Private Company Registration

“Company registration in India is most common legal structure and popular among everyone. A Private Limited Company Registration in India is governed by the Ministry of Corporate Affairs and is incorporated under the Companies Act of 2013, a private company does not offer or trade its shares to the general public on the stock exchanges, but rather the private stock of the company is owned and traded.

In these companies, the members’ liability is limited to the nominal share amount as mentioned in the Memorandum of Association. The shareholder cannot be held liable or asked to pay more than his/her share capital invested in the company.

Benefits of Company Registration

1. Limited Liability of Member: It means that if the company faces a loss, the personal assets of the members will not be used to pay the company’s debts
2. Separate Legal Entity: A company has a legal entity separate from its members. A separate legal entity means the law identifies the company as an entity with its own assets and liabilities.
3. No Minimum Paid-up Capital: Private limited companies do not require a minimum paid-up capital. It can be registered with a nominal amount of Rs.1,00,000 authorized share capital.
4. Easy to Fund Raising: Angel investors and venture capitalists invest only in private limited companies or public limited companies.
5. Perpetual Existence: A private limited company has a perpetual succession, which means it has a continued or uninterrupted existence until it is legally dissolved.
6. Credibility: Private Limited Company have more creditability as compared to Proprietorship and Unregistered Partnership

Registration Criteria for Private Limited Company

1. There must be at least two Directors and two Shareholders
2. One Director and One Shareholder must be an Indian Citizen
3. Your Company Name must be end with Private Limited
4. There is no minimum capital requirement for forming a private limited company
5. The name should be unique and should not be similar to any other existing company and trademark.

 

Documents Required for Company Registration

1. Self-Attested Pan Card of Shareholder and Director
2. Self-Attested passport, Voter Id card, Driving License, Aadhar Card
3. All Directors and Shareholders shall provide Latest Bank Statement not older than Two Months
4. Company Address: Latest Electricity Bill, Phone Bill, Gas Bill, not older than Two Months Can be used as proof of the registered office address
5. Any Two Director recent passport size photo
6. Every Director and Shareholder email id and phone no