About the service
Set up Your Dream Private Limited Company with Bizwords Registration of company includes Government Fees and Stamp Duty.
Eligibility to form a Private Limited Company
Number of Directors- Minimum 2 and Maximum 15 Number of shareholders- Minimum 2 and maximum 200. One person can act as both director and a shareholder. At least one director should be Indian Citizen.
Documents required to form a Private Limited Company
For Directors/Shareholders: Passport sized photograph Copy of PAN Card Copy of Aadhar Card Id Proof such as Passport, Voter Id, Driving License Address Proof (Bank Statement, Electricity Bill, Telephone Bill) Address Proof For Registered Office: Utility Bill (Electricity Bill, Gas Bill, House Tax etc). NOC(from the owners – if the premises is rented).
Compliances for a Private Limited Company in India
2 board meetings every year with a minimum of 2 directors or 1/3 of the total number of directors. The minutes must be documented. An AGM is to be held every year and there should be a 15-month gap between each of the two AGMs. Appointment of an auditor within 15 days of incorporation by means of Form ADT-1 on the agenda. Financial Accounts are to be Audited by a Statutory Auditor every year Filing of Form MGT-7 Filing of Financial Statement (Form AOC-4) Income Tax Return Filing
About Private Limited Company
A private limited company is a business entity in "private" ownership. Members’ contribution constitute the registered capital in a Private Limited Company and the liability of the members is limited to the amount of their registered capital which is amount of shares held by them. Shares of a Private Limited Company cannot be publically traded. Characteristics of Private Limited Company: Members - A minimum of 2 members and a maximum of 200 members are required to form a company as stipulated by the Companies Act 2013. Limited Liability - The liability of each member or shareholder is limited to the amount of their registered capital which is amount of shares held by them. This means shareholders' personal and individual assets are not at risk. Perpetual succession - The company continues to exist before the law even if one of its members dies, company becomes insolvent or goes bankrupt. The life of a company lasts forever. Number of Directors and Shareholders - A private companies need minimum two which can be maximum upto 15 directors. In Case of shareholders, a Private Limited Company nees minimum two shareholders which can be maximum upto 200 shareholders. Name - All private companies must use the word Private Limited after their name Registered Office Address – During company registration, the owner may provide a temporary company address until the company is registered. After a company is registered, its registered office must be updated with the registrar of the company. A company's registered office is where the company's main affairs are conducted and all documents are kept.
A private limited company is the most prevalent type of company in India and is governed by the Ministry of Corporate Affairs. Minimum 2 members and 2 Directors are required to register a Private Limited Company. The liability of shareholders in a Private Limited company is limited by certain restrictions. Minimum Rs. 1 Lakh Authorized Capital and Paid-up Capital Rs. 10000 is required for registering a Private Limited Company.
Authorized capital is the value of equity shares that can be issued at maximum by a company.
Paid-up capital is the amount of shares that are issued by the company to the shareholders.
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Private Limited Company
UP TO 36% OFF
₹ 15000 ₹ 9500