Explain The Process Of Private Limited Company Registration In India

Explain The Process Of Private Limited Company Registration In India

A private limited company is a type of business entity in which shareholders have limited liability and the shares are not publicly traded. A private limited company can be registered with the Registrar of Companies (ROC) by filing the requisite documents along with the registration fee. The minimum number of shareholders for a private limited company is two, and there is no maximum limit. The liability of shareholders is limited to their investment in the company, and they are not personally liable for debts incurred by the company. In order to register a private limited company, the following documents must be filed with the ROC:

Memorandum of Association (MOA)

-Articles of Association (AOA)

-Declaration of compliance with the requirements of the Companies Act 2013

-Copy of PAN card of director/s

-Copy of passport/Aadhaar card/voter ID card/driving license of director/s

-Proof of address of director/s

-Bankers' declaration or bank certificate in prescribed format

-Affidavit by each director in prescribed format

Along with these documents, the registration fee must also be paid. The ROC will then issue a Certificate of Incorporation, and the company will be registered as a private limited company. Once registered, a privatelimited company must comply with various provisions of the Companies Act 2013, such as holding annual general meetings, preparing financial statements, and maintaining corporate records.