Private Limited Company img
Pan Card Passport (Foreign Nationals Only) Aadhaar Card Load More

Private Limited Company

4.5 1999 Customers

Instant Name Application for Company.

Appointment Scheduling

Schedule Appointment

Please fill in your details to schedule an appointment

Private Limited Company Registration in India

Setting up a business in India is easy with Hiva Professionals. We offer cost-effective, end-to-end assistance for registering your private limited company while ensuring MCA compliance.

What is a Private Limited Company?

A Private Limited Company is one of the most popular business structures in India. It offers limited liability, a separate legal entity status, and a defined ownership structure. Minimum two directors and two members are required, and it must include "Private Limited" in its name.

Key Features

  • Limited Liability Protection
  • Separate Legal Entity
  • Minimum 2 Shareholders and Directors
  • Minimum Capital: ₹1 lakh
  • Restricted Share Transfer
  • No Public Invitation for Shares

Types of Private Limited Companies

  • Company Limited by Shares: Liability limited to the value of shares.
  • Company Limited by Guarantee: Liability applies only during winding up.
  • Unlimited Company: No limit on member liability.

Advantages

  • Limited Liability for Shareholders
  • Separate Legal Identity
  • Continuous Existence
  • Ease of Funding
  • Tax Benefits
  • Improved Credibility

Disadvantages

  • Higher Compliance Requirements
  • Complex Formation Process
  • Restricted Share Transfers
  • Public Disclosure of Financials
  • Challenging Exit Strategies
  • Slower Decision-Making

Requirements

  • Minimum 2 Directors and up to 200 Members
  • At least 1 Resident Indian Director
  • Company Name should reflect business activity
  • Registered Office Address Required

Online Registration Process

  1. Step 1: Obtain DSC for Directors and Shareholders
  2. Step 2: Apply for DIN for Proposed Directors
  3. Step 3: Name Reservation via SPICe+ Part A
  4. Step 4: Complete SPICe+ Part B, MOA, AOA, and AGILE-PRO-S forms
  5. Step 5: Receive Certificate of Incorporation with CIN, PAN & TAN

Document Checklist

For Indian Nationals
  • Self-attested PAN Card
  • Aadhaar Card
  • Photo, Email, and Phone Number
  • Identity and Address Proof
For Foreign Nationals
  • Notarized Passport Copy
  • Photo and Address Proof
Office Address Proof
  • Rent Agreement (if rented)
  • NOC from Owner
  • Utility Bill Copy

Post-Registration Compliance

Hiva Professionals will assist with mandatory filings, PAN/TAN/GST registration, opening a bank account, and meeting legal compliance such as AGMs and ROC filings.

Register with Hiva Professionals

Let our experts at Hiva Professionals handle your private limited company registration in India. We ensure a smooth, affordable process from name selection to final incorporation and beyond. Focus on your business goals while we take care of legal formalities.

Proprietorship vs Limited Liability Partnership (LLP) vs Company

Features Proprietorship Partnership LLP Company
Definition Unregistered type of business entity managed by one single person A formal agreement between two or more parties to manage and operate a business A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. Registered type of entity with limited liability to the owners and shareholders
Ownership Sole Ownership Min 2 Partner
  • Max 50 Partners
Designated Partners
  • Min 2 Directors
  • Min 2 Shareholders
  • Max 15 Directors
  • Max 200 Shareholders
  • For One Person Company
  • 1 Director
  • 1 Nominee Director
Registration Time 7-9 working days
Promoter Liability Unlimited Liability Limited Liability
Documentation
  • MSME
  • GST Registration
Partnership Deed
  • LLP Deed
  • Incorporation Certificate
  • MOA
  • AOA
  • Incorporation Certificate
Governance - Under Partnership Act Act, 2008 Under Companies Act, 2013
Transferability Non-Transferable Transferable if registered under ROF Transferable
Compliance Requirements Income tax filing if turnover is more than Rs.2.5 lakhs ITR 5
  • FORM 11
  • FORM 8
  • ITR 5
  • ITR 6
  • MCA FILLINGS
  • AUDITOR'S APPOINTMENT
Know More