PRIVATE LIMITED COMPANY

A Private Limited Company is among the most preferred business structures in India, governed by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA). It requires a minimum of two directors and two shareholders — who may be the same or different individuals — with at least one director being a resident of India.

This structure is especially popular among startups and growth-oriented businesses, offering the advantages of limited liability, flexible ownership, and a streamlined management framework that supports scalability and investor confidence.

Benefits

• Limited Liability:  Shareholders are not personally liable for the company’s liabilities; personal assets are protected. 

• Perpetual Succession: Once incorporated, the company is legally independent, responsible for its assets, liabilities, debtors, and creditors. 

• Separate Legal Entity: The company remains unaffected by the death or resignation of members, ensuring uninterrupted existence. 

Registration Time & Causes of Delays

Typically, the registration of a Private Limited Company takes 7 to 10 working days from the submission of the SPICe+ form to the issuance of the Certificate of Incorporation, subject to approval by the Ministry of Corporate Affairs (MCA). However, several factors can affect this timeline:

• Incomplete Documentation or Errors:
  Any inaccuracies, mismatched information, or incomplete documentation can cause significant delays. It’s crucial to ensure all documents are correctly filled out, properly signed, and attached according to regulatory requirements.

• Name Approval Challenges:
  Choosing a company name that doesn't comply with MCA guidelines or is already registered can result in rejections and delays. Always conduct a thorough search using the Company Name Search tool before applying.

• MCA Portal or Server Issues:
  Technical glitches or slow response times on the MCA portal can interrupt submissions, lead to data loss, and cause unanticipated delays.

• Delayed Responses or Payment Processing:
  Failure to complete registration within the stipulated timeline after receiving name approval may require starting the process again. Additionally, delays in payment processing can further slow down registration.

• Jurisdiction-Based Variations:
  Processing timelines and specific requirements may differ based on the Registrar of Companies (RoC) jurisdiction, impacting overall registration time.

At Foundr-G, we are committed to ensuring a smooth, error-free, and timely registration process, empowering early-stage and growth-stage ventures, especially in sectors like Agri-tech and Clean-tech, to establish their foundation with confidence.

Documents Required To Register