Private Limited
(Pvt Ltd)
Company Registration in India
Do you want to set up a Private Limited Company? There’s nowhere else to look! Our knowledgeable CS Assisted service has the most affordable price, no additional costs, and an open pricing structure. Receive quick response times and a simple signup process. More than 8,000 entrepreneurs entrust rsrindia.com with the launch and legal compliance of their companies!
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INTRODUCTION
Services for Indian Company Registration
One common method of launching a business in India is through the registration of a Private Limited Company (PLC). It provides advantages including higher reputation, easier external money raising, limited liability protection for founders, and separate legal existence. As a result, companies that are just getting started or are growing and have stronger growth goals tend to favor corporate structures. It is registered under the Companies Act of 2013 with the Ministry of Corporate Affairs (MCA). Why Should Your Company Be Registered with rsrindia.com?
- A Skilled Group of Attorneys, CS, and CAs
- Committed Relationship Manager and Round-the-clock Assistance
- The complete process of registering a new company is handled online.
- Fast turnaround time and affordable prices
- Thousands of Contented Clients in Every Indian State
- Enhanced by Secure Technology
- Take advantage of exclusive partner discounts on payment gateways, web hosting, etc.
A Private Limited Company: Why Should You Register One?
Shareholder liability is limited.
Owners might restrict their responsibilities to the amount of their capital contribution commitment by registering as a PLC in India. Unlike Partnership and Proprietorship organizations, their personal assets are shielded from any significant loss or debt in the business.
Differentiated Legal Status
The business has a distinct legal existence from the owners. It is able to sign contracts, possess property, and file lawsuits under its own name against other parties. It continues to exist as a unique entity long after its members pass away.
Control and Ownership Explicitness
The directors of the corporation make management choices even if the shareholders are the business's owners. This allows the company to gain from expert management without reducing the promoters' and shareholders' ownership stake.
Fundraising Made Simple
Because Companies and LLPs have such a compliant structure, banks prefer to lend to them. Pvt Ltd company offers crucial benefits such as limited liability protection for owners and easy ownership transfer. HNIs, venture capitalists, and private equity firms frequently invest in private limited companies.
A LIST OF DOCUMENTS
Documents Needed for Online Registration of Private Limited Companies
PAN and Aadhaar Card
Every Indian shareholder and director has a PAN and an Aadhaar card.
Identity Proof
The directors' and shareholders' driver's license, passport, or voter ID.
Proof of Address
A copy of the directors' and shareholders' most recent bank account statement, telephone bill, or electricity bill
Photographs
current passport-size photos of each director and shareholder
Business Address Proof
Either the most current utility bill (electricity, telephone, gas, or water) or the property tax bill for the registered office location. Rent agreement and the owner's NOC for the rented property
How to Choose a Name for Your Company
Special Name
An original name that isn't already registered as a business or trademark has a better chance of getting approved by the MCA.
Operations of Business
It is excellent for the second portion of the name to allude to the company's line of work.
Suffix to Name
The company's name must finish in Pvt. Ltd., or Private Limited Company.
Three Simple Steps for Online Company Registration!
1. Respond to Quick Questions
- Select the best-fitting bundle.
- Give basic question answering five to ten minutes.
- Present the documentation in accordance with the checklist.
- Pay using a safe and secure payment gateway.
2. Specialists at Your Disposition
- Select the best-fitting bundle.
- Give basic question answering five to ten minutes.
- Present the documentation in accordance with the checklist.
- Pay using a safe and secure payment gateway.
3. You're ready to go.
- Select the best-fitting bundle.
- Give basic question answering five to ten minutes.
- Present the documentation in accordance with the checklist.
- Pay using a safe and secure payment gateway.
Fastest Method for Company Registration
Days 1 - 3
- Professionals examine your records and data.
- Get a Certificate of Digital Signature by Applying
Days 4 - 7
- Check name availability on IP India and MCA portals
- Make a Reservation for Your Company Name.
- Drafting of MoA and AoA
Days 8 - 10
- completing Certificate of Incorporation (COI) forms
- DIN Authorization Form
- Application of PAN and TAN
Days 11 - 13
- Awaiting MCA approval
Common Queries
- A minimum of two stockholders and directors. A minimum of one shareholder and director must be a citizen and resident of India.
- A legitimate company registered office address
- Clear and readable documents for directors and shareholders
- Name of the business in accordance with MCA regulations
Minimum capital that is paid up and approved
- In order to establish a Private Limited Company, there is no minimum Paid-Up capital needed. But according to the Companies Act, a business must maintain 10,000 equity shares with a face value of ₹10 apiece, or a minimum Authorized Capital of ₹1 Lac. A minimum of one share must be subscribed for by each shareholder in order to introduce an adequate quantity for operating the firm. The paid-up capital must be placed as share capital in the company’s current account.
- The most amount of capital that a commercial enterprise can enhance thru the issuance of stocks, both now or within the destiny, is referred to as authorized capital. In the destiny, authorized capital can also be raised if the commercial enterprise comes to a decision to raise cash by using issuing new inventory The approved capital is used to pay the stamp duty for the registration of a corporation.
- In contrast, the term “Paid-up Capital” describes the actual sum that stockholders have paid to issue shares. In India, a company can be incorporated with any paid-up capital, which can be the same as or less than the permitted capital.
The Ministry of Corporate Affairs (MCA) assigns a unique quantity referred to as the Director Identification Number (DIN). It is given to folks who desire to choose to be designated partners in an LLP or directors in a corporation. A person can only have one DIN issued to them. DIN can be given up at any moment by submitting the necessary paperwork to the MCA. Every year, all DIN holders must submit a DIR 3 KYC filing in order to complete the DIN activation procedure.
- A token that is issued by the Certified Authorities is called a Digital Signature Certificate (DSC). A DSC is an electronic signature that directors, promoters, and shareholders use when submitting paperwork to the MCA. When submitting e-forms for incorporation, all directors and subscribers to the memorandum of agreement (promoters of the firm) must DSC. Additionally, the Director’s DSC is utilized for GSTR, ITR, and ROC form filing.
Indeed, you are able to shape a Private Limited Company the use of your residential address. A proof of business cope with can be given within the shape of the maximum recent belongings tax bill or application bill (strength, telephone, gasoline, and water). If another family member owns the property, you must include a NOC with the form. The location where the company gets correspondence from the MCA and other relevant agencies is known as its registered office. This location can also be found on the Ministry’s website
Additionally, property tax that is levied on commercial premises may be applied to a residential address utilized for business purposes.
