Private Limited Company Registration
Private Limited Company registration is the most popular legal structure option for businesses in India. Private limited company can have a minimum of two members and a maximum of two hundred members. The directors of a private limited company have limited liability to creditors. In a case of default, banks / creditors can only sell company's assets but not personal assets of directors. Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent. For a growing business, funding is very important, The Banks, Financial Institutions, and Angel Investors Invest mostly in a Company form of business. Hence we strongly advise register a company in India for your Startups. Contact us now for your new company registration.
Minimum Requirements of Private Limited Company Registration
Benefits of Private Limited Company
- Limited Liability
- Easy Transferable Ownership
- Perpetual Succession
- Helpful in Startup India Registration
- Capacity to sue and be sued
- Taxation benefits
Step Wise Procedure for Company Registration
STEP 1:- Apply For Digital Signature
As the application For Pvt Ltd Registration is filed online with Digital Signatures of the director, hence the process starts with the issuance of the digital signature for all the directors/promoters. Photo, ID and Address proof is to be submitted along with Form for issuance of DSC.
STEP 2:- Apply For DIN Number
It is a permanent number issued by the registrar of companies, as a unique identification number to the director of a company or designated partner of the LLP. For allotment of DIN, an application to ROC is made with Photo, Attested ID and Address proof duly attested by CA, CS or CMA.
STEP 3:- Filling of Name Application
Name of each company or LLP must be unique, new and should not be same or similar to an already registered company, LLP or a Trademark.
STEP 4:- Preparation of Incorporation Documents and Submission
Prepare document like MOA, AOA, AGILE etc and submit all document to registrar with prescribed fees.
Documents Required For Company Registration
Basic Documents to Start a Company Registration
- Passport size photos of directors.
- Identity Proof of directors (Any one document voter id, passport, Driving license).
- Address Proof of directors (Any one document- Rent agreement, electricity or bank statement).
- Proof of the registered address.
- PAN Card of Directors.
- Shareholding of shareholder/directors.
Timeline for Company Registration
Day 1 Activity
- Documentation for Company Registration.
- Select Name of New Private Limited Company Registration.
- DSC for All Promoters of The Company.
Day 2-6 Activity
- Name Approval for Company Registration and document preparation.
- Spice Form Filing to ROC for Company Incorporation.
Day 7 Activity
- On 7th day the Registrar of company is Issue of Certificate of Incorporation of the Company after the verification of the application for Company Registration is filed in Spice Form.
- Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the Company.
A private limited Company restricts the number of members to 200. The private limited company can start with just two members only. A private company is a separate legal entity having perpetual succession, with limited liability only up to the share of capital. A shareholder is not personally liable to the amount of the debt and its personal assets won't attach to pay the debt.
Yes, a small business can get its business register under private limited company registration in India. It provides them with the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. It helps the company to get the loans at little compliance from banks or potential clients while entering into the deals.
The person should be of –
a) Sound mind.
b) Major of age.
c) Citizen or resident of india.
Any individual intends to become the director of the company must apply to the Director Identification Number.
Yes, You can easily change the registered office of the company any time after the specified procedure is completed.
A private limited company needs a minimum of 2 directors and a maximum of 15 directors to register a company.
No, a private limited Company cannot invite the general public top to subscribe to the company shares.
Yes, the private limited company can be converted into private company registration after following the companies act, 2013 procedures.