Private limited company :

The majority of new companies registered in the India are companies limited by shares- Private limited company. This is the standard business structure in India for any business which has been formed with the intention of generating profit for the owners of the business with limited liability. This structure is popular because it allows the sharing of profits amongst the shareholders and also limited financial liability. The shareholders are only responsible for company debts up to the value of the shares they hold in the company. 

Private limited company registration:

Private Limited Company registration can be done in India with minimum number of 2 shareholders and maximum limit is 200 shareholders. And it requires minimum two directors, and with minimum share capital. A private limited company has the limited liability and separate legal entity. Private Limited Company is a legal business entity that is registered and governed by the laws and rules laid down in the companies act 2013.

Documents for private limited company Registration in India

 Documents required for directors & shareholders

1. Copy of pan card

2. Copy of ID proof – (Voter's ID/Passport/Driver's License)

3. Copy of address proof – (Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill)

4. Passport Size Photograph – 4 NOS

      WHAT IS DIRECTORIDENTIFICATION NUMBER (DIN)?

Any person intending to become director in a company must apply for director identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN. If the documents are in order, the DIN is approved within 3-4 days. The approved DIN is valid for life and the same DIN can be used by the director, even if he/she has directorship in more than one company.

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