Private Company Incorporation

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A Private Limited Company is one of the most popular type of business entity to conduct business. Private Limited Company offers limited liability for its members, easy to maintain and offers greater flexibility while expanding allowing for easier access to bank loans, private equity, etc., In this blog, we look at the steps involved in the formation of a Private Limited Company.
It is registered under Indian Companies Act, 2013 or any previous Companies Act. As the suggested by the term “Limited” in the name itself, the liability of the members i.e. owners is limited to certain extent. Also, there are certain restrictions laid combined with privileges offered. For the registering a Private Limited Company, the concerned Ministry i.e. Ministry of Corporate Affairs (MCA) mandates the process of Incorporation by filing all the required forms on their online platform, which assures the fast and easy process.
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Our comprehensive private company incorporation services help you throughout the process of formation and registration of your company as established in under the Indian Companies Act, 2013 or any other Act.
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Frequently asked questions.

Minimum Two Person: Register your company with at least two persons to act as the initial shareholder & director. The company can have up to 200 shareholders & 15 directors. The same person can become a director as well as a shareholder.

Resident Director: One director of the company should be a resident in India. A Person is known as a Resident Indian when he/she stays in India for over 120 days during the previous financial year. Citizenship is immaterial for this purpose.

Registered Address: For registration of the company, you need to submit the proof of Registered Office & NOC from the owner. You may register a company on a communication address in case of difficulty; however, within 60 days, the company must have its registered address.

Capital Requirement: Invest as per the business's requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty are calculated on the authorized capital and the location of the registered office of the company.

New & Unique Name: The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding name of your startup.

Under the erstwhile Companies Act, 1956, a private company could start its business immediately upon receiving a certificate of incorporation. Private companies do not require to obtain a certificate of commencement of business from concerned Registrar of Companies under section 149 of Companies Act, 1956.

A private limited company must have a minimum of two shareholders. Therefore, 100% of the shares of a private limited company cannot be held by a single person.
With the Companies Amendment Act 2015, there is no minimum requirement of paid-up capital of the Company. That means now Company can be formed with even Rs. 1,000 as paid-up capital.