A Private Limited Company is an enticing business structure that combines limited liability protection for shareholders with the potential to raise capital through share issuance. It comes as no surprise that this form of company registration is a popular choice among entrepreneurs and small business owners seeking growth and financial security.
Navigating the registration process can be intricate, but fear not! Our team of seasoned experts stands ready to guide you through every step with ease. From obtaining essential Digital Signature Certificates and Director Identification Numbers to filing the incorporation documents with the Registrar of Companies, we’ve got you covered.
But our assistance doesn’t stop there. Post-registration, we continue to support you with various compliance requirements, including record maintenance, filing returns, and statutory compliance. We understand that starting a business can be overwhelming, so our mission is to streamline the process and alleviate stress.
Our ultimate goal is to accelerate your business journey, allowing you to focus on what you do best – growing and managing your company. With our comprehensive services, we make it our priority to get your business up and running swiftly and efficiently.
So, if you’re ready to turn your business dreams into reality and establish your very own Private Limited Company, we encourage you to connect with us today. Let us answer any questions you may have and provide you with a detailed quote for our services. Embrace the future with confidence, knowing that you have a trusted partner to guide you towards success!
A Private Limited Company is a type of business entity that operates as a separate legal entity from its owners, known as shareholders. This form of company registration offers limited liability protection to its shareholders, meaning their personal assets are safeguarded from the company’s debts and liabilities. In the event of financial losses or business debts, the shareholders’ liability is limited only to the amount they have invested in the company.
Limited Liability: Shareholders’ personal assets are not at risk, and their liability is limited to the amount they have invested in the company.
Separate Legal Entity: The company is recognized as a separate legal entity, distinct from its owners, which allows it to enter into contracts and own assets in its name.
Perpetual Succession: The company continues to exist, regardless of changes in its shareholders or directors, ensuring continuity and stability.
Minimum and Maximum Shareholders: A minimum of two shareholders and a maximum of 200 shareholders are allowed in a Private Limited Company.
Minimum and Maximum Directors: A minimum of two directors and a maximum of 15 directors are allowed, with at least one director being an Indian resident.
Unique Name: Choose a unique name for your company that is not already in use. The name should comply with the naming guidelines set by the Ministry of Corporate Affairs (MCA).
Registered Office: Provide a valid address in India as the registered office of the company. This will be the official address for all communication.
Directors and Shareholders: Appoint at least two directors and have a minimum of two shareholders. The directors and shareholders can be the same individuals.
Digital Signature Certificate (DSC): Obtain DSC for all the proposed directors, as it is required for filing electronic forms with the MCA.
Director Identification Number (DIN): Each director must obtain a DIN, which is a unique identification number issued by the MCA.
Memorandum of Association (MOA) and Articles of Association (AOA): Prepare the MOA and AOA, which outline the company’s objectives and internal rules and regulations.
Name Reservation: Apply for the availability of the chosen company name through the MCA’s RUN (Reserve Unique Name) web service.
Incorporation: File the incorporation application (SPICe) along with the required documents, including MOA, AOA, and address proof, with the MCA.
Certificate of Incorporation: Upon successful verification, the Registrar of Companies (RoC) will issue the Certificate of Incorporation, officially establishing the company.
PAN and TAN: Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) with the Income Tax Department.
Bank Account: Open a bank account in the company’s name to conduct financial transactions.
Registering a Private Limited Company in India offers numerous advantages, including limited liability protection, credibility, and access to funding opportunities. By following the proper procedures and fulfilling the necessary requirements, entrepreneurs can set the stage for a successful and prosperous business journey in India. Always consult with legal and financial professionals to ensure compliance with all applicable laws and regulations during the registration process.
