Ideal For Start-Ups Going For Funding & Growing Business

Private Limited Company registration is the most popular legal structure option to start businesses in India. Private Limited Company is the most beneficial & Popular corporate separate legal entity in India. Private limited company registration is governed by provisions the Companies Act, 2013. To register Private Limited company, Minimum 2 directors and 2 shareholders are required. The directors of a private limited company have limited liability to creditors of company . In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors of company. It is very important to register your company as Private Limited as a registered company have various advantages from financial and legal compliance point of view.

Procedure For Company Registration

  • 2024

  • Complete our Simple Form

    You need to fill our simple company registration form and submit documents for formation of a company.

  • Obtain DSC and DPIN from us

    After submitting your documents we will provide you with DSC and DPIN.

  • Verification and Name Approval

    Details provided by you will be verified and then we shall apply for name approval.

  • 2024

  • Document Submission

    We will create all the required documents and file them with ROC on your behalf.

  • Your work is completed

    Once your company is incorporated, we shall send you all the documents and DSCs.

Private Limited Company Benefits

01. Separate Legal Entity

Shareholders & Directors of a company have no personal liability to the creditors of a company for creditor’s debts. Hence, Private Limited company is separate legal entity.

02. Non-interrupted existence

Private Limited company is not affected by the death or departure of any directors or any Shareholders but Company continues to be in existence irrespective of the changes in membership. Perpetual succession is one of the most important advantages of a company

03.Free & Easy transferability of shares

Shares of company limited by shares are easily transferable by a shareholder to any potential shareholder.

04. Borrowing Capacity

A company enjoys better funding for borrowing of funds. Company can issue debentures to debenture holders and take loan from lender as secured loan as well as unsecured loan.

Steps For Company Registration

01. Application of DSC & DPIN

First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.

02. Name approval

You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.

03. MOA & AOA submission

Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and

04.Get incorporation certificate

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.

05. Apply for PAN, TAN and Bank account

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

Short & Simple

The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.

Meaningful

The name of your company should be related to your business. It should fit the company’s branding. For example, Infosys refers to information systems or IT technologies.

Unique

Name of your company should not be same or identical to an existing company or trademark. You can go to search.legalraasta.com to check if your company name is identical to others. You should ideally avoid plural version e.g., “Flipkart’s” or changing just letter Case, spacing or punctuation marks in an existing company name.

Suffix

The name of your company should end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” is a case of a limited liability partnership.