A private company is a company that is entirely held by private stakeholders. The liability of patterns is limited to the number of shares owned by them. All types of businesses have their requirements for setting up before they are incorporated. The private company can be set up through an online company registration–Ontaxco portal. The requirements for setting up a Private Limited Company are:
Directors and Members:
To get registered legally, a private limited company must contain a minimum of two members and a maximum of 200 members. This is a necessary requirement as mentioned by the Companies Act 2013.
The directors are required to meet the following requirements:
- Each director should comprise a DIN-Director Identification Number, that is provided to them by the Ministry of Corporate Affairs.
- One of the directors should be a resident of India, that means he or she should have been in India for not less than a total of 182 days in the previous year.
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Name of the Company-
Choosing the name of your private limited company is often a daunting and technical task. The name should cover the following three aspects:
- Main name
- Mention of ‘Private Limited Company’ at the end.
- Activity that is going to be carried out.
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Registered office address-
After the company has been set up, the permanent address of the registered office should be filed with the registrar of the company. -
Obtaining other documents-
For online submission of documents, every private limited company is required to obtain a digital signature certificate which is used in verifying the authenticity of the documents.
With this, you will be able to set up your own private limited company. It is always advisable to consult professionals for setting up your company. Ontaxco– private limited company registration in Delhi will provide you with every information you need and will set up your private limited company on behalf of you!
