Register Private Limited Company

A private company can be classified into following

• Private Limited Company with minimum two members
• Private Limited Company with only one member (i.e.One Person Company)

If choice of class of company is not a One Person Company, minimum two members are required to register a private company

Following are the advantages which Private Company offers

• Brand Building
• Limited liability
• Easy access for loans/financial assistance from firms
• Less compliance as compared with public company
• Get recognition as startup (if conditions are satisfied)

What is the minimum and maximum number of members required in a private company

• Minimum – two
• Maximum– two hundred

What is the minimum and maximum number of directors required in a private company

• Minimum– two
• Maximum– fifteen (by passing a special resolution, more than fifteen directors can be appointed)

What is the minimum amount of capital to be invested to form a private company

There is no minimum amount prescribed

What are the documents required to be submitted for registering an private limited company

For Digital Signature

• Pan Card and Address proof of the applicants (Passport in case of foreign national)
• Passport Size Photograph of the Applicant

For Director Identification Number

• Pan Card and Address proof of the proposed Directors (Passport in case of foreign national)
• Passport Size photo of proposed director

For Company Registration

• Proof of office address
• Copies of utility bill (not older than two months)
• Other documents will be prepared by the concerned professional (Affidavits, MOA, AOA, Declarations)

What is the procedure for incorporating a private limited company

1. Obtain Digital Signature Certificate (DSC)
2. Obtaining Director Identification Number (DIN) for Proposed Directors
3. Checking Name Availability
4. Preparation of Memorandum of Association, Articles of Association, Declarations, Affidavits and other documents
5. Filing forms for incorporating company along with the application for PAN and TAN of the Company
6. Make Payment for application for registration along with stamp duty based on the authorized capital of the proposed company and the fees for PAN and TAN
7. Obtaining Certificate of Incorporation
8. Post Incorporation works (seal, statutory register and other documents)

If you need any further assistance in registration of private limited company, you can contact the author