Private Limited Company
Formation
Private Limited Company Formation process is very simple online and fast. We provide Director Identification Number, Digital Signature, Name Approval of Company, MOA, AOA, and Company Incorporation certificate in all our packages with PAN and TAN Numbers.
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Documents required
- PAN Card or Passport (Foreign Nationals & NRIs)
- Copy of Aadhaar Card/ Voter’s ID/ Passport/ Driving License
- Passport-sized Photograh
- Mobile Number and Email Ids of all parties.
- Latest bank statement (2 months)/ telephone or mobile bill/ electricity or gas bill
- Electricity Bill for Registered Office.
Private Limited Company
A private limited company, often abbreviated as Pvt Ltd or Ltd, is a type of business structure that limits the liability of its owners and shareholders. This form of business is a popular choice for entrepreneurs due to its various advantages. One of the key features of private limited company members up to 200.
A private limited company is considered a separate legal entity different from its owners. This means the company can own property, incur debts, sue, and be sued in its own name.
Private limited Company Formation Process
Create Promoters' Digital Signature
Collect all documents from the Promoters and proof of the Registered Office of the company. Begin by creating their Digital Signature (DSC), crucial for signing the electronic incorporation application Form.
Decide on Company Name
Pick a unique name that aligns with the set name availability guidelines. During the online Formation process of the company, list your chosen names in the Spice Plus forms Part A and Part B.
Drafting of MOA, AOA & Statutory Declarations
Draft the Memorandum of Association (MOA), and Articles of Association (AOA) of the company and other documents. These documents contain the company’s legal details and internal regulations, with the Companies Act of 2013.
Receiving the Company Registration Certificate
Registrar of Companies of approval of the SPICE Plus application confirms your company registration. You’ll receive a Company Incorporation Certificate with your CIN, Company PAN & TAN, and other approved documents
Private Limited Company Benefits
Limited Liability
This means that the personal assets of shareholders are protected, and their liability is restricted to the amount invested in the company.
Confidentiality
Private limited companies generally offer a higher level of privacy compared to public companies. Confidential Information about the company’s financial performance, shareholders, and other details.
Perpetual Succession
Private Limited Company incorporated with rules and notification prescribed by the Companies Act, 2013.
Restrictions on Share Transfer:
The transfer of shares in a private limited company is often subject to certain restrictions outlined in the company’s articles of association. This helps maintain control over the ownership and management of the company.
Number of Shareholders
Private limited companies have a minimum and maximum limit on the number of shareholders. The minimum number is typically two, and the maximum is usually limited to a few hundred shareholders.
Separate Legal Entity
A private limited company is considered a separate legal entity different from its shareholders. This means the company can own property, incur debts, sue, and be sued in its own name.
Frequently Asked Questions
Company Formation in India is a straightforward, online process. It involves submitting the SPICe+ form to the Registrar of Companies (ROC). We ensure accurate completion and filing of the SPICe+ form along with the required documentation. So, for a seamless end-to-end company registration process in India, hire us as your Company Registration consultant.
The most important benefit of Private Limited Company formation online is its quick, online, and efficient process. It drastically reduces paperwork, time overruns, and allows real-time tracking of the application status.