Private Limited Company is a favored Registration for Businesses because of its many benefits, such as limited liability protection, perpetual succession etc.
Private Limited Company is Registered & governed under Companies Act, 2013.It is also recommended to conduct a thorough research for name chosen for registration. One need to make sure that the business name comply with MCA guidelines.
Salient Features
- A minimum paid-up share capital of INR 5 Lakhs is required
- A Minimum of 3 directors are required
- A maximum of 15 directors can be there in a Public Limited Company
- A Minimum of 7 share holders Required
- There is no limit for maximum number of share holders.
Process of Public Limited Company Registration in Mumbai
1 Digital Signature certificate and DIN for all proposed directors are obtained.
2 Apply for Business name which needs to be approved by the ROC.
3 After name approval, documents for MOA and AOA is prepared and submitted online.
4 The registrar of companies verifies the documents.
5 After verification ROC issues an Incorporation certificate along with the Corporate Identification Number of the company.