What is Private Limited Company Registration?
A Private Limited Company is a type of business entity in India that offers limited liability to its shareholders and restricts the number of its members. It is the most popular form of business structure for startups and growing businesses due to its credibility, ease of fund-raising, and separate legal entity status. Registration is governed by the Companies Act, 2013.
Why Register a Private Limited Company?
Registering your company provides legal recognition, limited liability protection, and makes it easier to attract investors and raise funds.
Benefits of Private Limited Company Registration
- Limited Liability: Shareholders' liability is limited to their shareholding.
- Separate Legal Entity: The company is distinct from its owners.
- Easy Fund Raising: Attract investors and raise capital easily.
- Perpetual Succession: The company continues to exist even if shareholders change.
- Credibility: Enhances business credibility and trust.
- Easy Transferability: Shares can be transferred easily.
Eligibility Criteria for Private Limited Company Registration
- Minimum of two directors and two shareholders required.
- At least one director must be an Indian resident.
- Directors must be individuals (not companies or LLPs).
- Minimum authorized capital of Rs. 1 lakh (no minimum paid-up capital required).
Documents Required for Private Limited Company Registration
- Passport size photographs of directors
- PAN card of directors
- Identity proof (Aadhaar card, Voter ID, Passport, or Driving License)
- Address proof (Bank statement, Electricity bill, or Telephone bill)
- Proof of registered office address (Rent agreement/ownership document and utility bill)
- No Objection Certificate (NOC) from the property owner
Procedure for Private Limited Company Registration
- Obtain DSC & DIN: Get Digital Signature Certificate and Director Identification Number for directors.
- Name Approval: Apply for company name approval through the MCA portal.
- Drafting MoA & AoA: Prepare Memorandum and Articles of Association.
- Filing Incorporation Forms: Submit incorporation forms along with required documents to the Registrar of Companies (ROC).
- Certificate of Incorporation: ROC verifies and issues the Certificate of Incorporation.
- PAN & TAN Application: Apply for company PAN and TAN.
Timeline for Registration
Private Limited Company registration typically takes 7 days, subject to document readiness and government processing times.
Why Choose RegisterKaro?
- Expert guidance for a hassle-free process
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- Post-registration services such as compliance support and filing assistance
- Dedicated account manager for personalized assistance
- Guaranteed application filing in 3 days or full refund
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- Complete online process
Private Limited Company Registration FAQ's
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