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Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA