Private Limited Company

If you’re thinking of starting a business in India, registering a Private Limited Company (Pvt. Ltd.) is often the first choice. It offers limited liability to its shareholders, a separate legal identity, and better credibility, all while keeping ownership and control in check. Compared to an LLP, where partners handle management directly, a Pvt. Ltd. structure clearly separates shareholders and directors.

At LegitFilings, we make the process of registering your company easy, affordable, and fully compliant with the Ministry of Corporate Affairs (MCA) guidelines. Whether it’s a new business or a startup, we help you register your private limited company online without any hassle.

What is a Private Limited Company?

A Private Limited Company in India is a business structure preferred by many entrepreneurs for its clear legal identity and limited liability benefits. This means the company exists independently of its owners, and the personal assets of shareholders are protected in case of any financial loss.

Here’s what defines a Private Limited Company:

Limited Liability: Shareholders are only liable up to the value of their shares.
Separate Legal Entity: The company can buy assets, enter into contracts, sue or be sued – all in its own name.
Ownership Rules: Requires at least 2 and no more than 200 shareholders.
Minimum Directors: Needs at least 2 directors, with at least one being an Indian resident.
Paid-up Capital: There is no minimum paid-up capital requirement for a private limited company in India. Companies can now be registered with any amount of paid-up capital, even a nominal amount like Rs. 5,000, based on their operational needs
Name Format: The company’s name must end with “Private Limited”.
Restricted Share Transfer: Share transfer is limited and requires Board approval.
No Public Invitation: Can’t raise money from the public through shares or debentures.
Mandatory Compliance: Annual filings, maintaining records, and general meetings are legally required.

Types of Private Limited Companies

When registering, choose the right type based on your business model:

Company Limited by Shares – The most common, where liability is limited to the unpaid share capital.
Company Limited by Guarantee – Members give a guarantee, mostly used by non-profits.
Unlimited Company – Members are personally liable for debts but still considered a legal entity.

Benefits of Registering a Private Limited Company

Limited Liability Protection: Personal assets stay safe.
Legal Recognition: The company has its own identity and can enter legal contracts.
Continuity: Company survives beyond the lifespan of its founders.
Easier Fundraising: Attracts investors and venture capital more easily.
Tax Perks: May be eligible for deductions, exemptions, and startup schemes.
Professional Image: Using “Pvt. Ltd.” adds credibility to your brand.

Requirements to Register a Pvt. Ltd. Company in India

Directors: At least 2 directors with valid DINs; one must be an Indian resident (lived in India for 182+ days in the past year).
Members: Minimum 2, maximum 200.
Company Name: Must reflect the business purpose and follow MCA guidelines.
Registered Office: You need a valid Indian address where records are kept and notices are served.

Step-by-Step: How to Register a Company Online

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Get DSC (Digital Signature Certificate)

All directors and shareholders must get a DSC to sign documents electronically. You’ll need PAN, Aadhaar, passport-size photo, email, and mobile.

Apply for DIN (Director Identification Number) 

Every director must have a DIN. This is submitted with your incorporation forms.

Name Reservation (SPICe+ Part A)

Propose two unique names based on your business. We’ll help you find one that complies with MCA rules.

Company Details Submission (SPICe+ Part B)

Enter business details, registered office address, capital structure, directors, subscribers, and attach necessary documents.

MOA & AOA Filing

Prepare and digitally sign the Memorandum of Association and Articles of Association, which define your business objectives and rules.

Additional Registrations (AGILE-PRO-S)

In one go, apply for GST, EPFO, ESIC, bank account, and shop & establishment license (state-specific).

Documents Required for Registration

For Indian Directors/Shareholders:

Affidavit from each subscriber
ID and address proof (Aadhaar, PAN, Voter ID)
Proof of registered office:
- Rented Office: Rent agreement + NOC
- Owned Office: Sale deed or ownership proof
- Utility bill (not older than 2 months)

For Foreign Nationals:

- Valid Passport
- Address Proof (Driving License, Bank Statement, etc.) — notarized & apostilled

Timeframe for Registration

Typically, the entire process takes 7–10 working days from document submission to receiving your COI — thanks to the integrated SPICe+ system which streamlines everything under one portal.

Register Your Company with LegitFilings

At Legit Filings, we’re here to take the stress out of registering your company. From documentation to digital filings, we’ll guide you through every step of the process, keeping everything fully compliant and transparent.

Our team ensures:

Name availability and reservation
Digital signatures and DIN acquisition
SPICe+ filings, MOA/AOA drafting
GST, EPF, ESIC, PAN, TAN and bank registrations
All with affordable company registration fees

Let Legit Filings be your partner in launching your business the right way. Whether you’re a solo founder, startup team, or expanding group — we’re ready to help you register your Pvt. Ltd. company in India quickly and smoothly.