Private limited company provides legal protection and limited liability to its shareholders. In India, a private limited company (PLC) sits in the middle of a partnership firm and a publicly traded company. A Private Limited Company’s members are only liable for the number of shares they subscribe.

The liability of the members of a Private Limited Company is limited to the number of shares held by them. 

When a Private Limited Company in India receives its Certificate of Incorporation, operations can start. 

Checklist:

• Have unique name
• Business activity
• Have atleast 2 directors
• Shall have Authorised Capital of Rupees 1 lakh

Details and documents required:

• Unique name for name application
• Main object clause
• Directors cum first subscriber details and documents:
  • Self-attested copy of Aadhar Card
  • Self-attested copy of PAN Card
  • Self-attested copy of Voter id/ Driving license/ passport
  • Address proof (Latest Bank statement/Electricity bill/ Telephone Bill/ Mobile Bill of all directors and subscribers)
  • Education qualification
  • Occupation
  • Mobile number
  • Email Address
  • Ratio of shares by each subscribers
• Copy of Electricity Bill/ Telephone Bill/ Water Bill not older than two months as a Proof of Registered office of Proposed Company.
• Rent agreement(if any)
• NOC for bill
  Note: if proposed directors not having DSC then also needs to apply for DSC and following documents required for application of DSC:
  • Self attested PAN CARD of directors
  • Self attested Aadhar Card of directors
  • Passport size photograph of directors
  • Email address and mobile no. of directors