Private Limited Company

Private Limited Company

In India, a private limited company is a privately held entity with limited liability, and it ranks among the nation's most favored business structures. This popularity is primarily attributed to its numerous advantages, including limited liability protection, ease of formation and maintenance, and its status as a distinct legal entity. This encourages a prospective businessman to engage in the incorporation of private limited company. A private limited company enjoys legal separation from its owners and necessitates a minimum of two members and two directors for its operation. Here are the key characteristics of a private limited company in India, which justify the PVT LTD company registration

Company Registration Process

Step 1: Acquire a Digital Signature Certificate (DSC)

Step 2: Director Identification Number (DIN)

Step 3: Name Reservation for the Company (SPICe+ Part A)

Step 4: Submission of Company Details (SPICe+ Part B)

Step 5: Preparation and Submission of Incorporation Forms (SPICe+ MOA and AOA)

Additionally, file the AGILE-PRO-S form to register for GST, EPFO, ESIC, a bank account, and a shop and establishment license (which may be state-dependent).

Certificate of Incorporation

Upon successful document verification, the MCA will issue the Certificate of Incorporation (COI) with the Company Identification Number (CIN), PAN, and TAN.
These are the typical steps to be followed for PVT LTD company registration online in India successfully.

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Documents Required

To register a Private Limited Company using the SPICe+ (INC-32) form, the following documents must be submitted:

  • Affidavit by Subscribers - An affidavit on stamp paper from each subscriber confirming their intention to become shareholders of the company.
  • Proof of Registered Office Address - If Rented/Leased: Rental agreement and No Objection Certificate (NOC) from the property owner. If Owned: Ownership document such as Property deed.
  • Utility Bills: - A copy of the latest electricity bill, water bill, or gas bill (not older than 2 months) for the registered office
  • Subscribers/Directors - Valid identity and address proof
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