Online private limited company registration in India

Online private limited company registration in India

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If you are intending to begin a business in India, the first and principal step is to build up the legal presence of your business in India by enrolling your business in consent to the applicable provisions of the Companies Act, 2013.

It is required to register your business prior to beginning any business. The initial step is to choose the kind of business structure you need to decide for your business among various types of business structures available in India. 

Private Limited Company registration is the most well-known type of business structure in India. The Company registration in India process is online and for registering a private limited company, at least two shareholders and two directors are required.

A Private Limited Company registration in India is standard for beginning a new business. This structure is created under the organized business sector governed by specific Acts and provisions. 

A company in India is joined and enlisted under the Indian Companies Act, 2013 which has designated the Ministry of Corporate Affairs as an overseeing body. 

Advantages of Private Limited Company registration in India:

You should consolidate your business as a Private Limited Company as there are various advantages of the Pvt Ltd Company incorporation:

  • Separate legal identity–Private Limited Company is a different lawful element from its individuals according to law and because of this differentiation, the individuals from the Pvt Ltd Company are responsible just for those activities which are attempted by them and not by different individuals.

  • Limited Liability–: Individuals from the private limited company have limited liability to the degree of their share in the company and individual resources of individuals can't be used for the payment of the liabilities of the organization under any conditions

  • Perpetual Progression–: Private limited company is shaped as a different corporate element in the eyes of the law. And, the life of the company doesn't reach a conclusion even with the demise, all things considered, and the life of the business proceeds.

  • Easy and free adaptability of shares–: Individuals can without much of a stretch exchange the shares of the private limited company as they need to just file and sign the share transfer form and offer it to the purchaser of shares alongside share certificates.

  • Raising the foreign investment–In a private limited company, any NRI or outsider can make an investment without government approval. Consequently, the raising of foreign investment is simpler in this type of organization than others.

How to consolidate a Pvt ltd company in India

If you are stressed over company registration in India, at that point you can without much of a stretch register a Private Limited Company in India online with the assistance of experts giving online CS and CA Services through the online company registration platform of Neusource startup minds India limited.

Stages for registering a Private Limited Company in India:

For online Company Registration in India, you need to follow simple steps which are clarified in detail below:

Step 1: Obtain a Digital Signature Certificate: Firstly to get the Digital Signature Certificates (DSC) of the individual in question. The necessity of DSCs emerges for filling of e-forms on the online portal of the Ministry of Corporate Affairs (MCA). Digital Signature Certificate, which is regularly known as DSC is given by the Certifying Authority in token form and is substantial for 1 or 2 years.

List of Documents for Digital Signature Certificate:

  • Passport size photo of the candidate;

  • Self-attested Address confirmation of the candidate; and 

  • Self-verified PAN card of the candidate.

Step 2: Obtain Director Identification Number

DIN is an identification number for a director and it must be acquired by any individual who needs to be a director of an organization. One DIN is sufficient to be a director in various organizations. 

The DIN got can likewise be utilized for an appointment for some other company organization and appointment as Designated Partner in the LLP.

Step 3: File for Name Approval

There are 2 alternatives for the name approval:

Alternative 1:  Apply for name approval by means of the RUN (Reserve Unique Name) form.

Alternative 2: Apply for name approval by means of the SPICe form (INC-32).

Step 4: File SPICe Form (INC-32): Ministry of Company Affairs has presented SPICe Form (INC-32) and serves the accompanying needs with the advantage of a single application:

  • Application for designation of DIN

  • Reservation of organization name

  • Incorporation of another organization

  • Application for PAN and TAN

The affirmation of an expert (Chartered Accountant, Company Secretary, Cost Accountant, or backer) is required and he confirms that all the information in the SPICe Form (INC-32) is right.

Step 5: e-MoA (INC-33) and e-AoA (INC-34): e-MoA alludes to an electronic Memorandum of Association and e-AoA is electronic Articles of Association and these forms are documented as a linked form with SPICe Form (INC-32) and must be endorsed by the supporters of the Memorandum of Association and Articles of Association.

Step 6: PAN and TAN Application: Through SPICe Form (INC-32), you can likewise apply for the organization's PAN and TAN by utilizing forms 49A for PAN and 49B for TAN. These forms will be auto- produced after the accommodation of the SPICe Form (INC-32). You just need to download it, affix digital signatures and transfer both forms to the MCA entrance.

Documents needed for registering a Private Limited Company in India:

A. Where director and supporter are Indian Nationals

  • An Affidavit on a Stamp Paper, which is to be given by all the supporters of the Company to express their readiness to turn into the shareholders of the Company

  • Proof of office address – Rental Agreement

  • Copies of utility bills which ought not to be more established two months

  • Copy of endorsement in case the proposed name of the organization contains any word(s) or expression(s) that require endorsement from the central government

  • If the name you proposed for your organization depends on a registered trademark or is a topic of an application pending for registration under the Trade Marks Act, then you need to compulsorily attach the trademark application copy

  • NOC from the proprietor of the property

  • In the case of endorsers/Director doesn't have a DIN, it is required to append, evidence of personality and address confirmation of the subscribers

B. Where director/ endorser is a foreign National

  • Passport

  • Address verification which can be a driving permit, residence card, bank statement, or a form gave by Government

01 Dec

Shivani Gupta
Shivani Gupta

“Starting Any Business Is A Formidable Journey Of A Lifetime!” NEUSOURCE ‘The Leader of Business registration’ clears the way for success in the present era by helping new startups. LET's GET STARTED!!