Private Limited (Pvt Ltd) Company Registration In India

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A Private Limited Company is a popular form of business structure in India. It is governed by the Companies Act, 2013, and is regulated by the Ministry of Corporate Affairs (MCA). Private Limited Companies are considered separate legal entities, and their liability is limited to the extent of their share capital. Here is an overview of the registration process:

Benefits of Pvt Ltd Company Registration:

1.Limited Liability: Shareholders' liability is limited to the extent of their shareholding, protecting their personal assets in case of company debts or liabilities.

2.Separate Legal Entity: A Pvt Ltd Company is treated as a distinct legal entity, which means it can own property, enter contracts, and sue or be sued in its own name.

3.Fundraising: It is easier to attract investors and raise capital through the sale of shares.

4.Perpetual Existence: A Pvt Ltd Company has perpetual succession, meaning it continues to exist even if shareholders change or pass away.

5.Credibility and Trust: Pvt Ltd Companies often gain more trust and credibility among customers, suppliers, and partners.

Applicability :

A Pvt Ltd Company is suitable for businesses that:

  • 1.Plan to have multiple shareholders or investors.
  • 2.Want to raise capital by issuing shares.
  • 3.Seek limited liability for shareholders.
  • 4.Wish to establish a credible and professional image.
  • 5.Guidelines and Process for Pvt Ltd Company Registration Online:
The process for Pvt Ltd Company registration in India involves several steps:
  • 1.Obtain Digital Signature Certificate (DSC): The first step is to obtain a digital signature certificate for the proposed directors and shareholders. This is used for signing documents electronically.
  • 2.Director Identification Number (DIN): Directors must apply for a DIN, which is a unique identification number.
  • 3.Name Reservation: You need to apply for the reservation of the company name through the RUN (Reserve Unique Name) form. Ensure the chosen name complies with naming guidelines.
  • 4.Incorporation Documents: Prepare the incorporation documents, including the Memorandum of Association (MOA) and Articles of Association (AOA).4.Government organizations for secure online transactions.
  • 5.File Incorporation Application: Submit the application for company registration (SPICe - Simplified Proforma for Incorporating Company Electronically) with the Registrar of Companies (RoC).
  • 6.Certificate of Incorporation: If all documents are in order, the RoC will issue a Certificate of Incorporation, indicating the creation of the Pvt Ltd Company.
  • 7.PAN and TAN: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
  • 8.Bank Account: Open a bank account in the company's name and deposit the minimum required capital
  • 9.GST Registration: Depending on the nature of the business, you may need to register for Goods and Services Tax (GST).
  • 10.Compliance: Ensure compliance with ongoing statutory and regulatory requirements, such as annual filings, board meetings, and audits.

Private Limited Company Incorporation Timeline (Approximate):

  • 1)Name Reservation: Before incorporating a company, you need to apply for the reservation of the company name with the Registrar of Companies (ROC). This step can typically take 1-2 business days, assuming the name you've chosen is available and complies with regulations.
  • 2)Drafting Documents: You need to prepare and draft the Memorandum of Association (MoA) and Articles of Association (AoA) for your company. This process can take a few days, depending on legal counsel's availability.
  • 3)Drafting Documents: You need to prepare and draft the Memorandum of Association (MoA) and Articles of Association (AoA) for your company. This process can take a few days, depending on legal counsel's availability.
  • 4)ROC Approval: After filing, the ROC will review the documents. If there are no issues or discrepancies, they will typically approve the application within 5-10 business days.
  • 5)Certificate of Incorporation: Once the ROC approves your application, you will receive the Certificate of Incorporation, which signifies the formal registration of your Private Limited Company. This can take about 1-2 weeks after ROC approval.

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  • 1. Fill out the form, scan the document, and upload it to the Pralekh app.
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  • 3. Please upload all required documentation.