Overview of Online Private Limited Company Registration in India

A Private Limited Company is a privately maintained small business existence, which is one of the highly recommended means to start a business in India. The Companies Act 2013 governs private limited company registration in India.

While, minimum 2 shareholders are required to start a private company, while the higher limit of members are 200 as per the Companies Act, 2013. If a private limited company faces financial risk, its shareholders are not subject to sell their personal assets, i.e. they ought to have limited liability.

For online company registration, there must be a least of 2 directors while maximum 15 directors can be appointed in a company. Proposed director must have attained age of 18 years. A foreign national can also become a director of private limited company in India.

There is no minimum paid-up capital required for a private limited company registration. Every private limited company must use "pvt.ltd." after their name.

A private limited company has never-ending existence. A private limited company holds on existing even in the case of death or bankruptcy of its Members.

A private limited company does not have any relationship with the public; they aren't permitted to ask for any collateral from the public or public sectors. In a private limited company, people are not entitled to transfer shares, which protect takeovers of private limited companies from big enterprises.