At first we need to understand it very clearly what actually a private limited company is. A private limited company is a private business owned by two or more people and which company is legally registered by the government. If a person one day out of the blue decides that he or she will be creating a company and run it without being bothered by anything then it might not be possible. A private limited company needs basic fields to cover and a government registration. Private limited companies are basically small business entities. Now we need to know why private limited company is better than anything else or any other companies. Private limited companies have limited number of shareholders and limited amount of liability which makes it quite unique. Having a small amount of liability and limited number of shareholder meaning is that when the profit hits you will be able to equally distribute the amount of profit among limited number of shareholders. By this way the profit will stay within few people and each people can enjoy lots of amount of money by themselves. There are a whole lot of instances of successful private limited companies. Google India Pvt Ltd, Marriot Hotels India Pvt Ltd, DHL Express(India) Pvt Ltd, Microsoft India Pvt Ltd are to name a few.
There are lots of benefits of Private limited companies. Limited number of shareholder is one of the. During the time of recession a Pvt Ltd company may not have to lose their personal assets in order to save the company as the number of shareholders are a few. Private limited companies also can enjoy tax few certain tax reliefs. So if you want to open a private limited company you will definitely need private limited company registration in India under Ministry of Corporate affairs of Government of India.
At first you need to make sure that your private limited company has these features- If your company has minimum authorized capital of one lakh rupees then it is eligible, if your company has minimum 2 and maximum 200 members then your company is eligible for registration, if your company has minimum two directors then you are eligible, if both of the directors possess Adhaar card, pan card and address proof then your company is eligible, if Your company has MOA and AOA drafted then it is eligible. After fulfilling all these requirements you will be able to apply for private company registration online from different websites.
The next step for Private Company registration online is to apply for it. You will need to apply with a few valid documents. The documents are Identity proof (PAN card), Address Proof (Voters card, passport, Adhaar Card, Ration Card etc.), a valid email address, phone number, educational qualification, current occupation and photographs. The verification should be signed by the applicants themselves. After application with these documents and required amount of fees you will have to wait for few months to get the legal registration in your hand.