How do I register a Private Ltd company?
Registering a company is very easy through BusinessRights. A minimum of two people is required as directors and shareholders.
The director’s PAN card, proof of address, and bank statement are required along with proof of address of the registered office.
How much time does it take to register a private limited company?
On average, registrations are completed within 10 to 15 days.
The turnaround time varies depending on the time it takes our clients to submit the required documents and the government authorities’ turnaround time.
How is the company formation certificate issued?
The company’s deed of incorporation is provided as a PDF document by the Ministry of Corporate Affairs (MCA). MCA provides only a soft copy of the Certificate of Incorporation.
Private Limited Company is one of the most popular types of company in India. As of October 2020, over 20 lakh companies were registered in India and 12 lakh companies were classified as active. All companies registered in India are subject to the MCA under the Companies Act 2013.
A private limited company provides limited liability protection to its shareholders. In the event of unforeseen losses, statutory or statutory liabilities, the company’s shareholders are not liable. In most cases, only the directors of a pvt ltd company are held responsible for various legal obligations.
A company can raise equity from individuals or entities interested in becoming shareholders. Entrepreneurs can raise money from private equity firms, angel investors, venture capital firms, and hedge funds. A company can also easily raise leverage from banks, financial institutions, and NBFCs.
A limited company is recognized as a separate entity with a dedicated PAN. Using the PAN and the company’s charter, an entrepreneur can open a checking account with any bank in a matter of days.
An Easy Step by Step Guide to the Private Ltd Company Registration Process:
Step 1: Applying for digital signature at eMudhra
Step 2: Applying for name approval to MCA
Step 3: Documents prepared based on the name approved by the MCA
Step 4: Signing of the founding documents by all Directors & Shareholders
Step 5: Submit the founding documents to MCA for approval
Step 6: Company formation with a certificate of incorporation & PAN
To know benefits of pvt ltd company registration click here.
Documents required for private ltd company registration
PAN Card: A copy of the PAN card of the proposed company directors is required for company registration.
Proof of Address: The submitted proof of address must contain the director’s name as shown on the PAN Card and the director’s most recent address.
Proof of residence: The proof of residence must also contain the name of the director stated on the PAN Card and must not be older than two months.
Proof of Registered Office: In addition to providing the identity, address, and home address of the directors, proof must be provided to confirm the registered company address of the company.
- The registered document of the title of the premises of the registered office on behalf of the company. OR
- The notarized copy of the rental agreement in the name of the company together with a copy of the rental receipt, which is not older than one month.
In addition to the above information, the following must be provided as proof of the registered office:
- The landlord’s approval (name on the utility bill or gas bill or water bill or property tax receipt or deed of purchase) for the Company to use the premises as its registered office. This is usually referred to by the landlord as a NOC; AND
- Proof of all utilities such as telephone, gas, electricity, etc. with the address of the building in the name of the owner or a document that is not older than two months.
How to check company name availability?
You can check company name availability on the MCA platform.
How much does it cost for registering a private limited company?
Apply Now for Private Ltd Company Registration.