Registering a Private Limited Company
A Private Limited Company is the most popular form of company used for domestic as well as foreign investors. It is limited by shares in which the maximum number of shareholders is restricted to 50. It cannot offer its shares or debentures to the public, cannot make or accept deposits from the public and there are restrictions regarding the right of transfer of shares. The liability of each shareholder is limited to the extent of the amount of shares subscribed. However, the liability of a Director/Manager of such a company can at times be unlimited.
The minimum number of Shareholders and Directors is 2. It also has a minimum share capital requirement of Rs.100,000. A Private Limited Company should be registered with the Registrar of Companies (RoC) of the respective State under The Companies Act, 1956. However, it is free to do business anywhere in India even if the registration with RoC is on the State level. Hence, a private company is preferred by those who wish to take the advantage of limited liability and at the same time, desire to keep control over the business within a limited circle and maintain the privacy of their business.
The general documents required for incorporating a new company in India:
1
ID proof of the proposed Directors: PAN Card, Passport, Election Id, Driving License - any one.
(Income-tax PAN is a mandatory requirement as proof of identity for Indian Directors and a passport is a mandatory requirement as proof of identity for foreign nationals/directors.)
2
Address proof of the proposed Directors: Passport, election (voter identity) card, ration card, driving licence, electricity bill, telephone bill or bank account statement - any one.
3
Passport size photographs of the Directors.
4
Proof of Registered office address.
5
Complete details about every shareholder and/or the Address and ID proof.
Registering a Public Limited Company
A Public Limited Company is a company limited by shares in which there are no restrictions on the maximum number of shareholders. It offers shares for sale to the public and can make or accept deposits from the public and there are no restrictions on the transfer of shares. The liability of each shareholder is limited to the extent of the amount of shares subscribed. However, the liability of a Director/Manager of such a company can at times be unlimited.

Registering a Private Limited Company
A Private Limited Company is the most popular form of company used for domestic as well as foreign investors. It is limited by shares in which the maximum number of shareholders is restricted to 50. It cannot offer its shares or debentures to the public, cannot make or accept deposits from the public and there are restrictions regarding the right of transfer of shares. The liability of each shareholder is limited to the extent of the amount of shares subscribed. However, the liability of a Director/Manager of such a company can at times be unlimited.
The minimum number of Shareholders and Directors is 2. It also has a minimum share capital requirement of Rs.100,000. A Private Limited Company should be registered with the Registrar of Companies (RoC) of the respective State under The Companies Act, 1956. However, it is free to do business anywhere in India even if the registration with RoC is on the State level. Hence, a private company is preferred by those who wish to take the advantage of limited liability and at the same time, desire to keep control over the business within a limited circle and maintain the privacy of their business.
The general documents required for incorporating a new company in India:
1
ID proof of the proposed Directors: PAN Card, Passport, Election Id, Driving License - any one.
(Income-tax PAN is a mandatory requirement as proof of identity for Indian Directors and a passport is a mandatory requirement as proof of identity for foreign nationals/directors.)
2
Address proof of the proposed Directors: Passport, election (voter identity) card, ration card, driving licence, electricity bill, telephone bill or bank account statement - any one.
3
Passport size photographs of the Directors.
4
Proof of Registered office address.
5
Complete details about every shareholder and/or the Address and ID proof.
Registering a Public Limited Company
A Public Limited Company is a company limited by shares in which there are no restrictions on the maximum number of shareholders. It offers shares for sale to the public and can make or accept deposits from the public and there are no restrictions on the transfer of shares. The liability of each shareholder is limited to the extent of the amount of shares subscribed. However, the liability of a Director/Manager of such a company can at times be unlimited.