Private Limited Company is the most popular business structure which can be incorporated by minimum 2 individual.
Private Limited Company is the most popular business structure which can be incorporated by minimum 2 individual. This is the reasons behind its popularity among the start-ups and growing business as are the numerous benefits that come with private limited company registration. Some of these benefits are mentioned below-
Self attested copy of PAN Card
Self attested copy of Voter ID/Passport/Driver License (Any One)
Copy of Aadhar Card
Scanned passport-sized photograph
Latest Bank Statement /Telephone/ Mobile Bill/Electricity / Gas Bill (Any One)
mum 2 Director Required
Minimum 2 Shareholders Required
Director and Shareholder can be the person
Minimum Share capital is Rs. 1 Lacs
Company is registered under companies act 2013 and consider as separate legal entity and run under companies act provision and rules made there under.
For Id prof - Voter ID or Passport or Driver License only
For Address Prof - Latest Bank Statement or Telephone or Mobile Bill or Electricity or Gas Bill only
Additional Documents - Pan Card, Aadhar Card
Registered office is the address which are registered with concerned ROC and it can be happened in commercial as well as residential premises also and documents required for that is-
4- NOC From Owner
Yes, NRI or any foreign national can become a director in a private limited company subject to one another director should be Resident of India. Additional documents required:
Copy of Passport Which is attested by Consulate of Indian Embassy or Foreign Public Notary,
Copy of Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary
A private limited company must have minimum two person and they can become director as well s shareholder of company.
Company need minimum capital of Rs. 100,000 and same is not necessary to pay to bank and it can be adjusted against pre incorporation expenses or you can show this as capital infused in form of assets such as computers, furniture etc.
Usually, we register a company within 7-18 business days
DIN is a director identification number. DIN is allocated through SPICe Form if not allotted earlier.
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents.
MOA defines mission, vision, and business object of the company and AOA refers to articles of association which defines the internal constitution of the company,
As per the Companies Act provision, the company name should be unique and not resembling with existing company name, and it should reflect the business object.
No, your physical presence is not required during the process, all the documents need to submit online in sofT copy.
Mandatory annual compliances for Pvt. Ltd. Company is as below-
1. Auditor Appointment.
2. Convene AGM.
3. Income Tax Return filing.
4. Filing of Annual Return in form MGT-7 and financial statements in AOC-4.
GST Registration is not mandatory until the turnover of company reaches 20 lakh rupees.
Yes, you are eligible for multiple businesses under one private limited company. However, you need to mention the detail of these businesses in the MOA of the company.
Usually, we register a company within 14-21 business days