Private Limited Company Registration - PowerPoint PPT Presentation

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Private Limited Company Registration

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Private Limited Companies are those types of companies where a minimum number of two members are required and can have a maximum of fifty members. – PowerPoint PPT presentation

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Title: Private Limited Company Registration


1
Private Limited Company Registration
  • Starting registering is business is an
    important step in an entrepreneurs journey.
    Choosing the right form of business is equally
    important. Here well guide you on Private
    limited company registration - what is an Private
    limited, why should you go for an Private
    limited, the registration process, documentation
    and requirements.

2
What exactly is a Private limited company?
  • A private limited company is a type of company
    which has shares held by directors or founders.
    There shares cannot be sold in a open market as
    in case of Public limited company. The directors
    or share holders in a pvt ltd company have
    limited liability.
  •  
  • In simpler terms, you need 2 or more than 2
    directors to start a private limited company.
    Also, the directors are not liable to pay for the
    company debts or creditors from their personal
    assets. This is a big advantage over normal
    partnership firm where partners personal assets
    like home car can sold to repay firm debts.
  •  
  • Limited liability advantage is also provided by
    LLP. But the key reason why entrepreneurs choose
    private limited is because VCs / Investors prefer
    Pvt limited over LLPs

3
Why should you go for an Private Limited ?
  • There are multiple reasons to choose private
    limited company
  • Preferred by banks, VCs investors.
  • Easy to allocate and re-distribute shares to
    investors or other directors.
  • Limits your liability. All of the risks of the
    business are spread out.
  • Easy to register, manage run.
  • Easy to dissolve or wind-up.

4
Concerns related to Private Limited Company?
  • Pvt. Ltd requires few more ROC compliances
    translating into a additional cost of 5K to 10K/
    annum.
  • Minimum capital required is Rs. 100,000
  • Still entrepreneurs prefer private limited for
    the ease in share transfer and potential for
    future growth.

5
Private Limited Company Registration Process?
  • First of all the partners have to apply for
    Digital signature and DPIN .
  • After that, you have to register for name
    approval. Name for the company should be unique
    otherwise the application would be rejected.
  • After that you have to file for subscription
    statement and incorporation document.
  • Apply for PAN and TAN
  • At the end you have to prepare a Private limited
    agreement and file with MCA
  • It typically takes 15- 25 days to form an Private
    limited.

6
Documents Required for Private Limited Company
Registration.
  • You will need basic set of documents to apply for
    LLP. This includes
  • PAN Card copy of Partners
  • Copy of Aadhaar Card or Voter identity card
  • Passport size photograph of partners
  • Property papers copy (If owned property)
  • Rent agreement copy Landlord NOC(If rented
    property)
  • Electricity/ water bill of business place

7
Requirements for Private Limited Company
Registration
  • Minimum 2 Directors
  • Minimum Capital Requirement of Rs. 100,000
  • At least one Indian Resident as Designated
    Director
  • DPIN for all Partners

8
How to register your Private Limited Company
using LegalRaasta?
  • We at LegalRaasta have helped over thousand
    companies in Private limited registration. To get
    your Private limited done from us, you can
  • Go to our website www.legalraasta.com and select
    LLP registration.
  • Fill our online questionnaire.
  • Select your package. You can choose for
    additional services like trademark and salestax
    registration and pay accordingly.
  • We will take care of the rest.
  • Hope this was helpful. Thanks
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