Private Limited Company Registration

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    Your Private Limited Company With Easebis

    Registering a Company is quick, easy, and can be done online with Easebis in 3 simple steps:

    1. Book a slot with our compliance experts

    2. Provide all the required information

    2. Provide all the required information

    Online Company Registration in India - An Overview

    Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.

    Easebis, your trusted legal advisor, provides a cost-effective company registration service in India. We take care of all legal formalities and fulfil the compliances, as defined by the Ministry of Corporate Affairs (MCA). Post-approval of the company registration process, you receive an Incorporation certificate (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.

    Benefits of Pvt Ltd Company Registration

    Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business

    • Shield from personal liability and protects from other risks and losses
    • Attract more customers
    • Procure bank credits and good investment from reliable investors with ease
    • Offers liability protection to protect your company’s assets
    • Greater capital contribution and greater stability
    • Increases the potential to grow big and expand

    Checklist for Private Limited Company Registration in India

    As defined by the Companies Act, 2013 one must guarantee that the checklist requirements are met without fail.

    Two Directors:

    A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.

    Unique Name

    The name of your pvt ltd company must be unique. The suggested name should not match with any existing companies or trademarks in India.

    Minimum Capital Contribution:

    There is no minimum capital amount for a Pvt ltd company. A Pvt limited company should have an authorized capital of at least ₹1 lakh.

    Registered Office:

    The registered office of a pvt ltd 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.

    Steps For Company Registration in India

    Company registration in India benefits startups offering them an advantage over those who have not registered. The of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Easebis. Our professionals can help you with every step of the private limited company registration process.

    Step 1: RUN Name Approval

    The first step is to register your company’s name. To reserve the company name, a request for approval of the company name must first be made to the Ministry of Corporate Affairs (MCA). One or two names with business aims may be presented in the name approval application. One or two more names may be submitted if a name permission is declined. All name approval requests are typically approved by the MCA in less than 5 business days. Our experts will help you choose the best name for your company and help in registering it with the government.

    Step 2: Directors' Digital Signature Certificate (DSC)

    Regular signatures are not acknowledged by the MCA in India. A digital signature certified by an Indian certification authority must be used on all signatures for filings with the MCA. Therefore, before incorporation, digital signatures from the Directors are mandatory.

    Easebis will secure a DSC for the Directors from a recognised certifying body. The Directors must submit a copy of their identity documentation and successfully complete a video KYC process in order to receive a digital signature. The provided passport and other documents must be apostilled by a nearby embassy if the Director is a foreign national.

    Step 3: Submitting the Company Incorporation Application

    Once the digital signatures have been gathered, the incorporation application in SPICe form and all pertinent attachments may be submitted to the MCA. The company’s Memorandum of Association (MOA) and Articles of Association (AOA) are filed with the application for incorporation. The Incorporation certificate and PAN of the company are issued if the MCA deems the incorporation application to be complete and acceptable. The MCA typically accepts all incorporation petitions in less than five working days.

    Private Limited Company Compliances

    Once a company is registered in India, it must periodically maintain a number of compliances in order to avoid fines and legal action. After company registration, a company would need to comply with the following requirements, among others:

    Auditor Appointment: Within 30 days of incorporation, every Indian company must appoint a practising, certified, and registered Chartered Accountant (CA).

    Director DIN KYC: Each year, DIN KYC is required of everyone who holds a Director Identification Number (DIN), which is given during the incorporation process and verifies the phone number and email address on file with the MCA.

    Commencement of Business: The shareholders of the company must deposit the subscription amount specified in the MOA within 180 days of incorporation, and the company must create a bank current account. Therefore, in order to receive a business incorporation certificate, the shareholders of a company that is to be established with a paid-up capital of ₹1 lakh must deposit ₹1 lakh into the company’s bank account and file a copy of the bank statement with the MCA.

    MCA Annual Filings: Every financial year, the MCA must get a copy of the financial statements from each company that is registered in India. A corporation that incorporates between January and March may elect to include the first MCA annual return in the annual filing for the following fiscal year. Forms MGT-7 and AOC-4 are the components of the MCA yearly return. The Directors and a working professional must digitally sign both of these documents.

    Income Tax Filing: Each fiscal year, all businesses are required to submit an income tax return using form ITR-6. Regardless of the incorporation date, income tax filing must be completed for each financial year before the deadline. A director’s digital signature must be used to digitally sign the company’s income tax return.

