A private limited company can easily be started and registered by combination of two members. The day to day affairs of management is carried out by the directors. Books of accounts are properly prepared, maintained and their audit is compulsory once in a year. Private limited company can have maximum 200 person as shareholders. For company registration all director must have their DIN and if not holding DIN then first of all obtain DIN from MCA. DIN is Director Identification number issued by Ministry of Corporate Affair and valid for life time.
Documents Required
- ID Proof of director
- Address proof of director
- Photo of director
- Qualification of director
- Valid contact no.
- Valid mail ID
- Residential Address Proof
- Declaration by director
- Name of the company
- Object/ Main Business of the company
- Address proof of company
Benefits
- Only 2 person Required as Director
- Both Director can also be Share Holder
- No minimum capital requirement
- Less Registration Cost
- Less Compliances cost
- Separate Legal Entity
- Company can also own property
- Company can be shareholder in other company
- Easy to change the registered office
- Share capital of the company can be equity or preference share