A Private Limited Company is one of the most popular business structures in India, regulated under the Companies Act 2013 and overseen by the Ministry of Corporate Affairs (MCA). It requires a minimum of two directors and two shareholders, who can either be the same or different individuals, with at least one director being a resident of India.
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Shareholders are not personally liable for the company's liabilities; personal assets are protected.
Once incorporated, the company is legally independent, responsible for its assets, liabilities, debtors, and creditors.
The company remains unaffected by the death or resignation of members, ensuring uninterrupted existence.
Registration typically takes 7-10 days from submitting the SPICe+ form to receiving the Certificate of Incorporation, subject to MCA approval.
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Nexlio Startup was created with the goal of supporting Micro, Small, and Medium Enterprises (MSMEs) by helping them navigate government schemes that can drive business growth.
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