
We make the company registration in India hassle-free and ensure customer satisfaction. Get your company registration or private limited company registration from best company registration consultants in India. Click here to know how to incorporate private limited company online.
Contact JR Compliance and complete pvt ltd registration India with India's leading compliance service provider, an we are action-oriented firm, who will invest our sustain efforts in completing the private limited company registration process immediately.
To know more about how to incorporate private limited company, contact us immeditely.
What is a Private Limited Company?
As defined by Section 2 (68) of the Companies Act 2013, a private company is a company whose Article of Association (AoA) prevents the transfer of its shares, along with this, it also prevents a large number of the public from subscribing to the same.
In simple words, a private limited company is a business entity with private ownership. It is usually owned by non-governmental organizations or relatively small shareholders or members of a company.
Who governs the private limited company in India?
The incorporation of the private limited company is governed by the Companies Act, 2013.
Before moving forward, let's discuss the basic difference between different companies to establish a clear understanding -
Important Factors of Different Forms of Company
Private Limited Company
Important Factors -
Incorporated under Company Act, 2013
Minimum 2 members and 2 directors are required
Stakeholders have control over business
Duration of incorporation is 12-15 days
Public Limited Company
Important Factors -
Incorporated under Company Act, 2013
Minimum three directors are required for fomation
Stakeholders have control over business
Duration of incorporation is 15-20 days
Limited Liability Company
Important Factors -
Incorporated under Limited Liability Act, 2008
At least two partners will be required for fomation
Partners have control over business
Duration of incorporation is 12-15 days
Nidhi Company
Important Factors -
Incorporated under Section 406 of Companies Act
At least seven members required for fomation
Controlled by RBI guidelines
Duration of incorporation is 15 days approx