Private Limited Company
Private Limited Company
Company is a popular option to start a business in India by startups and businesses with higher growth aspirations. Pvt Ltd company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA). 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.
Benefits of Company Registration
Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:
- Shield from personal liability and protects from other risks and losses
- Attract more customers
- Procure bank credits and good investment from reliable investors with ease
- Offers liability protection to protect your company’s assets
- Greater capital contribution and greater stability
- Increases the potential to grow big and expand
Documents required to register a Private Limited Company
PAN CARD
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport.
Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Photograph
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement
Note
In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled
Checklist for Registering a Company in India
As defined by the Companies Act 2013, we must guarantee that the checklist requirements are met.
Two Directors: A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
Unique Name: The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
Minimum Capital Contribution: There is no minimum capital amount for a company. A company should have an authorized capital of at least ₹1 lakh.
Registered Office: The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.