Minimum two directors are required in a Private Limited Company, with an upper cap up to 15 directors.

Directors are officers of the company who are responsible for managing the company and making the decisions as to its operation on a day to day basis, for the benefit of the shareholders.

Shareholders are the owners of companies limited by shares. As the beneficial owners of a limited company, they are not involved in day-to-day management or financial affairs. They are also called 'members' and they agree to become part of a company by taking a minimum of one share in it. The quantity of shares held by each person represents how much of the business they own.

The Private Limited Company can be incorporated with any amount of capital and there is no lower or upper limit. Further, the government has relaxed the government fees for Incorporation of a Private Limited Company up to an Authorized capital of Rs. 15,00,000/-, however, the stamp duty, which is still levied, varies from State to State.

• PAN Card (All the Proposed Directors and/or Shareholders)
• ID Proof (All the Proposed Directors and/or Shareholders) (Passport/ Voter ID/ Aadhar Card/ Driving License)
• Address Proof (All the Proposed Directors and/or Shareholders) (Telephone Bill/ Mobile Bill/ Savings Bank Statement)
• Passport size Photograph (All the Proposed Directors and/or Shareholders)
• Rent Agreement (For proposed company Address)
• Electricity bill
• A permission letter from the owner about use of his premises for registered office of the proposed company (NOC)

All the documents mentioned above in point no 1 to 3 need to be self-signed by the respective proposed directors/ members/ shareholders All the utility bills or bank statements shall be less than 2 months old

The broad process of registering a Private Limited company involves following steps:

• STEP 1 : Provision of requisite mentioned documents/information to us
• STEP 2 : Validating the documents/ information and processing the same
• STEP 3 : Filing of application and submission of the same in online manner
• STEP 4 : Payment of appropriate government fee as applicable
• STEP 5 : Processing of the application and issuance of registration certificate

The process of incorporating a Private Limited Company can take anywhere between 10 to 15 working days, subject to submission of correct information and complete documentation.

Legal Terminus can help you with incorporation of Private Limited Company for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.