Private Limited Company

Services

Sample Certificate

PACKAGES

Private Limited Company
@ 9999/-

Private Limited Company Registration - An Overview

Company Registration is the first and foremost step for beginning of the new venture. Private Limited Company registration is the most popular form of “legal entity”among all businesses in india. Registering Private Limited Company is an important process, as it provides transparency and authenticity to your proposed business entity. Startups and growing company always prefer the tag of a “Private Limited Company”.

As evident from the name “Private”, Private Limited Company is a form of an entity whereby shares are held privately between the Shareholders who are generally relatives or Known. It is the best form of business entity for small and medium Businesses and allows for a 100% foreign direct investment with government approval. As quoted by experts that it is the best form of business for Startups because of the characteristics that it possesses. The Directors are the Person who are responsible for running the entity and are answerable to the stakeholders for the performance of company. Although Section 2(68) of Companies act, 2013 restricts it from raising Investments from the market but it can arrange funds and investments from the known for sure.

Private Limited Company Package Includes

Name Approval of
Proposed Company

Certificate of
Incorporation ( COI)

E-Pan and
E-Tan

Relationship
Manager (RM)

ESIC
Registration

DIN and DSC of 2
Proposed Directors.

MOA &
AOA

Bank Account
opening Kit

EPFO
Registration

Government Challan
& Fees

Process of Registering Private Limited Company

Filing for Name Approval

After the submission of documents to the Legalite, we apply 2 names to Ministry of Corporate Affairs vide www.mca.gov.in on behalf of our clients along with the requisite fees. Name Approval Generally takes 24-48 Hours Excluding Holidays.

Drafting of MOA & AOA

The MOA and AOA is drafted through the expert (CA/CS) as per the requirement of the Client, since the MOA contains the Object of the Company / Purpose for which the company is registered, Client’s involvement is required for accomplishment of the same. After the Drafting the application is finally made to the Department along with the attached DSCs of Subscribers/Directors and Professional (CA/CS/CMA)

Issuance of COI, E-Pan, E-Tan, ESIC and EPFO Registration

If the Department is satisfied with the Documents submitted and is of view that the Information given are in order and Documents are in order, it issues the Certificate of Incorporation Followed by E-Pan, E-Tan, ESIC and EPFO Registration.

Requirements for Registration

At least 2 shareholders and Directors who can be the same person.
One of the Directors must be resident in India.
Director Identification number (DIN) of all the Directors and shareholders are required.
Digital Signature certificate (DSCs) of all the Directors and shareholders are required.
Note: Company planning to incorporate in any specific Government regulated sectors are required to take Prior Approval of the Department before Registering the Company.

DOCUMENTS REQUIRED

For Directors / Shareholders

Passport Size Coloured photograph.
Aadhaar Card and Pan Card (Self Attested).
Email Id and Mobile number.
Telephone / Gas Bill/Electricity bill/ Bank Statement (Not exceeding 60 Days).
Passport/ Voter ID, Driving License.

For Registered office Proof

Proof of Premise: Electricity Bill/Telephone Bill/water Bill.
No objection Certificate (NOC) From Owner of Premise.

Benefits of Registering Private Limited Company

Limited Liability of Directors & their assets
Brand Building and better Image of the Entity
Funds and Investments are easily available
Considered as Pre Eminent form of Start-up
Employee retention is high because of Brand
Company can be very smoothly run & dissolved

General Queries

How may I apply the name of the Private Limited Company in India?

Two names in order of Priority can be applied at once on www.mca.gov.in website. Although all the rules pertaining to Rule 8 – Companies (Incorporation) Rules, 2014. The Uniqueness of name is also an important factor to be kept in mind while applying name of company. The Name Approval normally takes 24-48 hours from the time of application excluding holidays.

How May I check whether the name we are proposing Exists or Not?

Before deciding the name the factors such as uniqueness and Rule 8 – Companies (Incorporation) Rules, 2014 must be borne in mind, in order to check the name on www.mca.gov.in following steps are to be followed:

Visit on www.mca.gov.in
Click on MCA Services
Click on Company Services and Check Company Name

Is Physical Documents of Documents are required for Company Registration as my proposed registered office is in Bangalore?

No, there is no need of submitting any Physical copy of Documents as the process is entirely online. No physical Involvement is required at any point of time.

I am a working Men/Woman employed in another company, May I incorporate the Private Limited Company?

There is no such specific restriction as far as the Companies Act, 2013 is concerned rest Terms and Conditions or Job offer letter may be referred for any such restriction from your Employer. Many Companies Put restrictions pertaining to carrying on company while working in the company.

As minimum Two Directors/ Shareholders are required for Incorporating the company, May my Brother, Father or Mother act as the second Director/ Shareholder?

Yes, your Brother, Father, Mother or any relative may act as the second Director/ Shareholder.

Is PF, ESI and GST automatically applicable to Private Limited Company?

No, Applicability of all above is entirely based on the threshold limit set by the Government in that regard. Relevant act may be referred for specific provisioning.

May we change the address of Company after Registration?

Yes, the address of Company may be changed after the registration following the secretarial compliance post registration.

Will I have to deposit the amount of capital in Bank account?

Yes, you are supposed to deposit the sum equivalent to the shares subscribed during incorporation in the company’s Bank account opened after the Registration.

Is the Company required to appoint auditor after the registration?

Yes, the appointment of auditor who is Practising chartered Accountant in Practice is required to be done within 30 Days from the date of Incorporation and form ADT-1 is required to be filed within 15 days from the expiry of 30 days.