Private Limited Company Registration
A Private Limited Company is a type of legal business entity that restricts the transferability of its shares and limits the responsibility of its shareholders. The Permiso team will provide comprehensive assistance, starting from the project’s paperwork through its successful completion.
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A Private Limited Company is a type of company in which the liability of a member or shareholder is capped by the number of shares they own in the business. This means that if the firm incurs debts or liabilities, their personal assets are not in danger. A Private Limited Company in India is governed by the MCA (Ministry of Corporate Affairs) under the Companies Act, 2013, and must have at least two directors and two shareholders. A registered office in India is also required, as is a certificate of incorporation from the Registrar of Companies (ROC).
In order to form a private limited company in India, you must have the following:
- 2 Directors – A minimum of 2 directors are needed for a Private Limited company. 1 director has to be of Indian National
- 2 Shareholders – The directors of the company can be the shareholders of the company
- Registered office in India – The Private Limited company should have a registered office in India.
- Capital – Minimum Capital of 1 Lakh is required to start a private limited firm
The key benefits of a Private Limited company:
- Limited Liability: One of the main advantages of a private limited business is that the liabilities of the firm are distinct from the stockholders' individual assets. Shareholders are not held liable for the company's financial problems or legal proceedings.
- Separate Legal Entity: Private limited companies are considered separate entities and own the company assets, enter into contracts, etc.
- Perpetual Existence: The death, resignation, or insolvency of any Shareholder or Director will not impact the existence of the Company. Until it is formally dissolved, the corporation remains in operation, offering stability and continuity.
- Tax Benefits: The government may offer some tax advantages and incentives to private limited corporations in order to encourage business expansion and investment.
- Funding: Private limited firms can raise funds by selling shares to investors. This enables the organization to obtain funding for future growth, development, and operating requirements.
Documents required for registration of Private Limited company in India:
- Pan Card and Aadhar Card of all directors
- Passport Size Photographs of all directors
- Rent Agreement or Ownership Agreement if owned
- Electricity Bill
- Specimen signature
- No objection certificate from owner of the property
Once the documents are uploaded to MCA site, the Registrar of Companies (ROC) and the appropriate departments will verify the documents and forms submitted. The verification process takes about 15 days (subject to departmental approval and responses from the relevant departments).
You can apply for a Private Limited company registration through M/s. The Permiso. If you have any issues or facing any difficulty with the registration of a Private Limited company, you can call +91 8104691667 or email us at info@thepermiso.com
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Private Limited Company Registration Procedure