    Requirements to Start a Private Limited Company

    Before a firm is incorporated, it must meet a specific set of conditions. The following are the conditions to be satisfied:

    1. Directors and Members

    As previously stated, a private limited corporation must demonstrate a minimum of two and a maximum of 200 members in order to become legally registered. The Companies Act of 2013 requires this as a legal necessity. The following requirements for directors should be met:

    • A DIN issued by the MCA should be carried by each director
    • One of the directors must be an Indian resident, which means they must have spent at least 182 days there in the previous calendar year.

    2. The Business's Name

    The choice of the company’s name is an important one. Two factors must be considered by a private limited corporation when choosing a name for itself:

    • Name of the principal activity
    • Private Limited Company

    3.Address of the registered office

    The permanent address of the business’s registered office must be submitted to the company registrar following the completion of the registration process. The primary location for conducting business and the location where all documentation is kept in the company’s registered office.

    4. Getting Additional Documents

    Every business is required to acquire a DSC that is used to validate the legitimacy of documents submitted electronically. Additionally, credentials from these specialists are required in a business that hires professionals (such as secretaries, chartered accountants, cost accountants, etc.) for a variety of operations.

    Documents Required for Online Company Registration

    The MCA requires proper identity and address proof for private limited company registration in India. The following documents are the requirements for registering a company in India:

    Identity and Address Proof

    • Scanned copy of PAN card or passport (foreign nationals & NRIs)
    • Scanned copy of voter ID/passport/driving license
    • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
    • Scanned passport-sized photograph specimen signature (blank document with signature [directors only)

    Registered Office Proof

    • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
    • Scanned copy of notarised rental agreement in English
    • Scanned copy of no-objection certificate from the 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

    Reasons to Consider Easebis for Private Limited Company Registration

    Easebis offers a completely online private limited company registration process, allowing you to register your entity without leaving the comfort of your home. Our experts can complete the entire incorporation process within 14 days.

    Easebis company registration package includes:

    • DIN and DSC for two Directors
    • Drafting of MoA & AoA
    • Registration fees and stamp duty
    • Company incorporation certificate
    • Company PAN and TAN

    By following these steps, you can begin the process of forming your own private limited company. It is advisable to seek advice from professionals to make informed decisions and ensure seamless growth

    Why Choose Easebis

    8756 +Happy Customers

    700 +Company Registered

    20+ Team Members & CA

    4 . 8 Google Rating & Positive Reviews

    Frequently Asked Questions (FAQs)

    What is a Private Limited Company?

    A Private Limited Company is a type of business entity that is registered under the Companies Act, 2013. It is a separate legal entity that has limited liability for its shareholders.

    What are the benefits of registering a Private Limited Company?

    The benefits of registering a Private Limited Company include limited liability protection, access to funding and investors, legal recognition, and perpetual succession.

    What are the requirements for registering a Private Limited Company?

    The requirements for registering a Private Limited Company include a minimum of two directors, a registered office address, a unique name, and a minimum authorized capital of Rs. 1 lakh.

    How long does it take to register a Private Limited Company?

    The registration process for a Private Limited Company can take anywhere between 10 to 15 days, depending on the completeness and accuracy of the documents submitted.

    Can a foreign national be a director or shareholder of a Private Limited Company in India?

    Yes, a foreign national can be a director or shareholder of a Private Limited Company in India. However, they need to obtain a DIN and have a valid PAN card to do so.

    Is it necessary to have a physical office address for registering a Private Limited Company?

    es, it is necessary to have a physical office address for registering a Private Limited Company. The registered office address is where all official communication will be sent.

    What are the documents required for registering a Private Limited Company?

    The documents required for registering a Private Limited Company include identity proof and address proof of the directors and shareholders, proof of office address, and PAN card and Aadhaar card of the directors and shareholders.

    Can a Private Limited Company convert to a Public Limited Company?

    Yes, a Private Limited Company can convert to a Public Limited Company by complying with the procedures laid down under the Companies Act, 2013.

    What is the difference between a Private Limited Company and a Limited Liability Partnership (LLP)?

    The main difference between a Private Limited Company and an LLP is that the former has shareholders and directors, while the latter has partners. Additionally, an LLP has less compliance requirements compared to a Private Limited Company.

    Do I need to hire a professional to register a Private Limited Company?

    While it is not mandatory but you can hire a Professional to ensure hassle free and 100% accurate Registration Process. it is recommended to do so as the registration process can be complex and time-consuming. A professional can help ensure that all the requirements are met and the registration process goes smoothly.
    You can Contact Easebis to getting Registered.

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