Private Limited Company Registration Process

Private Limited Company Registration ?
The most famous and commonly used form of corporate legal organisation in India is private limited company. The incorporation of private limited corporations is covered by the Corporate Law of 2013, the Company Laws of Corporation of 2014. A minimum of two owners and two managers is mandatory to incorporate a private limited company.

Section 3(1) of the Companies Act, 2013 provides that a company may be formed for any lawful purpose by—

(a) seven or more persons, where the company to be formed is to be a public company;

(b) two or more persons, where the company to be formed is to be a private company; or

(c) one person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration.

A company formed under the Companies Act, 2013 may be either—

(a) a company limited by shares; or

(b) a company limited by guarantee; or

(c) an unlimited company.

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