Private Limited Company

Features

Principal Legislation	Companies Act, 2013	Private Limited Companies are governed by the provisions of the Companies Act, 2013 and rules made thereunder.
Separate Legal Entity	Yes	Once registered, is a separate legal entity and can carry out its operations in its own name.
Registration	Mandatory	Must be mandatorily registered to commence its operations.
Number of Members	Minimum – 2 Maximum – 200	Requires a minimum of 2 members and can have a maximum of 200 members.
Liability	Limited	Liability of members is limited.
Transfer of Shares	Conditional	Shares can be transferred after the approval of other shareholders.
Compliance	Level of Compliance – Complex	The degree of compliance is complex and higher as compared to other structures except that of a public company.
Director	Minimum – 2	There has to be a minimum of 2 Directors.

Documents Required

1. PAN Card of the Shareholders/Directors.
2. Digital Signature Certificate (DSC) of the Shareholders/Directors.
3. Proof of identity (POI) of the Shareholders/Directors.
4. Proof of address (POA) of the Shareholders/Directors.
5. Address Proof of the Registered Office.
6. No Objection Certificate (NOC) of the owner of the Registered Office.
7. Rent Agreement of the Registered Office if applicable.
8. Any other documents based on the specific requirements if any.