Register Company

Pvt ltd company is a preferred method of starting an organization in India for startups and firms with higher growth ambitions. Private Limited Company is incorporated under the Companies Act of 2013, and is governed by the Ministry of Corporate Affairs (MCA). It is an officially registered corporate structure which provides businesses with a separate legal identity and legal separation from its owners.

how to start a private limited company in india

Features

The characteristics that the company is a private limited include the following.

  • The responsibility of members is limited to the amount they contribute in share capital.

  • The ability to access equity capital

  • Legal entity status is separate

  • Perpetual Existence: A business as a distinct legal entity, is not affected in the event of death, or the cessation of any member. It continues to exist regardless of any changes in the membership. The company is in existence till it's legal dissolution.

Eligibility Criteria

In accordance with the Company Act, 2003, for any business to register in India the following conditions must be fulfilled.

  1. Two Directors The private-liability business must have at minimum two directors. If there are more than fifteen. Of the directors of the business, at a minimum, one of them must be residents of India.

  2. Unique Name Your business should be distinctive. The name suggested is not compatible with any trademarks or companies already in existence in India.

  3. Authorized capital contribution A business must have a capital authorization that is at the minimum 1 lakh rupees. 1 lakh. This doesn't mean you have to carry that amount in your possession.

  4. Registered Office Registered office or registered offices of a firm does not need to be commercially-oriented. Even a home that is rented could be used as the registered office as it is accompanied by a valid NOC acquired from the tenant.


Documents Required

The following documents are required to register a Private Limited Company in India.

  • Identity Proof: Any of Aadhar Card/Driving License/Election Id Card/Passport

  • address proof of business Utility Bill (not more than 2 months old) and Lease Agreement and NOC

  • Pan Card

  • Size of passport photograph

  • DIR-2, along with the identity and address proofs of directors

  • Director's declaration

  • Address proof and identity proof and the PAN of directors who are proposed who do not have DIN


Checklist

The majority of steps are sequential and are dependent on the previous process being finished. The whole process will require at least 10 days to be completed. Here are the steps to follow when applying for DSC.

  1. Apply for Digital Signature Certificate (DSC)

    Documents that are physically signed by hand and electronic documents, such as e-forms, must be signed digitally by using an Digital Signature Certificate.

    Digital certificates can be used electronically to prove identity, access services or information on the Internet or to digitally sign documents.

  2. Find the company's name availability

  3. Form for File SPICe along with e-AoA and e'MoA




Comments

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