Private Limited Company Registration

A company is a form of business organization that is set up under the law. In India, the companies come under the Companies Act 2013. The act identifies two main categories of the companies "Public and private companies".

A Private company is a company that is owned and managed by a small group of persons and mostly by their private funds. Section 2(68) of the act defines a private company, "private company" means a company having a minimum paid-up share capital as may be prescribed, and which by its articles:

• Restricts the right to transfer its shares;
• Except in the case of One Person Company, The Private Limited Company limits the number of its members to two hundred.

The act states that a Private company has to mention the word Private limited or in short PVT LTD in their name for their identification as a Private company. And differentiate it from other types of companies.

Advantages of a Private Limited Company

A company form of organization enjoys a better image than a sole proprietor type of business organization for the reason that it is registered under the law. The main benefits of a company are:

Investors and banks are more likely to provide funds than a sole proprietor business. The company form of business enhances the level of business operations.

Pvt Ltd Company Registration Process in India

The process of registration of a private company is very simple and completely online. The person desiring to register his company can get his company registered through the Ministry of Corporate Affairs portal (www.mca.gov.in). A company needs to be registered with the Registrar of Companies (ROC). ROC keeps all the records regarding all the companies in India.

Why Companify?

Registering a company is a simple process, but it requires professional guidance. We at Companify help you to take a step forward in owning your company by providing you with a hassle-free process of company registration. Our team of experts will guide you at each step so that you can make the right decision as per your needs. We have different company registration packages that meet your requirements.