Legal Corner is a leading provider of start up business consultant in Kolkata, offering a wide range of services to individuals and businesses. One of their key offerings is private limited company registration services in India.
As a highly experienced service provider, Legal Corner has a team of professionals who are well-versed in the legal and regulatory requirements for registering a private limited company. Legal Corner’s team of experts guides clients through the process, providing them with all the necessary information and documentation requirements. We ensure that all the legal formalities are complied with, enabling clients to set up their private limited company with ease. They offer end-to-end services to clients, starting from the initial consultation to the final registration of the company.
With their post-registration services, Legal Corner provides a comprehensive solution to all the legal and accounting needs of their clients, making them the preferred choice for private limited company registration services in Kolkata.
Private Limited Company registration in India is a legal process that involves colorful ways and obedience to be followed under the Companies Act, 2013. A Private Limited Company is a popular form of business structure that offers limited liability protection to its shareholders and separates personalized assets from business assets. A Private Limited Company is a closely held small business existent, which is one of the broadly recommended business structures for start-ups in India.
To register a private company under the Companies Agstct, 2013, a minimum of 2 shareholders are required, with a maximum limit of 200 members. Shareholders' liability is limited in case of financial risks. The company must have at least 2 directors during registration, with a maximum of 15 directors. The proposed director must have attained the age of 18 years. Foreign nationals are eligible to become directors in Indian private limited companies.
Incorporating a private limited company doesn't require a minimum paid-up share capital. Every private limited company must use "Pvt. ltd." after their name. A private limited company doesn't have any relationship with the public and they are not permitted to ask for any collateral from the public or public sectors. Additionally, shares of a private limited company are not transferable, which safeguards them against takeovers by large corporations.
In India, the Ministry of Corporate Affairs governs the registration of Private Limited Companies. This process involves obtaining a Digital Signature Certificate( DSC), Director Identification Number( DIN), filing of incorporation documents, carrying a Certificate of Incorporation, and registration with applicable government authorities. In this highly regulated environment, seeking the guidance of legal experts can make the process less daunting and assure that your business is registered in compliance with all legal necessities.
This checklist outlines the essential requirements that must be fulfilled to successfully register a private limited company in India. By following this checklist, businesses can ensure that they meet all the necessary legal and regulatory requirements and set up their company with ease.
A private limited company must have at least two directors, with a max of fifteen. A minimum of one of the company's directors must be a resider of India.
The name of your business must be unique. The suggested name shouldn't match any companies or trademarks in India.
There's no minimum capital amount for a company. A company should have an authorized capital of at least ₹ 1 lakh.
The registered office of a company doesn't have to be a commercial space. Indeed a rented home can be the registered office, so long as a NOC is attained from the landlord.
Are you planning to starta company as a private limited company? If yes, then you might be aware that the process can be quite complicated and involve many legal compliances. But don't worry! With our expert assistance, we aim to make the registration process a seamless and hassle-free experience for you.
Here's a breakdown of the steps involved in registering a private limited company:
The first step is to apply for a Digital Signature (DSC) and Director's PIN (DPIN). The DSC is an online signature used for filing, and DPIN refers to the Director's PIN number issued by the Ministry of Corporate Affairs (MCA). If the directors already have DSC and DPIN, then this step can be skipped.
Next, you need to provide three different options for your company name to the MCA, out of which one will be selected. The name options should ideally be unique and suggestive of your company's business.
Once your company name is approved, you need to draft a Memorandum of Association (MOA) and Articles of Association (AOA). Both the MOA and AOA are then filed with the MCA, along with the subscription statement.
After submitting the MOA, AOA, and other required documents, it typically takes 15-25 days to form a Private Limited Company and receive the incorporation certificate. The incorporation certificate serves as proof that your company has been created and also includes your CIN number.
Finally, you need to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). PAN and TAN are received within 7 working days. Once you receive these, you can submit the Incorporation Certificate, MOA, AOA, and PAN to a bank to open your company's bank account.
With the help of experienced professionals, you can rest assured that all the legal compliances are met and that your company is registered in a timely and efficient manner. By partnering with Legal Corner, you can rest assured that every step will be handled with professionalism and expertise, allowing you to focus on your business goals.