Private Limited Company Registration

A private limited company is a privately held corporation primarily designed for small businesses. In India, the legal responsibility of its members is limited to the shares they hold. The shares of a private limited company are not publicly traded and can fall into three categories: limited by shares, limited by guarantee, and unlimited.

Setting up a private limited company involves specific ROC (Registrar of Companies) compliance, incurring an additional annual cost ranging from Rs. 5,000 to 10,000. The company necessitates a minimum capital of Rs. 100,000 and can have a maximum of 200 members.

Documents Required for Registration:

• PAN Card copies of directors
• Utility bills for the business premise
• Passport-size photos of directors
• Aadhaar Card/Voter ID copies of directors
• Rent agreement copy (for rented property)
• Property papers copy (for owned property)
• Landlord's No Objection Certificate (NOC)

Registration Steps:

• Application for DSC and DIN: Each partner needs to apply for a Digital Signature and Director Identification Number.
• Name Approval: Provide three name options to the Ministry of Corporate Affairs, ensuring uniqueness and relevance to the business.
• MOA and AOA Submission: Draft the Memorandum of Association and Articles of Association upon approval of the company name.
• Incorporation Certificate: It takes about 15-25 days to obtain the certificate confirming the company's formation, including the Corporate Identification Number (CIN).
• PAN, TAN, and Bank Account Application: Apply for PAN and TAN, and then use the obtained certificates along with incorporation documents to open a bank account.

Registration Process:

ETaxwala simplifies registration procedures for businesses in India:

• Obtain DSC & DIN
• Name Approval
• MoA and AoA Submission
• Certificate of Incorporation, PAN, TAN, Bank Account
• Congratulations on completing the process!

FAQs:

1) Is it mandatory to deposit Share capital at the time of company Incorporation?


Ans: No, share capital can be deposited within two months after the registration process and bank account opening.

2) Does a Private Limited (PVT LTD) Company require yearly renewal?


Ans: No, a PVT. LTD. Company continues its existence until officially closed down by its owners.

3) Can the company address be changed after Incorporation?


Ans: Yes, the company address can be changed post Incorporation.

Q. How many partners are required?


Ans: Minimum of 2, maximum of 10 (banking) or 20 (other businesses).

4) Can PVT LTD Companies trade shares?


Ans: No, as privately owned companies, PVT. LTD. companies cannot trade shares publicly.

5) What is the qualification for an individual to be a shareholder or director of a PVT LTD Company?


Ans: There's no mandatory qualification for individuals to be shareholders or directors. Any individual can assume these roles.

6) What is a DIN (Director Identification Number)?


Ans: A DIN uniquely identifies a company director and must be mentioned in relevant documentation upon appointment.

7) What is a DSC (Digital Signature Certificate)?


Ans: A DSC is an encrypted electronic signature used for signing e-forms during company registration.