Private Limited Company registration procedure, the most popular legal structure for businesses, is an easy to form entity in India. In simplified terms, its a proper company registration in India with the ministry of corporate affairs and gives you rights doing business anywhere in India or outside. MCA 21 register your pvt ltd company and provide to you CIN Number with Certificate of Incorporation. At the end of the process, you have to simply open a current bank account on the basis of Certificate and Start your Company Operations. The directors of a private ltd 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 21) then check company name availiability and register the name of the company and submit the company incorporation documents to registrar of companies. A private limited company has a minimum of two members and a maximum of 200 members. The entire firm registration process takes 10 to 15 days, depending on whether you have the documents in order.
For the startup india registration process you must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. You have to follow all the normal procedures for registration of any business like obtaining the certificate of Incorporation/Partnership registration, PAN, and other required compliances.
The private ltd company registration process is completely online thus to get your entity registered you don’t even need to leave your home. At HerambIndia (company registration agent), we are continuously available to help you understand how to register a private companies in india. Company Registration in India can be done through HerambIndia (company registration services provider) in all major cities, including Mumbai, and New Delhi, Chennai, Kolkata, Hyderabad, Bangalore & all other Indian cities. Check company registration number
Yes, Online Private Ltd Company Registration is possible with HerambIndia. No requirement of any physical presence. You can register a pvt ltd company in India from anywhere at your fingertips.
In the private limited company, you have to choose a unique name. Because once a name has been registered with the MCA 21 then no one other company take over the same name. It's just like Brand Registration. So you have to provide 2 name during the name approval process during the Private Limited Company Registration Process. once you provide the company name, then MCA 21 check the same and approved as per the name availability rules and regulations.
The MCA 21 approval of a company name does not grant trademark rights or authorize a company to use a particular business name in commercial activities. A company may have incorporated under a name but find itself liable for trademark infringement or dilution — with potential risks of an injunction, disgorgement of profits, payment of damages, and more — for use of the name.
Trademark infringement occurs when a person or company uses a name or mark in a way that causes a likelihood of confusion with another person or company with respect to source, sponsorship, or affiliation of products, services, or commercial activities. It therefore is important to assess the potential trademark law risks of a name before adopting it as a company name. The applicant must do TMR Public search.
You are required to give some information for Company Registration and email documents.
We draft your application for Name of Private Limited Company and file it with the MCA 21 office on your behalf.
We will create all the required documents and file them with ROC on your behalf.
We draft your application for Name of Private Limited Company and file it with the MCA 21 check office on your behalf.
There are multiple reasons to choose private limited company
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.
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.
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.
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.
Pvt Ltd 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.
Digital Signature is the first step to form a private limited company. All the eforms are online so its required the digital signature instead of the physical signature. In the MOA & AOA of the company all the directors or subscriber required the digital signature.
Digital signature prepared by the govt authorized authority only such as Emdura or Sify etc. These certifying agencies provide the digital signature in under class 2 and class 3. mainly its required the class 2 DSC Only. if we talk about the DSC Cost then its cost around 1000/- INR per DSC.
DIN is mandatory to become the director of any company. Only one din is allowed for one person. So after the obtaining DSC you have to required to apply for the DIN. There are 2 ways to apply for the DIN -
This is one of the most important steps during the private limited company incorporation. you have to choose a unique identity name for your company. there are 2 ways to register or book your name for the private limited company.
Previously before introducing the SPICe's form you have to require the file MOA & AOA of the Company physically paper to the MCA 21 but after the introduce new SPICe's form you have to just attach Electronic MOA & AOA of the Company.
Note - SPICe's INC-32 Forms and all other above process required the digital signature certification from the Practising Chartered Accountant or Company Secterary or Lawyer. So you can do it yourself without helping of the professional. Take Herambindia service and Relex !
Previously before introducing the new forms, during the private ltd company registration required to separately apply for the PAN & TAN for the same. but now you can apply through SPICe's form together.
If everything is perfect and approved by MCA 21 Registrar of Companies then they will be issued Certificate of Incorporation with PAN & TAN for the same.
So this is the last step for your private limited company. after the getting certificate of incorporation, you have to simply open a current bank account as per your choice on the basis of the documents which is provided by us (HerambIndia executive).