The most popular form of corporate legal entity in India is a Private Limited Company. Companies Act, 2013 along with Companies Incorporation Rules, 2014 governs a Private Limited Company. In order to register a private limited company, you will require a minimum of two directors and shareholders.  The shareholder's liability extends here only to the limit of shares held by each of them. Beyond the value of shares, no shareholders can be held liable.

A Private Limited Company has been explained under Section 2(68) of the Act, as a company:

1. That has a share capital as prescribed.
2. The right to transfer the shares has been restricted.
3. Only 200 members are permitted.
4. Restricts public invitation to subscribe for any securities.

Essential Components to Register a Private Limited Company

The essential elements to register a private limited company are as follows:

1.Directors and Members

• There should be a minimum of two and a maximum of 200 members in a private limited company.
• All the directors must have a DIN (Director Identification Number).
• The Director should be a resident of India. The residing period of the director must be not less than 182 days in the previous calendar year.

2.Company Name

To register a private Limited Company mention 'Pvt. Ltd company' at the end of the main name.

3.Registered Proper Office Address

After registering the company, you need to mention your registered office address with ROC.

4.Get Other Essential Documents

You must obtain a DSC or Digital Signature Certificate. For many other activities, you must obtain certifications of CA, CS or Cost Accountant.

Documents Needed to Register a Private Limited Company

The requisite documents to register a private limited company are as follows:

1. Identity Proof such as PAN Card, Passport of the Directors etc.
2. Address Proof: Aadhar Card, Ration Card, Driving License or Voter Id.
3. Residence Proof: Electricity Bill or Bank Statement.
4. Rental Agreement (notarized).
5. NOC from the owner of the property.
6. A copy of the property deed or sale deed.

Process to Register a Private Limited Company

After finalizing the company's name, you must follow the below-mentioned steps to register a private limited company:

1. Make an Application for Digital Signature Certificate or DSC.
2. Apply to get Director Identification Number or DIN.
3. Check and apply for the name if available.
4. File MOA and AOA to register a private limited company.
5. Apply for the PAN and TAN.
6. ROC with PAN and TAN will issue a certificate of incorporation.
7. In the name of the company open a current bank account.

 Conclusion

To incorporate a firm you must first register your company. Also, you must get several licenses after you start a company, such as GST registration or sales tax registration to name a few. Hence, avail of our best services to register a private limited company and we will help you sail through the process easily. 

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