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Company Registration India » Limited Company Formation » India
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 Limited Company Formation India
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Limited Company formation is the act of making an official application to Companies House to create a company, which is called the process of incorporation. Full company name, the officers of the company and the principal address of the company on the register of companies held at Companies House are required to formalize the formation of a limited company. Forming a limited company in India is a convenient and simple process by using our electronic system. Our quick and easy electronic company formation service includes:
- Company Incorporation Fee
- Domain name
- E-mail account
- Provision of all company documents
Private Limited Company Formation India
Before knowing the formation of a private limited company formation it is important for us to understand what is a private limited. There are three conditions that needed to be fulfilled for a private limited company. Following are the conditions:
- Minimum Two Directors
- Minimum Two shareholders and Maximum Fifty shareholders.
- Minimum Paid Up Capital of Rs. 100000/-
We provide private limited company formation services in India, which assist small and medium sized entrepreneurs to start a private company and helping customers in selecting the best legal entity in India. Limited company formation in India is according to the provisions of the companies Act 1956 section 3 (1) subsection (iii) of this Act defines a private company as one which
- has a minimum paid capital of INR 1,00,000/- or such high capital may be prescribed.
- By its Articles restriction to transfer its shares
- Limits the numbers of its members to 50, excluding its present its present and past employees.
- Prohibits any acceptance or invitation of deposits from persons other than its members.
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Public Limited Company Formation in India
A Public Limited Company is a Company limited by shares in which there is no restriction on the maximum number of shareholders, acceptance of public deposits and acceptance of public deposits. The liability of each shareholder is limited to the degree of the unpaid amount of the shares face value and the first-class thereon in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 7.
These are the following steps to form a public limited company in India:
- A minimum of seven members are required to form a public limited company.
- It must have minimum paid-up capital of Rs 5 lakhs.
- There is no restriction on maximum number of members.
- The shares allotted to the members are freely transferable.
- These companies can raise funds from general public through open invitations by accepting fixed deposits and selling its shares.
- These companies are required to write either 'public limited' or 'limited' after their names.
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