What Does A Private Limited Company Mean?

Many business owners prefer to get a private company registration status in India. A Private Limited Company is a form of business entity with at least two members and utmost 50 members. All the members called directors have a limited obligation towards the liabilities of the company. Directors, in normal situations, are not personally liable in case of default in external loan repayments.

Private Limited Company registration means registering the company with Registrar of Companies (ROC) as per the provisions outlined in the Companies Act, 2013. The status of a private limited company can give your business the needed flexibility and boost to expand. Many start-up ventures prefer to get a Private Limited Company registration as early as possible.

Benefits of a Private Limited Company Registration

Very few people are aware that registering for a Private Limited Company has its own benefits. Some of them are the following:

• Limited liability of members

• Allows creation of a distinct legal entity

• Reduced compliances in contrast to Public Limited Company

• Enjoy preferences from financial entities for loans over proprietorships and partnerships

• Easier to register and manage

• Gives the perpetual succession ability

• Generating more capital is simpler

Want to learn more benefits? not sure if you are eligible to register for a Private Limited Company Registration?

Get a free consultation from our legal experts and ensure your eligibility now.

What are the documents needed for Private Limited Company Registration?

You might be required to submit the following documents during the process of Private Limited Company Registration:

• Complete information about business

• Address of business office

• ID proofs of shareholders

• Address proofs of the shareholders

• Copies of the latest electricity and landline bills of the registered office

• NOC from the landlord, in case the office is situated on a rented property

• MOA and AOA subscriber sheets

• Nationality proof of the shareholders

Hskdocs ensures that your Private Limited Company Registration is secured without errors and loopholes, with:

• Hands-on assistance while filling application forms

• Complete legal assistance during the processing and submission of required documents

• Submission of payments and other requirements through online or offline portals

• Approving and proofreading all the information on your behalf

• Ensuring guaranteed delivery and approval of the application to the government

• Resolution of all your queries and doubts throughout the process