Private Limited Company Regsitration
Private Limited Company is the most prevalent and popular type of corporate legal entity in India.
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Overview
Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Advantage
- It is flexible and has limited liability
- Better image and credibility in Market
- Easy to raise funds and loans
- Favourite Business structure for Investors
- Easy to attract Employees
- Possibility to grow big and expand
Registration Process
Obtaining DSC & DIN
Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 2 days.
Name Approval
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Company Registration
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
PAN, TAN and Bank Account
To obtain PAN & TAN Number of company and Prepare documents for open bank account.
Documents Required
- PAN Card of Directors
- Address Proof of Directors
- Passport Size Photo of Directors
- Electricity Bill of Registered Office
- Rent Agreement of Registered Office
- NOC from Landlord
Information Required
- Main Object of Company
- Four Proposed Name of Company
- Authorised & Paid Up Capital
- Mail ID and Mobile Number of Director
- Number of Directors in Company
- Number of Shareholder in Company
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Frequently asked questions
You need to arrange very simple documents of directors like photograph, Pan card and one address proof. For more details, please fill the above details and Get Started Now.
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.