Private Limited Company Formation

Registering a Private Limited Company offers many benefits. 

• Separate Legal Existence

• Management and Ownership Separation

• Limited Liability of Shareholders

• Easy Fund Raising

• Transferability of Shares

• Improves Credibility and Trust and attracts good talent

Registering a Private Limited Company will require the following. 

Minimum Two Directors:

A Private Limited Company must have at least two directors. However, maximum 200 people can become shareholders in the private limited company.

One Resident Director:

Among two directors, at least one director must be a resident Indian for Private Limited Company Registration. Resident Indian means a person who has spent at least 182 days or more in a financial year in India.

No Minimum Capital:

There is no minimum capital required for Private Limited Company Registration. However, a Private Limited Company should have minimum authorized share capital of Rs. 1 lakh.

Unique Name:

The suggested name of the private limited company should be unique and should not be similar to any already existing company name or trademark.

• The Ministry of Corporate Affairs governs the company registration process. The below registration process is basis the governing laws of MCA:

• Step 1: Application for DSC (Digital Signature Certificate)

• Step 2: Apply for DIN (Director Identification Number)

• Step 3: Application filing for Nameavailability

• Step 4: Drafting and Filing of eMoa and eAoA

• Step 5: Apply for PAN and TAN of the company

• Step 6: Certificate of Incorporation issued by RoCalong with PAN and TAN

• Step 7: Open a Current Bank account on the company name

In India, Private Limited Company registration cannot be done without proper identity and address proof. Prescribed documents will be needed for all the directors and the shareholders for the company incorporation. Listed below are the documents that are accepted by MCA for private Limited Company registration

Identity & Address Proof:

• Copy of Pan Card of Directors (mandatory)

• Voter Id card or Driving License or Passport

• Any one of: Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months)

• Passport Size Photograph of Directors

Proof of Registered Office:

• Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)

• Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)

• NOC from Landlord

Deliverables

Below listed are the deliverables if you get your Private Limited Company registered from LegalKart:

• DSC & DIN for 2 Directors

• Company Name Approval

• MOA + AOA

• Incorporation Certificate

• Company PAN Card

• Company TAN Number

• Bank Account Opening Document Support