Private Limited Company Registration

Private Limited Company Registration

Market Price : Rs. 17,000

Offer Price : Rs. 11,900

Discount : Rs. 5,100 (30%)

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What is a Private Limited Company?

A Private Limited Company is a highly sought-after form of business in India as regulated by the Companies Act, 2013. It is a privately owned company for small-scale enterprises in which the shareholders' liability is capped at their shares. The arrangement is preferable because of its ease, freedom in raising funds, and the ability to demarcate ownership from management.

Key Features of a One Person Company

Limited Liability: The liability of the shareholders is limited to the shareholding and does not include personal assets in case of debts to the business.

Separate Legal Entity: A Private Limited Company is an independent legal entity distinct from the shareholders and directors.

Perpetual Succession: The company will survive forever despite the deaths of its shareholders or directors.

Minimum and Maximum Members: A Private Limited Company has a minimum requirement of 2 members but can have a maximum of 200 members.

Directors: A Private Limited Company must be having a minimum of 2 directors, but the maximum can be 15 directors.

Transfer of Shares: Shares are transferable, but subject to limitations as stated in the Articles of Association (AOA).

Name: The name of the company should end with "Private Limited" or "Pvt. Ltd."

Advantages of Private Limited Company

Limited Liability Protection: Shareholders' personal assets are shielded from company liabilities.

Separate Legal Entity: The company is able to acquire assets, incur debts, and enter into contracts separately from its owners.

Perpetual Succession: The life of the company is not influenced by changes in ownership or management.

Ease of Raising Capital: Easier to entice investors and raise capital than other forms of business.

Credibility: Enhanced credibility with financial institutions, suppliers, and customers as a result of regulatory compliance and disclosure standards.

Growth and Expansion: Freedom to grow by issuing new shareholders and raising capital.

Stable Structure: Existence of the company is independent of changes in shareholders, resulting in stability and continuity of business operations.

Procedure of Registration of Private Limited Company

Digital Signature Certificate (DSC): Procure DSCs for the intended directors to sign digital documents.

Director Identification Number (DIN): Apply for DIN for the intended directors through the SPICe Form (Simplified Proforma for Incorporating Company Electronically).

Name Approval: File the RUN (Reserve Unique Name) application with the Ministry of Corporate Affairs (MCA) for name approval. Ensure the name is unique and in line with MCA guidelines.

Incorporation Form: Submit the SPICe Form together with the Memorandum of Association (MOA) and Articles of Association (AOA). Support it with the supporting documents, such as identification proof and address proof of the directors.

Certificate of Incorporation: After verification, the Registrar of Companies (ROC) will grant a Certificate of Incorporation, formally acknowledging the company as a legal entity.

Documents needed for registration of Private Limited Company

Identity Proof: PAN card and Aadhar card of director and shareholder.

Address Proof: Bank statement or Electricity bill of all director and shareholder.

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

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

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

Corporate Verdict, Your Partner in Private Limited Company Registration

Corporate Verdict is a group of expert professionals committed to helping entrepreneurs incorporate Private Limited Companies efficiently and inexpensively. We are aware of the intricacies involved in the registration process and provide a smooth experience for our clients. We offer:

Professional Consultation: Offering detailed information on the feasibility and advantages of incorporating an Private Limited Company.

Documentation Support: Helping in preparation and submission of required documents.

Compliance Support: Assisting your Private Limited Company to meet all compliance needs.

Affordable Services: Providing economical services without compromising quality.

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