About Private Limited Company Registration
In private limited company registration,
Private limited companies can have a maximum of 200 members (except for
Person Companies). This number does not include present and former
employees who are also members. Moreover, more than two persons who own
shares jointly are treated as a single member.
After the amendment in 2005 in the Companies
Act the requirement of minimum paid-up capital has been removed. Private
companies can now have a minimum paid-up capital of any amount.
Types of Private Limited Company
Limited by shares: The
liability of the members is limited to the amount unpaid to the company
concerning the shares held by them.
Limited by guarantee: Here
the members’ liabilities are limited to the amount of money they
guarantee to pay in case the company is wound-up.
Unlimited liability: The
liability of members is unlimited in this type of private company.
Personal assets of members can be attached and sold when the company is
Checklist for Private limited company
- At least 2 shareholders- Maximum 200
- At least 2 Directors – Maximum of 15
- At least 1 director should be a
resident of India
- Directors and shareholders can be the
- An address that acts as a registered
address of the company