company pvt​

 

Company Pvt: Everything You Need to Know About Private Limited Companies in India

When it comes to starting a business in India, one of the most popular and reliable business structures is the Private Limited Company, commonly referred to as Company Pvt. Favoured by startups, small businesses, and even growing enterprises, this structure offers legal protection, credibility, and growth potential.

In this blog, we’ll explore what a Private Limited Company is, why it’s a preferred choice, and how you can start one in India.

✅ What is a Private Limited Company?

A Private Limited Company (Pvt Ltd) is a type of business entity registered under the Companies Act, 2013 with the Ministry of Corporate Affairs (MCA). It is a separate legal entity from its owners and offers limited liability to its shareholders.

This means the company’s financial liabilities are not personally borne by the owners. The company can enter into contracts, own assets, and sue or be sued independently of its shareholders.

📌 Key Features of a Company Pvt

FeatureDescription
Legal IdentitySeparate from its shareholders and directors
Limited LiabilityShareholders are only liable for unpaid share capital
Minimum Directors2 (At least one must be an Indian resident)
Minimum Shareholders2 (Maximum 200 allowed)
Company NameMust end with “Private Limited”
TransferabilityShares can be transferred, but with restrictions
Perpetual SuccessionCompany continues even if directors or shareholders change

🧾 Why Choose a Private Limited Company?

  • Limited risk exposure to personal assets

  • Preferred by investors and VCs

  • More credibility with banks and customers

  • Easier to raise capital compared to proprietorships or partnerships

  • Eligible for Startup India registration and tax benefits

📝 How to Register a Pvt Ltd Company in India

Here’s a simplified process:

1. Get Digital Signature Certificate (DSC)

All directors must get a DSC to sign forms online.

2. Apply for Director Identification Number (DIN)

DIN is needed for each director. It can be applied through the SPICe+ form.

3. Reserve a Unique Company Name

Use SPICe+ Part A on the MCA portal to propose a name.

4. File SPICe+ Part B

This form includes all company details, capital, directors, and registered office.

5. Attach Documents

Submit ID/address proof of directors and address proof of the registered office.

6. Pay Govt. Fees and Stamp Duty

Fees vary based on authorised capital and state of registration.

7. Receive Certificate of Incorporation

Once approved, the ROC issues your CIN, PAN, and TAN.

📄 Documents Required

  • PAN & Aadhaar of directors

  • Passport (if foreign national)

  • Address proof (utility bill/rent agreement)

  • Passport-size photos

  • NOC from property owner (if rented premises)

💰 Cost of Registration

ExpenseApprox. Cost (INR)
Govt. fees & stamp duty₹1,000 – ₹1,500
DSC per director₹800 – ₹1,000
Professional fees (if hired)₹5,000 – ₹10,000
Total Cost₹6,000 – ₹12,000+

🔍 Final Thoughts

For more information, kindly contact our advisor:


Mr. Parveen Sundriyal

📞 Mobile / WhatsApp: +91 95991 24163

📧 Email: consult@corpzo.com

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