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Private Limited Company Registration Online

private limited company

Trusted by over thousands of Indian business owners to help them set up shop legally as a Private Limited Company Registration.

Get your new company registered at the lowest possible cost with the help of a personal account manager and a guaranteed fast turnaround time.

A professional group of accountants, secretaries, and attorneys walk you through forming a new business.

Private Limited Company Registration Procedure: Necessity

Forming a Private Limited Company (PLC) is a standard method of launching a company in India. It helps with reputation and recruiting outside capital and protects the founders from personal liability.

As a result, a corporate structure is favoured by start-ups and other forward-thinking firms with a tolerance for risk and ambitious growth plans. It has been officially recognized by the government and is listed in the MCA's official records thanks to the Companies Act of 2013.

Private Limited Company Registration- Through Best Platform

Licensed CPAs, Accountants, and Lawyers on Staff, Plus a Dedicated Relationship Manager and 24/7 Availability

With our online company formation service, you may start a business with minimal hassle and at a reasonable price.

Private Limited Company Registration Procedure

The process of forming a company in India consists of the following:

Step 1: Run Acceptance of a Name

When reserving a company name, the first step is to submit an application to the Ministry of Corporate Affairs for approval. Applicants can submit up to two potential characters in the application for name approval.

One may submit a maximum of one or two additional names if a name is initially rejected. Typically, the MCA will approve your requested name change in less than 5 business days.

Step 2: Director Digital Signatures Are Required.

The Ministry of Corporate Affairs in India does not recognize wet signatures. A digital signature issued by a Certification Authority in India is required for all filings with the MCA. Therefore, before a company can be formally incorporated, Directors must use electronic signatures.

The leading platform will have the Directors' digital signatures certified by an Accredited Certification Authority. The Directors must provide an identity document and go through a video Know Your Customer (KYC) process to get a digital signature.

If the Director is not a U.S. citizen, then the Director's passport and other supporting documents of Private Limited Company Registration must be apostilled by the appropriate foreign embassy before one can accept them.

Step 3: Filing the Articles of Incorporation

After obtaining digital signatures, one can submit the incorporation application and supporting materials in the SPICe Form to the MCA. The company's Articles of Association and Memorandum of Association are offered concurrently with the application for incorporation.

The Incorporation Certificate and PAN of the company are issued once the MCA determines that the application for incorporation is complete and acceptable. The MCA typically approves all applications for incorporation within five business days.

Importance of Private Limited Company Registration in India

This is best where you landed up to the leading platform. You need to understand that registration of Company plays a major role to protect the operational 

  • Shareholders' Liability Is Limited

By forming a PLC in India, the owners' liability is restricted to the amount of their capital investment.

Unlike Partnerships or Sole Proprietorships, their assets are shielded from the company's liabilities.

  • Having Its Existence in Law

The Private Limited Company Registration is considered an entity distinct from its owners for legal purposes. It has the legal capacity to act in its name when entering into contracts, acquiring property, and filing lawsuits.

It exists independently of its members and will continue to do so long after they are gone.

Because of the transparency of the organization's management and ownership.

Even though the corporation is owned by its shareholders, the board of directors is responsible for making all major business decisions. This ensures that the business's promoters and shareholders retain an appropriate level of ownership while reaping expert management's benefits.

  • Simple Fundraising

Loans are more easily issued to Companies and LLPs by banks due to their highly compliant structure.

Essential benefits of Private Limited Company Registration, such as restricted liability and simple ownership transfer, are provided by a Pvt Ltd Company.

Private limited businesses are favoured by investors such as venture capitalists, private equity firms, and high-net-worth individuals.

Documents Required for Private Limited Company Registration in India

To register a private limited company, you must have the following documents.

  • Get Your Aadhaar and PAN Card Online
  • All Indian Directors and Shareholders Must Submit Their PAN and Aadhaar Card
  • Shareholders and Directors should provide government-issued photo identification such as a driver's license, passport, or voter ID.
  • Shareholders and Directors must submit a copy of their most recent utility bill, bank statement, or other official document verifying their current address as proof of residence.
  • Recent Photographs for your Private Limited Company Registration
  • Updated pictures of all shareholders and board members in passport size
  • Provide a recent electric, gas, water, or telephone bill and a property tax bill to verify your business's physical location. A rental agreement and a letter of authorization from the owner are required if the property is rented.

 

At onlinexbrl.com you will get efficient solutions at reasonable prices for registration of a company. We have advanced business consultations for any issues related to the registration process.