Private Limited Company Incorporation

Welcome to Sadique and Ameen Associates – your reliable partner for navigating the Private Limited Company registration process!Initiating your very own company is a significant venture, and our team stands ready to provide support at every turn.With our expert guidance, a Private Limited Company Registration becomes an uncomplicated task. Situated in Delhi, our proficient team ensures a smooth and efficient process, guaranteeing your aspirations materialize smoothly. Let’s transform your business vision into tangible reality.

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    A Private Limited Company is an organization owned privately, typically suitable for small businesses. This form of business structure confines the liability of owners to the extent of their shares, sets a maximum limit of 200 shareholders, and imposes restrictions on the public trading of shares by shareholders.

    Almost 93 percent of the companies incorporated in India are registered as Private Limited Companies. The Ministry of Corporate Affairs is the governing body which regulates all Private Limited Companies in India. The main law regulating Private Limited Company is the Companies Act 2013. The Companies Act 2013 is the regulating Act along with the Rules (Delegated Legislation), Notices, Circulars and Notifications issued by the Ministry of Corporate Affairs.

    For the registration of a Private Limited Company in India, the following prerequisites must be met at a minimum:

    • 2 Directors – At least 1 individual must be an Indian citizen and resident.
    • 2 Shareholders – The Directors themselves can also hold shares.
    • Registered Office located in India.

    Advantages of Private Limited Company Registration in India

    Limited Exposure to Personal Assets – Shareholders in a private limited company enjoy limited liability. This implies that as a shareholder, your obligation towards the company’s debt is confined to the extent of your investment. Shareholders are not personally liable; thus, they are not required to settle the company’s debt using their personal possessions.
    Distinct Legal Identity – A private limited company holds a distinct legal identity apart from its owners. The company bears responsibility for managing its financial matters, assets, debts, and obligations. As a result, you are not accountable for the company’s losses. Consequently, creditors are unable to pursue you for debt recovery.
    Capital Generation – Despite the compliance obligations associated with private limited company registration, entrepreneurs favour it due to its capacity to secure funds through equity. This structure facilitates business expansion while concurrently limiting liability.
    Credibility – Businesses in India are registered with the Registrar of Companies (ROC) under the Companies Act of 2013. The Ministry of Corporate Affairs (MCA) portal provides public access to company information. Furthermore, director details are furnished during the company’s formation. Hence, the private limited company structure is considered more trustworthy.
    Perpetual Existence – A company possesses ‘perpetual succession’, meaning it maintains uninterrupted existence until officially dissolved. Since a company is an autonomous legal entity, it remains unaffected by the demise or withdrawal of any member. It persists regardless of alterations in membership.

    Necessary Documents for Pvt Ltd Company Registration

    For the Private limited company registration online, the individuals who will be directors need to provide the following documents to confirm their identity:

    Indian Citizens: PAN card (mandatory)
    Foreign Citizens:Embassy Apostilled Passport (mandatory)

    In addition to the above, directors must also submit one of these documents with their address:

    Indian Citizens: Passport, Driver’s License, Voter ID, Ration Card, or Aadhar ID
    Foreign Citizens: Embassy Apostilled Driver’s License, Bank Statement, or Residence Card

    Lastly, as evidence of where they reside, the potential directors should provide one of thesedocuments issued within the past two months:

    Indian Citizens: Bank Statement, Electricity Bill, or Phone Bill
    Foreign Citizens: Embassy Apostilled Bank Statement, Electricity Bill, or Phone Bill

    If one of the company’s shareholders is another company from India or abroad, the following papers need to be provided:

    • A board resolution that approves investing in the company
    • The Incorporation Certificate of that company
    • Documentary proof of the company’s address.

    Different Types of Private Limited Company

    Company Limited by Shares

    In companies limited by shares, the responsibility of members is confined to the specified nominal value of the shares outlined in the Memorandum of Association. Shareholders cannot be held accountable for more than the capital they’ve invested in the company.

    Company Limited by Guarantee

    LLP partners are solely liable for their invested contributions. They are not accountable for the entirety of debts or losses, which enhances their reputation and security.

    Unlimited Companies

    Unlimited companies are enterprises where members bear unrestricted liability. Each member is personally responsible for the company’s debts and obligations to the full extent. Consequently, if an unlimited company faces liquidation, creditors have the authority to recover debts and liabilities from shareholders.

    Despite lacking the shield of limited liability for shareholders, an unlimited company still possesses independent legal status. Consequently, the members of an unlimited company cannot be individually sued.

    Checklist for Private Limited Company Registration in India

    For successful Private Limited Company registration in India, it’s important to follow the checklist requirements outlined in the Companies Act of 2013.

    Two Directors: A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
    Unique Name: The name of your PrivateLimited company must be unique. The suggested name should not match with any existing companies or trademarks in India.
    Minimum Capital Contribution: A Pvt limited company should have an authorised capital of at least ₹1 lakh.
    Registered Office: The registered office of a Private Limited company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

    Sadique and Ameen Associates by your side, the path to Private Limited Company registration becomes straightforward and efficient. We’ve helped lots of other businesses do it successfully, so you can count on us to make sure your company follows all the legal rules. We’ll guide you through the steps of your Private Limited Company registration in Delhi, making it easy and dependable. Let’s work together to make your business dreams come true.

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