A Private Limited Company (Pvt. Ltd.) is a privately held business entity registered under the Companies Act, 2013. It requires a minimum of 2 members and allows a maximum of 200 members. This structure is widely preferred in India due to its operational flexibility, legal recognition, and credibility.

One of the biggest advantages of a Private Limited Company is limited liability—meaning the personal assets of shareholders are protected. In the event of a default, creditors can only claim the company’s assets and not the personal property of the directors or shareholders.

SPICe+ – Simplifying Company Registration

To streamline the company registration process, the Ministry of Corporate Affairs (MCA) introduced the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form. It offers a single-window system that integrates multiple services into one application—reducing the burden on startups and business owners.

SPICe+ Offers the Following Services:

1. Company Incorporation
2. Allotment of Director Identification Number (DIN)
3. Issue of Permanent Account Number (PAN)
4. Issue of Tax Deduction and Collection Account Number (TAN)
5. EPFO Registration (Employees’ Provident Fund Organization)
6. ESIC Registration (Employees’ State Insurance Corporation)
7. Professional Tax Registration (Applicable in Maharashtra)
8. Mandatory Company Bank Account Opening
9. Allotment of GSTIN (Goods and Services Tax Identification Number), if opted

This bundled approach saves time, reduces paperwork, and accelerates the startup journey.

Eligibility Criteria for Private Limited Company Registration

Before registering as a Private Limited Company, ensure you meet the following requirements:

1. Minimum 2 directors and 2 shareholders (can be the same individuals)
2. At least one director must be an Indian resident
3. Registered office address in India
4. Valid identity and address proofs of all directors and shareholders

 

Key Benefits of a Private Limited Company

• ✅ Limited Liability Protection: Personal assets are secure; liability is limited to the amount invested.
• ✅ Separate Legal Entity: The company is distinct from its shareholders and directors.
• ✅ Greater Capital Access: Easier to raise funds through investors or banks.
• ✅ Better Credibility & Brand Recognition: Builds trust with clients, vendors, and institutions.
• ✅ Scope for Expansion: Scalable structure for growth and attracting future investment.
• ✅ Perpetual Succession: The company continues to exist irrespective of ownership changes.

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Important Notes for Documentation

• 📌 Copy of PAN Card is mandatory for Indian directors and shareholders.
• 🌍 Passport copy is mandatory for foreign directors and shareholders.
• 🖋️ All submitted documents must be:

• • Self-attested

  • Notarized

  • Apostilled (for foreign nationals)