Private Limited Company is India's most prevalent and popular type of corporate legal entity. The registration of private limited companies is governed by the Ministry of Corporate Affairs, the Companies Act, 2013 and the Companies Incorporation Rules, 2014. A minimum of two shareholders and two directors are required to register a private limited company. A natural person can be both a director and a shareholder, while only a shareholder can be a corporate legal entity. Furthermore, foreign nationals, foreign corporate entities or NRIs are allowed to be directors and/or shareholders of a company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
A private limited company's unique features such as limited shareholder liability protection, ability to raise equity funds, separate legal entity status, and perpetual existence make it the most recommended type of business entity for millions of small and medium-sized businesses that are family-owned or professionally managed.
Yatiken is India's market leader in services related to company registration. Yatiken can help you register a private limited company, one-person company, nidhi company, section 8 company, producer company or Indian subsidiary. The average time taken to complete the company's formation is about 10-15 working days, subject to government processing time and customer document submission. Get a free consultation by scheduling an appointment with an Yatiken Advisor for private limited company registration and business start-up.
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