Private Limited Company
Is a form of company which is closely held by Family, relatives or Friends and is the most popular type of business entity in India due to various flexibilities. A Private Limited Company needs to have Minimum 2 Directors and 2 Shareholders. The Persons holding shares can also act as Directors. Further No requirement of Minimum share Capital.
Features of Private Limited Company
Process of Registration / Incorporation of Private Limited Company
- No minimum capital required.
- Minimum 2 Directors.
- Minimum 2 and maximum 200 members
- Separate Legal Existence
- Limited Liability
- Separation of Ownership and Management
- Perpetual Succession
- Having Borrowing capacity
- Easy Transferability
- Name search.
- Name application.
- Obtaining Name Approval certificate.
- Obtaining Digital Signature.
- Preparation of all Legal documentation.
- Application for DIN & Incorporation
- Obtaining Certificate of Incorporation, PAN, TAN, Bank Account, GST, ESIC, EPFO and Profession Tax Registration (only for Maharashtra State)