Private Limited Company

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    Online Pvt Ltd Registration In India

    In India, the best and most common type of company registration is a Private Limited Company registration. Mostly Startups are registered today as Private Ltd. It is a distinct legal entity with its own life as well as a Pan card. The Ministry of Corporate Affairs oversees it under the Companies Act of 2013. (MCA).Any Person can easily transfer the shares to other person to quit from the company anytime or closed the company within legal rules easily.

    Eligibility Criteria for Pvt Ltd Registration

    • Minimum Directors-2
    • Minimum Shareholders-2
    • Minimum Capital- No Limit.
    • At least one Indian resident is required for citizenship.
    • Home or any location in India can be used as a registered office.
    • Minimum Capital required-No limit

    * The maximum amount of capital that a company can raise through the issuance of shares to shareholders is known as authorised capital. …
    For Example: Suppose a firm has an authorized or licensed capital of ₹50,00,000, then it can issue shares worth up to ₹50,00,000 to its shareholders and can’t issue anything beyond it unless increase in authorized capital again.

    * Government fee has been calculated on minimum contribution for pvt ltd registration of Rs.1 lakh within the refill form.
    * Stamp duty can differ from one state to the next and be paid accordingly.

    Our Process for Pvt Ltd Registration

    -1 Working Days

    Digital Signature Certificate

    DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

    -1 Working Days

    Director Identification Number

    ODIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA (Ministry of Corporate Affairs) allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

    -5 Working Days

    Name Approval

    Once we obtain the DIN and DSC of the directors, a list of minimum one or maximum 2 Proposed names of the company in preferential order will be submitted to MCA (Ministry of Corporate Affairs) for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business and end with the words 'Private Limited' in order to avoid the rejection. We get your company name approved subject to availability and naming guidelines.

    -8 Working Days

    Incorporation Documents

    After taking name approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. Simultaneously, we will apply for PAN and TAN of your company.

    Documents Required for Pvt Ltd Company

    ID Proof

    Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License

    Address Proof

    Latest Bank statement/ Utility bill in the name of director should not be older than two months

    Photo

    Latest passport size photograph of all the directors

    Registered Office

    (NOC), Utility bill,  Rent agreement (if rented)/ Registry Proof or House Tax Receipt (if owned)

    What will you get

    DSC

    Digital signature for two directors

    MOA

    Defines the rules and objective of the business

    AOA

    Defines the rules and objective of the business

    PAN

    PAN number of the company

    TAN

    TAN number of the company

    CERITIFICATE

    Certificate of incorporation

    Benefits of Pvt Ltd Registration

    Protection to Directors personal assets

    Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.

    Better image and credibility in Market

    Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.

    Easy to attract Employees

    For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well as motivate them with corporate designations and stock options.

    Favorite Business structure for Investors

    Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company.

    Easy to raise funds and loans

    Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.

    Easy to Sell

    Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.