Private Limited Company Registration

A Private Limited Company is a business entity held by a small group of people. It is registered for pre defined objects and owned by a group of members called shareholders. Start ups and businesses with high growth aspirations generally choose this form of business. A private limited company is incorporated under the Companies Act,2013 and governed by the Ministry of Corporate Affairs (MCA).

Requirements For Registration

As per law in the Companies Act,2013 the following conditions have to be fulfilled by a company to qualify for registration :

1. Two Directors: A private limited company must have at least two directors and at the most 15. Of the directors in business at least one must be an Indian resident
2. Minimum Capital Contribution :There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs.1 lakh.
3. Unique Name: The suggested name of a company should not match with the name of any existing company or trademark.
4. Registered Office :The registered office of a company may not be a commercial place, it can even be a rented home as long as an NOC is obtained from the landlord.

Advantages Of Registration

Registering a company has many benefits. Some of them are :

1. Limited Liability :The liability of shareholders of a private company is limited to the value of shares held by them.
2. Raising Capital :Although registering a company entails a lot of legal compliances, it is preferred by entrepreneurs as it helps them in raising funds through equity.
3. Separate Legal Entity :In the eyes of law, a company is an artificial person, separate from its owners. The death or cessation of shareholders does not affect the existence of the company.
4. Trustworthiness :Companies in India are registered with the Registrar of companies(ROC). Anyone can check the details of the company through the Ministry of Corporate Affairs (MCA).
5. Perpetual Succession :A company continues to exist until it is legally dissolved. Being a separate legal entity, its existence is unaffected by the changes in its membership.

One Time Payment ₹ 7,999.00