Private Limited Company Registration
What is Private Limited Company Registration?
To start a business in India, setting up a private limited company is highly recommended. This type of company Provides limited liability to shareholders with some restrictions regarding ownership. Company registration in India is essential to starting a private company. Private limited company registration is one of the most prominent legal structures for all the companies in India. A private limited company generally has two partners minimum and 200 members at the max. The directors of the private limited company mainly have limited liability to the creditors, and the creditors are allowed to sell the company's assets if there is a default scenario.
First, starting a new venture company registration is crucial as it provides authenticity to the proposed business structure.
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Benefits of Private Limited Company Registration:
Registering a company offers fantastic benefits, some of which are mentioned here. A registered company answers the authenticity of the business because it helps the business to a great extent.
- It shields personal liability and protects from other losses and risks.
- Attracts several customers
- Procure the bank credit and good investment from great investors easily.
- Better capital contribution and stability.
- Enhances the potential to grow big
Checklist to be followed for Private Limited Company Registration
Two directors
The private limited company should have at least two directors and a maximum of 15. One of the company's directors should be a resident of India.
A specific name
The business's name should be unique and not similar any existing companies in the industry.
Minimum capital contribution
For a company, there is no minimum capital contribution.
Registered office
The company's registered office doesn't have to be any commercial space. Even a rented home can be counted as a registered office.
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Company Registration Process
The process of registering the company is challenging. It involves several compliances, but you do not need to stress because our experts can help you with all the private limited company registration process stages
- Firstly you need to obtain the DSC.
- Once the DNS is applied, you can apply for the name application.
- To register a private limited company, you must submit MOA and AOA.
- Apply for the TAN and PAN of your company.
- A certificate of incorporation will be issued by ROC featuring PAN and TAN.
- Apply for the DIN.
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Documents Required for Registering a Private Company
Private limited company registration is incomplete without proper identity and address proof, so you must submit the documents mentioned here to register your company
- Scanned copy of pan card or passport in case of foreign nationals.
- Scanned copy of passport, driving license, or voter ID.
- Scanned copy of the latest telephone on mobile bill bank statement and electricity or gas bill.
- Scanned passport-size photograph specimen signature.
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