Registration Experts

What is Private Limited Company Registration?

Private Limited Company is the most popular type of corporate legal entity in India. It is governed by the 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. 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 with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.Several features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

DSC is required for signing eletronic form on Mca website.this is compulsory for director.A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.

Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated.

Memorandum of Association (MOA) is the supreme public document which contains all those information that are required for the company at the time of incorporation. It can also be said that, a company cannot be incorporated without memorandum. It contains the objects, powers and scope of the company, beyond which a company is not allowed to work, i.e. it limits the range of activities of the company. 'Articles of Association' shortly known as AOA, is also a major document which contains all the rules and regulations designed by the company. Below you can see the basic differences between the Memorandum of Association and Articles of Association.

A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government. Its precise meaning depends upon the legal system in which it is used

Permanent Account Number (PAN) is a code that acts as identification of Indians, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act 1961.

In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.

Incorporation Documents are prepared and sent for Signatures.

Once ID proofs and signed documents are received, Digital Signature is applied for Directors

After DSC, application is filed with MCA for getting the DIN Number

Incorporation Application is prepared and filed with ROC

MCA check and Approves the Incorporation Application.

Permanent Account Number (PAN) is applied based on Incorporation Certificate after that TAN number is applied Once we receive copy of PAN card

Why Private Limited Company

Ease of Formation

A Private Limited Company can be incorporated with minimum 2 directors by filing Spice E Form INC-32 along with link form Spice MOA (INC-33) and Spice AOA (INC-34).. Once the documents get verified, certificate of incorporation has been issued by MCA within 2 to 3 days.

Separate Legal Entity

The biggest advantage of a Private Limited Company is that its identity is distinct from that of its members. A company is a separate person having its own rights & Obligations

Perpetual Succession

In case of death of the owner or transfer of shares, your business won't get affected. There will be no effect on firm's continuance.

Limited Liability

The greatest benefit of Private Limited Company is limited liability. If any liability arise then its member is not personally affected; members are only liable for unpaid shares held by them and not more than that. Stakeholders are not liable for corporate debts and liabilities

Investment

Flexibility to raise investments or loans from NRIs and Foreigners. Easy to raise investments and corporate loans

Transparency

Private Limited Company enjoys enhanced transparency thus able to win the trust of general public.

Minimum Compliances

Private Limited Company enjoys enhanced transparency thus able to win the trust of general public.

Secrecy

A Private Limited Company is not required to publish its accounts or file several documents. Therefore, it is in a better position than a public company to maintain business secrets.

Frequently Asked Questions

FAQ

How Many People are Required to Start a Private Limited Company

To incorporate a private limited company, a minimum of 2 people are required. A private limited company must have a minimum of two Directors and can have upto a maximum of fifteen Directors. A minimum of two shareholders and a maximum of upto 200 shareholders are allowed..

What is the Capital required to start a Company?

You can start a Private Limited Company with any amount of capital. As per latest circular, MCA has removed the 1 Lakh Capital Clause. Now a private limited company can be incorporated with less than 1 Lakh Rupees also..

How will registerationkart help me Register, I am not in Delhi

You will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office..

How long does it take to Incorporate a Company

We have a record on Incorporating a company in 2 Hours, The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process..

Can a Non Resident become a Share Holder / Director of a
Company

Yes, a NRI or Foreign National can be a Director in a Private Limited Company after obtaining Director Identification Number. However, atleast one Director on the Board of Directors must be a Resident India. Share Holding is subject to Foreign Direct Investment (FDI) Guidelines..

Documents required from Foreign Director

1. Copy of Passport 2. Copy of Address proof (Bank Statement or Driving License).

Documents required from Foreign Director

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company..

Can we open Private Limited company at Residential House

Yes you can register a company in any part of India, Residential Commercial or Industrial. .

What are the documents Required to Start a Private Limited Company?

PAN Card and Address proof is mandatory for all the proposed Directors of the Company. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof..

How long is the company registration valid?

Company has perpetual succession, that means company can never die. It will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years..

What are the Statutory Compliance's after Incorporating the company

A private limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year..

Documents to be Attested in case of Foreign National

Foreign National resident a) In a country in any part of the Commonwealth, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized by a Notary (Public) in that part of the Commonwealth. b) In a country which is a party to the Hague Apostille Convention, 1961, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized before the Notary (Public) of the country of his origin and be duly apostillised in accordance with the said Hague Convention. c) Other than above - shall be attested by Indian Embasy in that country; d) Foreign subscriber can visit India on Business Visa.

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Our Packages

Private Ltd Company Registration

₹ 6999

One Person Company Registration

₹ 6 499

Private Ltd Company Registration

₹ 6999

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What is Private Limited Company Registration?

2 DSC

2 DIN

MOA / AOA

COI

PAN

TAN

Digital Signature Certificate (DSC)

Director Identification Number (DIN)

Memorandum of association/Articles of association

Certificate of incorporation (COI)

Permanent Account Number (PAN)

Tax Deduction and Collection Account Number(TAN)

Package Includes

Steps/Process

Why Private Limited Company

Documents Required for Pvt Ltd Company Registration

Self certified copy of PAN card of all Directors - 2 Copies

Four color passport size photograph of each Director

Copy of any utility bill or bank statement in the name of Directors

Mobile & Email of all Directors, 2-3 proposed Name & Objects of Company

Copy of Business proof of premises where company will be registered

Self certified copy of address proof of all Directors - 2 copies, Anyone of Passport/Voter ID/Driving Lincense/Aadhar Card

Incase of rented premises - Rent agreement + Latest electricity bill in the name of landlord + NOC

Incase of owned premises - Copy of sale Deed + Latest electricity bill in the name of owner

Frequently Asked Questions

FAQ

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