Education,  Entrepreneurship

How to register private limited company

A private limited company is treated as a business entity dealt completely by private ownership . In this type of company registration, the provisions of company Act 2013 applies. For a private limited company registration, it is mandatory to have four roles defined sorted namely 2 Directors and 2 Shareholders.

Benefits of Private Limited Company

  • It is flexible and has limited liabilities of shareholders who’ve invested in the business.
  • Easy to transfer ownership just by transferring the shares.
  • Private Limited Companies have possibilities to grow big and expand.
  • It has great stability and also a great capital contribution.
  • It has open doors to increase capital from a venture capitalist, financial institutions, angel investors, etc.

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.

You need apply

Step 1: Obtain DSC

Step 2: Apply for the DIN

Step 3: Application for the name availability

Step 4: Submission of MoA and AoA to register a private limited company

Step 5: Apply for the PAN and TAN of the company

And ROC Etc

Document Requirements

  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/passport/driving licence
  •  copy of the latest bank statement/telephone or mobile bill/electricity or gas bill etc

Registered Office Proof

  • copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • copy of notarized rental agreement in English
  • no-objection certificate from the property owner

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