Private Limited Company

A Private Limited Company or LTD is a type of small business identity which is privately owned by individuals and is governed by Ministry of Corporate Affairs in India. It can have minimum of two members and maximum of two hundred members. Almost 93 percent of the companies in India are registered as Private Limited Companies. Chartered Munshi offers you a very easy way to register Private Limited Company.

How it Works

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Expert Discussion

Expert Discussion

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Your Company Incorporation certificate is Ready

What is a

Private Limited Company?

A private limited company is a privately held company for small businesses. The liability of the affiliates of the Private Limited Company shall be limited to the amount of the shares held by them.

According to the Companies Act 2013, private companies are those whose articles of association limit the transferability of shares and prohibit the general public from subscribing to them.

Private Limited Company is one of the most recommended ways to build a business in India.

Benefits of Private Limited Company

The advantages of private limited company can be stated as:

For the best consultant for start up registration for private limited company in India, contact us at CharteredMunshi.com

Documents Required

ID proof and Address proof

PAN Card
Aadhar Card
Passport/ Driving License/Voter ID
Passport sized photograph
Bank Statement

Not older than 2 months

Registered Office Address proof

Electricity BILL/ Bank statement

Not older than 2 months

Rent Agreement

Requirements for Private Limited Company

Procedure for private limited company registration in India

Private Limited Companies Proprietorship Partnership Limited Liability Partnership One Person Company
Registration Registered with MCA No formal Registration Optional Registered with MCA Registered with MCA
Minimum Members Two person One person Two person Two person Two person - One Director, One Nominee
Maximum members Two Hundred One person Twenty Unlimited Two person - One Director, One Nominee
Foreign Ownership Allowed Not allowed Not allowed Allowed Not allowed
Perpetual Existence Yes No No Yes Yes
Statutory Compliances High Minimal Minimal Low High
Know More Know More Know More Know More

FAQs (Frequently Asked Questions)

What are the rules for picking a name for a private Limited company?

The name of your business has to be unique. The name suggested should not match any existing companies or trademarks in India.
Click here to check the name.

Can NRIs and foreign nationals or foreign entities register a company?

Yes, NRIs and Foreign National may become directors of a private limited company. They need to get a DIN from the Indian ROC. They can also be the majority shareholder of the company. The Indian citizen should have at least one director on the Board of Directors.

What are the annual compliances for Private Limited Company?
  • Subsequent Board Meetings
  • Filing of Disclosure of interest by Directors
  • First and subsequent auditor
  • Annual General meeting
  • Filing of Annual Return and Financial Statements
  • Statutory audit of Accounts
Is it allowed to change registered office of the company after registration?

Once the registered office of the company has been registered, the same can be modified at any point. Notice of any change in the circumstance of the registered address after the date of incorporation of the corporation shall be given to the Registrar within thirty days of the change, who shall report the same change.

Is there any qualification required to become a Director in Private Limited Company?

The Companies Act does not lay down any qualifications for a person to become a director of a company. However, the director of a company may be required by the Articles to hold certain shares in the company which are eligible to become directors of the company.

How do I check the availability of name for my company?

Step 1: Go to the ministry of corporate affairs website
Step 2: Click on the MCA Services Tab
Step 3: Click on "Check company name" tab
Step 4: Enter the name of the company

Location
Address

Office No.3, 1st Floor, C-23, Sector-63, Noida, U.P 201301

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