Private Limited Company

One of the most well-liked methods of establishing a business in India is by registering a private limited company. It offers several tax and regulatory benefits. In India, it is the most common and well-liked kind of corporate legal entity. The Companies Act of 2013 and the Companies Incorporation Regulations of 2014, both administered by the Ministry of Corporate Affairs, govern the registration of private limited companies. A private limited corporation must have a minimum of two shareholders and two directors in order to be registered. While a corporate legal entity can only be a shareholder, a natural person can serve as both a director and a shareholder. A company with foreign direct investment is the preferred type of entity since it permits foreign citizens, foreign business entities, or NRIs to be directors or shareholders. Private limited companies, which have special qualities like perpetual existence, separate legal entity status, limited liability protection for shareholders, and the capacity to raise equity capital, are the most frequently advised form of business entity for millions of small and medium-sized enterprises that are family-owned or managed by professionals.

Private Limited Company:

• According to Company Law, a private corporation is one that has a minimum paid-up share capital of Rs. 1 Lakh or an amount higher as may be required, and its articles of association restrict the right of share transfer and set a cap on the number of members at 200, excluding both current and former employees of the company who were members both during their employment with the company and who have remained members after leaving.
• prohibits inviting the public to subscribe for any of the company's shares or debentures;
• Prevents inviting or accepting deposits from anybody besides the organisation's members, directors, or relatives.

Minimum Requirement to be fulfilled to Form a Private Limited Company:

• There are two directors and two promoters (shareholders)
• All directors must have a DSC (Digital Signature Certificate)
• Authorised capital of Rs. 1,000,000
• Director Identification Numbers (DINs) for each director
• Digital Signature Certificates (DSCs) for each director

Documents Required for Private Limited Company:

Identity Proof of directors:

• Passport / Driving licence /Aadhaar card
• Electricity bill / Bank statement (less than 2 months old)

Registered Office Address Proof:

• Rental Agreement OR sale/registration deed (if owned)
• Copy of recent utility bill (electricity/water) or property tax receipt
• No objection certificate from landlord for use of property as registered office (for rented offices)

Required documents/information's for Allotment of DIN:

• PAN Card Self-attested copy
• Self-attested address evidence of the prospective directors (such as most recent bank statement, phone or mobile bill, electricity bill, etc.);
• Valid driving licence, passport, or Aadhar card as identification
• Passport size colour and clear photograph (3.5 cm X 2.5 cm)
• A specific affidavit signed by the person (*Self-attested* Statement by the Person)
• Educational Qualification
• Current Occupation
• Valid Email Id and Mobile Number

What You Have Now:

• DIN for one director.
• Digital signature token for director and nominee.
• MoA & AoA (Memorandum of Association & Articles of Association),
• Incorporation Certificate from MCA with CIN (Corporate Identity Number),
• Company PAN card,
• Company TAN number,
• All supporting documents for opening a bank account.

Supporting Your On-Going Business:

• We can file your TDS & GST returns,
• keep track of your accounts, and provide you with periodic progress reports at the end of each month. We can also compile and submit your income tax returns