Private Limited Company Registration In India
Have Queries? Talk to CECL Experts
Have Queries? Talk to CECL Experts
Incorporating a company in the form of a Private limited company is the most recommended and globally accepted form of business. Anyone, whether government, investors, bankers, customers or the general public can easily recognize that it is a private limited company whose name ends with his Pvt. Ltd. or Private Limited or (P) Ltd. and has become the preferred choice for company registration in the Indian startup ecosystem.
By registering your company as a private limited company, you give it a name, legal protection, and access to a wide range of fund-raising opportunities from angel investors, venture capitalists, private equity investors, incubator funds, and other banking in India programmes.
If you have a business idea and wish to kick-start your entrepreneurial journey, your first step should be to incorporate your company (startup). There are a few ways to incorporate your company, but our experts at ComplianceEase.IN would suggest you Private Limited Company Registration. The other ways to incorporate your company are -
Partnership Firm RegistrationProprietorship Firm RegistrationLLP Firm RegistrationOPC RegistrationSection 8 Company RegistrationWith ComplianceEase.IN, you can complete your private limited company registration reposeful. Our team of experts will take all the relevant information, and you can wait in the comfort of your home while your pvt ltd company registration will take a maximum time of 10 days. You need to upload all the documents, and you are set to complete your pvt ltd registration online.
The complete process of pvt ltd registration online is tiring and complicated. Don't worry, our experts will guide you in each step and help you make an informed decision each time. We are just mentioning all the steps for you to understand the complete registration process smoothly. Here are the steps -
A digital signature certificate of all the company's directors is required to file the registration form. A digital signature is equivalent to your signature, and you can obtain its certificate from government-recognized certifying authorities.
DIN is a unique director identification number for any person who is willing to be a director in any company. It is allocated by the central government. There are 3 options to get DIN-
Option 1- By filing form DIR 3Option 2- By filing SPICe+Option 3- By filing through the experts of Compliance EaseAll the companies should have unique names for easy business doings and to avoid any confusion. To ensure this, the government verifies your business name at the start itself. No two companies can have the same name.
In 2020, the government enacted Form SPICe+ for the registration of new companies. It is the most important form for your pvt ltd company registration. It is completely digital and this Form SPICe+ has two parts, Part A and Part B.
At last, two forms of MOA and AOA need to be filed completely online. MOA represents the company's charter and AOA represents all the company's rules and regulations.
Registering a private limited company online is a tiring and complicated process that requires a team of experts. Don't worry and connect with ComplianceEase.IN for a seamless private limited company registration.
Private Limited Company is registered under the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA) with its extended hand called Registrar of Companies of the respective states where the company will have its registered office address.
To register your start-up as Private Limited Company, there are certain set of documents required to begin with the registration procedure of Private Limited Company under the regime of Central Registration Centre (MCA).
You will be glad to know that most of the documents which are filed with the Department are drafted by us for your convenience. List of documents required from your end:
Each potential director and shareholder must provide identification proof. PAN Card copies for Indian citizens and apostilled/notarized copies of passports for foreign nationals will serve as identity proof. Self-attestation is required for all documents.
The proposed shareholders and directors must each provide two address proofs. One is a driver's licence, passport, or voter identification, while the other is a bank statement, an electric bill, a phone bill, or a mobile bill.
For each nominated director, a mobile number and email address are necessary. It should be emphasised that the mobile number and email address must belong to the directors alone and cannot be shared with any coworkers or close family members. Additionally, the Company must provide one of its email addresses.
It is required to indicate the educational background of the nominated directors. It is not necessary to present documentation of your educational background. The CRC (MCA) does not request that its copies be included with the documents of incorporation.
A current copy of the gas, electric, mobile and telephone bills are needed. It is also necessary to have a rental agreement, lease, or sale deed, as well as a NOC from the landlord approving the use of the space as a registered office. If the property is owned by one of the directors, a rent agreement is not necessary.
At long last, in light of the above reports gave we set up the drafts records according to the organization regulation which are expected to be submitted to CRC (MCA). At ComplianceEase.IN, we simplify it with our experience and information on normal Organization Enlistment for you. You are not expected to visit any spot and we will finish the organization enrollment strategy at the solace of your home as the interaction is totally on the web.
Note: In addition to the above documents, you need to share with us the desirable company name and we will check its availability. Scope of the company, proposed share capital, place of business, profit sharing ratio are some of the basic information we do require from your end.
The company registration is a legal process requiring knowledge of company law as well as attestation service by a Professional who must be either Company Secretary or Chartered Accountant or Cost Accountant. It is always prudent to consult a professional than a consultant in the company registration journey to make it seamless with zero apprehension of wrong submission of documents and declaration. At Compliance Ease Cure LLP, we have dedicated team for registration of companies anywhere in India. Recently, the MCA changed the Incorporation procedure to include DIN allotment, Issuance of PAN, TAN, GST, EPFO, ESIC, Profession Tax (only in Maharashtra) and Opening of Bank Account. The registration is done through Spice+ which has basically two parts:
Name Reservation (Applicable to New Companies only)
Company IncorporationApplication for DINPAN ApplicationTAN ApplicationGSTIN ApplicationEPFO RegistrationESIC RegistrationOpening of Bank Account for the CompanyProfession Tax Registration (only for Maharashtra)Book a free consultation with Company Registration Professional at Compliance Ease Cure LLP today and do not let your dreams of becoming an entrepreneur take halt in the way to success.
One of the best features of Private Limited Company registration is that the liability of the person who invests money into the business (also known as shareholders) will be limited to the amount invested by them which also means that personal property of the promoters will remain safe and secure. This limited liability builds confidence of young entrepreneurs to fulfil their dream of having their own Company.
The separate legal entity feature gives your company to keep yourself and the company at length recognizing its own separate identity. In the eyes of law, Company and its Representatives are different personalities and Company can sue and be sued on its own name without the name of its shareholders or directors.
This is what makes the registered company different from proprietorship or partnership firms where on the death of proprietor/ partners, the firm ceases to exist but in case of registered company, even the death of all directors/shareholders cannot stop the company to exist.
During the lifetime of the Company, if all or any of the shareholders wish to exit from the company, they can do so by simply transferring their shares. It is very easy to transfer shares to other person by way of share transfer arrangements. This gives shareholders the freedom to take informed decision whether to continue or not at any given point of time.
Company being a legal person can own property on its own name through its Legal Representative. The Property includes Intellectual Property (IPR) such as Trademark, Copyright, Patent and Design too. Company can also mortgage property the same way as a natural person to banks or any other financial institution.
Company being a Legal Person, when there comes a requirement to borrow capital or funds, it can be done through various modes of borrowing. Some of them could be Private Equity/ Angel Investor/ Venture Capitalist/ Short-term capital from Directors or their Relatives and Debts through Banks or FIIs.
Any Investor who is looking to make investment generally prefers Private Limited Company than any other business structure. This is what makes a Private Limited Company investment ready. A Company can also get itself registered under DPIIT (Earlier DIPP) Scheme of Start-up India under Ministry of Commerce & Industry, Govt. of India to enjoy numerous benefits which the Indian Govt comes up time to time.