2
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
- Obtain Digital Signature Certificate (DSC)
- Obtaining Director Identification Number (DIN) for Proposed Directors
- Checking Name Availability
- Preparation of Memorandum of Association, Articles of Association, Declarations, Affidavits and other documents
- Filing forms for incorporating company along with the application for PAN and TAN of the Company
- 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
- Obtaining Certificate of Incorporation
- 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
