A private limited company offers limited liability protection to its shareholders and operates as a separate legal entity. It requires a unique name, at least one director and shareholder, a registered office address, and compliant documents like the Memorandum and Articles of Association. Registration involves submitting necessary forms to the government authority.
A private limited company, often abbreviated as Pvt Ltd or Ltd, is a type of business entity commonly used for small to medium-sized businesses. Here's a concise overview:
Establishing a private limited company involves registration with the relevant government authority, such as the Companies Registrar, and complying with legal and regulatory obligations.
A Private Limited Company is a type of business entity that a small group of people privately and collectively holds. It is incorporated under the Ministry of Corporate Affairs. This type of business entity offers limited liability for its shareholders, and shares can only be traded privately. It has a minimum of 2 members and a maximum of 200 members. Shareholders are considered as the owners of the company, whereas directors are considered to be the key managerial persons (KMP) of the company, while in an LLP, partners are the owners as well as KMPs of the company.
Incorporating a Private Limited Company is the right choice, as it facilitates taxation benefits, credibility, business expansion, and quicker sanction of business loans. It promotes the easy way for capital formation and pooling of funds through members.
Take a closer look at the benifits of private limited company registration in India
Private Company improves credibility by being registered as a corporate entity.
Syndicate both equity and debt funds to have an optimal capital structure.
Business may attract foreign direct investment (FDI) under the automatic route.
A Private Limited Company is a legal entity in its own right, allowing the business owner to keep their assets separate from the business itself. This means that the business owners aren’t subject to any personal liability.
It has an Exit plan through sale or dilution of equity of the Company.
It helps in protecting personal assets of the owners with limited liability protection.
Ownership of a business can be easily transferred in a company by transferring shares.
As per the companies Act 2013 , there are minimum Requirements that need to be met for company incorporation online.
Minimum 2 Directors
Unique Business Name
Atleast one Director shouldbe
the resistent of India
Regitered office Address
The process of registering your company as a Private Limited Company is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your company online in 3 easy steps:
Step:1
Get in Touch via Call or Contact Form
Step:2
Provide necessary Documents
Step:3
Get your incorporation registered
into 10-15 Working Days
In order to register your private limited company in India, you need to provide proper identity and address proof. These documents are required for directors and shareholders of the company which will be submitted to the Ministry of Corporate Affairs (MCA) portal.
