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Private Limited Company Registration
This is the most prominent and established type of corporate legal entity in India. The Process for registration of Company is seamless and its completely online. However, a few step processes are to be carried out for smooth registration. Hence, consider our professional Services to register your Company.
Overview Private Limited Company Registration
Setting up your business in the India is straightforward. The choice of the right business structure will affect many factors starting from your business name, your liability towards your business, and also how to file your taxes and statutory dues. After taking into consideration the different types of Business Registration, If you want to incorporate a company as a separate legal entity in the India, forming a private limited company is the most popular option.
Start-ups and growing companies prefer this form of business registration because of its beneficial features like limited liability, easy fund raising and separate legal entity from its shareholders and directors.
A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. Incorporated within 5 working days if all the query fulfilled on given timeline.
If you want to start a company in India, make sure you get Online Company Registration from our experts’ help.
Benefits of Private Limited Company
Let’s me take a faster look of the benefits of Private Limited Company Registration in India.
Eligibility Criteria for Private Limited Company Registration
1. Director and shareholders
Minimum 2 Directors and shareholders. Director can also act as shareholders of the Company.
A Company can have upto 15 Directors and 200 Shareholders as per the Companies Act, 2013.
Passport and other Documents is mandatory in case of foreign nationals’ shareholder.
At least one Director of the Company need to be resident in India.
2. Capital Requirements
There is no minimum capital requirement for Private Limited Company. However, Investment shall be made as per the requirement of the Company. Separate Registration fees and Stamp Duty is calculated based on the Capital of the Company at the time of Registering a Company.
3. Unique Name
The Company shall have a unique name which shall not be similar to the existing company registered in india and the name shall not similar to any registered or applied trademark in India.
4. Registered Office
The Company shall have registered office. However, there is mandatory requirement for a commercial space. Your residence space, owned or rented, can be your registered office. In case of rented property, NOC from landlord is mandatory.
Process of Private Limited Company Registration in India
Application for DSC
- Company incorporation is a complete online process and Hence all the requisite application forms shall be digitally signed by directors and subscribers to the memorandum.
- Obtaining a DSC is also online process which can be completed in 1 Day time.
Check Name Availability of Company and reservation of Company Name
The First and very vital decision is to choose name of the Company which resembles the object of the proposed Company. The name of the company must not go against any provisions of any intellectual property law in force in India. The draft Object of the proposed Company shall be finalized at this stage.
Filling of online application for Incorporation
After Name Approval, Application for incorporation of Company shall be made in Spice Form (INC-32). This is a simplified proforma for incorporating a company. This form is accompanied by e-MOA(Memorandum of Association), e-AOA(Article of Association), AGILE-Pro (Details for registration under EPFO & ESIC/ GST / Bank account Opening), PAN and TAN Application.
Approval of application for Incorporation
Upon verification of documents submitted by the Company, Application for Incorporation of the Company is approved by Ministry of Corporate Affairs. Post approval Ministry of Corporate Affairs will issue PAN, TAN, Certificate of Incorporation, ESIC Registration.
Bank Account Opening
Post Incorporation, its very important to open a Bank account. We at estabizz fintech will help you to open current bank account and file Commencement of Business (INC-20A) with MCA.
Documents Required for registration of Private Limited Company
Identity and Address Proof of Directors and Shareholders
- Passport size photographs of the directors
- Copy of Aadhar Card
- Copy of Driving License or Voter ID or Passport
- Copy of PAN Card
- Copy of bank statement or utility bill (not older than two months)
- Copy of Passport (in case of foreign national or NRI)
Address Proof of Register Office
- Copy of electricity or any other utility bill (not older than two months)
- Rent agreement (if rented)
- No Objection Certificate (NOC) from the owner of the property
Time Required to Established a Private Limited Company
As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 5-7 business days.
5 Easy Steps to Apply For Private Limited Company Registration
Document you will get After Registration of your Private Limited Company
- Certificate of Incorporation
- Permanent Account Number (PAN) of the company
- Tax Deduction or Collection Account Number (TAN) of the company
- Articles of Association (e-AoA)
- Memorandum of Association (e-MoA)
- Direction Identification Number (DIN)
- Digital Signature Certificate (DSC)
- EPF and ESIC registration documents
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