๐๐ฎ๐ข๐๐ ๐จ๐ง ๐๐ซ๐ข๐ฏ๐๐ญ๐ ๐๐ข๐ฆ๐ข๐ญ๐๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐๐ ๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ง๐๐ข๐
Are you considering starting a Private Limited Company in India? Hereโs a concise guide to help you understand the process and benefits!
What is a Private Limited Company? A Private Limited Company is a business entity owned by a group of individuals, sharing ownership through shares that cannot be publicly traded.
With up to 200 members, it operates as a separate legal entity from its owners, ensuring distinct legal identity and ownership flexibility.
๐๐ฒ๐ฉ๐๐ฌ ๐จ๐ ๐๐ซ๐ข๐ฏ๐๐ญ๐ ๐๐ข๐ฆ๐ข๐ญ๐๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Company Limited by Shares: Liability is limited to the unpaid amount on shares.
Company Limited by Guarantee: Members act as guarantors without share capital.
Unlimited Company: No limit on member liability.
๐๐๐ ๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐๐๐ฌ๐ฌ:
Obtain a Digital Signature Certificate (DSC) for directors.
Acquire a Director Identification Number (DIN).
Prepare and upload identity and address proofs.
Draft and sign the Memorandum of Association (MOA) and Articles of Association (AOA).
Reserve the company name via the Reserve Unique Name (RUN) system.
Apply for PAN and TAN.
Open a bank account.
๐๐๐ช๐ฎ๐ข๐ซ๐๐ ๐๐จ๐๐ฎ๐ฆ๐๐ง๐ญ๐ฌ:
Identity proofs (Aadhar, PAN, Driving License) and address proofs (Passport, Voter ID) of all directors and shareholders.
Bank statements or passbooks.
Passport-size photos.
Digital Signature Certificate (DSC).
Director Identification Number (DIN).
Memorandum of Association (MOA) and Articles of Association (AOA).
Registering a Private Limited Company in India ensures compliance with legal and operational standards. With its many advantages, including a distinct legal identity and ownership flexibility, it remains a preferred choice for entrepreneurs and small business owners.