Private Limited Company
Pvt Ltd registration for Private Companies, it is incorporated under the provisions of Companies Act 2013. Being immensely popular, it is one of the most incorporated forms of the company. Hemant Shah & Associates LLP is your one stop solution for Pvt Ltd Registration in Pune, Delhi and Chandigarh
The salient features of a Private Company are as follows:
- Minimum of 2 Directors and maximum of 15 Directors
- Minimum of 2 Shareholders and maximum of 200 Shareholders are important to complete Pvt Ltd registration
- Foreign nationals are also allowed as Directors after obtaining Director Identification Number (DIN)
- At least one Director should be an Indian national.
- Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.1 Lakh (Authorized Capital Fee)
- An Indian address is required for registered office
- Registration is active as long as all annual compliances are met
- Share transfers can be curtailed
- Companies cannot accept deposit from public
- Companies cannot issue shares to public
- Share liabilities are limited to the capital money invested.
- Address and Identity proof mandatory for Directors. PAN card is also mandatory for all Indian nationals.
- Less stipulations and conditions of Companies act in Pvt Ltd registration when compared with Public Limited Company