A private limited company in India is governed under the Ministry of corporate affairs (MCA). Registering a company is easy through IndiaFilings, as it is done completely online. To register a company in India a minimum of two people are required to act as directors and shareholders. To register a Private limited company in India the Director's PAN card, address proof, and the bank statement are required with the address proof of the registered office.
A company having a minimum paid-up share capital as may be prescribed, and which by its articles,
It is highly recommendable to get a private limited company registration as this type of company offers limited liability to the shareholders with certain restrictions that are placed on the ownership.
Private Limited Company is the most popular type of business entity in India. Over 20 lakh companies have been registered in India as of October 2020 and 12 lakh companies are classified as active. All companies registered in India are governed by the MCA (Ministry of Corporate Affairs) under the Companies Act, 2013.
No of Shareholders | 2 individuals |
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No of Directors | 2 individuals ( Can be 3) |
Authorized Capital | Rs. 1 lakh minimum |
Paid-up capital | Rs. 10,000 |
NOTE: This is just a primary requirement the no of directors can be increased to 15 and the number of shareholders can be increased to 200.
Identity proof the 2 Directors and submit the documents that are mentioned below:
PAN Card: PAN Card copy of the proposed Directors of the Company will be required for Company Registration.
Address Proof: The address proof submitted must have the name of the Director as mentioned in the PAN Card and the most current address of the Director.
Residential Proof: The residential proof must also contain the name of the Director as mentioned in the PAN Card and must not be older than two months.
Registered Office Proof: In addition to providing identity, address, and residential address for the Directors, proof must be provided to validate the registered office address of the Company.
In addition to the above, the following must also be provided as proof of registered office: