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About Private Limited Company
One of the most popular way to start a business in India with a pre-defined objectives by a two or more members and maximum upto 200 members is by registering a Private Limited Company.
If you want to start a company in India then make sure that it is registered as Company with the Regulatory authority that is Ministry of Corporate Affairs. It is very important to register your company as its have multiple advantages from easy to register to easy to dissolve.
Startups and businesses with higher growth desire prefer Private Company as suitable business structure because of stability and growth opportunities offered by this structure .Further it assures separate legal existence from its members ,So ,it can involve into contracts and legal proceedings in its own name. Moreover a company’s status is unaffected from any change in members and management.
Advantages of Private Limited Company
There are multiple reasons to choose private limited company :
✓ Easily raise funds from Investors.
✓ Easy to allocate and redistribute shares to investors or other directors.
✓ Separate legal entity which limits your liability.
✓ More Credibility as Compare to others
✓ Easy to register, manage & run.
✓ Easy to dissolve or wind-up.
Procedure for Company Registration
Step 1: Complete the Form send by us and fill the details and send to us
Step 2: We will apply digital signature of the directors and it will take 1-2 days.
Step 3: We will File the Names submitted by you. Approval normally takes 3-4 Days.
Step 4: Once Name Approved we will file documents/Forms to ROC for Incorporation.
Step 5: ROC verify the Forms and Issue Registration Certificate.
Minimum Requirement for Company Registration
Minimum 2 Shareholders
Director can be Shareholder. Min. Shareholding 1 Nos. Share
Minimum 2 Directors
1 Director must be Resident Indian.
Minimum Rs. 1 Lac Share Capital
Paid up Capital can be Zero for Small Companies.
Address of Registered office
Office can be Residential or commercial and Rented or Self owned.
Documents Required for Private Limited Company Registration
PAN Card
Copy of PAN Card of all resident Director exception for Non Resident.
Photograph
Passport Size color photograph of all directors.
Identity Proof
Anyone : Aadhar Card, Driving license, Voter ID and Passport of all directors
Office Proof
If Rented Property Rent Agreement along with NOC by owner.
Address Proof
Anyone : Bank Passbook, Mobile Bill, Water Bill or Gas Bill of all directors
Utility Bill of office
Anyone : Electricity Bill, Telephone Bill, Water Bill or Gas Bill.
Frequently Asked Question(FAQ)
What is a Private Limited Company registration ?
Private limited company registration is a service which is provided by our firm to register your company within a period of 10 -15 working days and it is a most popular form to start a business governed by Ministry of Corporate Affair .
Is Private Limited Company structure suitable for my business?
The biggest advantage of starting a business with private limited company form of organization is the outlook by all outside parties towards the business. A private limited company is perceived to be more trustworthy compared to other business structures.
Is there is any requirement to be Physically present for the registration process?
The whole process is online ,you are not required to go anywhere just by filling the form and sending your documents ,the process will be done .
What are the Primary Requirements for setting up a Private Limited Company in India?
· A minimum of Two Directors and Two Shareholders (The Directors can also be Shareholders).
· A minimum authorized share capital of Rs. one lakh (it can be used for business whenever required and does not necessarily have to be kept in bank/company deposit all the time).
· PAN Cards of the Directors/Shareholders (Indian Nationals) or Copy of Passport (Foreign Nationals).
· Identity Proof and Address Proof of All Directors.
· Address Proof of the proposed Registered Office of the company.
Is there any qualification to become a director or shareholder in a Private Limited Company ?
Any individual can become a shareholder in a private limited company. For becoming a director in a company, no professional or educational qualification is required .
Except :- 1 ) Minimum age of 18 years.
2) For salaried person ,you need to go through the employment rules ,if that allow to do so .
Is It possible to register the company at the residential place ?
It is only possible if you provide sufficient proof whether owned or rented . This address would be where the company receives important information (if any) from the MCA or any other concerned authorities.
What is Director Identification Number (DIN) and Digital signature certificate (DSC) ?
DIN- Any person intending to become director in a company must apply for director identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN .if the person already has DIN ,then the same can be used .
DSC- It is the digital signature that is need to be affixed online and needed to file the form electronically with the concerned department. For the purpose of Company Registration of a private company, DSC for one of the Directors is required.
Can a private limited company own and carry multiple businesses ?
If it is mentioned in MOA and approved by the concerned department then it is possible to carry out multiple businesses in same field but unrelated activities like restaurant and IT business cannot be registered under the same company.
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