A Private Limited Company is a type of company that offers limited liability to its shareholders and has a separate legal identity. It is one of the most common business structures in India, ideal for startups and growing businesses. This structure allows for investment opportunities, easy transferability of shares, and greater credibility in the market.
All proposed directors must have a valid DSC to sign electronic documents during registration.
Directors must apply for DIN through SPICe+ or separately via DIR-3 form.
Choose a unique company name and get it approved via the RUN or SPICe+ Part A form on the MCA portal.
Prepare Memorandum of Association (MOA) and Articles of Association (AOA) defining objectives and rules.
Complete the SPICe+ Part B form with all details including business address, directors, and capital details.
Apply for the company’s PAN and TAN simultaneously during the registration process via SPICe+ form.
Once verified, the Registrar of Companies issues the Certificate of Incorporation along with PAN and TAN.
PAN card of all directors and shareholders is mandatory for identity verification.
Aadhar Card, Voter ID, Driving License, or Passport can be submitted as address proof.
Recent color photographs of directors and shareholders are required for the application.
Utility bill (Electricity/Water/Gas) not older than 2 months to confirm business location.
If the office space is rented, a copy of the rental agreement is required along with landlord's NOC.
No Objection Certificate from the property owner for using the premises as a registered office.
Criteria | Sole Proprietorship | Partnership | LLP | Private Limited Company | One Person Company |
---|---|---|---|---|---|
Legal Status | No separate legal entity | No separate legal entity | Separate legal entity | Separate legal entity | Separate legal entity |
Minimum Members | 1 | 2 | 2 | 2 | 1 |
Maximum Members | 1 | 20 | No limit | 200 | 1 |
Registration Required | No | Optional | Yes (MCA) | Yes (MCA) | Yes (MCA) |
Liability | Unlimited | Unlimited | Limited | Limited | Limited |
Bizzsure | Individual Tax Rates | Partnership Tax Rates | 30% + surcharge & cess | 25% or 30% + surcharge & cess | 25% or 30% + surcharge & cess |
Compliance Level | Low | Medium | Moderate | High | Moderate |