If you’d like to enjoy your company as a private entity, private limited company registration is an ideal choice. Usually, the shareholders take the responsibility of liabilities equally to safeguard their assets. In these companies, the net capital is the total shares held by each shareholder. Unlike many other companies, the private limited company shares aren’t eligible to trade or transfer publicly. As per the Companies Act of 2013, an enterprise is said to be a private limited company if it meets the following criteria. It should consist of at least two directors and utmost fifteen directors. One director must be an Indian resident. The minimum and maximum shareholders of the company should be two and 200, respectively. It should possess a reliable capital fee of a minimum of ₹1,00,000. It should have a registered office address within India. Required Documents for Registration The essential documents required for the company registration under Private Limited Company are as follows: PAN card of all company directors Electricity and water bills of the company Passport size photo IDs of all directors Directors Aadhar card/Voter Id card Property documents Rental agreements Authorization letter from the landowners Step-by-step Guide to Private Limited Company Registration Process Initially, directors should apply for the digital signature and DPIN (Director PIN assigned by the MCA). Select any three names for your company and provide them to the MCA. Then, MCA chooses any one of them. Submit MOC and AOA. Get a company establishment certificate as legal proof for your business, where you can also get a CIN number. Finally, apply for the PAN, TAN, and Bank accounts, submitting the necessary documents such as MOA, AOA, and PAN.

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