Private Limited Company
A private limited company is a business entity where ownership is restricted to a small number of shareholders, and shares cannot be publicly traded. Here the shareholder liability is limited to their investment in the company and can have up to 200 shareholders. The shares are not publicly traded. The company’s registration and operations are governed by the Register of Companies (ROC). The directors have to submit their Director Identification Number (DIN) and Digital Signature Certificate (DSC) for incorporation. Documents like the Memorandum of Association (MoA) and Articles of Association (AoA) have to be submitted in the MCA portal. Post registration, the Ministry of Corporate Affairs (MCA)will provide the incorporation certificate and will display the company’s details on the website.
Advantages of Registering as a Private Limited Company
One of the major advantages of a private limited company is that it provides a flexible management structure. Apart from this, it also has perpetual succession, which means it has a continued or Perpetual existence until it is legally dissolved. Here are some other benefits of registering as a Private limited company:
Eligibility Criteria for Private Limited Company Online Registration
As per MCA guidelines, a private limited company must be registered with at least two directors and shareholders. While stockholders may be either natural people or corporate entities, directors must be people. Additionally, a registered office address in India is mandatory. The following criterias must be met while filing for private limited company registration:
- The applicant’s minimum age should be eighteen years old
- The applicant must be a citizen or resident of India
- There should be between 200 and 300 members
- Minimum number of Directors or shareholders must be 2
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