PRIVATE LIMITED COMPANY INCORPORATION

“Incorporate With Confidence Build With Trust”

Our expert consultation ensures a seamless Private Limited Company incorporation process, tailored to your needs.

Incorporating a Private Limited Company (PLC) is the foundation of a structured and professional business. It ensures limited liability, scalability, and credibility, making it the ideal choice for entrepreneurs and startups aiming for growth and stability.

Why is Private Limited Company Incorporation Important?

Limited Liability: Personal assets are protected from business liabilities.
Business Credibility: Enhances trust among investors, clients, and stakeholders.
Tax Advantages: Access to deductions and exemptions for registered companies.
Fundraising Capability: Attracts venture capitalists and angel investors.
Separate Legal Entity: The company exists independently of its owners.

Who Should Opt for Private Limited Company Incorporation?

Entrepreneurs launching a new venture.
Startups planning to scale operations or raise funds.
Small businesses seeking formalization and professional recognition.

Eligibility Criteria for Private Limited Company Incorporation

Directors and Members: Minimum 2 directors and shareholders (can be the same individuals).
Resident Requirement: At least one director must be a resident of India.
Unique Company Name: The proposed name must not infringe on trademarks or existing businesses.
Office Address: A registered office for correspondence.

Documents Required for Private Limited Company Incorporation

Identity Proof: PAN card, Aadhaar card, or passport of directors and shareholders.
Address Proof: Utility bill or rental agreement of the registered office.
Digital Signature Certificate (DSC): For directors and shareholders to sign documents electronically.
Director Identification Number (DIN): Mandatory for all directors.
Memorandum and Articles of Association (MOA & AOA): Outlining the company’s objectives and rules.
NOC from Property Owner: For rented premises.

Steps for Private Limited Company Incorporation

- Name Reservation: Select a unique name and apply through the RUN (Reserve Unique Name) service.
- Obtain DSC and DIN: Get digital signatures and identification numbers for all directors.
- Draft MOA and AOA: Define the company’s goals and governance structure.
- File Incorporation Application: Submit SPICe+ form on the MCA portal along with required documents.
- Approval and Certification: Receive the Certificate of Incorporation from the Registrar of Companies.

Types of Private Limited Companies in India

Limited by Shares: The liability of members is limited to their share capital.
Limited by Guarantee: Liability is limited to the amount each member guarantees.
Unlimited Liability: No limit to members’ liabilities.

Importance of Incorporating a Private Limited Company

Professional Identity: Establishes trust and credibility.
Ownership and Control: Allows shared decision-making while protecting shareholders’ interests.
Growth and Expansion: Facilitates investments and partnerships.
Legal Safeguard: Shields personal assets against business risks.

Conclusion

Incorporating a Private Limited Company is a strategic step to formalize your business, attract investments, and establish a professional identity. It ensures long-term growth and provides a solid foundation for success.

FAQs on Private Limited Company Incorporation

How many directors are required to incorporate a private limited company?

A minimum of two directors is required.

Can a foreign national become a director in an Indian private limited company?

Yes, foreign nationals can be directors, provided at least one director is an Indian resident.

Is there a minimum capital requirement?

No, companies can start with any authorized capital; there is no minimum limit.

How long does the incorporation process take?

Typically, it takes 7–10 working days, depending on document submission and approvals.