Members- For Private Limited Company Registration in India, at least 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.

Limited Liability– The liability of each shareholder or members is limited. It means that if a company faces loss under any circumstances then its stockholders are liable to sell their own assets for payment. The personal, individual assets of the stockholders are not at risk.

Perpetual succession– The company keeps on existing in the eyes of law even in the case of insolvency, death, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing always.

Index of members- A private company has a authority over the public company as they don’t have to keep an index of its members whereas the public company is required to maintain an index of its members.

Number of directors- A private company must have two directors. With the existence of 2 directors, a private company can come into action.

Paid up capital- It should have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.

Prospectus- Prospectus is an exact statement of the company affairs which is expressed by a company for its public. However, in the case of private limited company, there is no such need to issue a catalogue because in this public is not invited to subscribe for the shares of the company.

Minimum subscription- It is the payment receive by the company which is 90% of the shares issued within a certain period of time. If the company is not able to receive 90% of the payment then they cannot commence further business. In case of private limited company shares can be assign to the public without receiving the minimum subscription.

Name- It is compulsory for all the private companies to use the word private limited after its name.

Members- At least two members and a maximum number of 200 members or shareholders are required as per the companies’ act 2013 before registration of the company.

Directors- At least two directors are required for registering the private limited company. Each of the directors should have DIN i.e. director identification number which is allotted by the ministry of corporate affairs. One of the directors must be a resident of India which means she/he should have stayed in India for not less than 182 days in a previous calendar year.

Name- It is one of the big components for a private limited company. The name of the company includes three parts i.e. the activity, the name and private limited company. It is mandatory for all private company to use the word private limited company at the end of its company name. Every company has to send 3-4 names for approval to the registrar of the company and all the names should be unique and expressive. The name for approval should not similar with any other companies name. So choosing the right company name is an valuable component is it will stay with the company throughout its life.

Certified office address- While going for the certification of the company, the owner should grant the temporary address of the company until it does not get register. However, when the company has been registered then its permanent address of its registered place should be suited with the registrar of the company. The Registered place of the company is where companies main affairs are been conducted and where all the documents are placed.

Obtaining digital signature certificate- In this modern world everything is done online. All certificates are submitted online and for that, every company must obtain a digital signature certificate which is used to verify the authenticity of the documents. A digital signature is acquired by all the directors which are marked on all the documents by every director.

Professional certification- In a company there are many specialists which have required for many purposes. For incorporating a private limited company by these professionals are mandatory. Various professionals such as chartered accountant, company secretary, cost accountant etc. are required to make their certification at the time of company incorporation.