Private Limited Company has non-governmental ownership. Private companies don’t allow the general public to buy their shares. The liability of these members is limited to their contributions. These limitations underline themselves in the Companies Act 2013. Private limited company registration or online company registration in India is only possible under this act.
- Features Of Private Limited Company Registration
This feature protects every director and shareholder against the risks and losses caused by a personal shield.
Changing directors or shareholders in a private limited company is the precise process that usually comes into practice very quickly.
Private companies hold more Tax benefits than any other LLP or Partnership Firms.
Private limited Banks, Financial Institutions, Creditors, and Debtors are among the most credible market players. They are more inclined towards it than other forms of business.
Startup business always prefers private limited due to Growth and stability in this business structure. Banks also advise granting loans and advances more often to private limited companies.
Companies will benefit from increased borrowing capacity of funds as they can issue debentures secured and unsecured.
Private limited Banks, Financial Institutions, Creditors, and Debtors are among the most credible market players. They are more inclined towards it than other forms of business.
Yes! Private limited remains for the longest time as it holds an interrupted existence until dissolved by legal action. The company doesn’t even get affected if the death or dissolution of any shareholder or member takes place.
Private limited companies usually emerge as a brand, which is the most crucial aspect of a company that promotes and gains the trust of customers, banks, and other stakeholders.
Private Limited Company Registration
The registration of a Company is quite a tedious process and requires a lot of formalities. A private limited company registration follows a series of steps mentioned below.
Obtain Digital Signature Certificate (DSC)
For private limited company registration, the DSC must agree with all subscribers and witnesses in the Memorandum Of Association (MOA) & Articles of Association (AOA). In Online company registration, the forms require a digital signature.
Apply For DIN (Director Identification Number)
We also accept DINs by anyone who aspires to be the company’s director for private limited company registration.
Name Approval
Name of the business must be unique for Pvt ltd company registration in India.
Form SPICe+ (INC-32)
Since 23 February 2020, the MCA has introduced SPICe+ for Pvt ltd company registration in India. SPICe+ form enables web-based incorporation and serves the following purposes with the benefit of a single application.
e-MoA(INC-33) and e-AoA (INC-34)
Memorandum represents the status of the company, and articles of association contain the internal rules and regulations for the company. Earlier the filing of this form was physical, but now it is an online procedure which makes Pvt ltd company registration in India easier.
PAN & TAN Application
Forms are auto-generated after the successful submission of the SPICe+ form. The Certificate of Incorporation of PLC takes effect after approval of the SPICe+ Form. The Income Tax Department will issue the PAN card. After completing the form, MCA will approve the registration means a CIN (Corporate Identity Number) will give.
Private Limited Company Registration
The registration of a Company is quite a tedious process and requires a lot of formalities. A private limited company registration follows a series of steps mentioned below.
Obtain Digital Signature Certificate (DSC)
For private limited company registration, the DSC must agree with all subscribers and witnesses in the Memorandum Of Association (MOA) & Articles of Association (AOA). In Online company registration, the forms require a digital signature.
Apply For DIN (Director Identification Number)
We also accept DINs by anyone who aspires to be the company’s director for private limited company registration.
Name Approval
Name of the business must be unique for Pvt ltd company registration in India.
Form SPICe+ (INC-32)
Since 23 February 2020, the MCA has introduced SPICe+ for Pvt ltd company registration in India. SPICe+ form enables web-based incorporation and serves the following purposes with the benefit of a single application.
e-MoA(INC-33) and e-AoA (INC-34)
Memorandum represents the status of the company, and articles of association contain the internal rules and regulations for the company. Earlier the filing of this form was physical, but now it is an online procedure which makes Pvt ltd company registration in India easier.
PAN & TAN Application
Forms are auto-generated after the successful submission of the SPICe+ form. The Certificate of Incorporation of PLC takes effect after approval of the SPICe+ Form. The Income Tax Department will issue the PAN card. After completing the form, MCA will approve the registration means a CIN (Corporate Identity Number) will give.
Advantages Of Private Limited Company Registration In India
These are all the necessary steps for pvt ltd company registration in India
Limited risk to personal assets
Shareholders of a private limited company have limited liability. Shareholders of registered companies do not have any personal liability.
Legal Entity
After registration of a company or private limited company registration, it becomes a separate legal entity from its owners. The company is responsible for the management of its assets & liabilities. It is possible to do so after registration of a private limited company.
Raising capital
Online company registration in India is preferred by owners as it helps them raise funds through equity.
Trustworthiness
Online company registration in India takes place by the Registrar of Companies under the Companies Act, 2013. Also, discussion with all the directors provides the formation of the company. Hence a PLC form of business structure is a more reliable source. Pvt ltd company registration helps to build trust amongst the general public.
Continue existence
After a successful Pvt ltd company registration, it has to have “perpetual succession”, which means that it can continue with its operations until the day after it is legally dissolved and ceases to exist. The company has a separate legal entity that cannot get affected by the death or dissolution of any of its members. However, it continues to exist irrespective of the changes in membership.
Different Forms Of Company Registration
Documents Required For Online Company Registration In India
Proof of identity and address
Proof of the office which is registered
FAQ's
Few doubts important to be resolved quickly
No, every process involved with a pvt ltd company registration is done online .Your work is only to send scanned documents and forms and all e-forms will be filled electronically on MCA Portal. So no physical presence is required to register a company in India.
Yes, a small business can register their business under Limited Liability Company Registration in India. It gives them credibility and the image of their business in the eyes of financial institutions, suppliers and potential clients. It helps the company to get loans with little compliance from banks or potential clients in closing deals.
No professional or educational qualifications are required to become a partner in a limited liability company. Any individual in the position of a person with common sense can establish a company. Anyone can register a company in India.
These articles contribute a really important piece of information for the directors and shareholders as it comprises their roles and responsibilities for the company and contains all the rules, vision and mission of your private limited company.
In private limited companies the minimum number of directors is two while the maximum is 200. You can register a private company in India with just 2 directors.
