Private Limited Company Registration

Introduction

If you are looking for a closely held and well-organized form of existence for your business, then Private Limited is the most appropriate option available.

Easily incorporated, a Private Limited is registered within a quick span of time, with minimum documentation and minimal number of promoters.

Features

Unique and Meaningful Name: The name should not resemble to any of the existing entities and shall not contain any offensive words detrimental to the interest of the society at large. Also, the name should necessary align with the objects of the company and must contain the word “Private Limited”;

Minimum Capital: The minimum capital contribution requirement by the promoters in case of a Private Limited Company has been removed and the company can be set-up with any amount of capital. It shall be contributed by all the shareholders in the proportion of the shares held by them;

Minimum Directors and Shareholders:There shall be present at least two Directors and Shareholders for the registration of a Private Limited. Both Directors and Shareholders can be similar person;

Registered Office: There shall be present, at the time of Company registration and at all times thereafter, a registered office address for the communication of the important matters by the authorities or otherwise. The registered office can be an owned property or a rented one.

Basic Requirements

The Private Limited Company should have a unique name for it which will not be equivalent to any other registered trademark.

It is mandatory for a Private Limited Company to have a minimum two directors.

As well as it is necessary to keep in mind that the Private limited company should have a minimum of two shareholders.

All members of Private Limited Company should have a digital signature which will be utilized to register a Private Limited Company.

There is no minimum capital required for initiating a Private Limited Company.

The process of registering a Private Limited Company is simple, make sure that you have a unique name for your company which will surely help you for quick registration.

You must avoid any offensive name for your Private Limited Company.

Procedure to register a private limited company

Document submission

Identify the 2 directors and submit their documents as given to the below.

Identity Proof
Proof of Address
Proof of residence

Name Approval

Document submission

The proposed name is applied and obtained from the Ministry of Corporate Affairs. Upto 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names.

Digital Signature

Document submission

SPICe+ form application

Digital signatures must be obtained for the proposed directors of the company. Digital signature is required for signing of the incorporation application. However, digital signature is not required for obtaining the name approval.

SPICe+ form application

On obtaining the digital signature, the incorporation application can be submitted in the SPICe form with the MCA. There is no requirement for obtaining the RUN name approval for submission of SPICe Form.

Company Incorporation

SPICe+ form application

Company current account

Company is incorporated along with the incorporation certificate, PAN,TAN and GST Certificate within 3-4 working days.

Company current account

SPICe+ form application

Company current account

We can connect you with few relationship managers to pursue with opening of your newly incorporated company's current account.

Benefits of Private Company registration

Separate Legal Entity

Uninterrupted existence

An entity means something which has a real existence; a thing with distinct existence. A company is a legal entity and a juristic person established under the Act.

Uninterrupted existence

A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved.

Limited Liability

Uninterrupted existence

Capacity to sue and be sued

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company.

Capacity to sue and be sued

To sue means to institute legal proceedings against or to bring a suit in a court of law.

Dual Relationship

Capacity to sue and be sued

Borrowing Capacity

In the company form of organization it is possible for a company to make a valid and effective contract with any of its members.

Borrowing Capacity

Capacity to sue and be sued

Borrowing Capacity

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc.

Private Limited Company Registration

Get your Company registered in just 10 days