WHAT IS PRIVATE LIMITED COMPANY INCORPORATION?
In India, the most common and widely used kind of business legal entity is the private limited company. Two directors are necessary to register a private limited corporation. A private limited company's unique characteristics, such as limited liability protection for shareholders, the ability to raise equity funds, separate legal entity status, and perpetual existence, make it the most recommended type of business entity for millions of small and medium-sized businesses that are family owned or professionally managed.
In India, the most common and widely used kind of business legal entity is the private limited company. The registration of a private limited company is controlled by the Ministry of Corporate Affairs, the Companies Act of 2013, and the Companies Incorporation Rules of 2014. A minimum of two shareholders and two directors are required to register a private limited company. A natural person can serve as both a director and a shareholder, but a corporate legal entity can only serve as a shareholder. Furthermore, foreign persons, foreign corporate organisations, or non-resident Indians (NRIs) are permitted to serve as Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred entity for foreign promoters.
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