Nareshv and Associates

Private Limited Company

Expert assistance at your fingertips

Steps

1. Fill out the Form

Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our nareshv & associates CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

2. List of Documents Required

List of documents required for Private Limited Company

PAN Card of Directors
Identity Card of Directors (Voter id / Passport / Driving License)
Address Proof of Directors/Member (Utility Bill/ Bank Statement)
Passport Size Photo of Directors
Proposed Name of Company
Address Proof for Company Registered Office (Utility Bill & NOC)
In case of Foreign Directors - Document Must be Notarised & Apostle
Mobile Number and Email id of Directors

3. Registration Procedure

Step-1:
    Obtain DSC

Step-2:
    Apply for the DIN

Step-3:
    Application for the name availability

Step-4:
    Submission of MoA and AoA to register a private limited company

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

Step-6:
    ROC issues a certificate of incorporation with a PAN and TAN

4. Advantages

Credit Availability
Perform Globally
Limited Liability
Increased Value In Marketplace
Separate Legal Entity
Perpetual Existence
Ease In Transfer Of Ownership

5. Benefits of Private Limited Company

Limited liability protection for shareholders
Easier to raise capital through the sale of shares
Separation of ownership and management

6. Requirements of Private Limited Company

A minimum of two shareholders and two directors
A registered office address in the country of incorporation
A unique company name
A memorandum and articles of association
Filing of incorporation documents with the relevant government authority

Private Limited Company

What is Private Limited Company?

A Private Limited Company registration is a small business which is maintained privately, it is one of the highly recommended businesses in India especially for startups. Companies Act 2013 is the one governing and regulating the registration of Private Limited Company in India. The Ministry of Corporate Affairs provides the platform for pre and post registration of a company affairs of a company. Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.

Frequently Asked Questions

1. How many days are needed for establishing a private limited company in India?

If all the documents are ready, it will take around 2 weeks or 15 days

2. How much does it cost to start and run a private limited company?

It can be divided into four parts: money needed to set up a private limited company, for accounting and auditing and for compliance and miscellaneous expenses. Approximately, a minimum of Rs. 40,000 is needed and a maximum of any extent depending on the business.

3. What is DSC?

The DSC is nothing but a Digital Signature Certificate issued by certifying authorities (TCS and n-Code) using that certificate you can sign electronic documents. As, all the documents need a DSC to start up a Private Limited company in India.

4. Can Foreign Nationals or NRIs become Director in a Private Limited Company?

Yes, NRIs or Foreign National can become Directors of a Private Limited Company and they can also be a majority shareholder of the company. But importantly at least one Director on the Board of Directors of the company should be an Indian Resident.

5. What is the Director Identification Number or DIN?

Director Identification Number is a unique number issued by the Ministry of Corporate Affairs to applicants on whose name the application is produced, which permits the individual to be a Director in the Company.

6. Can a Private Company hold multiple businesses?

Yes, a Private Company can hold multiple businesses but it should be mentioned in the company’s MoA and should be approved by a registrar.

7. Can I have a registered place for the company at the residential place?

Yes, you can have a registered place of a Private Company at a commercial and also in a residential place by submitting the sufficient proof. A registered office of a company is a place where the business gets all the official communication, like from the MCA or from any concerned authorities and also the address will be displayed at the portal of the Ministry as well.

8. What is the Annual Compliance required to be fulfilled by a Private Company?

During every financial year, the private limited company must hold one Annual General Meeting (AGM) and about 4 board meetings such as once in every 4 months. Further, financial statements and the accounts of the company must be audited by an independent auditor regularly. Later, it shall file form AOC - 4 and MGT - 7 for Annual Compliance within the given time.

9. Can Private limited Company float equity or shares to the general public?

No, a Private Limited Company cannot float equity or shares to the general public.