A Private Company is a corporate entity having a legal existence and right to hold property or asset in its own name. Private Limited Company is one of the most common types of company registration in India; it is the most widespread and most popular type of corporate legal entity. Being a legal entity it can sue and be sued too. In case you wish to register a private company, it must be registered under the Companies Act 2013.
At initial level and as a startup you may start as the private company initially and later if you wish you may go for conversion of the private limited company into the Public limited company. Private Company registration has less compliance when compared to the Public limited company compliances.
The word "Private Limited" must be added at the end of its name by a Registered Private Limited Company
Online Private Limited Company Registration
Not only private company, even public company or OPC registration process is completely online now. Private Company registration is done on the MCA (Ministry of corporate affairs) Web portal. This makes the Private company registration suitable and easy. Now, one can register a company from anywhere in the world. One can access the MCA web portal and register the company.
For an online Private company registration, one needs to file e-forms online along with required documents. However one may also take the help of Private company registration expert to register its company. We are the first choice of entrepreneurs willing to go for company registration.
Management and shareholder requirement for Private Limited Company Registration
Directors | Shareholders |
---|---|
Minimum: 2 | Minimum: 2 |
Maximum: 15 | Maximum: 200 |
As per the requirement under Companies Act 2013, every private limited Company shall have at least one Director whose stay in India is not less than 182 days for a total period in the previous calendar year.
Checklist for Private Limited Company Registration
Private Limited Company Registration Procedure
1. Apply for DSC (Digital Signature Certificate)
DSC is used to sign any e-form digitally Company Name approval. Hence all those authorized signatories /directors who are required to sign the e-forms shall obtain the DSC.2. DIN (Director Identification Number) application
DIN can be applied along with the company registration application form SPICE -32. However maximum 3 Directors can obtain DIN along with SPICE 32. After incorporation in order to add new director E-form DIR-3 is required to be filled.3. Name Approval
Check Company Name here
Check Trademark here
For name approval, one needs to apply at the MCA Portal.
4. Company incorporation Form
5. Scrutinisation and company registration certificate issuance
On successful submission, it will be scrutinized and finally, the certificate of incorporation of the company shall be issued along with the CIN, PAN & TAN.
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