Private Limited Company Registration in India
A private Limited company is a business structure that people are most familiar with. Whether you are someone who has just started doing business, or you’re someone who know about business entities, you know that Pvt ltd company registration in India is a good choice.
Why People prefer private limited company registration?
If people wanted, they can just start a proprietorship firm. It’s much easier to manage and can provide to the owner. However, even knowing this, they choose to put their trust in a Pvt limited company. Why is that?
- It’s easy to setup a private limited company. The Pvt ltd company registration process, while requires certifications from the Chartered Accountants, it quite easy to understand.
- It provides limited liability to the directors. In doing so, your personal assets aren’t affected if your company faces any loss.
- Investors and banks trust a private limited company. That makes it easier for you to ask for investments or loans whenever you want.
- It is separate from the director or members of the company. If you want to own a property, you can do it in the name of your private limited company.
- It’s easily managed. A private limited company provides a good structure to your business that you can manage without any hassle.
What is the process of registering a private limited company?
6 steps are all you require to register a private limited company. Following are those steps of Private Limited Company Registration process:
- Choose a good name for your company: The name is how your company is uniquely identified and registered by the Ministry of Corporate Affairs. Thus, your first task is to choose a name that’s non-offensive, creative and unique.
- Get the DSC and DIN of the company: For going through the Pvt ltd company registration online process, it’s required that you get two things:
- Digital Signature Certificate: To Certify the documents that you submit online.
- Director Identification Number: A unique ID issued by Ministry of Corporate Affairs.
- File the RUN application: Get prior approval for your company’s name by filing the RUN form.
- Draft MOA and AOA:Memorandum of Association or MOA to tell the MCA the objective of your business. Articles of Association or AOA to tell the MCA of the rules and regulations of your business.
- Gather the documents: Self Certify, scan and upload the required documents.
- File the application: File the online SPICe Form via the MCA portal. It’s the private limited company registration application.
- Get the company incorporation Certificate: Once you file the application, MCA will scrutinize it from page to page. If there are no discrepancies, you’ll be issued a Certificate of Incorporation.
How to make certain that there are no discrepancies?
Many things that go wrong when you’re filing any government application. And the investment you’ve put in to establish your business, it’s our job to not let you file the application on your own. Regalguru will do that for you. Not only that, but our experts will also:
- Monitor the progress of the application
- Conduct follow up with the Ministry, and
- Give you timely updates about your application status.
So, if you want to register a private limited company without lifting a finger, you can talk to us.
Document Required
Documents Required for Private Limited Company Registration
One of the most popular legal business entity in India is a Private Limited Company in India, hence it is easy to set-up and doesn’t require a lot of documentations. The important documents required to register a private limited firm are as following:
- ID Proof: Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License.
- Address Proof: Latest Bank statement/ Utility bill in the name of director which should not be older than two months.
- Photo: Latest passport size photograph.
- Registered Office Proof: No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property).
Note: Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving.
Just send the scanned copies of these documents, and leave the rest to Regalguru.