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30 % discount for your first start up registration

Private limited company registration within 7 days!

  • Free PAN
  • Free TAN
  • Free GST
  • Free PF
  • Free ESI

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About Private Limited Company

In India, a Private Limited Company (PVT LTD) is one of the most common legal entities recommended for start-ups and growing businesses with easy funding, credibility and tax regulatory advantages. A private limited company is a privately owned firm with private shareholders. The maximum number of members is set at 200, and a minimum of two directors is required to govern the business.

BENEFITS OF PRIVATE LIMITED COMPANY

Legal formalities

Compared to public firms, private limited companies have a lesser number of legal requirements.

Easy fundraising and investment

In a private limited company, shares can be sold or transferred to other people by the owner's choice. This makes the fundraising easy and make way for huge investments.

Limited liability

A private limited company is a legally distinct legal organization with limited liabilities. As a result, the shareholders are not accountable for the firm's losses over the amount they put in the company as share capital.

Trustworthy

A private limited company is a legally distinct legal organization with limited liabilities. As a result, the shareholders are not accountable for the firm's losses over the amount they put in the company as share capital.

International collaboration

It helps with corporate development and expansion, as well as international collaboration.

STEP BY STEP REGISTRATION PROCESS

1

Step
Name reservation

To reserve the company name, an application must be submitted to the Ministry of Corporate Affairs. One or two names with business objectives can be presented in a name approval application.

2

Step
Procuring digital signature

All signatures for MCA files must be completed using a digital signature provided by the Indian Certification Authority. As a result, digital signatures are necessary for the Directors before incorporation.

3

Step
Memorandum and drafting

Filling the memorandum which contains the objective of the company, list of partners and their percentage of contribution. Filling of articles that specify, by laws of the company, duties and responsibilities of the company also happens at this stage.

4

Step
Final step

When MOA and articles have been drafted the incorporation application will be filed with all necessary documents and MOA and AOA will be signed.

5

Step
Get the incorporation certificate.

When the MCA approves the incorporation application, the Incorporation Certificate is issued along with the PAN of the company.

HOW TO CHOOSE A BUSINESS NAME

  • The name should be unique and expressive. It should not be the same as any other existing company.
  • Try to convey the activity of your business through your name.
  • Ensure that there is no usage for the name's trademark you have chosen. To check the availability of the trademark, click here.

DOCUMENTS REQUIRED

  • proof of directors and shareholders
  • The PAN, Aadhar, bank statement or mobile bill( should not be older than two months), photo, mail id and phone number of all the Subscribers and directors of the company
  • Office Address proof
  • Rental agreement
  • Electricity bill
  • Building tax receipt
  • NOC from the building Owner

OTHER FORMALITIES

  • NOC for the name Address evidence for the office that will be the company's registered office Utility bill photocopies that are no more than two months old
  • If the company's name contains specific words or expressions that require government permission, the name must be approved.
  • The owner's permission is required ( in case of rental property)
  • If a trademark registration certificate is necessary, it must be submitted with the application. Proof of identification must be provided along with it.
  • If we are filing a name that has a trademark, proper NOC from the applicant has to be attached to the name file.
  • If the name is similar to an existing one, the NOC of that company should also be attached to it.

DELIVERABLES

  • Name reservation
  • The digital signature certificate with two years of validity
  • MOA
  • AOA
  • Incorporation certificate
  • PAN and TAN
  • Life long free business consultancy.

IMPORTANT THINGS TO KNOW ABOUT PRIVATE LIMITED

Easy to raise funds

Since the company is a separate legal entity, members' liability is limited. In terms of borrowing, a corporation can issue debentures, take deposits from third parties, seek support from credit intermediaries and venture capitalists, etc.

Legally distinct entity

It implies that the members and directors are shareholders in the firm, but their assets are not at risk. Under its name, the company can take out a loan (borrow capital). If the firm is unable to repay the loan, none of the members or directors is accountable.

Easy to transfer the shares.

If the company has any shares, the shareholder can transfer them to anyone. All that is necessary is signing away the stakes and producing a share certificate.

DISADVANTAGES

Regardless of business turnover or activity, a company must keep numerous compliances. As a result, running a business has a predictable annual cost.

Faqs

When all the documents are provided, the filing and formation will be over by 5-7 days.

There is no fixed capital for company formation.

An office address or a virtual office is mandatory.

When all the documents are provided, the filing and formation will be over by 5-7 days.

No, we at corproots will help you register your dream company in the comforts of your home. The documents will be submitted online, and the work gets done in a few phone calls.