Start your Business as a Private Limited Company
Public Limited Company is a limited liability corporate entity established with minimum two directors and shareholders, whose shares are held by private investors. This form of company is the most ideal form of business entity in India for startups and investors. In India PLCs are governed by Companies Act of 2013, and Ministry of Corporate Affairs.
Attributes of a Private Limited Company
- Ownership defined by share capital
- Compulsion for directors to have DIN
- Eligible to avail Startup India scheme
- Easy equity, preference and debt funding
- Predefined MOA with objects and powers
- Predefined AOA with rules and regulations
- Transferable ownership and management
- Expensive to maintain than partnership firms
- Liability of directors and members is restricted
- Separate legal existence and perpetual succession
- Maximum limit of 15 Directors and 200 Shareholders
- Lower Compliance requirements than public limited companies
- Greater Operational requirements than limited liability partnerships
Pre-requisite Documents required for Registration
- Photograph of all shareholders and directors
- PAN Card copy of all shareholders and directors
- ID Proof copy of all shareholders and directors
- Address Proof copy of all shareholders and directors
- Active DIN and Digital Signature of directors
- Address Proof copy of registered office
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Our Registration Process Inclusions
- Registration related consultancy
- Collection of basic information and documents
- Obtaining DIN and Digital Signatures
- Attaining approval for Company Name
- Drafting MOA, AOA and required documents
- Obtaining Pan Card of firm for filing process
- Stamp and Notarization of necessary documents
- Preparation and filing of registration forms
- Procurement of certificate of incorporation