Private Limited Company
Private Limited Company Registration Online in India
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What is a Private Limited Company?
A type of company that is owned and run by a group of people is a private limited company. Such entities are under the control of private stakeholders.
Unlike an LLP or a sole proprietorship, a Pvt. Ltd. company’s liability arrangement is less strict, protecting company assets from loss in the event of a financial crisis.
There is one exception to the rule that all partners in a Pvt. Ltd. company are liable for the company’s loss.
Such losses may be incurred by shareholders up to the number of shares they own. A member’s obligation to make up a business loss is therefore restricted to the number of shares they actually own.
Reasons to Register a Private Company
- Easily set up and recommended for Growing Startups.
- Limited Liability for Members.
- Greater Credibility in comparison to others
- Easily raise funds from Investors.
- ESOP Options are available to motivate Employees.
- Name Protection is available.
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Documents required for Private Company Registration
Documents required for Address Proof
- Voter Identity Card/Election Card
- Aadhaar Card
- Passport Driving license
- Telephone Bill
- Electricity Bill
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Documents required for Residential Proof
- Bank Statement
- Electricity Bill
- Mobile Bill
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Documents related to Registered Office
- Business Address Proof
- Rent Agreement in case of Rented Property
- Electricity Bill in case of Owned Property
Steps for company registration
Step 1 Obtain Digital Signature Certificate
Step 2 Name Availability
Step 3 Form SPICe+ INC-32
Step 4 e-MOA and e-AOA
Step 5 Get an incorporation certificate
Step 6 Get PAN, TAN, GST, and EPFO Registration
Step 7 Open Bank Account, Introduce Capital and commence the business.
FAQ
General Question
What is the process for registering a private limited company with Genuine Filings?
The process for registering a private limited company with Genuine Filings involves several steps, such as obtaining a Digital Signature Certificate (DSC), filing for Director Identification Number (DIN), filing for the name availability, drafting of the Memorandum and Articles of Association, and finally submitting the incorporation documents to the Registrar of Companies (ROC).
How long does it take to register a private limited company with Genuine Filings?
The time it takes to register a private limited company with Genuine Filings depends on various factors, such as the availability of required documents, name availability, and approval from the Registrar of Companies (ROC). Typically, the process can take anywhere from 10-20 days.
What are the documents required for registering a private limited company with Genuine Filings?
The documents required for registering a private limited company with Genuine Filings include PAN card, Aadhaar card, address proof of the proposed directors, address proof of the registered office, and Memorandum and Articles of Association.
What are the costs involved in registering a private limited company with Genuine Filings?
The costs involved in registering a private limited company with Genuine Filings may vary depending on the specific requirements of the business. Generally, costs may include government fees, professional fees for drafting and filing of documents, stamp duty, and other miscellaneous expenses.
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