Private Limited Company Registration in India:
- Limited liability protection for shareholders, safeguarding personal assets.
- Distinct legal entity with its own identity, capable of owning property and engaging in contracts.
- Requires a minimum of two shareholders and two directors, with at least one Indian resident director.
- Minimum paid-up capital of Rs. 1 lakh or higher as specified.
- Name must end with “Private Limited.”
- Restrictions on share transfer, requiring board approval or following Articles of Association.
- Prohibited from public invitation for share subscription.
- Mandatory compliance with various legal and regulatory obligations.
- Advantages include ease of funding, tax benefits, and credibility.
- Disadvantages include compliance burden, complex setup, and share transfer restrictions.
- Registration involves acquiring Digital Signature Certificate, Director Identification Number, and submission of incorporation forms.
- IndiaFilings offers professional assistance for seamless registration, ensuring compliance with MCA regulations.
