Office Address

A-818, Sun West Bank, Opp. City Gold Cinema, Ashram Road, Ahmedabad -380009

Phone Number

+91-8153002300
+91-9662299517

Email Address

info@taxcenterindia.com

Private Limited Companies

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    Contact Info

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      A-818, Sun West Bank, Opp. City Gold Cinema, Ashram Road, Ahmedabad -380009

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      info@taxcenterindia.com

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      +91-8153002300
      +91-9662299517

    Private Limited Companies

    A private company is a company which is owned by non-governmental organisations or a relatively small number of shareholders or members of a company. Usually, a private company does not offer or trade its shares to the general public on the stock exchanges, but rather the private stock of the company is owned and traded.

    In India, a private limited company is a type of company that is privately held and has limited liability. It is one of the country’s most popular types of business structures due to its various advantages, including limited liability protection, ease of formation and maintenance, and separate legal entity status. A private limited company is considered a separate legal entity from its owners and must have at least two members and two directors.

    Requirements to start a Private Limited Company

  • A minimum of two shareholders are required to start a private limited company. The maximum number of shareholders allowed is 200.
  • A minimum of two directors are required to start a private limited company. At least one of the directors must be a resident of India.
  • The Registrar must approve the proposed name of the company of Companies (ROC). The name must be unique and not similar to any other company name registered with the ROC.

    • Benefits of Private Limited Company

    • No Minimum Paid-up Capital
    • Separate Legal Entity
    • Limited Liability of Members
    • Fund Raising
    • Perpetual Existence
    • Foreign Direct Investment (FDI)
    • Credibility
    • Brand Recognition
    • Personal liability

    FAQs

    A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.

  • The number of members must be between 2-200.
  • There must be at least two directors and two shareholders
  • Each director must have a Directors Identification Number (DIN)
  • PAN card copy of directors/shareholders and Passport copy for NRI subscribers.

    • Yes. The company needs to provide address proof for incorporation. But the Ministry of Corporate Affairs (MCA) allows a residential address to be used as the company’s registered address. Thus any address can be provided as the registered address.

    Memorandum of Association (MOA) is defined under section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers and objects of the company.
    The Articles of Association (AOA) is defined under section 2(5) of the Companies Act. It details all the rules and regulations relating to the management of the company.

    No. The Companies (Incorporation) Third Amendment Rules dated 27th July 2016 has relaxed the mandatory attachment of proof of identity and residence in respect of a subscriber having a valid DIN.

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