Private Limited Company

Ideal for start-ups going for funding & growing business

What is a Private limited company?

Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India.

A private limited company can have a minimum of two members and a maximum of fifty members.

The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).

The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India.

“Company Registration” is the foremost mandatory step for the beginning of a new venture.

The private limited company registration process is very important, as it provides authenticity to your proposed business structure. Though you need to make sure that you have all the required “Private limited company registration documents”.

In the long run, the registration will provide you a great number of advantages such as “from registering in a hassle-free manner to dissolving easily also.”

“Start-ups and growing companies” prefer the tag of a “Private limited company”.

This list is also known as “Private limited company registration checklist”.

  • PAN Card of all the directors.
  • Passport size photographs of the same must be shown
  • Either the “Aadhaar Card or the Voter identity card”, has to be presented during the process.
  • If the company property is on rent then the rent agreement is to be shown.
  • One of these two:- Electricity/ Water bill but any of them must be of the business place only
  • Property papers (owned)
  • Landlord NOC (Format will be provided)

 

  1. Complete our Simple Form

You need to fill our simple company registration form and submit documents for the formation of a company.

  1. Obtain DSC and DPIN from us

 After submitting your documents we will provide you with DSC and DPIN

  1. Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

  1. Document Submission

 We will create all the required Private limited company registration documents and file them with ROC on your behalf

  1. Your work is completed

 You will receive documents and DSCs, upon the incorporation of your company.

 

Application of DSC & DPIN:

In the first step, all the partners have to apply for a Digital signature and DPINDigital signature refers to an online signature used for filing.

And DPIN refers to the Directors PIN number issued by the “MCA”.

If the directors already have both the “DSC and DPIN” then this step can be skipped.

These steps help you in completing the “Private limited company registration checklist”.

Name approval:

You need to provide 3 different options for your company name to the MCA, of which one will be selected.

Names provided should ideally be unique and suggestive of the company’s business.

This step helps you in fulfilling the “Private limited company registration name availability” criteria.

MOA & AOA submission:

Upon name approval, one must draft both MOA and AOA, so that they can be filed with the MCA. Also, it is mandatory to attach the “Digital Signature Certificates (DSC)” with both of them.

Upon completion of this step, you will move an inch closer towards receiving a “Private limited company registration certificate”.

Get the incorporation certificate:

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate.

Incorporation certification acts as proof of the fact that the “company has been created” (It also includes your CIN number).

This is one of the most important “Private limited company registration documents”.

Apply for PAN, TAN, and Bank account:

Apply for PAN and TAN (both are received in 7 working days), then make sure to submit the Incorporation certificate, MOA, AOA and PAN with a bank, to open your bank account.

Note: You will also have to pay “Private limited company registration government fees” during the process.

 

There are multiple reasons to get your company registered as a “Private limited company”:

  • Preferred by banks, VCs & investors.
  • Easy to allocate and redistribute shares to other directors/ people who have invested money in the company.
  • Acts as a separate legal entity which limits your liability.
  • Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.
  • Easy to register, manage & run.
  • The company can be very smoothly dissolved.

 

Who should file an ITR?

An individual whose annual income is more than the basic exemption limit of Rs 2.5 lakh should file an ITR. The basic exemption limit for senior citizens (60 years onwards and less than 80 years) is Rs 3 lakh, and for super senior citizens is Rs 5 lakh.

 

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