How to Register a Private Limited Company

 

How to Register a Private Limited Company

A private limited company is a company which is privately owned by at least two shareholders. Private Limited Company Registration is the best option for those who want to register a company from a Customer, Investor and Compliance friendly point of view. All the aspects of Private Limited Company are discussed in the article.

 Why to Register a Private Limited Company.

·    Private Ownership.

Only shareholders are the owners of the private limited company and its shares can not be transferred to the public at large.

 

·    Private Limited Company is the highly trusted in India for Business.

Since information of a private limited company can be verified online from the Ministry of Corporate Affairs website therefore it helps in trust building.

 

·    Name Reservation.

Name of your private limited company can not be copied by another company registered by the Ministry of Corporate Affairs e.g. Private Limited, Public Limited, OPC and LLP etc.

 

·    Limited Risk to personal assets.

In case of loss or any other circumstances when a private limited company is required to sell its assets for making payment to its liability in that situation personal assets of the shareholder is not at risk.  

 

·    Perpetual Existence.

In case of death, insolvency of a member/shareholder, a private limited company keeps on existing in the eyes of law. Members may come members may go but the company go on forever.

 

·    Minimum Share Capital. 

Now you can create a private limited company within any amount of paid up capital. Earlier there was a minimum capital requirement of Rs. 1 Lakh.

 

Process of Company Registration

1.     Apply for Name Reservation

2.     Apply for Digital Signature

3.     Preparation and signing of Company Registration related documents.

4.     Apply for Company Registration

Time required for registration of a Private Limited Company.

 Normally registration of a private limited company takes 10 working days.

 

Documents/Information Required for Private Limited Company Registration

   Director’s Documents/Information;

1.     Photo.

2.     Copy of PAN.

3.     Identity Proof: Aadhar Card, Voter Id Card, Passport and Driving Licence (Any one)

4.     Address Proof: Bank Statement, Telephone Bill, Landline Bill, Electricity Bill, (Any One)

 

  Registered Office Documents

1.     Electricity Bill, Telephone Bill, Mobile Bill, Gas Receipt (Any one)

2.     Rent Agreement (If any)

 

   Other Information

1.     List of Business Activities e.g. IT Services, Trading etc.

2.     Share Capital of the Company.

3.     Shareholding Ratio

 

What you will get in Private Limited  Company Registration.

1.     Company Registration Certificate (COI)

2.     Memorandum of Association (MOA)

3.     Article of Association (AOA)

4.     Director Identification No. (DIN)

5.     Digital Signatures (DSC)

6.     Permanent Account Number (PAN)

7.     Tax Deduction and Collection Account Number (TAN)

8.     ESI Registration

9.     PF Registration

 

Conclusion

For registering a private limited company one needs to contact a good Chartered Accountant, Company Secretary, Cost Accountant. CharteredHelp is one of the Top Consultant who can help you in registration of private limited company in noida, Delhi/NCR.