How much money do you need to start a private limited company?

Minimum paid-up capital: A private limited company requires to have and maintain a minimum paid-up capital of Rs. 1 lakh. It could go higher, as prescribed by MCA from time to time.

What is the first step to register a private limited company in India?

How to Register a Company in India?

1. Step 1: Digital Signature Certificate (DSC)
2. Step 2: Director Identification Number (DIN)
3. Step 3: Registration on the MCA Portal.
4. Step 4: Certificate of Incorporation.

What are the rules for Private Limited Company?

A Pvt Ltd Company must have a minimum of two directors and a maximum of fifteen directors. A minimum of two shareholders is required for legal registration of a Pvt Ltd company. A total of two hundred shareholders are acceptable in any Private Limited Company but not more than that.

Do I need an accountant to register a limited company?

While there is no legal requirement for limited companies to use an accountant there are many benefits in doing so, such as completing your annual accounts and company tax return. They can also take care of tax registration for new companies.

How do you registered a private limited company in Tamilnadu?

Private Limited Company Registration In Tamil Nadu

1. PAN Card of the proposed directors will be required for registering a Private Limited Company.
2. Address proof that has the name of the Director also needs to be submitted, the same address should be mentioned in the PAN and the most current address of the Director.

What is the process of registering a private company?

Registration Procedure

1. Step 1: Obtaining Director Identification Number (DIN) & Digital Signature.
2. Step 2: Applying for the name.
3. Step 3: Filing for Incorporation of Private Limited Company.
4. Step 4: Subscribing to the Private Limited Company.
5. Step 5: Certificate of Incorporation.

What are the risks of a private limited company?

Some disadvantages of a private limited company

• there is often more paperwork.
• in some instances, other people are able to view the business’s financial information.
• it can be very time consuming to set up.
• the business may require outside professional help to manage its finances.

What are the legal requirements for a Private Limited Company?

Private limited companies need to have at least one company director too – usually the person starting and running the limited company – while public limited companies that have publicly traded shares need at least two directors and a company secretary.