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Fastest Private Limited Company Registration In India
The private limited company is a widely preferred business entity in India. About 90% of companies in the country are registered as private limited companies. This structure provides a distinct legal identity with limited liability and the potential for perpetual existence, now established under the Companies Act of 2013.
Private Limited Company
Overview Of Judication
Jurisdiction: Private limited companies are regulated by the Ministry of Corporate Affairs (MCA) and are formed and registered under the Companies Act, 2013. The jurisdiction for matters related to private limited companies lies with the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). It is important to consult a lawyer or a professional to ensure compliance with the applicable laws and regulations while setting up and operating a private limited company.
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Compare Diffrent Companies
| Private Limited Company | Limited Liability Partnership | One Person Company | |
|---|---|---|---|
|
Act |
Companies Act, 2013 |
Limited Liability Partnership Act, 2008 |
Companies Act, 2013 |
|
Registration Requirement |
Mandatory |
Mandatory |
Mandatory |
|
Number of members |
2-200 |
2-unlimited |
only 1 |
|
Number of Director/Partner |
2-15 |
2-unlimited |
only 1 |
|
Separate Legal Entity |
Yes |
Yes |
Yes |
|
Liability Protection |
Limited |
Limited |
Limited |
|
Statutory Audit |
Mandatory |
Dependent |
Mandatory |
|
Ownership Transfer ability |
Yes |
Yes |
No |
Some of the Key compliance
Considerations for a Legal and Tax Services Private Limited Company in India
Incorporate your company under the Companies Act, 2013 and Obtain the certificate of incorporation from the Register Of Companies
Maintain proper records of directors and shareholders , including appointment/registration and changes. updates the share register and file necessary forms with the ROC
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Conduct regular board meetings, maintain minutes, and file necessary board resolutions with the ROC within 30 days
Maintain statutory registers like Register of members, Directors and Charges , updating them regularly
Frequently
Asked Questions
A Private Limited Company is a business structure that offers limited liability protection to its
shareholders while retaining features of a separate legal entity.
A Private Limited Company can have a minimum of two and max. of 200 shareholders.
Yes, foreign nationals and non-residents can hold shares and become directors in an Indian Private
Limited Company
The advantages include limited liability protection, separate legal entity status, ability to raise funds
through share issuance, and continuity even in case of owner changes.
The concept of minimum authorized capital has been abolished, allowing companies to be formed
without a specific minimum capital requirement.