Company is an association of both natural and artificial persons and is incorporated under the existing law of a country.
Private Limited Company is a company with private ownership. Also, it is the most popular option for starting the business in India through Legal Structure.
What are the minimum requirements for getting registered a Private Limited Company?
Minimum 2 Shareholders and Directors (Director and Shareholders can be same).
Diectors must hold DIN and DSC.
One Place of Registered Office (Residential Address may also be used as Registered office).
KYC documents of the Directors and Shareholders.
How does the process work?
Once you have decided to appoint us to incorporate a Private Limited Company, we will mail you the documents checklist and our executive will guide you for arranging the required documents.
Documents can be send in the form of hard copies or soft copies through our mobile app/website.
Once we receive the required documents we will verify the documents and proceed for the Incorporating your company
What will be included in the said package ?
- Personal Consultation
- DSC of 2 Directors
- DIN for 2 Directors
- Name search and application for reservation of name
- Preparation of MOA and AOA of the Company
- Applying for the Incorporation with the Ministry of Corporate Affairs and PAN / TAN with the Concerned authorities
- Obtaining Certificate of Incorporation and PAN/TAN number
What are the benefits of Private limited company for small businesses?
It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. Its’ easier for companies to get loans at favourable terms from banks or convincing potential clients while entering into deals.
What is the Minimum Number of Directors Required to Form a Company?
Private Limited Company requires atleast two directors to form a company
Is there any qualification to become a director or shareholder in a Private Limited Company?
Any individual can become a shareholder in a private limited company. There are no professional or educational qualifications required to become a director/shareholder.
What is Director Identification Number (DIN)?
Any person intending to become director in a company must apply for director identification number, issued by the Ministry of Corporate Affairs. The approved DIN is valid for life and the same DIN can be used by the director, even if he/she has directorship in more than one company.
Is PAN mandatory for obtaining DIN?
Yes, it is mandatory for all Indian Directors to obtain PAN. However, foreign directors do not need to hold PAN
What address to be given as registered office of the company?
The registered office does not have to be necessarily owned by the company, it can be on rented premises or premises owned by the director, either residential or commercial.
What is Memorandum of Association (MoA) & Articles of Association (AoA)?
MoA includes the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of the company. An Article of Association defines the rules and regulations made by the company for its administration and day to day management.
What is the Difference between Authorized Capital and Paid-Up Capital?
Authorized Capital is the maximum value of the shares the company is legally authorized to issue to the shareholders, whereas Paid-up Capital is the value of shares actually paid or invested by the shareholders of the company
Is it allowed to change registered office of the company after registration?
Yes, A company can change its registered office any time after registration.
Can a Foreign National or an NRI be a Director in a Private Limited Company?
Yes, a Foreign National or an NRI can be a Director of a Private Limited Company in India after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident Indian.
Can a Foreign National or an NRI hold shares of a Private Limited Company?
Yes, a Foreign National or an NRI Foreign Companies can hold shares of a Private Limited Company subject to adherence to the Foreign Direct Investment (FDI) Guidelines.