Service Details

Private Limited Company Registration - A Complete Guidance :

A Private Limited Company is a very famous and the easiest form of Business Registration in India. Simply, it can be registered with a minimum number of two people. It is formed lawfully with legal protection and having Limited Liability for its shareholders. It is a company that is capable of holding privately for small businesses. All business assets, liabilities, and profit associated with the company itself and the shareholders are not fully responsible for debts brought on by the company.

Incorporation of a Private Limited Company becomes very easy for small businesses. It has a preferred structure for the startup India registration online. As it has growth opportunities and stability offered by its structure. Nevertheless, it assures separate legal existence from its members. So, it can be fully involved in legal proceedings and contracts in its own name.
Incorporation of Private Limited Company is an ideal form of business for service or product-based industries for the stability of growth. Because of its credibility as a corporate structure, private equity of a private limited company is preferred by banks and leading agencies.

Benefits of Private Limited Company :

Our business consulting services focus on four key areas to drive success for your company:

  • Separate legal entity

Separate legal entities are treated as separate “persons” in the eyes of the law. Company and its directors or shareholders are separate; they can enter into contracts, sue or be sued, acquire and own property, and engage in various legal transactions just like natural persons.

  • Limited Liability to Shareholders

The owners or shareholders will have limited liability, that means their personal assets are protected from business debts and liabilities. They are generally only liable for the amount of their investment in the entity.

  • Perpetual Existence
A separate legal entity has perpetual existence, that means it can continue to exist even if its owners or shareholders change, pass away, or sell their interests. This continuity of existence can make it easier for businesses to plan for the long term.

Documents required to register a Private Limited Company :

Requirements for Private Limited Company

Indian Directors

Foreign Directors

Identity Proof

Aadhar card/Passport / Voter Identity Card / Driving license.

Passport and National Id issued by the Government.

Residential Proof

Bank Statement/
Mobile Bill/Telephone Bill/ Electricity Bill

Bank Statement/
Mobile Bill/Telephone Bill/ Electricity Bill

Passport

Not Mandatory

Passport is mandatory.

PAN Card

Mandatory

Not Required

Registered Office Proof

Electricity bill/ Gas bill

Electricity bill/ Gas bill

Company Registration Process :

There are five steps are discussed here for a New Company Registration procedure:-
  • Application of DIN & DSC

First and foremost, the partners have to apply for Digital Signature and DIN, DIN refers to the Directors PIN number issued by MCA and a digital signature is an online signature used for signing up. If the directors have all these documents, then move forward by skipping this step.

  • Approval of the name

There should be three different names for your company that are provided to MCA for selection. The names should be ideally unique and describe the business.

  • MOA & AOA Submission

After the approval of the name, we need to draft Memorandum of association and Articles of Associate. Both are filled up with MCA with the subscription statement.

  • Apply for Incorporation Certificate

To apply for Company Incorporation, Spice+ Form has to be filed and submitted on the MCA portal. It generally takes 3-4 days to form a Private limited company and get an incorporation certificate. This certificate includes a CIN number and it is proof that the company has been incorporated.

  • Need to apply for TAN, PAN, and Bank Account

Now it’s time to apply for TAN and PAN which are received within 7 working days.

  • For Current Account Opening

You have to submit Company’s MOA, AOA, Incorporation Certificate, and PAN with a bank to open your company’s current account.

 

FAQs

Once a company is registered, can we add directors in the Company?

Yes, we can add directors post incorporation of company after taking approval from ROC.

Yes, a foreign individual can become director of the company by submitting his apostille and notarised documents to ROC

After the registration of the company, the below requirements need to be fulfilled:- The current account needs to be opened within 30 days of PAN Registration. The paid-up capital amount should be deposited which was mentioned at the time of registration Allot and issue shares

If it is mentioned in the MoA and approved by the registrar of the company, then yes it is possible to carry out multiple businesses.

We are famous among a large number of people due to our excellent incorporation services. You will get your Private Limited Company Registration at PAN INDIA at an economical price.

Scroll to Top