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Company Registration for Private Limited Companies

Company Registration for Private Limited Companies

  • Published on: Jan 07, 2022

Company Registration - Private Limited Companies

Inclusions of our Package 

  • Company Name approval.

  • DIN for 2 Directors.

  • DSC for 2 Promoters & 1 witness.

  • MOA & AOA

  • Company PAN Card.

  • Company TAN/TDS Number.

  • PF + ESIC + Professional Tax Registration

  • Certificate of Incorporation

  • Share Certificates

  • Bank account opening documentation support

Minimum Requirements for Company incorporation-

1. Minimum 2 Directors and 2 shareholders.

2. Directors and shareholders can be the same.

3. One of the director must be Indian Resident Director.

  1. Capital Requirement minimum 1,00,000 INR.

  2. DSC for 2 Promoters and 1 witness.

6. Unique Name of Company.

 

Documents required for Registration-

  1.  ID Proof of each Director
    Aadhaar Card
    Passport Copy
    PAN Card

  2. Residence Address Proof of each Director (any one)
    Bank Statement (up to two months old)
    Bank Passbook with last two months entries
    Latest Electricity Bill
    Mobile Bill (post-paid)
    Landline Bill (post-paid)

  3. 1 Colour Photograph of each Directors

  4. Place of Business Proof in India (any one)
    Electricity Bill
    Mobile Bill
    Landline Bill
    Gas Bill

  5. Affidavit from each Director on Rs. 100/- stamp papers

How we Work-

Complete our simple form-

Simply fill the form, soon our executive will contact you.

Document Submission-

With your confirmation our expert ask you to provide the documents.

ROC Filing-

Your documents will be filed and submitted to the ROC.

Get Certificate-

Congratulations you have registered your company. Get your Company Incorporation Certificate.

                                                                                                                   

Advantages of becoming Private Limited Company

 

1. Separate Legal Entity-

A company as a legal entity is capable of owning its fund and other properties. The property of the company is not the property of its shareholders. A company is a separate legal entity from its Directors and Shareholders. Hence, a company enjoys a wider legal capacity, to own property and incur debts - while the individual company members owe no liability towards the company’s creditors for debts.

2. Raising Loans and Funds-

A company is the only type of legal entity which can help the promoters raise equity funding from Angel Investors, Venture capitalists, Private Equity Firms and the Stock Exchange.

3. Limited Liability-

Limited liability is a legal responsibility towards a limited amount of debts. This limited liability protection is often not afforded to Directors of a company - who are held responsible for operation of a company. In a private limited company, only investment in business is lost, personal assets of the directors are safe.

4. Taxation-

Companies are often taxed at a lower rate and are provided with better taxable benefits as compared to other forms of business organisation.

5. Helpful in Start-up India Registration-

Under the Start-up India scheme you can avail lot of the benefits like raise the funds, subsidy for the trademark registration etc.

6. Transferable Ownership-

It is easier to subscribe or leave the membership of the company. Also it is easier to transfer the ownership. The easy transferability of shares is one of the top reason, Entrepreneurs opt to register a company.

7. Perpetual Succession-

A company is considered to be legally active until it is wound up by its members through a legal process. Hence, perpetual succession denotes continuous existence of a corporation or company till it is dissolved legally.

8. Selling the Business-

As business corporation value will be based on the business, not the owner, therefore making it easy to sell the company. Private Limited Company is easy to sell, very less documentation and cost is involved in selling a company.

 

FAQ

How to register a Private Limited Company?

Registering a company in India is very simple. First file an application for both “DSC and DIN” and when your application gets approved, you will receive a “certificate of Incorporation”

If you still require help registering your company, don’t stress over it, and allow our team of experts to guide you.

What is Authorized capital and Paid-up capital?

Authorised capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid up capital is the amount of shares issued by the company to shareholders. Authorised capital can be increased any time after incorporation to issue additional shares to the shareholders.

What is Digital signature?

A digital signature is an electronic signature used for signing the forms filed with ROC for incorporation of Company. Digital Signature provide validity to the signature.

Digital signature is just like a hand signature, but only in this case, it is used to affix with computerized reports.

What is DIN?

DIN is a unique identification number allotted by the Ministry of Corporate Affairs to an individual, who is appointed as a Director in a Company, and it is mandatory for all companies in order to create a database of the incorporated companies.

Is an address required in India to start a company?

Yes, every company registered in India must have a registered office where all official communication is sent by the MCA, governmental agencies, financial institutions, etc., The registered office of a company can be in any state of India.

Do I need to physically present for the incorporation of the company?

The whole process is online. So, a person needn’t go anywhere to register it. You are required to send in your documents via email and fill up our questionnaire to get it done.

What is MOA & AOA of the company?

MOA stands for Memorandum of Association and it reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of a Company. AOA stands for Articles of Association and it contains the regulations for management of the company.

What is Limited Liability protection?

Limited liability is the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, the liability of the shareholders with respect to the company’s liabilities is limited.

Who can be a Director in a Company?

Any person over the age of 18 years can become a director in a company. Also, there are no conditions on residency or citizenship. Hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India.

How do I check the availability of name for the company?

The company name should be Unique. It should not be Similar to any existing company. It is important to note our experts would provide you available choices, based on identical names already registered.

What is the process of Company registration?

Step 1: Obtaining Digital Signature (DSC)

Step 2: Application of DIN

Step 3: Name approval

Step 4: Drafting of MOA & AOA

Step 5: Form Spice+

Step 6: PAN and TAN application

Is GST registration mandate at this Stage?

GST applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.

 GST registration takes just 5-7 working days..

Can I introduce Foreign National as a Director?

Yes, provided that he or she has to apply for DIN from the Government of India.

Are there any hidden charges involved for registration?

No , there are no extra charges, except Govt stamp duty and Name reservation fee are involved.