Private Limited Company

Private Limited Copany

A private limited company is a corporation that is privately held for small businesses. The legal obligation of the members of a Private Limited Company in India is limited to the number of shares respectively which are held by each of the partners. The shares of Private Limited Company shall not be publically traded. Private Limited companies in India can be of three categories: Company limited by shares; Company limited by guarantee and Unlimited Company.

A Private Limited Company needs a few more ROC compliance translating into an additional cost of 5000 to 10000 per annum. The minimum capital required is Rs.100, 000 and a private limited company could have a maximum of 200 members.

Documents Required For Private Limited Company Registration

• Copy of PAN Card of directors
• Electricity/ Water bill (Business Place)
• Passport-size photo of directors
• Copy of Aadhaar Card/ Voter Id card of directors
• Copy of Rent agreement (for the rented property)
• Copy of Property papers (for the owned property)
• Landlord NOC

Steps for Private Limited Company Registration

1. Application of DSC and DIN:

Each and every one of the partners must apply for a Digital Signature and DIN. A digital signature is an online signature that is utilized for filing and DIN refers to the Directors PIN number issued through MCA for a Private Limited

Company Registration

2. Name approval:

The partners in a Private Limited Company are required to furnish 3 different options for the corporation name towards The Ministry of Corporate Affairs (MCA) of which one shall be selected. The names provided should also ideally be unique as well as suggestive of corporation business.

3. MOA and AOA submission:

When the name of the Private Limited Company is approved, an applicant is required to draft a Memorandum of association and Articles of Associate which is necessary for the Private Limited Company Registration. 

4. Get an incorporation certificate:

It generally takes 15- 25 days to form a Private limited company in order to obtain the incorporation certificate. Incorporation certification is a confirmation that the corporation has been formed. It also comprises the CIN number.

5. Apply for PAN, TAN, and Bank account:

An applicant is then required to apply for PAN and TAN. PAN and TAN are generally received in 7 working days. After this, the applicant could submit the Incorporation certificate, MOA, AOA as well as PAN to a bank in order to open the bank account.

Private limited company registration in Delhi

The Pre-requisites for Private Limited Company Registration in Delhi include;

•    2 Directors

•    2 Shareholder

•    Registered Office Address (Residential/ Non-Residential)

Procedure for Private Limited Company Registration in Delhi

•    One must apply for Digital Signature Certificate (DSC) for the Private Limited Company Registration in Delhi.

•    One must apply for Director Identification Number (DIN) for the Private Limited Company Registration in Delhi.

•    One must apply for Name Approval with the Registrar of Companies (ROC), for the Private Limited Company Registration in Delhi.

•    One must apply for Registration with the new SPICe INC-32 forms for the Private Limited Company Registration in Delhi.

•    Then acquire the Registration Certificate.

Documents for Private Limited Company Registration in Delhi include;

•    Memorandum of Association (MoA)

•    Articles of Association (AOA)

•    Declaration and Affidavit through directors and first subscribers

•    Office Address Proof

•    Utilities Bills’ Copy not beyond 2 months old (Electricity, Gas, Water Bills, etc.)

•    Copy of approval in case the proposed name is comprising words/expressions required for authorization by the Central government for the Private Limited Company Registration in Delhi

•    If the proposed name for the Private Limited Company India is based upon a registered trademark then it is compulsory to attach a trademark registration certificate or trademark application copy

•    NOC from sole proprietors partners or associates or existing corporations is required for Private Limited Company India

•    Proof of identity as well as the residential address of subscribers.

•    Identity Proof as well as the proof of the residential address of the concerned directors.