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Private Limited Company Registration


Starting from Rs. 7999/-

Company Registration

Private Limited Company registration, the most popular legal structure for businesses, is an easy to form entity in India. The directors of a private limited company have limited liability to creditors thus in a case of default, banks/creditors can only sell company’s assets but not personal assets of directors. Private Limited should be your first priority if you want to start a company in India. It is very important to register your company as a registered company have multiple advantages from easy to register to easy to dissolve. All you need to do is register the directors with Ministry of Corporate Affairs (MCA) then register the name of the company and submit the company incorporation documents. A private limited company has a minimum of two members and a maximum of 200 members. The entire process takes 10 to 15 days, depending on whether you have the documents in order.

The private company registration process is completely online thus to get your entity registered you don’t even need to leave your home. At HerambIndia, we are continuously available to help you understand how to register a private limited company. Company Registration in India can be done through HerambIndia in all major cities, including Mumbai, and New Delhi, Chennai, Kolkata, Hyderabad, Bangalore & all other Indian cities.

Company Registration Process

1
COLLECT INFORMATION

You are required to give some information for Company Registration and email documents.


NAME APPLICATION & APPROVAL

We draft your application for Name of Private Limited Company and file it with the MCA office on your behalf.

2

3
APPLICATION SUBMIT & FEES PAYMENT

We will create all the required documents and file them with ROC on your behalf.


NAME APPLICATION & APPROVAL

We draft your application for Name of Private Limited Company and file it with the MCA office on your behalf.

4

Required Documents for Company Registration

Advantages of Private Limited Company

There are multiple reasons to choose private limited company

What You Need To Know

SEPARATE LEGAL ENTITY

Private Limited Company is a legal entity and a juristic person established under the Companies Act. Hence, a company has a range of legal capacities including opening of a bank account, hiring of employees, taking on equity or obtaining licenses and more as an independent corporate entity. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for company’s debts.

BORROWING CAPACITY

Private Limited Companies can raise equity funds in India. Companies can also issue equity shares, preference shares, debentures and accept deposits with RBI permission. Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.

LIMITED LIABILITY

Businesses often need to borrow money. In structures such as General Partnership, partners are personally liable for all the debt raised. So if it cannot be repaid by the business, the partners would have to sell their personal possessions to do so. In a private limited company, only the amount invested in starting the business would be lost; the directors’ personal property would be safe.

PERPETUAL SUCCESSION

Private Limited Company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.

OWNING PROPERTY

Private Limited Company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., No shareholder can make a claim upon the property of the company – as long as the company is a going concern.

FAQs on Private Limited Company

Who can be a director in a company?
Any person over the age of 18 years can become a director in a company. Also, there are no conditions on residency or citizenship hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
Limited liability is the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorship’s and partnerships, in a private limited company the liability of the shareholders in respect of the company’s liabilities is limited. In other words, the liability of the shareholders of a company is limited only to the value of shares taken up by them.
Minimum of two people are required to act as directors and shareholders for registration of private limited company. The directors must be natural persons, while the shareholders can be natural persons or corporate entities. In addition, a registered office address in India is also required for company registration.
On average, private limited companies are registered by HerambIndia in 10 to 15 days. The processing time would vary on a case to case basis based on the time taken by our clients to submit the necessary documents and government processing time.
Company incorporation certificate is provided as a pdf document by the Ministry of Corporate Affairs (MCA). MCA does not provide hard or printed copy of incorporation certificate.
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