Private Limited Company Registration offers limited liability, ease of formation, and legal entity status. It requires a minimum of two directors, 2 members, and at least one Indian resident director with a Director Identification Number (DIN).
Private Limited Company Registration offers limited liability, ease of formation, and legal entity status. It requires a minimum of two directors, 2 members, and at least one Indian resident director with a Director Identification Number (DIN).
A private limited company is a privately held entity with limited liability. The private limited company includes benefits of limited liability protection, ease of formation and maintenance, and its status as a distinct legal entity. A private limited company enjoys legal separation from its owners and necessitates a minimum of two members and two directors for its operation.
Eligibility Criteria | ||
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i | Directors and Members Requirement | A minimum of two directors and 2 members are required for Private Limited Company Registration in India, as per the Companies Act of 2013. |
ii | Director Identification Number (DIN) Mandate | Directors must have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA). |
iii | Indian Resident Director Obligation | At least one director must be an Indian resident, having spent 182 days in India in the previous calendar year. |
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Every director and shareholder must secure a Digital Signature Certificate (DSC) issued by the Controller of Certification Agencies (CCA). This involves providing essential details such as passport-sized photos, PAN, Aadhaar Card, phone number, and email address. Foreign nationals should also furnish notarized and apostilled documents if applicable.
Obtain a Director Identification Number (DIN) if you intend to be a director in the company. DIN is essential for directors and needs to be provided in the registration form.
Begin by completing the SPICe+ Part A form to secure a unique company name. This entails selecting the company type, class, category, and sub-category, specifying the primary division of industrial activity and offering a comprehensive business description. You'll need to propose two names for approval.
Provide comprehensive information concerning capital, registered office address, subscriber and directors' details, stamp duty, PAN and TAN application, and necessary attachments. Ensure compliance with the Companies Act 2013 and obtain digital signatures from assisting professionals.
Draft the Memorandum of Association (MOA) and Articles of Association (AOA) containing crucial company details. Obtain digital signatures from subscribers and professionals before submitting these documents to the MCA for approval.
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).
Upon successful document verification, the MCA will issue the Certificate of Incorporation (COI) with the Company Identification Number (CIN), PAN, and TAN.
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.