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Private Limited Company Registration

Private Limited Company Registration

Market Price : Rs. 12,000

Offer Price : Rs. 8,400

Discount : Rs. 3,600 (30%)

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What is a Private Limited  Company ?

A Private Limited Company  is a popular business structure in India governed by the Companies Act, 2013. It is a company privately held for small businesses, where the liability of the shareholders is limited to their shares. This structure is favored for its flexibility, ease of raising capital, and separation of ownership and management.

Salient Features of a One Person Company

  • Limited Liability: Shareholders' liabilities are limited to their shareholding, protecting personal assets from business debts.

  • Separate Legal Entity: A Private Limited Company is a distinct legal entity separate from its shareholders and directors.

  • Perpetual Succession: The company continues to exist beyond the lives of its shareholders or directors.

  • Minimum and Maximum Members: A Private Limited Company must have a minimum of 2 members and can have up to 200 members.

  • Directors: A Private Limited Companymust have at least 2 directors, with a maximum limit of 15 directors.

  • Transfer of Shares: Shares can be transferred, but with restrictions as per the Articles of Association (AOA).

  • Name: The company name must end with "Private Limited" or "Pvt. Ltd."

  • Compliance Requirements: Higher compliance standards compared to sole proprietorship or partnerships, including regular filing of financial statements and annual returns.

    Advantages of Private Limited Company

    • Limited Liability Protection: Personal assets of shareholders are protected against company debts.

    • Separate Legal Entity: The company can own assets, incur liabilities, and enter into contracts independently of its owners.

    • Perpetual Succession: The company’s existence is not affected by changes in ownership or management.

    • Ease of Raising Capital: Easier to attract investors and secure funding compared to other business structures.

    • Credibility: Enhanced credibility with customers, suppliers, and financial institutions due to regulatory compliance and disclosure norms.

    • Growth and Expansion: Flexibility to expand by adding new shareholders and raising capital.

    • Stable Structure: The company’s existence is not affected by changes in shareholders, providing stability and continuity in business operations.

Procedure of Registration of Private Limited Company

  • Digital Signature Certificate (DSC): Obtain DSCs for the proposed directors to sign electronic documents.

  • Director Identification Number (DIN): Apply for DIN for the proposed directors using the SPICe Form (Simplified Proforma for Incorporating Company Electronically).

  • Name Approval: Submit the RUN (Reserve Unique Name) application to the Ministry of Corporate Affairs (MCA) for name approval. Ensure the name is unique and adheres to MCA guidelines.

  • Incorporation Form: File the SPICe Form along with the Memorandum of Association (MOA) and Articles of Association (AOA). Attach the required documents, including proof of identity and address for the directors.

  • Certificate of Incorporation: Upon verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation, officially recognizing the company as a legal entity.

  • PAN and TAN: Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Documents Required for Registration of Private Limited Company

  • Identity Proof: PAN card and Aadhar card of all directors and shareholders.

  • Address Proof: Bank Statement or Electricity bill of the all shareholder and director.

  • Registered Office Address Proof: Rent agreement, sale deed, or utility bill (not older than two months).

  • Consent of Directors: Consent to act as directors in Form DIR-2.

  • Photographs: Recent passport-sized photographs of the all shareholder and director.

  • MOA and AOA: Signed copies of the Memorandum of Association and Articles of Association.

Corporate Verdict: Your Partner in Private Limited Company Registration

Corporate Verdict is a team of experienced professionals dedicated to assisting entrepreneurs in establishing Private Limited Companies  effectively and affordably. We understand the complexities of the registration process and ensure a seamless experience for our clients. Our services include:

  1. Expert Consultation: Providing detailed guidance on the feasibility and benefits of forming an Private Limited Company.

  2. Documentation Assistance: Assisting in the preparation and filing of necessary documents.

  3. Compliance Support: Ensuring your Private Limited Company meets all regulatory requirements.

  4. Affordable Services: Offering cost-effective solutions without compromising on quality.

By choosing Corporate Verdict, you can rest assured that your Private Limited Company registration will be handled efficiently, allowing you to focus on growing your business.

For more information or to start the registration process, visit our website or contact our team today!

Have any Questions?

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