Welcome to PRVS BUSINESS, your trusted partner for comprehensive Private Limited Company Registration Services. A Private Limited Company (Pvt Ltd) is a preferred business structure in India, combining limited liability, professional governance, and ease of raising funds. Whether you are an aspiring entrepreneur or an experienced business owner, our expert team simplifies the registration process and ensures seamless compliance with all legal requirements.

What is a Private Limited Company?

APrivate Limited Company is a legally recognized business entity, distinct from its owners, offering limited liability and perpetual succession. It is governed by the Companies Act, 2013, and administered by the Ministry of Corporate Affairs (MCA). This structure is ideal for businesses seeking professional governance, investment opportunities, and scalability.

Key Features of a Private Limited Company:

  1. Separate Legal Entity: The company can own assets, enter contracts, and sue or be sued in its own name.
  2. Limited Liability: Shareholders’ liability is restricted to the unpaid portion of their share capital.
  3. Perpetual Succession: The company’s existence is unaffected by changes in ownership or management.
  4. Professional Governance: Directors and shareholders have well-defined roles.
  5. Restricted Share Transfer: Shares are held privately and can only be transferred with restrictions.

Why Register as a Private Limited Company?

    Registeringas a Private Limited Company offers numerous advantages, including:

    1. Credibility and Trust: Build trust among investors, customers, and suppliers with a corporate identity.
    2. Limited Liability Protection: Safeguard personal assets from business liabilities and debts.
    3. Ease of Raising Funds: Attract venture capital, private equity, and other investors easily.
    4. Perpetual Existence: The company’s continuity is unaffected by changes in its ownership.
    5. Tax Benefits: Avail corporate tax benefits and exemptions under government schemes.
    6. Global Recognition: A Pvt Ltd structure is internationally recognized, making it ideal for businesses with global aspirations.

    Who Can Be a Shareholder?

    Shareholders are the owners of a Private Limited Company and play a crucial role in its capital structure. Here’s who can become a shareholder:

    1. Individuals:
      • Any natural person, including Indian citizens, NRIs (Non-Resident Indians), and foreign nationals, can become a shareholder.
      • A person must be of sound mind and capable of entering into contracts.
      • Minors cannot be shareholders directly. However, shares can be held on their behalf by a guardian.
    2. Entities:
      • Companies: Other private or public companies can hold shares in a Private Limited Company.
      • Partnership Firms and LLPs: These entities can hold shares through their partners or designated members.
      • Trusts: Trusts can hold shares, provided their governing documents allow investment in companies.
    3. Minimum and Maximum Limits:
      • Minimum: 2 shareholders are required to form a Private Limited Company.
      • Maximum: 200 shareholders (excluding current and former employees).

    Who Can Be a Director?


    Directors are responsible for managing the company’s operations and making key decisions. The following criteria apply to directors:

    1. Natural Persons Only:
      • Only individuals can be appointed as directors. Entities like trusts, firms, or companies cannot act as directors.
    2. Minimum Age:
      • Directors must be at least 18 years old.
      • Minors cannot act as directors.
    3. Residency Requirement:
      • At least 1 director must be a resident of India (lived in India for a minimum of 182 days in the preceding financial year).
    4. Legal Capacity:
      • The person must not be disqualified due to bankruptcy, criminal conviction, or unsound mind.
    5. Foreign Nationals:
      • NRIs and foreign nationals can act as directors, provided at least one director is a resident of India

     

      Eligibility Criteria for Private Limited Company Registration

      1. Directors and Shareholders:
        • Minimum of 2 directors and 2 shareholders.
        • The same individuals can act as both directors and shareholders.
      2. Director Residency:
        • At least one director must be a resident of India.
      3. Unique Name:
        • The company’s name must not conflict with existing registered entities or trademarks.
      4. Registered Office:
        • A valid physical address in India is mandatory.
      5. No Minimum Capital Requirement:
        • There is no mandatory paid-up capital; the company can be started with as little as ₹1.

       

      Documents Required for Registration

      1. For Directors and Shareholders:
        • PAN Card (mandatory for Indian citizens).
        • Address Proof: Aadhaar, Passport, Voter ID, or Driving License.
        • Passport-sized photographs.
      2. For Registered Office:
        • Rent Agreement (if rented) with NOC from the property owner.
        • Utility Bill (Electricity/Water/Telephone) not older than 2 months.
      3. Additional Documents:
        • Digital Signature Certificate (DSC) for all directors.
        • Director Identification Number (DIN) for all directors.