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Private Limited Company (PLC)

Private Limited Company (PLC)

A company in the eyes of the law is regarded as a separate legal entity from its founders It has shareholders (stakeholders) and directors (company officers). Each individual is regarded as an employee of the company.

What are the Minimum Requirement of Company Registration?

Minimum 2 Director

Minimum 2 Shareholder

DIN (Director Identification Number for all Director)

DSC (Digital Signature Certificate for one of the Directors)

Minimum Share Capital of Rs. 1,00,000/-

The Director and Shareholder can be same

Documents Required for Pvt Ltd Company

ID Proof

Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Latest passport size photograph

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

What are the Advantages / features?

  • Separate Legal Existence
  • Limited Liability
  • Flexibility of Ownership
  • Separation of Ownership and Management
  • Tax Planning
  • Perpetual Succession
  • Easy Transferability
  • Borrowing Power
A private limited company is a limited liability entity incorporated under Companies Act, 2013. It has a minimum of two directors (with a maximum of 15). A natural person can be a director and as well as shareholder, where a corporate legal entity can only be a shareholder. In addition to that, foreign nationals, foreign corporate entities or NRIs are also allowed to be the Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Separate Legal Existence
Limited Liability
Flexibility of Ownership
Separation of Ownership and Management
Tax Planning
Perpetual Succession
Easy Transferability
Borrowing Power
Minimum 2 Director
Minimum 2 Shareholder
DIN (Director Identification Number for all Director)
DSC (Digital Signature Certificate for one of the Directors)
Minimum Share Capital of Rs. 1,00,000/-
The Director and Shareholder can be same
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013.  Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.  Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
MOA stands for Memorandum of Association an it reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of a Company. AOA stands for Article of Association and it contains the regulations for management of the company.
Thus, the memorandum lays down the scope and powers of the company, and the articles govern the ways in which the objects of the company are to be carried out and can be framed and altered by the members.
Authorized capital is the maximum amount of share capital for which a company can issue shares. Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to the shareholder and for which payment was made by shareholder. Paid up capital will always be less than the authorized capital as the company can not issues shares above its authorize capital.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
Minimum 2 Persons (aged above 21 years) required.
Yes, you can register a Private Limited Company at RESIDENTIAL ADDRESS
The process for Company Registration is Online in INDIA so no need to visit personally in any office.
It depends upon Turnover and Industry/Type of your Company, Please call us for more information.
Every Company is required to complete the following formalities within 30 days from the Date of Registration of the Company:-
  • Holding of First Board Meeting
  • Opening of Bank Account
  • Deposit of Share Capital by the Shareholders
  • Issue of Share Certificates to the Shareholders
  • Appointment of Statutory Auditor
  • Other Compliance’s as may be required