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A Private Limited Company is legally formed with Limited Liability and Legal Protection for its stockholders, but its ownership is restricted. A Private Limited Company (PLC) is a privately held company for small businesses. The responsibility of members of a Private Limited Company is limited to the number of shares that they own. The shares of a Private Limited Company cannot be exchanged publicly.
The most simple and often used form of business registration in India is the private limited company. It requires a minimum of two persons to register. It is the most recommended type of business structure for millions of small and medium-sized firms that are family-owned or professionally managed due to its limited liability protection for shareholders, capacity to obtain equity funds, and independent legal entity status.
A Private Limited Company is legally formed with Limited Liability and Legal Protection for its stockholders, but its ownership is restricted. A Private Limited Company (PLC) is a privately held company for small businesses. The responsibility of members of a Private Limited Company is limited to the number of shares that they own. The shares of a Private Limited Company cannot be exchanged publicly.
The most simple and often used form of business registration in India is the private limited company. It requires a minimum of two persons to register. It is the most recommended type of business structure for millions of small and medium-sized firms that are family-owned or professionally managed due to its limited liability protection for shareholders, capacity to obtain equity funds, and independent legal entity status.
Documents Required for Private Limited Company Formation:
Photograph of all the Directors
PAN Card of all the Directors
ID Proof of all the Directors (Driving License/Passport/Voter ID)
Electricity Bill or any other utility bill for the address proof of the Registered Office
Self Attested Residential Address Proof of all the partners (Electricity Bill/Latest Bank Statement/Mobile Bill) (not older than 2 months)