Firstly we will see that what is the meaning of a private limited company. This is a company that held the business entity privately and that is held by the private stakeholders. The arrangement of any liability is that of a limited partnership where the liability of a shareholder extends only up to the number of shares that are held by them. Generally, the shareholders will not be held liable which is beyond the value of the shares. According to section 2 of the companies act, a private company has the minimum paid-up share capital which is as prescribed- it restricts the right to transfer its shares, in the case of one person company the limited number of members is two hundred and it also prohibits the invitation to the public to subscribe for any securities of the company.

CHARACTERISTICS OF A PRIVATE LIMITED COMPANY:

Now you have understood the meaning of private company so the next step is to know the characteristics of  the private company which are given below:

  • Membership: To start a company, a minimum of two shareholders are required for it but actually it remains a small entity and there is also a maximum number of members which are fixed at 200, and even the two directors are also required to run the company.
  • Limited liability structure: In the private company the liability of any member is limited and in the case of loss, the shareholders are liable to sell the assets for repayment and therefore the personal and the individual assets of the shareholders are not at the risk.
  • Separate legal entity: In the company, there is a separate legal entity and that means if all the members die or the company becomes insolvent or bankrupt then the company will still exist in the eyes of the law. The company’s life will be perpetual and also not affected by the lives of its shareholders or members until and unless it is dissolved by the way of resolution.
  • Minimum paid-up capital: The private company needs to have and maintain the minimum paid-up capital of Rs 1 lakh and it can also go higher.

REQUIREMENTS TO START A PRIVATE LIMITED COMPANY: 

There are many businesses that have different requirements to start the company so the requirements to start this or registering this are given below:

  • Members and directors: If you want to register yourself legally then the private company will show a minimum number of two and a maximum number of 200 members and this is the main requirement which was mandated by the companies act 2013. The directors must know the following conditions:

Each director must have a director identification number which is given by the MCA.

One director should be a resident of India as he or she has stayed in India for not less than 182 days.

  • Name of the company:  The choice of the name of the company is often a technical task and this company is required to cover the aspects while deciding a name which is given below:

Main name

Activity to be carried out

Mention the private limited company at the end.

  • Registered office address: As the company has been registered, so mow the permanent address of the registered office will be filed with the registrar of the company.
  • Obtaining other documents: If you are submitting the documents through electronic mode then every company should obtain a digital signature certificate which has been used to verify the authenticity of the documents.

IMPORTANT DOCUMENTS REQUIRED FOR THE PRIVATE LIMITED COMPANY REGISTRATION:

The documents which are required for the  private limited company registration are as:

  • ID PROOF: It requires the PAN card and the passport of Indian and foreign directors respectively.
  • ADDRESS PROOFS: It also requires the ration card or an aadhar card or the driver’s license or the voter ID.
  • RESIDENCE PROOFS: To do the registration they also required the bank statement or an electricity bill of the premises.
  • A copy of the sale deed or the property deed is also required for the private limited company registration.

HOW TO DO THE PRIVATE LIMITED COMPANY REGISTRATION?

To do the private limited company registration you need to follow some steps which are described below:

  1. Firstly you need to apply for the DSC ( digital signature certificate)
  2. Then you need to apply for the DIN (director identification number)
  3. Then you have to apply for the availability of the name
  4. Then you need to file the EMoa and EAOA to do the private limited company registration.
  5. After that you have to apply for the PAN and TAN of the company
  6. After doing the above step you will be issued the certificate of incorporation which will be given by the RoC with PAN and TAN.
  7. At last you have to open a current bank account in the company name.

So by following this, you can easily start your own private limited company and it’s also advised to always consult with the right people and make the best choice for the smooth growth.

DOCUMENTS REQUIRED TO DO THE TRADEMARK REGISTRATION ONLINE:

The documents which are required to do the trademark registration online are such as:

  • Applicant’s name
  • Business type
  • Business objectives
  • Brand/logo/slogan name
  • Registration address

These are the things which are required for some details.

The documents required are:

  • Signed form-48 is required
  • Identification proof of the signatory is also required
  • Address proof of the person who has signed is also required
  • Business proof is also required which will depend on the type of business

CONCLUSION:

From the above article, we can conclude that starting a private limited company, the process is not easy. Because firstly you need to know the meaning of the private limited company, their features and so on. After that, you need to know that what things are required for it and what documents are required to do the company registration online.