Companies are defined as the association of persons and a company can be divided into two categories including private limited and public limited. A private limited company is one which has at least two shareholders and the maximum numbers of shareholders are fifty but in case of public limited company, the minimum is seven and no limit for maximum as per the company rules and regulations. In India, there are thousands of private limited companies are operating their business and vying for registration. All companies are registered under the Indian Companies Act, 1956 if they satisfy the requisite criteria. These days, online company registration has been playing an impeccable role as this process is really simple and very fast unlike the traditional medium. One can make all documents ready before applying for online registration as per the company rules and regulations. The formation of a private organization or a company takes various steps to fulfill and one should follow these principles. The Memorandum of Associations and Articles of Associations are important documents which are inevitable for company registration under the Indian Companies Act, 1956.
Private Limited Company Registration Services In IndiaPrivate limited company is a company which is limited by shareholders; minimum of two and maximum is fifty and one lakh rupees as paid up share capital to start the business. A private limited company can't issue its shares to public in order to raise its capital and there is no transferable of shares as per the rules and regulations. All private companies are registered at the Registrar of Companies (ROC) under the Indian Companies Act, 1956 if an applicant fulfills certain terms and conditions. One can register a private limited company through online mode as it's really convenient and simple for anyone with less or more knowledge. The following steps are followed while applying for the registration of a private limited company.
- Selecting the proposed name of a company
- Name of the Board of Directors and their address
- Application fee for the registration.