Private limited company registration is the legal process of establishing a privately-owned business entity. It involves submitting necessary documents, such as the Memorandum and Articles of Association, to the relevant government authority. Unlike public companies, private limited companies restrict ownership to a select group of shareholders, limiting share transferability. This structure provides shareholders with limited liability protection, separating personal assets from company liabilities. Private limited companies offer flexibility in management and operations, favorable tax treatment, and reduced administrative burdens. They are preferred by entrepreneurs and small to medium-sized businesses for their credibility, access to capital through share issuance, and efficient decision-making processes.
Minimum Requirement Of Private Limited Company
A minimum number of two Directors.
One of the Directors of a Private Limited Company must be anIndian Citizen and Indian Resident.
A minimum number of two Shareholders.
No Minimum Paid Up capital is Required.
Documents Required For Private Limited Company
Pan card of all person
Aadhar card of all person
Photo of all person
Electricity Bill for the current month
Bank Statement for the current month