A Private Limited Company is a business entity that is registered for pre-defined objects and owned by a group of members called shareholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure
Pre-requisites of a Private Limited Company
- There must be minimum 2 directors (must be natural person)
- There must be minimum 2 shareholders (both directors and shareholders can be same person)
- The name must contain “Private Limited” at the end.
Process for Private Limited Company Registration
- Step 1: Application of Digital Signature Certificate
- Step 2: Reservation of name by making application through RUN
- Step 3: Drafting of MoA,AoA and other documents
- Step 4: Application for Company Registration through e-Form SPICe with SPICe MOA and AOA.
To know more read on Private Limited Company Registration Process