own name,
  • it can sue or be sued in its own name,
  • it has got perpetual succession. The Registrars of Companies (ROC) are vested with the primary duty of registering companies in the respective states and the Union Territories.
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Minium Requirement

  • Minimum 2 Shareholders
  • Minimum 2 Directors
  • The directors and shareholders can be same person
  • Minimum Share Capital shall be Rs. 100,000 (INR One Lac)
  • DIN (Director Identification Number) & DSC (Digital Signature Certificate) for all the Directors.

Document Required

  • PAN Card & Address Proof of proposed directors.
  • Passport size photograph of proposed directors.
  • Proof of registered address of the company. (Note : Address proof ; Copy of any one of the following: Passport/voter id/Ration card/D.L./Electricity bill/Bank statement.)

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