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The private limited company registration process is completely online, so you don't even need to leave your home to get your entity registered within 14 working days. At LawInsta, we are continuously available to help you understand how to register a private limited company. Company Registration in India can be done through LawInsta in all major cities across India.
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Below is the detailed explanation of the procedure, along with expected timelines and charges involved.
Only a single director needs to have a Class-2 Digital Signature Certificate (DSC), which is needed to sign electronic documents. To get one, all you need is a self-attested copy of the director's PAN card and address proof (latest utility bill, passport, driver's license of voter's ID). This can be completed in 2 days.
You need to now ensure that your name has not already been taken. This can be done by running a company name search. If you are disappointed that a preferred name is taken, do remember that the name of your company doesn't have to be your brand name. However, if you're going to register the brand name, also check if it has already been trademarked at ipindia.gov.in. If it has been trademarked, you would need a no-objection certificate from its owner to have it approved as your company's name.
Secondly, you need to comply with the MCA guidelines. You can do so by ensuring that the name has a unique component and a descriptive component.
Once you have your name, you need to get the Memorandum & Articles of Association approved. Here are all the other documents you'll need in order:
Copy of Rental Agreement (along with NOC from owner)/Sale Deed
Latest Utility Bill
Affidavit from director and shareholders
Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors
With these ready, you can submit the company registration form INC-32 (also known as Spice).
Once your MoA and AoA are approved, you’re almost there. You can now get your company incorporation certificate by submitting all the above-mentioned documents to the RoC. This can take anywhere from 48 hours to even two weeks. On arrival of the company incorporation certificate, your company is registered.
The moment your company is incorporated, you need to apply for a PAN & TAN with NSDL. It costs under Rs. 200, but will take up to three weeks to get done.
Note: Always be prepared for a longer wait, particularly if the Registrar of Companies (RoC) has a heavy workload at the time or your proposed company's name is rejected on first attempt.
DSC for one director and DIN for up to three directors
Drafting of MoA & AoA
Registration fees and stamp duty
Company Incorporation Certificate
Private Limited Company, the most popular legal structure for businesses, is an easy to form entity in India. All you need to do is register the directors with Ministry of Corporate Affairs (MCA), register the name of the company and submit the company incorporation documents, such as Memorandum of Association and Articles of Association. A private limited company has a minimum of two members and a maximum of 200 members. The entire process takes 10 to 15 days, depending on whether you have the documents in order.
It is flexible and has limited liability.
A greater capital contribution and greater stability
The possibility to grow big and expand
A private limited company is a limited liability entity incorporated under Companies Act, 2013. It has a minimum of two directors (with a maximum of 15). A natural person can be a director and as well as shareholder, where a corporate legal entity can only be a shareholder. In addition to that, foreign nationals, foreign corporate entities or NRIs are also allowed to be the Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Some of the unique features of a private limited company like the limited liability protection to shareholders, the ability to raise the equity funds, separate legal entity status and the perpetual existence make it one of the most recommended type of business entity for the millions of smalland medium sized businesses that are owned by families or professionally managed.
Here is what is required of all new private limited companies, at the very least:
A private limited company must have at least two directors, At most, there can be 15 directors. Of the directors in the business, at least one must be a resident of India.
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NoC is obtained from the landlord.
Identity and the address proof will be needed for all the directors and the shareholders of the company to be incorporated. In case of an Indian national, PAN card is mandatory. For the foreign nationals, apostilled or notarised copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.
All companies should have a registered office in India. To prove admittance to the registered office, a recent copy of electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/ his consent to use the office as a registered office of the company should be submitted.
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill Scanned passport-sized photograph Specimen signature (blank document with signature [directors only])
Note: Any one of the directors must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English
Scanned copy of No-objection Certificate from property owner
Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence, too.
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