Private Company Registration

Private Company Registration

Private Limited Company, is the best corporate structure to start your own business. It can be registered with minimum two members and maximum with two hundred members. The private limited company is juristic, and the liability of members is limited to their shares. The private limited company can be registered within 10 days. A private limited company must hold board meeting and file annual returns with MCA (Ministry of Corporate affairs). Private limited company has more credibility than an LLP or General Partnership. Venture capitalist and Angel investor prefers to invest in a private limited company. We will extend our support in documentation, preparation, filing and subsequent Follow-up with ROC.

Requirements

  • Minimum Shareholders: A Private company can be registered in India by at least two persons who shall act as the shareholders of the Company and maximum 200 shareholders.
  • Minimum Directors: Minimum 2 director required & maximum 15 directors. At least on director of the company shall be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days can be in phases.
  • Capital Requirement: Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital.
  • Unique Name of Company: The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.

Documentation

  • Identity Proof & address proof of each promoter
  • Identity proof & address proof of each directors with photograph
  • PAN Card of each director and promoter
  • Signed declaration(s) from promoter and director
  • Proof of Registered Office of the Company
  • Utility bill as proof must be latest with NOC from owner of premises

Registration Process

    • Digital Signature: As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two of directors.
    • Name Approval: The Company name must be unique and should not be same or similar to an existing company, LLP or a trademark.
    • Filling of Incorporation: One single application (spice 32) is filed for incorporation of the company. with the approval of this the Certificate is Issued.
    • PAN, TAN: The IT Department allots PAN & TAN, which is mentioned on the certificate of incorporation.

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