Private Limited Company Registration
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Private Limited Company Registration
A Private limited Company is a company which is privately held by business owners. The members of a Private limited company have a limited liability with respect to the amount of shares respectively held by them. Private limited company is incorporated and regulated under the Companies Act 2013 & its registration is governed by Ministry of Corporate Affairs (MCA). Private limited company is a substantial option to start a business in India& it creates a huge possibility of Growth and Expansion. ExpertBells can help you with Private Limited Company registration at a very affordable price.
Process of Private Limited Company registration
Obtain DIN of all proposed Directors
To incorporate a Private Limited Company, DIN is required for all proposed directors.
Procure DSC of all proposed Directors
To incorporate a Private Limited Company, DSC is required for all proposed directors.
Approval of Name
The foremost part of the process requires that the name of the Company has to be approved by the ROC. The application for name approval shall be made considering the provisions laid down by the act.
Issue of Certificate of Incorporation
After reservation of the name, application for issuance of certificate of incorporation shall be made by online submission of Simplified Proforma for Incorporating Company Electronically i.e., SPICe Forms. Also drafting of MOA & AOA has to be done. Then ROC registers the company and issues a Certificate of Incorporation.
Advantages of Private Limited Company Registration
Separate Legal Entity
One of the important features of a Private Limited Company is that it is considered as a separate legal entity. Hence the company is responsible for its debtors & creditors and assets & liabilities and you are not responsible for it.
Limited Liability
The shareholders have a limited liability in case of a private limited company. In case, any obligation or debts arise, it would only be limited to the company. Shareholders liability is only limited to the capital subscribed and unpaid by them.
Raising of Funds
A private limited company allows individuals and entities to be part of the company. Funds can be raised from investors, venture capital firms, private equity firms and hedge funds
Trustworthiness
The details of the company are available on Ministry of Corporate Affairs (MCA) site from where the worthiness of the company can be checked. Details of directors are also available as they were provided during formation. Hence this form of business structure is a trusted one.
Pre requirements
- Minimum 2 directors & 2 members are required for incorporating a Private Limited Company with a minimum capital of Rs 1 Lac.
- Maximum no. of directors can be 15 and maximum no. of members cannot exceed 200.
Packages
Basic
What's included
- Private Limited Company Registration
- Incorporation Certificate
- Digital Signature Certificate (2 Nos.)
- MOA/AOA
- PAN/TAN
- Expert Consultancy
Basic
What's included
- Private Limited Company Registration
- Incorporation Certificate
- Digital Signature Certificate (2 Nos.)
- MOA/AOA
- PAN/TAN
- GST Registration
- MSME Registration
- Expert Consultancy
Basic
What's included
- Private Limited Company Registration
- Digital Signature Certificate (2 Nos.)
- Incorporation Certificate
- MOA/AOA
- PAN/TAN
- GST Registration
- Udyam Registration
- Expert Consultancy
- Expert Consultation
Basic
What's included
- Private Limited Company Registration
- Digital Signature Certificate (2 Nos.)
- Certificate of Incorporation
- MOA/AOA
- PAN/TAN
- Expert Consultancy
Frequently asked questions
1. What are the pre-requisites for incorporation of Private Limited Company in India
There should be minimum of 2 Shareholders and 2 Directors with minimum authorised capital of Rs 1 Lac.
2. Can Directors buy shares of a company?
Yes, Directors can also be Shareholders.
3. Can I start my company with a name which is already registered by any other existing company?
No, you can't but there is an order of selection of suitable name you can apply maximum of six names, indicating the main objects of the company.
4. Is it compulsory for every member to be a Resident of India?
At least one member must be a Resident of India, others can be a Non-Resident.
5. What is DSC? Is it compulsory for every company?
Digital Signature (DSC) is a physical signature in an electronic format.DSC is not required by Companies but by individuals. For example; the Director or the Company Secretary, signing on behalf of the Company requires a DSC.
6. How it is beneficial for small businesses to form Private Limited Company?
Credibility to business increases in the eyes of banks and other financial institutions, suppliers and potential clients. As it is easy for companies to get loans at lesser bank rates or convincing potential clients while entering into business deals.
7. Can general public buy the shares of Private Limited Company?
No, only partners can invest in their own company and be a shareholder. They can’t issue shares to general public.
8. How much time is required for Company’s Registration?
Generally it takes 8-15 Days in registration, but practically there is no fixed time limit.