Private Limited Company

Introduction

A Private Limited Company is the best way to start your business, which secures your personal assets by Separate Legal Entity Feature. Company Registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013, and Companies (Incorporation) Rules, 2014. On the application filed regarding it, MCA registers the Private Limited Company and issues a Certificate of Registration along with PAN and TAN of the Private Limited Company.

Start your entrepreneurial journey with confidence. CorpIQ simplifies the process of registering your private limited company in India, ensuring you have more time to focus on what truly matters: growing your business. The whole procedure to register a Private Limited company is completely online on MCA 21 portal which is www.mca.gov.in and there is no need to submit any documents offline.

WHY CHOOSE A PRIVATE LIMITED COMPANY?

• Credibility & Prestige: Recognized as a formal corporate structure, a private limited company increases your business's credibility in the eyes of partners, investors, and clients.

• Limited Liability: Safeguard your personal assets. In a private limited company, owners are only responsible for the company's debts up to the extent of their share of ownership.

• Easy Access to Funds: Raising capital is more straightforward for private limited companies, be it through private investors or financial institutions.

• Continuity & Stability: The business continues to exist, irrespective of changes in the ownership or the life of its members.

 CORPIQ COMPANY REGISTRATION SERVICES

• End-to-End Registration: From the initial consultation to obtaining your Certificate of Incorporation, we handle every step with precision.

• Expert Consultation: Have questions? Our seasoned consultants like Chartered Accountants & Company Secretaries provide clear insights tailored to your specific business needs.

• Documentation & Compliance: Say goodbye to tedious paperwork. We ensure every document is in order and every compliance requirement is met.

• Post-Registration Support: Beyond just registering your company, we offer support services to help your business thrive in its initial stages which includes First Auditor Appointment, Filing of INC-20A (Commencement of Business) including assistance in the current account opening.

 DOCUMENTS REQUIRED FOR COMPANY REGISTRATION

Following are the documents that are required to register a private limited company in India.

• Identity Proof
• Permanent account number (PAN) card
• Aadhaar card/passport/voter ID/Driving license

• Address proof (not older than 2 months)
• Telephone Bill/ Mobile bill
• Electricity bill/ water bill
• Bank statement/ Bank passbook

• Passport Size photographs of Promoters

Note - All these documents shall be self-attested by the applicant

Contact details

Email IDs and Phone numbers are required to be provided. It is to be noted that such mail ID and phone number shall relate to the applicants only and not to any other person. And along with the mail ID and of promoters it is required to provide the contact details of the company as well.

Educational qualifications

Details related to the educational qualification of promoters are to be provided however there is no need to attach the proofs of educational qualification. It will suffice if the details related to the educational qualification are clearly mentioned in the incorporation form itself.

Registered office proof

• Recent copy of telephone bill/ gas bill/ electricity bill
• Rental agreement or lease deed or sale deed
• In case Any of the directors is the owner of the property then NOC from such director to the effect that he does not have any objection if premises is used as the registered office of the company.

 

HOW IT WORKS


Consultation: Begin with a free consultation to understand the nuances of private limited company registration.

• Document Submission: Provide us with the necessary documents, and we'll review them for accuracy and completeness.
• Application & Approval: We file the necessary forms on your behalf and keep you updated throughout the process.
• Receive Certification: Upon successful application, receive your Certificate of Incorporation and officially begin your business journey!

 

FEATURES OF PRIVATE LIMITED COMPANY REGISTRATION

• Separate Legal Entity- Entity means which has existence distinct from that of its founders. A company is a person in the eyes of law and has an identity different from that of its members.
• Limited Liability- The liability of members of a private limited company is limited to the extent of share capital of the company held by them. Even if company has huge debts and company is not able to repay its debts then also the personal assets of members of the company can not be used for the purpose.
• Perpetual Succession – the entity of a company does not get affected by the death or incapacity of any director or member. Even if all the members of the company are dead then also the company will remain in existence unless and until it has been dissolved through a legal procedure.
• Ownership and management - Unlike a public limited company where ownership and management of the company are widely scattered it is in the hand of few persons in the case of a private limited company since it is a closely held company and in most of the case directors and members are same to large extent.
• Fewer Compliance Requirements - As compared to Listed Companies and other Public Companies, there are fewer compliance requirements, and various exemptions available to a private limited company.
• Easy Exit and transferability- If at any time during the life of the company, any shareholder intends to take exit from the company then he may do by simply transferring the shareholding through share transfer arrangements.
• Investor friendly – when it comes to investment Company is most preferred entity than any other business entity. A company can also register itself under startup India scheme under DPIIT to enjoy numerous benefits which the Indian government comes up from time to time.