Private Limited Company Registration in India | Admond World

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Private Limited Company Registration

Are you a businessman or are starting a new business and looking for a private limited company listing is the right place. Admond World. One of the best business registration service providers to offer any type of business registration services with the support of certified public accountants.

About Private limited company registration

Private limited company is the most popular and comprehensive type of legal entity in India. Private limited company certification is governed by the Ministry of Business, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two directors and two shareholders are required. A natural person can be both a shareholder and a director, whereas under corporate law a company can only be a shareholder. NRIs may be shareholders and / or directors of an external direct investment firm, making it the preferred entity for foreign promoters. A type of company that provides legal protection, or limited liability, to its shareholders, but imposes some restrictions on its ownership. These terms are defined in the company's rules or regulations and are intended to prevent hostile takeover attempts.

The unique features of a private limited company such as limited liability protection for shareholders, separate legal entity status, ability to raise capital and sustainable existence make it a recommended type of work unit for millions of small and medium-sized businesses that are family-owned. Or professionally managed.

Characteristics of Pvt ltd Company Registration in India

Members- For Private Limited Company Registration in India, as per the provisions of the Companies Act, 2013 at least 2 members are required and maximum is 200 members.

Limited Liability– The liability of each shareholder or members is limited. It means that if a company faces loss under any circumstances then its stockholders are liable to sell their own assets for payment. The personal, individual assets of the stockholders are not at risk.

Perpetual succession– The company keeps on existing in the eyes of law even in the case of insolvency, death, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing always.

Index of members- A private company has a authority over the public company as they don’t have to keep an index of its members whereas the public company is required to maintain an index of its members.

Number of directors- A private company must have two directors. With the existence of 2 directors, a private company can come into action.

Paid up capital- It should have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.

Prospectus- Prospectus is an exact statement of the company affairs which is expressed by a company for its public. However, in the case of private limited company, there is no such need to issue a catalogue because in this public is not invited to subscribe for the shares of the company.

Minimum subscription- It is the payment receive by the company which is 90% of the shares issued within a certain period of time. If the company is not able to receive 90% of the payment then they cannot commence further business. In case of private limited company shares can be assign to the public without receiving the minimum subscription.

Name- It is compulsory for all the private companies to use the word private limited after its name.

Required documents for Private Limited Company Registration

ID Proof of all Directors

Any one ID proof like AADHAR Card, Voter Card, Driving License or Passport required.

PAN card of all Directors
Any one address proof
  • Bank statement having latest 60 days entry
  • Bank Passbook with entries page having latest 60 days entry
  • Electricity Bill in name of Director
  • Gas bill in name of Director
Passport size photo of all Directors
Any one bill in anybody name for registered office address
  • Electricity Bill
  • Gas Receipt (not Gas book)