Private companies are the most common business formation option for startups and organisations looking to expand. Private Limited Companies are business companies controlled by a small number of persons. A private limited corporation provides stability and growth potential for entrepreneurs. Startups like the company structure because it allows them to readily acquire outside investment, minimise the liabilities of their owners, and give employee stock options to attract top talent. According to the Companies Act of 2013, a private limited company must have a minimum of two members and a maximum of 200 members to be formed. Company registration in India has also become more accessible and efficient thanks to the MCA online process.

A private limited company’s legal existence is distinct from that of its members. The Ministry of Corporate Affairs requires companies to hold board meetings and file yearly filings (MCA). They have a higher level of trust than an LLP or a General Partnership. Changes in membership and management have no effect on a company’s standing. A private corporation may issue debentures to an unlimited number of people, with the exception that public solicitation of debenture subscriptions is prohibited.

It usually takes 10–15 business days to complete a company registration. Filingbee’s goals are to provide the best level of customer satisfaction and quick service delivery. Our corporate secretaries and chartered accountants are all highly qualified individuals. Filingbee specialists provide constant support and communication throughout the procedure.