A Company is an association of persons for a specific business in order to make profits. In India, all companies are incorporated and registered under the Indian Companies Act, 1956. Primarily, there are two types of companies are present in the Indian corporate scenario; private limited and public limited. The company formation process for all these types of companies is almost same except few changes. A private limited company has the minimum numbers of shareholders are two and maximum it can go up to fifty and this type of company don't issue any shares in order to raise capital. These days, one take the help of online mode of company formation as it's less expensive and speedy for providing all services regarding company formation. There are lots of rules and regulations are involved when it comes to the formation of a new company including both private and public limited. Private limited companies are enjoying great success and market share in India since its inception from day one but these companies have also some disadvantages like non - transferable shares, undemocratic control and publics can't be invited for raising capital. The following important documents should be deposited at the Registrar of Company (ROC) under the Indian Companies Act, 1956 for the incorporation of a private limited company.
- Application form mentioning the name of the company.
- Three stamped copies of Memorandum of Associations and Articles of Associations.
- Applicable application amounts or fees
- Name of the Director and Managing Director