Private Limited Company Registration
Ideal for start-ups going for funding & growing business
Starting At Rs. 5,999
(Takes 10-20 days)
Company Registration Online
Procedure For Company Registration
Registering a Company is quick, easy, and can be done online with Legalraahi in 5 simple steps:
What is Private limited company?
Private Limited Company registration is one of the most popular forms of a “legal structure” for all organizations in India. A private limited company can have at least two members with a maximum limit of fifty members. The directors of a private limited company have limited liability to their creditors. In case of a default, banks/creditors can just sell the company’s assets but they do not have any right to sell the personal assets of the company’s directors. If you are planning to start an organization in India, do ensure that your organization/company is registered under “Company Registration” as this is the first and foremost step. It is very essential to enroll your company as a registered company, as it includes many advantages such as “it is easy to register and also easy to dissolve”.
Start-ups and developing organizations are inclined towards the structure of a “Private limited company” because it allows to easily raise money, through outside funding and it also limits the liabilities of its investors.
Private Limited Company Registration is now easily possible through “LegalRaahi (A company registration specialist)”, which is located in “Delhi NCR, Bengaluru, Mumbai, Chennai, and other Indian cities.” If you are planning to register your own company then you can totally depend on “LegalRaahi (A company registration specialist)”. We will assist you with the company formation procedure at each and every step and all your queries will be resolved by our experts.
Private Limited Company Benefits
- It is adaptable and has limited liability
- Better capital contribution along with better strength.
- Possibility to grow big and expand
Advantages Of Private Limited Company?
There are different reasons to settle a private limited company:
- Favored by banks, VCs, and investors.
- Shares can be easily distributed/redistributed among investors or the directors.
- It acts as a separate legal entity which restrains your liability.
- It offers you the adaptability of a partnership firm and the benefits of a Public Ltd. Company.
- Simple to enlist, manage, and run.
- Simple to dissolve or wind-up.
Eligibility For Private Limited Company Registration
Minimum 2 Shareholders
Minimum 2 Directors are required
Minimum 1 Lac Share Capital
DPIN for all the Directors
At least one Designated partner should be an Indian Resident
Concerns Related To Private Limited Company
- A “Pvt. Ltd company” requires a few more ROC compliances, which translates into an additional cost of Rs.5,000 to Rs.10,000 per annum.
- The minimum capital required is Rs.100,000.
- A private limited company can have a maximum of 200 members.
Still, entrepreneurs prefer private limited company for the easy transfer of shares and for potential future growth.
Factors To Consider In Company Name Selection
The name of your company is significant. It is the primary impression of your company to the “Purchasers, providers, and partners”. Hence, it is important that it should be unique, suggestive, and attractive. There are different factors, which you should remember while selecting a name for the company.
Short & Simple
The name should be concise and not too long. People should be able to pronounce it easily and they should be able to remember your company’s name, from the first time they either hear it or read about it.
The name of your company should be associated with your business. It should fit the company’s branding. For instance, Infosys alludes to data framework or IT advancements.
The name of your company should not be the same or similar, to any existing company or trademark. You can go to search.legalraahi.com to check if your company’s name is indistinguishable from others. You ought to ideally avoid using the “plural version factor” e.g., “Flipkart’s” or simply by changing the letter Case or adding punctuation marks with respect to any existing company’s name.
The name of your organization should end with the suffix “Private Ltd” in case of a “Private limited company” and “LLP” in case of a “limited liability partnership.”
Should not be illegal / offensive
The name of your company should not be against the law. It should not be damaging or against the traditions and convictions of any religion.