Pvt Ltd Company – Indian Residents

Who qualifies as a resident of India?

An Indian citizen or a foreign national who has legally stayed in India for 182 days or more during the financial year, with proper supporting documents, is considered a resident for company registration purposes.

What is a Private Limited Company?

A Private Limited Company (Pvt Ltd) is a registered business structure in India with limited liability and a separate legal identity. It is ideal for startups and growing businesses.

Key Features:

• Limited Liability: Shareholders are only liable for the amount they invest. Their personal assets are protected.
• Separate Legal Entity: The company can own property, sue or be sued, and enter into contracts independently of its shareholders.
• Private Ownership: Shares are not traded publicly. They can only be transferred with the consent of other shareholders.
• Perpetual Succession: The company continues to exist even if ownership or directors change.
• Compliance & Regulation: Must follow corporate laws and file annual returns with the Ministry of Corporate Affairs (MCA).

List of documents for residents:

1. Recent bank statement (≤2 weeks), in English, with address, transactions, bank stamp & signature
2. PAN card
3. Aadhaar card
4. Passport-size photo

Price: 2 founders / directors (residents of india): USD 1,200

All the services are inclusive of regular Government fees and not inclusive of notary fees.

Want more information? Read the article:

How to register a business in India. The Documents and the Procedure