Private Limited Company Registration: Complete Guide#
What is a Private Limited Company?#
A Private Limited Company is the most popular business structure in India with limited liability and separate legal entity status.
Key Features#
- Minimum 2 shareholders
- Maximum 200 shareholders
- Limited liability
- Separate legal entity
- Perpetual existence
Minimum Requirements#
Minimum Statutory Requirements
- 2 Directors (at least one must be an Indian Resident)
- 2 Shareholders (Directors can also be shareholders)
- ₹1 Lakh Authorized Share Capital
- Registered office address in India
Registration Process#
Incorporation Process Timeline
Obtain Digital Signatures (DSC)
Apply for Class 3 Digital Signature Certificates for all proposed directors, required for filing e-forms on MCA.
Apply for DIN
Obtain Director Identification Number for all directors (can now be done alongside incorporation in SPICe+).
Name Approval (RUN)
Submit up to 2 preferred names through the MCA portal. Approval is subject to availability and naming guidelines.
Submit Incorporation Forms
File the SPICe+ form along with drafted MOA, AOA, agile pro for GST, and bank account opening.
Receive Incorporation Certificate
Upon successful verification by ROC, receive the Certificate of Incorporation (COI), PAN, and TAN.
Documents Required#
Mandatory Document Checklist
0 / 5Timeline#
Estimated Timeline
- Name approval: 2-3 working days
- Incorporation Certificate: 7-10 working days
- Total expected time is around 10-15 days subject to ROC processing.
Conclusion#
Private Limited Company offers credibility and protection for business owners.