Documents Required For Incorporating a Private Limited Company - PowerPoint PPT Presentation

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Documents Required For Incorporating a Private Limited Company

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A private limited company is the most sought after form of corporate legal Registration in India. The MCA (Ministry of corporate affairs) governs the company registration as per the companies act 2013 as well as the companies incorporation rules 2014. Also, for the company registration process, 2 directors and 2 shareholders are required. Remember, both shareholders and directors may or may not be the same person. In India, private limited company registration is preferred over other forms of business Registration. It ensures limited liability and gives a separate legal entity to the business. Also, company formation results in clear ownership of the business entity which is defined by share capital of the company. The formation of a business entity is the first step in scaling your business and paves the way for outside funding while letting you attract top talent by providing stock options. – PowerPoint PPT presentation

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Title: Documents Required For Incorporating a Private Limited Company


1
Documents Required For Incorporating a Private
Limited Company A private limited company is
the most sought after form of corporate
legal Registration in India. The MCA
(Ministry of corporate affairs) governs the
company registration as per the companies
act 2013 as well as the companies
incorporation rules 2014. Also, for the company
registration process, 2 directors and 2
shareholders are required. Remember, both
shareholders and directors may or may not be
the same person.
In India, private limited company registration
is preferred over other forms of business
Registration. It ensures limited liability and
gives a separate legal entity to the business.
Also, company formation results in clear
ownership of the business entity which is
defined by share capital of the company. The
formation of a business entity is the first step
in scaling your business and paves the way for
outside funding while letting you attract top
talent by providing stock options. But, you
need to take into consideration
mandatory audits with higher compliance
that could be tough to maintain. Also,
higher compliance will lend better
credibility to your business than any other
firm of incorporation of a company in the
country.
2
  • What are the benefits of registering a private
    limited company in India?
  • Some of the key benefits of registering a private
    limited company are
  • Limited liability of shareholders
  • Separate legal existence
  • Transferability of shares
  • Easy fund raising
  • Management and ownership separation
  • Improves credibility and trust
  • What are the basic requirements for registering a
    private limited company?
  • Minimum two directors
  • A private limited company should have at least
    two directors but maximum 200 people can become
    shareholders in the company.
  • One resident director
  • At least one director should be a resident
    Indian for private limited company
    registration. Also, resident Indian means an
    individual who has spent at least 182 days or
    more in a financial year in the country. No
    minimum capital There is no minimum capital
    needed for private limited company registration.
    But, a private limited company must have a
    minimum authorized share capital of Rs. 1 lakh.
  • Unique Company Name
  • The name of your private limited company must
    be unique and should not be similar to and
    already existing company name or even trademark.
  • Let's Know about the Private Limited Company
    Registration Process!
  • The ministry of corporate affairs governs the
    company registration process. We have mentioned
    complete Registration below.
  • Step 1 Application for DSC (digital signature
    certificate) Step 2 Apply for DIN of director
    identification number Step 3 Application filing
    for name availability
  • Step 4 Drafting and filing of eMoA and eAoA.

Step 6 Certificate of incorporation issued by
ROC along with pan and tan.
3
  • Step 7 Open a current bank account on your
    company name.
  • What documents are required for private limited
    company registration in India?
  • Required Documents for Registration of
    Private Limited Company is of very
    importance as a small mistake in documents can
    result in the waste of efforts in the entire
    process. Private limited company under
    company act 2013 provides flexibility in
    incorporating a variety of different companies
    with varying extent of liability according to the
    need and Business needs.
  • Therefore, a promoter can decide whether to form
    a one person company, public limited company or
    Limited Liability Partnership and can
    choose the type of private limited company to
    be formed. Also, there are a few set of documents
    needed for private limited company registration
    in India. The complete procedure of incorporating
    a company is managed by the registrar of the
    companies.
  • The documents required for the private limited
    company registration
  • Stage 1
  • Apply for DIN (Director identification number)
    for each director
  • Passport size photographs of directors
  • Copy of PAN card of directors
  • Copy of latest bank statement or mobile bill,
    Electricity bill or gas bill.
  • Copy of aadhaar card, voter ID card of directors
  • Directors email ID and phone number
  • Specimen of digital signature of the directors.
  • Stage 2
  • Proof or registered office address
  • If the property is rented, copy of lease deed or
    rent agreement, copy of

registration must not be older than 2
months. The landlord of the registered
4
  • office must provide a NOC for holding the
    registered office in your office premises and
    should submit your identity proof and address
    proof.
  • State 3
  • Once the company name is approved by the ministry
    of corporate affairs, now you can apply for the
    Certificate of incorporation. The three forms are
    needed-1) INC-7, 2) INC-22 and 3) DIR- 12.
  • Stage 4
  • Now you need to apply for a certificate to
    commence business. It is also essential for a
    public limited company and private limited
    company as per section 11 of the companies act
    2013. It is important to file INC -21 within 180
    days of receiving a Certificate of incorporation.
  • You must choose the right company structure for
    your business prior to issuing the documents
    needed for company registration in India.
    You must pick the company structure wisely
    because it will let your company operate
    efficiently and meet the desired targets of
    profitability. For starting a company, you can
    choose business structures like one person
    company, LLP, Sole Proprietorship, public
    limited company and private limited company.
  • For any help, you can contact ExpertBells. Just
    tell them a few details about your business and
    submit the documents and they will start the
    process. You will be ready to operate as a
    private limited company within 3 weeks. They make
    your interaction with the government as
    smooth as possible by doing all the
    paperwork for you. They will give you
    absolute clarity on the process to set
    realistic expectations. Their Online Company
    Registration team is a phone call away if you
    have any questions or queries about the process.
    They ensure that your doubts are cleared or your
    issues are solved before they arise.
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