Private Limited Company

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Services

Our Package includes the followings:

  1. Director Identification Numbers 2 nos
  2. Name Approval
  3. Incorporation Certificate
  4. GST Registration
  5. ESIC & EPF Registration
  6. PAN & TAN
  7. Current Account Opening
  8. MSME Registration (Complimentary)
    9. Any Government fee, if applicable and the cost of digital signatures shall be paid by you directly for which we will share the challan/bill.
    Rs.7950/-
    Rs.6200/-

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About Private Limited Company

Private Limited Company registration is the most common & popular form of a legal structure for all businesses in India formed under the eyes of Law and regulated by the Ministry of Corporate Affairs. A private limited company can have a minimum of two members and a maximum of fifty members.

A private limited company provides limited liability protection to its shareholders. In case of any unpredicted losses, statutory or legal liabilities, the shareholders of the company will not be held liable. Only the Directors of a private limited company are held responsible in most cases for various statutory charges.

It is a registered corporate structure that provides business a separate legal identity from its owners. Hence, providing key advantages like the ability to contract in its own name, and safeguard personal assets of the owners from business liabilities.

Documents Required

  Self-attested scanned copy of PAN Card & Aadhaar Card.
  Copy of identity proof (Voter Id/ Driving License) of the Director and Nominee
  Copy of residential address proof (Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill/Bank Statement) of the Director and Nominee
  Copy of Rent agreement and No objection certificate (NOC) from the owner (if rented)
  Sale Deed/ Lease deed if property owned
  Copy of electricity bill/landline bill/water bill.
  Details of Business activity including name of top products/services.

Benefits of Private Limited Company

Limited Liability:

The Liability of the Shareholders of the Private Limited Company is restricted to the amount unpaid on their shares.

Perpetual Succession:

The Company being an artificial person cannot die. The company enjoys perpetual succession. Perpetual succession refers to the continuous succession of the company even after the death of any of the Director and/or shareholders.

Separate Legal Existence:

The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides the right to sue third parties in case of any defaults.

Easy Fund Raising:

Private Limited Company registration process is stringent enough to make this structure reliable among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Capacity to sue and be sued:

The Private Limited Company can initiate the legal proceedings against any person in the courts. The Private Limited Company can sue and be sued in its own name.

Management and Ownership Separation:

The separate ownership and management help both the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in the form of voting.

Frequently Asked Questions (FAQs)

 

For Private Company registration in India, following requirements must be fulfilled:

1. Minimum 2 directors shall be appointed, out of which one must be a resident of India.

2. Minimum 2 shareholders are required for this registration. Here, an individual may become shareholder and director at the same time.

3. A place of business in India must be provided as a registered office address.

During the registration, a minimum of INR 1 Lakh should be provided as an authorized capital. A minimum paid-up capital requirement is eliminated as a part of Governments initiative to simplify the business registration in India. However, each shareholder must subscribe at least 1 share for the registration to introduce the sufficient amount for running the business
The applicants can provide the maximum of 2 names with their preference order under RUN (reserve Unique Name) form. The applicant should comply with the provisions of the Act or regulations. The registrar may ask to re-submit the application with a different name if names do not fall under the criteria of uniqueness or do not fulfill other requirements.
Any natural person above the age of 18 years can become the director in the company after obtaining Director Identification Number (DIN).
Director Identification Number is a unique number allotted by the Ministry of Corporate Affairs to Individuals on whose name the application is made, allowing an individual to be a Director in any Company or Designated Partner in an LLP.
Authorized capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares.
Yes, a Private Company can carry multiple businesses if it is mentioned in the companys MoA and approved by a registrar. The company can mention more than one business operating within the same field or of the same nature.
Yes, it is possible to register a Private Company at a commercial or residential place by providing sufficient proof. A registered office is a place where the business receives communication, if any, from the MCA or any concerned authorities. This address is displayed at MCA Portal also.
Yes, NRIs or foreigners can hold shares subject to FDI guidelines. However, a foreign participation above 50% will place the company under the category of Foreign Company.

Once, the company is registered, it should follow below-mentioned requirements on priority:

1. The opening of the companys current account within 30 days after receiving the PAN card.

2. Appointment of a Statutory Auditor within 30 days from the date of incorporation.

3. Depositing paid-up capital as mentioned while registration

4. Filing on Commencement of Business within 180 days of incorporation

MoA contains the details of the main, ancillary/ subsidiary, and other objects of the proposed company. And AoA contains the details of the rules and procedures for the routine conduct of the proposed company. AoA also contains the details of the authorized share capital and the name of its first/permanent directors.

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Indian MSME Helpline Private Limited

Indian MSME Helpline Private Limited is not affiliated with Ministry of MSME / any other Government organisation. It is run by professionals.

© 2015, MSMEhelpline.com. All Rights Reserved.
Terms & Conditions | Privacy Policy