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Private Limited Company

Overview
Characterstics
Advantages
Disadvantages
Process
Documents Required

Process

  • Apply for DSC (Digital Signature Certificate)


  • Apply for the DIN (Director Identification Number)


  • Apply for the name availability


  • File the EMoa and EAOA to register the private limited company


  • Apply for the PAN and TAN of the company


  • Certificate of incorporation will be issued by RoC with PAN and TAN


  • Open a current bank account on the company name


  • File commencement of business. 

Overview

Section 2 (68) of the Companies Act, 2013 defines a private company as:


“A Company having a minimum paid-up share capital as may be prescribed, and which by its articles,— 


(i) restricts the right to transfer its shares; 


(ii) except in case of One Person Company, limits the number of its members to two hundred;


 (iii) prohibits any invitation to the public to subscribe for any securities of the company.”


Simply, a company in which shares can not be bought by common public at large ( ie not more than 200 people) 


Such company affix word as PVT LTD at end of thier name such as 


Marriott Hotels India Pvt. Ltd. 

American Express (India) Private Limited


Pvt ltd companies are first choice for every start up in India. 


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