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About

Private Limited Company

A Private Limited Company is one of the most popular business structures in India, offering a perfect balance between flexibility and legal security. Ideal for small to medium-sized businesses, it provides the benefits of limited liability, protecting your personal assets from business risks. Additionally, it allows for easy access to funding, as investors prefer this structure due to its clear ownership and management framework.

By incorporating as a Private Limited Company, you can enjoy credibility in the market, attract potential investors, and benefit from a clear and organized structure for your business. Our expert team is here to guide you through the entire process, from registration to compliance, ensuring that your company is set up for success from day one.

FAQs for Private Limited Company Formation

1.What is a Private Limited Company?

A Private Limited Company is a type of privately held business entity in which the owners' liability is limited to their shares, the shares cannot be publicly traded, and the company has a separate legal existence from its owners.

2.What are the minimum requirements to form a Private Limited Company?

A Private Limited Company must have a minimum of 2 shareholders, 2 directors (one of whom can be the shareholder), a registered office in India, and a minimum authorized capital of ₹1 lakh.

3.What documents are required for the incorporation of a Private Limited Company?

The essential documents include PAN cards, proof of identity and address of all directors and shareholders, passport-sized photographs, and proof of the registered office address.

4. How long does it take to register a Private Limited Company?

Typically, the process can take anywhere from 10 to 15 working days, depending on the availability of the necessary documents and government processing times.

5. What are the advantages of registering a Private Limited Company?

Advantages include limited liability protection for shareholders, easier access to capital through the issuance of shares, enhanced credibility, and perpetual succession regardless of changes in ownership.

6.Can a foreign national or an NRI be a director in a Private Limited Company?

Yes, foreign nationals and NRIs can be directors in an Indian Private Limited Company, provided they obtain a Director Identification Number (DIN) and meet the necessary compliance requirements.

7. What is the difference between a Private Limited Company and an LLP?

While both offer limited liability protection, a Private Limited Company is more suitable for businesses looking to scale up, raise equity, or seek investments. An LLP, on the other hand, offers greater flexibility and is often chosen by professionals and small businesses.

8.What are the post-incorporation compliances for a Private Limited Company?

After incorporation, the company must comply with annual filings, hold regular board meetings, maintain statutory registers, file income tax returns, and fulfill other legal obligations as per the Companies Act, 2013.

9.Can a Private Limited Company convert into a Public Limited Company?

Yes, a Private Limited Company can be converted into a Public Limited Company by complying with the legal requirements, such as altering the Articles of Association, increasing the number of shareholders, and more.