About Private limited company registration:

Private Limited Company is the most popular and prevalent type of corporate legal entity in India. Private limited company certification is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.

Unique features of a private limited company like limited liability protection to stockholders, separate legal entity status, ability to raise equity funds and perpetual existence make it the most recommended type of work entity for millions of small and medium sized businesses that are family owned or professionally managed.

Members- For Private Limited Company Registration in India, at least 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.

Limited Liability– The liability of each shareholder or members is limited. It means that if a company faces loss under any circumstances, then its stockholders are liable to sell their own assets for payment. The personal, individual assets of the stockholders are not at risk.

Perpetual succession– The company keeps on existing in the eyes of law even in the case of insolvency, death, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing always.

Number of directors- A private company must have two directors. With the existence of 2 directors, a private company can come into action.

Paid up capital- It should have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.

Requirements of Pvt ltd Company Registration in India:

Members- At least two members and a maximum number of 200 members or shareholders are required as per the companies’ act 2013 before registration of the company.

Directors- At least two directors are required for registering the private limited company. Each of the directors should have DIN i.e. director identification number which is allotted by the ministry of corporate affairs. One of the directors must be a resident of India which means she/he should have stayed in India for not less than 182 days in a previous calendar year.

Name- It is one of the main criteria for a private limited company. It is mandatory for all private company to use the word “private limited” at the end of its company name. Every company has to send 3-4 names for approval to the registrar of the company, and all the names should be unique and expressive. The name for approval should not be similar with any other company’s name. So, choosing the right company name is a valuable component is it will stay with the company throughout its life.

Office address- While going for the certification of the company, the owner should grant the temporary address of the company until it does not get register. However, when the company has been registered then its permanent address of its registered place should be suited with the registrar of the company. The Registered place of the company is where companies’ main affairs are being conducted and where all the documents are placed.

Obtaining digital signature certificate- In this modern world everything is done online. All certificates are submitted online and for that, every company must obtain a digital signature certificate which is used to verify the authenticity of the documents. A digital signature is acquired by all the directors.

Professional certification- For incorporating a private limited company professionals are mandatory. professional such as Chartered accountant is required for certification at the time of company incorporation.

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