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A private limited company is a popular way to start a business in India. It offers limited liability and clear ownership limits for shareholders. This makes it a top choice for startups seeking to raise funds from investors. In simple terms, a private limited company is a business owned and run by small and medium-sized enterprises. The liability for the business is limited to what the shareholders own. It can have up to 200 shareholders, and the directors and shareholders can be the same or different individuals. This type of company has its own legal identity separate from its owners, directors, and shareholders. This means it can enter contracts and protect the owner's personal assets from company debts.

How to Register a Private Limited Company Online

Registering a company online is easy with E-StartupIndia professionals. You need at least two people who can act as directors and shareholders in the company. The process involves three simple steps: 1. Step 1: Consult our advisors to understand the documents needed for company registration. 2. Step 2: Get help in choosing a unique company name. 3. Step 3: We'll assist you in filling out the required forms and registering your company with the Ministry of Corporate Affairs (MCA).

Why Choose Private Limited Company Registration?

There are several reasons to choose private limited company registration:

Your company gets listed under MCA records
Personal assets are protected from business liabilities and risks.
The tax rates are lower compared to sole proprietorship businesses.
Directors and shareholders can be separate individuals.
It attracts more customers.
Easier access to bank loans and investments from trustworthy investors.
Provides liability insurance to protect your company’s assets.
Allows for greater capital contribution diversity and stability.
Enhances the potential for growth and expansion.

Eligibility For Online Company Registration

Before registering a private limited company, you must meet certain requirements as per the Companies Act of 2013:

At Least Two Directors
A private limited company must have a minimum of two directors, with a maximum of fifteen. At least one director must be a resident of India. If you can’t find two directors, you can apply for a one-person company registration.
Unique Company Name
Your company’s name must be unique and not similar to existing registered Indian companies or trademarks.
Minimum Capital Contribution
There is no mandatory minimum capital requirement, and you can start with just Rs. 1/- as paid-up capital. However, the company must be registered with a minimum authorized capital of Rs. 1 Lakh.
Registered Office
Your proposed company must have an address within the state where you want to register it. The registered office doesn’t have to be a commercial space; even a rented house can suffice with the landlord’s authorization.

Advantages of Private Limited Company Registration

There are several reasons to choose private limited company registration:

1. It’s preferred by banks, venture capitalists, and investors.

2. Shares are easily transferable among directors and stakeholders.

3. It combines the flexibility of a partnership with the benefits of a public limited company.

4. It has a lower risk of dissolution.

Documents Required for Private Limited Company Registration

The documentation requirements for company registration are straightforward:

Documents for Company Directors

1. Photo identification.

2. PAN (Permanent Account Number).

3. Aadhar card.

4. Address proof.

5. Proof of identity.

Documents for the Company’s Registered Office Address

1. The latest utility bill (electricity or other) in the owner’s name.

2. A rental agreement between the owner and the company promoter.

3. A No Objection Certificate (NOC) from the owner if the owner is also the company’s promoter.

Acceptable Address Proof: Bank statements, electricity bills, telephone bills, mobile bills (not older than two months).

Acceptable Proof of Identity: Driver’s license, voter ID card, passport (any one of these).

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