Private Limited Company
Company is most prevalent option to commence business in India by startups and businesses with higher growth aspirations. Pvt. Ltd. Company is incorporated under the Companies Act of 2013 and governed by the Ministry of Corporate Affairs (MCA). It is a registered corporate structure that provides business a separate legal identity from its owners. Hence, providing key advantages like the ability to contract in its own name, and safeguard personal assets of the owners from business liabilities.
Minimum Requirements-
- Minimum 2 Directors and 2 Shareholders: Every Company must have minimum 2 Directors and at least one Director should be Indian resident, who has stayed in India for a total period of not less than 182 days in the previous calendar year.
- Shareholding of the Indian Company can be held by a foreign national or foreign entity, subject to the FDI norms in India. It is advisable to have at least 2 Indian Shareholder in the Company to avoid unwanted compliances.
- Directors and Shareholders can be the same person.
- One may get their Company registered with any amount of Share Capital now, But It is advisable to keep Share Capital at least Rs.1 Lac.
- Director Identification Number (DIN) for all Directors.
- Digital Signature Certificate for all Directors and Shareholders.
- PAN of all Directors and Subscribers.
Documents / Informations Required for Registration of Private Company -
- Digital Signature Certificate of All Promoters.
- Proposed Object of Company.
- 4 Unique Names with Priority.
- Passport-size photos of all Promoters
- Proposed Authorised Share Capital of Company
- Length of Residing at Present Address.
- Name of Authorised Signatory for ESIC.
- Specimen Signature of Authorised Signatory for ESIC.
- Self-attested copy of PAN card and Aadhaar card of all subscribers and directors.
- Self-Attested Copy of Passport/Driving Licence / Votor ID of all Subscribers and Directors
- Proposed subscribed share capital of the company along with contributions by subscribers.
- Email IDs of all subscribers and directors.
- Mobile Nos. of all subscribers and directors.
- Educational Qualifications of all Subscribers and Directors.
- Self-Attested Copy of Bank Statement, Electricity Bill/ Telephone Bill of all Subscribers and Directors.
- Electricity Bill of Registered Office Address.
- Rent Agreement / Title Deed / Sale Agreement of Registered Office Address.
- NOC from the Owner of the Property.