Company Registration
- Limited liability.
- At least two members.
- Not more than two hundred members.
- Restricted rights to transfer shares.
- A minimum of two directors.
- No minimum capital requirement (earlier it was Rs. 1,00,000).
- Compulsory use of the words private limited.
- Noting the above words in the Memorandum is mandatory
A Private Limited Company is the most widespread as well as prominent type of corporate legal entity in our country. Its enrollment is administered and controlled by the Ministry of Corporate Affairs, Companies Act, 2013 as well as with the Companies Incorporation Rules, 2014. In order to enroll a private limited organisation, a minimum of two investors along with two directors are needed. A natural person can play the role of both an investor as well as a shareholder, whereas a corporate legal entity can only act as an investor. In addition, foreign corporate entities, NRIs or foreign nationals are permitted to be Directors and/or Shareholders of an organisation along with Foreign Direct Investment, building it into the favoured selection of entity for foreign supporters.
Exclusive qualities of a private limited company example separate legal entity status, perpetual existence, limited liability protection to shareholders, as well as ability to raise equity funds make it the most endorsed type of business for millions of small and medium-sized businesses that are family owned or professionally managed.
What do you mean by the term ‘Private Limited Company’?
A private limited company is an organisation that is privately grasped for small businesses. The responsibility and accountability of the members of a Private Limited Company is restrained to the amount of shares as held by them. The shares of Private Limited Company cannot be traded publicly.
Steps in Registration of Private Limited Company
- The following steps are involved in registration.
- Name approval by the MCA
- Obtaining Director Identification Number (DIN) as well as the Digital Signature Certificate (DSC) for the directors.
- Incorporation of the company.
- Filing MoA and AoA.
- Entering the list for TAN (if in case, the company deducts or collects tax at source).
For a smooth and continuous registration process, the following documents and details should be kept ready:
- Some options for name of the proposed company
- Amount of Share Capital and also the proposed ratio for holding the shares.
- A passage explaining the major line of commerce of the organisation.
- City of Registered Office of the company.
- Copy of ownership deed or sale deed (if you own the premises)
- Multiple Copies of PAN Card of directors along with the shareholders.
- Copy of latest serviceableness bills, for example electricity bill or telephone bill as proof of registered office.
- Any address proof for directors as well as shareholders (like: Driving License, Passport, or Voter ID)
- Copy of latest electricity bill, telephone bill, or mobile bill for directors.
- Occupation of directors as well as shareholders.
- E-Mail IDs of all directors and shareholders.
- Phone Numbers of all directors and shareholders.
- Photographs of all directors and shareholders.
- Duplicate of rent accord along with No Objection Certificate (NOC) from the landlord (if in case the office premise is rented).
- Affidavits for non- acceptance.
- If in case there is a change in the original subscribers of MOA, then the No Objection Certificate (NOC) is also required,
- Subscriber Sheets of MoA and the AoA.
- PAN Card of the company.
- Proof of Nationality which is needed if the subscriber is a foreign national.
PRIVATE LIMITED COMPANY REGISTRATION
| Basic | Standard | Premium |
|---|---|---|
| DSC & DIN | DSC & DIN | DSC & DIN |
| Company Name Approval | Company Name Approval | Company Name Approval |
| Company Registration | Company Registration | Company Registration |
| Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA |
| TAN & PAN | TAN & PAN | TAN & PAN |
| GST Registration | GST Registration | GST Registration |
| Issue share certificate and Pay Stamp Duty | Annual Secretarial Compliances |
LIMITED LIABILITY PARTNERSHIP(LLP)
| Basic | Standard | Premium |
|---|---|---|
| DSC & DIN | DSC & DIN | DSC & DIN |
| LLP Name Approval | LLP Name Approval | LLP Name Approval |
| LLP Registration | LLP Registration | LLP Registration |
| Drafting & Filing LLP Agreement | Drafting & Filing LLP Agreement | Drafting & Filing LLP Agreement |
| PAN Application | PAN | PAN |
| GST Registration | GST Registration | GST Registration |
| Corporate Law Compliances | Corporate Law Compliances | |
| Book Keeping upto the turnover of ten lakhs or 250 entries whichever is higher |
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