Private Limited Registration
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Overview
Private Limited Company Registration is the most popular form of “legal structure” for all businesses in India. A private limited company can have at least two members and a maximum of fifty members.The directors of a private limited company have limited liability to their creditors and only allow the banks / lenders to sell the company’s assets (in case of default). Lenders do not have the authority to sell directors’ personal assets. Make sure your company is registered to start a company in India.”Company registration” is the foremost mandatory step for the start of a new venture.
How it works
Register
Fill all the required information requested in the registration form.
Expect a call from us
Once we receive quote request, our experts will get in touch with you immediately.
Service Delivery
After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits
Separate Legal Entity
Uninterrupted existence
Limited Liability
Borrowing Capacity.
Owning Property
Capacity to sue and be sued
Dual Relationship
Free & Easy transferability of shares
Documents Required
PAN card and aadhar copy of all the Directors and Shareholders
Capacity to sue and be sued
Passport size photograph
Photo ID proof of directors, Voter ID or Passport or License
Proof of registered office, Updated gas or electricity bill or Property tax receipt
Passport copy or Bank statementof the Directors and Shareholders of the Company
Copy of rental agreement and no objection certificate from the owner of the property
Minimum Criteria to be met
Minimum 2 Shareholders
One of the Directors must be Indian Resident
Digital Signature Certificate (DSC) for the promoters
Minimum 2 Directors
The directors and shareholders can be same person
Director Identification number (DIN) for all the directors
What you will get
DIN for 2 Directors
AOA and MOA
Bank Account opening support
Company PAN Card
ESI and PF Registration
Business Incorporation Certificate
Payment Gateway Integration Support
Company TAN/TDS Number
GST Registration* (Auto Approval from ROC)
Frequently Asked Questions
The utmost typed question in the FAQ on the private limited company is a what is private limited company. A private limited Company restricts the number of members to 200. The private limited company can start with just two members only. A private company is a separate legal entity having perpetual succession, with limited liability only up to the share of capital. A shareholder is not personally liable to the amount of the debt and its personal assets won’t attach to pay the debt.
No, professional or educational qualification is required to become a shareholder in the private limited company. Any individual in the capacity of the person, with the sound of mind, can start a company.
The person should be of –
- Sound Mind
- Major of age
- Citizen or resident of India
Yes, sole proprietorship can be converted into private company registration after following the companies act, 2013 procedures.
Yes, any foreign nationals, entity or an NRI can become a director or shareholder of a private limited company in India.
No, a private limited Company cannot invite the general public top to subscribe to the company shares.
A private limited company needs a minimum of 2 directors and a maximum of 15 directors to register a company.
- Apply for name reservation of the Company in Part-A of the SPICe+ form.
- Apply for Digital Signature Certificate which is required to file the forms of company registration. The Procedure to register a company is online and requires DSC.
- Within 20 days of the approval of the name of the company the SPICe+ form which is an advanced combination of 8 forms shall be filled up and applied at once.
- DIN- Apply Director Identification Number.
- File the necessary documents like MoA, AoA, EPFO, ESIC, Identity Proof, Address proof, PAN and TAN to go for Private limited company registration.
- It is mandatory to fill up the AGILE form to obtain the GSTIN.
- Once the file is submitted on the MCA portal, it shall be scrutinised and certificate of incorporation shall be granted by the MCA Officer.
Any individual intends to become the director of the company must apply to the Director Identification Number, there is no special form is required to have the DIN from now onwards. One can apply for the DIN with the SPICe form. No special form is required.
Proof of the Identity and address is required to be submitted along with the requisite fee. The DIN usually takes 3-4 days to get approved. Once you get the DIN, the same can be used for the lifetime.
The Registered Office does not mean to be owned only; it can be rented premises also. The registered office is used for the purpose of holding a general meeting, keeping records and receiving correspondence from all the statutory government timely. It also specifies the jurisdiction of the registered office
Yes, we can easily change the registered office of the company any time after the specified procedure is completed. The changed address can be situated within the same state or in a different state, depending upon the conditions.
It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. It makes easier for companies to get loans at favorable rates from banks or in convincing potential clients while entering into deals
Ministry of Corporate Affairs has introduced a new form called the SPICe INC- 32 forms for the faster company incorporation. Apart from this, to register a private limited company, an e- MoA(INC-33) and e- AoA (INC- 34) are also to be submitted with the above form. It is important for fill these Form-1 for Declaration of compliance requirement. Form -18 for giving notice of the company’s registered office and Form 32 mentioning the particulars of the Director’s, Secretary or Manager.
There is no bar in particular on the minimum capital requirement to run a private company. Although an amount equal to Rs 500 are spent on the ROC Compliances of the private limited company. It would hardly take 40,000 to 50,000 to register a private limited company.
Yes, a private company is allowed to have foreign direct investment in their company.
Read our article:Private Limited Company Registration Procedure in India
The most basic and important documents required before starting up with the incorporation of the company is PAN card, Aadhaar card, ID’s, photo and contact details of all the directors, bank statement, electricity bill, rent agreement with the slip or proof of ownership.
Yes, perfectly suitable! The private limited companies have been a hugely popular form of business entity amid foreign investors for making the direct foreign investment (subject to FDI Guidelines)[1] in any country, by means of a wholly-owned subsidiary, a joint venture, etc.
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