Section 2 (68) of The Companies Act, 2013 defines a private limited company as a separate legal entity that is held privately and provides limited liability. It does not freely transfer its shares to the public like any other public companies.
Private Limited Company Registration
Section 2 (68) of The Companies Act, 2013 defines a private limited company as a separate legal entity that is held privately and provides limited liability. It does not freely transfer its shares to the public like any other public companies.
In India, a private limited company is a privately held entity with limited liability, and it ranks among the nation's most favored business structures. A private limited company enjoys legal separation from its owners and necessitates a minimum of two members and two directors for its operation.
- Directors: Minimum of two, with one Indian resident.
- Shareholders: At least two; directors can be shareholders.
- Unique Name: Must be distinct from existing companies/trademarks.
- Registered Office: Physical address in India.
- Capital: No minimum paid-up capital required.
- DIN & DSC: Directors need a Director Identification Number and Digital Signature Certificate.
- MOA & AOA: Draft and submit the Memorandum and Articles of Association.
- Directors: Minimum of two, with one Indian resident.
- Limited Liability: Shareholders' personal assets are protected; they are only liable for the amount they invested.
- Separate Legal Entity: The Company is distinct from its owners, allowing it to own property, sue or be sued.
- Perpetual Succession: The Company continues to exist even if the owners or directors change.
- Ease of Raising Capital: Private limited companies can attract funding from venture capitalists and private equity investors.
- Credibility: Being registered with the MCA adds credibility and trustworthiness to the business.
- Limited Liability: Shareholders' personal assets are protected; they are only liable for the amount they invested.
- Digital Signature Certificate (DSC): Obtain DSC for all directors to sign electronic documents.
- Director Identification Number (DIN): Apply for DIN for proposed directors who do not already have one.
- Name Approval: Submit name approval application through the RUN service on the MCA portal.
- Incorporation Application: File the incorporation application using SPICe+ form along with MOA, AOA, and other required documents.
- Verification and Approval: MCA verifies the application and documents. If everything is in order, the Certificate of Incorporation is issued.
- Post-Incorporation Compliance: Obtain PAN and TAN, open a bank account, and register for GST if necessary.
- Digital Signature Certificate (DSC): Obtain DSC for all directors to sign electronic documents.
- Director Identification Number (DIN)
- Photographs
- Identity Proof: PAN card (mandatory for Indian nationals)
- Address Proof: Passport, voter ID, driving license, or Aadhar card
- Digital Signature Certificate (DSC)
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Proof of Registered Office Address
- Utility bill (electricity, water, gas, or telephone) not older than 2 months
- Rental agreement, if applicable
- NOC from the owner of the premises
- Identity and Address Proof of Subscribers and Directors
- Guiding you through obtaining DSC and DIN.
- Assisting in name approval and ensuring compliance with MCA regulations.
- Preparing and filing the incorporation application along with MOA and AOA.
- Facilitating the verification process and ensuring timely issuance of the Certificate of Incorporation.
- Helping with post-incorporation compliance, such as obtaining PAN and TAN, opening bank accounts, and GST registration if necessary.
A minimum of two directors are required to form a Private Limited Company in India.
There is no minimum capital requirement to start a Private Limited Company. The Companies Act, 2013 has removed the minimum paid-up capital requirement for companies.
The registration process typically takes 10-15 working days, subject to the timely submission of all required documents and approvals from the MCA.
Yes, a foreign national can be a director in an Indian Private Limited Company, provided they obtain a DIN and meet other regulatory requirements.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.