PRIVATE LIMITED COMPANY

Private Limited Company

The most popular legal structure option for businesses in India is Private Limited Company. Registration is important as a registered company have multiple advantages from easy to register to easy to dissolve. Start-ups prefer private limited company as it allows outside funding to be raised easily and also limits the liabilities of its shareholders.

This structure can have minimum of two members and a maximum of two hundred members.The First step is to check your eligibility and required documents. The Foreign Direct Investment is allowed in a Private Limited Company under the Automatic Route and no Prior Approval is needed. Hence, we strongly advise registering a Private company for your business.

Advice Brain helps you to register your Private LimitedCompany. We extend our full support in documentation, preparation, filing and subsequent Follow-up with ROC and complete the entire process in 10-15 Working days.

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Private Limited Company

BENEFITS

  • Limited Liability
  • Separation of Management& Shareholders
  • Separate Legal Entity
  • Perpetual Succession
  • Easy Equity Funding
  • FDI Allowed

Eligibility

  • Minimum Two Directors
  • Minimum Two Subscriber
  • One Resident Director
  • No Minimum Capital
  • Unique Name

Procedure for Private Limited Company

Digital Signature of Director

We will start the procedure by applying for Digital Signature Certificates

Verification & Name Approval

The name must be unique and should not be same or similar to an existing company, LLP or a trademark.

Prepare MOA, AOA and other incorporation documents

SPICE Form is filed for incorporation of the company

PAN,TAN & GSTIN

File incorporation documents & obtain Certificate of Incorporation, PAN, TAN & GSTIN

Opening of Bank Account

Open a Bank Account in the name of the Company and transfer the amount of shares subscribed by the subscribers.

Documents Required for Private Limited Company

  • Passport size photograph of directors & Subscribers
  • Copy of PAN Card of directors & Subscribers
  • Copy of Identity Proof (Voter identity card/Driving license/Passport) of directors & Subscriber
  • NOC from the owner of premises (Format will be provided)
  • Copy of Rent agreement (If rented property)
  • Copy of Property papers (If owned property)
  • Copy of Latest Residential Proof (Bank Statement/Electricity Bill/ Telephone Bill/ Mobile Bill) of directors & Subscriber
  • Latest Utility Bill (Must be Latest)
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FREQUENTLY ASKED QUESTIONS

The documents on which promoters need to sign are DIR-2(Consent from all the director), Declaration of Promoter - Non-Deposit &INC-9 (Declaration by first Subscriber)
A no objection certificate must be obtained from the owner of the premises. The NOC need to be obtained on plain paper.
A registered office must be capable of receiving and acknowledging all communications and notices as may be addressed to it. All the statutory records of the company also need to be maintained at the registered office hence having registered office address at coworking space is not acceptable unless this is a lockable area.
DSC stands for Digital Signature Certificate. It is basically a pen drive containing your signature in a digital form and is password protected.It is mandatorily required to sign the various incorporation applications by directors and shareholders digitally. It is only issued by government authorized agencies.
Yes, the entire process and documentation are different for a company with foreign shareholdingYou may navigate to the relevant page for foreign corporation incorporation.
Yes, to incorporate your company latest utility bill along with NOC is required
Minimum 2 and Maximum 200 shareholders can be added in the company.
Minimum 2 Maximum 15 directors are required for a company
Limited Liability means that the liability of the shareholders is limited and they not personally liable to pay debts of the business. They are responsible for the unpaid shares of the capital of the company.
MOA and AOA are main documents of the company. It defines the business objectives and rules & regulations of the company. It is drafted by our professionals and delivers to you along with Certificate of incorporation
Yes you can unless it is prohibitedby your employment agreement.
From the date of submission of complete required documents, it will take approximately 10-15 working days to deliver certificate of incorporation in your hand
Apart from the benefit of Limited Liability as explained above a company have following significant features
  • The company has perpetual succession and its dose not matter how many directors, officers, and shareholders join or leave.
  • The Companyin its own namecan Sue and be Sued.
  • It has a separate identity from its owners or shareholders.
  • It can receive financial assistance from banks and financial institutions and also enjoys an advantage of borrowing funds.
  • Like a person a private limited company can purchase, sell, own, possess, enjoy and transfer property rights to anyone in its name

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