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Private Limited Company

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A private limited company is a kind of business entity in ‘private’ ownership used in many jurisdictions, in contrast to ‘public’ ownership, with some differences from country to country.

It is governed by the MCA (Ministry of Corporate Affairs), Government of India, and overseen by the Companies Act, 2013 and the Companies (Incorporation) Rules, 2014.

A Private Limited Company is a company registered under Companies Act which restricts the right to transfer its shares and is not allowed to increase its number of shareholders more than 200.

Nearly 93% of the Indian Companies are Private Limited Company.
A Private Limited Company has to use “Private Limited” or “Pvt. Ltd” as a suffix.
In a Private Limited Company, the minimum number of members/ shareholders are 02 and the maximum number of members is 200
In Private Limited Company the minimum numbers of Directors are 02.
Private Limited Company makes its decisions through a meeting of Board and meeting of members.
A Private Limited Company needs to follow lesser regulation compared to a Public Limited Company.
Steps of Incorporation of Private Limited Company:
Name Availability

Check whether proposed
name(s) do(es) not
match with existing
names of the
companies.

DSC

For incorporation of
Company and its
further compliances
Class 2 DSC
is necessary.

RUN

File web based
Form RUN for the
purpose of reservation
of name for the
company

SPICe+

File web based forms Form SPICe+, Forms SPICe+ MOA, Forms SPICe+ AOA, Form AGILE Pro, and Form INC-9 for completion of incorporation process.

Advantages of Private Limited Company:

Limited Liability:

Due to limited liability risk of attachment of personal assets does not exist.

Company Limited:

Shares of a company limited by shares are transferable by a shareholder to any other person subject to the restriction as given in the definition. The transfer is simple as compared to the transfer of an interest in a business run as a proprietary concern or a partnership.

Private Limited Company:

A Private Limited Company is a separate legal entity which means a Private Limited company can file a court case in its name and if a particular person wants to file a case against the company then he cannot file such a case against the shareholder or Director but he can do it against the company itself.

Directors or Members:

A Private Limited Company enjoys Perpetual Succession which means a company’s existence does not depend upon the existence of its Directors or Members.

Legal procedure:

A company can be shut down only by a legal procedure as may be prescribed in the Companies Act.

Equity capital:

A company can raise equity capital from persons or entities interested in becoming a shareholder subject to condition given in Definition above. Entrepreneurs can raise money from banks, financial institutions, angel investors, venture capital firms, private equity firms, and hedge funds.
Frequently Asked Questions (FAQ's):
How can Regitimate help me with company registration?

We assist in the entire company registration process, from choosing the right business structure to preparing and filing the necessary documents. Our experts will guide you through the process to ensure compliance with all relevant laws and regulations.

Are your services available to individuals and businesses of all sizes?

Yes, we cater to both individuals and businesses, regardless of size. Our services are designed to meet the needs of startups, small and medium-sized enterprises (SMEs), and large corporations.

What compliance services does Regitimate provide?

Regitimate helps your business stay compliant with various regulations and requirements, such as annual filings, licenses, permits, and more. We offer ongoing support to ensure your business operates within the legal framework.

Can Regitimate handle my tax filings?

Yes, we offer tax filing services to individuals and businesses. Our tax experts will ensure accurate and timely filing to help you minimize your tax liability while remaining compliant with tax laws.

How does Regitimate assist with Intellectual Property (IP) services?

Our IP services include trademark registration, patent filing, copyright protection, and IP strategy development. We help safeguard your intellectual property assets and provide legal guidance in case of infringement issues.

What types of legal documentation does Regitimate prepare?

We can help you with a wide range of legal documentation, including MOU’s, Agreements & Wills. Our legal experts ensure that your documents are well-drafted and legally sound.

What property-related services does Regitimate offer?

Our property-related services cover property transactions, lease, property registration & verification, Succession & Legal Heir Certificate.

How can I get started with Regitimate services?

To get started, simply contact us through our enquiry form, email, or phone. Our team will assess your needs and guide you through the process of selecting and customizing the services that best suit your requirements.

Are your fees competitive, and do you offer customized service packages?

We offer competitive pricing for our services, and we can create customized service packages tailored to your specific needs and budget. Contact us for a personalized quote.

Is Regitimate compliant with data protection and confidentiality standards?

Yes, we take data protection and confidentiality seriously. We adhere to all relevant data protection laws and have strict confidentiality measures in place to safeguard your sensitive information.

How can I reach Regitimate's customer support for assistance?

You can reach our customer support team by visiting our website's contact page, sending an email, or calling our dedicated customer support hotline.