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Private Limited Company Registration
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Private Limited Company Registration
When starting a business, picking the right company structure is quite important. It allows you to streamline various business operations and grow more. If you have a business idea in mind and want to start a business in India, registering your business into a specific type of company is mandatory as per legal compliance (Source).
There are various types of companies that can be registered under the Companies Act, 2013, one of which is a private limited company.
What do you mean by a private limited company?
A private limited company refers to a privately held, legally-recognized business entity that is owned by private stakeholders. The legal terms of this type of company are defined as per Section 2(68) of the Companies Act, 2013. Besides this, it ensures financial transparency and limited liability to the shareholders (in relation to the number of shares held by them).
You should also know that:
- Private limited companies are further classified into different types, be it limited by shares, limited by guarantee, or unlimited companies.
- It can have 200 members at most.
- You can start a private limited company with a minimum of two directors.
Documents required to start a private limited company
You will need the following documents to start a private limited company:
- Identity proof of Indian and foreign directors
- Address proof (Aadhaar card/Driving license/Ration Card/Voter ID)
- Proof of residence (Electricity bill or bank statement)
- Notarized rental agreement
- NOC or No Objection Certificate from the property owner
- Sale deed or property deed copy
The private limited company registration process is completely online, so you don’t even have to leave your home to get your entity registered. At E-TAX HUB INDIA we complete the company registration process within 12 days.
