Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Timeline: 15-20 Working days
Package Inclusions
DSC
DIN
Company Name Approval
MoA
AoA
Filing of Forms
PAN Application
TAN Application
Certificate of Incorporation
Documents Required
PAN card- All Directors
ID Proof(Aadhar card/DL/Voter ID)- All Directors
Permanent address Proof(Bank Passbook-front page/Latest utility bill)- All Directors
Address Proof of proposed Registered Office of company a) If taken on rent then NOC with utility bill from the owner b) If not taken on rent or owned by any other entity then NOC signed by owner c) If owned by Director then sale deed with electricity bill
Passport size photograph-All directors
Main objects of proposed company in detail
Four names of proposed company as per preference
Significance of names of proposed company
Shareholding proportion
Signed forms (format will be provided by us)
Process Details
Obtaining DSC & DIN
Name Approval
Creating and filing of documents with RoC along with the application for PAN & TAN
Key Advantages
Limited Liability- Shareholders are legally responsible for the debts of the company only to the extent of the nominal value of their shares
Perpetual Succession- Company continues to exist even after the death of its members
Investment Friendly- Private limited Companies are the best entity for raising investments
Separate Legal Entity- Company is treated as a legal entity and a jurist person under the Companies Act
FAQs
What all documents are accepted as ID proofs?
Aadhar cards, Voter ID, Driving License or Passport
What all documents can be considered for Permanent address proof?
Bank Passbook front page, latest utility bill or Passport.
What is meant by main object of the company?
Main object of the company describes the purpose of the company in details for which the company is being incorporated. It include services provided, goods sold or future services of the company etc.
What is meant by significance of choosing the name of the company?
The reason and importance behind choosing the name for the company.
What is shareholding proportion?
The percentage of shares allotted to each director of the company.
What is subscriber sheet?
A document containing the details of all the shareholders of the company.
What is DSC?
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Like physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
What is DIN?
Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of a company.
What is MoA?
A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a company to define its relationship with shareholders.
What is AoA?
The Articles of Association is a document that contains the purpose of the company as well as the duties and responsibilities of its members defined and recorded clearly. It is an important document which needs to be filed with the Registrar of Companies.
What is TAN?
Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
What if I already have a DIN. Do I need to get a new one?
No, DIN is issued only once by the Central Government.
Does a person have to be physically present during incorporation?
No, the entire process is completely online. All the documents can be scanned and sent through mail.
