Private Limited Company in India
The private limited companies are certainly among the top three forms of companies which have been registered and well-established through ours comprehensive support in all across India and other countries worldwide, for doing businesses in various economic fields.
Our well-founded and ambitious legal organization is a full-service law firm which has been offering expert and responsible legal services in all major disciplines of the law, to Indian and global people, companies, and firms. In ours this highly fertile and profitable webpage, being provided is detailed information about the registration of the private limited company in India, on behalf of Indian and foreign individuals and companies.
As in other countries of the world, the private limited companies are rather popular and highly preferred in all across India, for business establishment in any desired field, anywhere in the whole country. For making foreign direct investment also in India by means of a wholly-owned subsidiary, commonly chosen is the form of a private limited company by investors belonging to countries worldwide.
The mandatory legal requirements for pvt ltd company registration in India are separately described in the section below. Here, it may be kindly added that, a private limited company is run and managed privately by its members or directors, and cannot offer its shares to the outside public investors. Again, as a private limited company is not authorized to trade on the stock exchanges and sell its shares to public, there are lesser disclosures to be made by such a company, as compared to the public limited companies.
Legal Requirements for Pvt. Ltd. Company Registration
The immediately concerned office for registration of a private limited company in India, is the office of the relevant Registrar of Companies (ROC), based on the selected place of location of the proposed company. And, all requirements, rules, procedures, and regulations for company registration are bound to comply with the rules and provisions given in the New Companies Act, 2013.
Vital, and most significant legal requirements for pvt ltd company registration in India, are the following:- Perfect formation of a private limited company, selection of directors, and choosing the location of the company. For formation of a private limited company, there are essentially needed at least two partners and two directors; any two partners could be the two directors. Again, the minimum magnitude of the required paid-up capital must be INR-One Lakh, to be showed at the time of company incorporation.
- Making of The Director Identification Numbers (DINs) and the Digital Signature Certificate (DSC), with the help of the Ministry of Corporate Affairs (MCA), the Central Govt. of India.
- Obtaining approval to any of the proposed names of the company by the ROC, through the Form INC - 1.
- Filing Form INC - 7 for registration of the company with the approved name, with the ROC, along with the MOA and AOA of the company.
- Submitting the completed Form INC - 22 and the Form DIR - 12, to the ROC.
- Then, making some necessary prosecution for company registration, and then obtaining the certificate of company incorporation and Certificate of Commencement of Business.