Private Limited Company is the most popular corporate legal entity in C Scheme. A type of company that offers limited liability or legal protection for its shareholders but that places some restrictions on its ownership in C Scheme. These restrictions are defined in the company's bylaws or regulations (called MOA & AOA). Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required in C Scheme. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company in C Scheme. A Certificate of Incorporation (COI), along with PAN and TAN can be received post approval of the company registration process. You can officially open a current bank account with the Certificate of Incorporation and start your business operations in C Scheme.
