Private Limited (Pvt.Ltd) Company
Use LegalMedia to Launch Your Ideal Business.
For the lowest fees, register your new business as a private limited company with LegalMedia. LegalMedia is a registered MSME and MCA (Ministry of Corporate Affairs) business in India. All of the documentation will be drafted and completed by our seasoned (10+ years) CA/CS.
100% Online Process
What is a Private Limited Company in India?
“A business entity owned by private stakeholders is known as a private limited company. The liability arrangement in this instance is limited liability, and a shareholder’s obligation is contingent upon the quantity of shares they own. Due to its many benefits, such as limited liability protection, ease of establishment and maintenance, and independent legal entity status, a private limited company is the most common form of business organization in India. A private limited company needs two directors and at least two members in order to be regarded as a distinct legal entity from its owners.
Definition of Private limited company
Section 2(68) of the Companies Act 2013 defines a private company as follows: “Private company” means a company that has a minimum paid-up share capital as may be prescribed and which, by its articles,—
- (i) restricts the right to transfer its shares;
- (ii) Except in the case of One Person Company, limits the number of its members to two hundred:
Provided that where two or more persons hold one or more shares in a company jointly, they shall, for this clause, be treated as a single member: Provided further that—
- (A) Persons who are in the employment by the company; and
- (B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased,
Shall not be included in the number of members; and
- (iii) prohibits any invitation to the public to subscribe to any company securities.
Documents Required
Passport Size Photograph
PAN Card
Registered Office Proof
Copy of Electricity Bill / Water Bill / Gass Bill
Address Proof
Copy Of Aadhar card
No Objection Certificate
Advantages of Private Limited Company
- Limited Liability (If a private limited company was in financial trouble and had to close, shareholders would not risk losing their personal assets.)
- Beneficial for Startup India Registration (Among the many advantages offered by the Startup India program are trademark registration subsidies and fund-raising opportunities.)
- Simple Transferable Ownership (Joining or leaving the company’s membership is simpler. Transferring ownership is also simpler.)
- Selling the Company (Since the corporation’s value will be determined by the firm rather than the owner, selling the business will be simpler.)
- Unending Succession (The business will stay in operation until it is wound up in compliance with the applicable laws.)
- Raising Funds (According to the Companies Act of 2013, a corporation can raise money more easily than other business structure types by selling shares to the public or accepting deposits from the public.)
- Distinct Property (Being a legal body, a company can own its money and other assets. The company’s assets are not its shareholders’ property.)
- Improved Governance (The Companies Act of 2013 governs businesses, and during their governance, they must adhere to a number of other regulatory requirements.)
- The taxation (Compared to alternative company organization structures, companies are frequently subject to lesser taxes and offer greater taxable benefits.)
- Ability to File a Lawsuit (A business can file a lawsuit in its own name and be sued by others since it is a juristic legal person.)
Process of Registering PVT. Ltd. Company
1. Complete the application and pay the appropriate amount.
2. The specialists will call you back after payment and take appropriate action.
3. There will be a draft of the procedure for registering a PVT LTD corporation.
4. The DSC and DIN Number will be applied for.
5. The next documents that must be submitted for approval are the AOA and MOA.
6. After that, all paperwork is forwarded to the relevant state’s Registrar of Companies (ROC) for incorporation and registration.
7. After everything is finished, registering a business is merely a matter of time.
8. The document is delivered to the individual following the private limited company’s registration.
Price
Standard
₹14999
- Private Limited (Pvt.Ltd) Company Registration(Government Fee included)
- Udyam Registration
Combo
₹29999
- Private Limited (Pvt.Ltd) Company Registration(Government Fee included)
- One Year All Compliance Filling(Government Fee Included)
- Udyam Registration
