Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.
DigiBc, your trusted legal advisor, provides a cost-effective company registration service in India. You may learn how to register your business here. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.
Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:
-Shield from personal liability and protects from other risks and losses
-Attract more customers
-Procure bank credits and good investment from reliable investors with ease
-Offers liability protection to protect your company’s assets
-Greater capital contribution and greater stability
-Increases the potential to grow big and expand
As defined by the Companies Act 2013, we must guarantee that the checklist requirements are met.
A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company's directors must be a resident of India.
The name of your pvt ltd company must be unique. The suggested name should not match with any existing companies or trademarks in India.
There is no minimum capital amount for a pvt ltd company.. A pvt limited company should have an authorized capital of at least ₹1 lakh.
The registered office of a pvt ltd company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.