Private Companies incorporations

What is a Private limited company?

  1. Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India.
  2. A private limited company can have a minimum of two members and a maximum of two hundred members.
  3. The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).

Benefits of Company Registration

Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:

  • Shield from personal liability and protects from other risks and losses.
  • Procure bank credits and good investment from reliable investors with ease.
  • Offers liability protection to protect your company’s assets.
  • Greater capital contribution and greater stability.
  • Increases the potential to grow big and expand.
  • Attract more customers.

Minimum Requirement For Incorporation

  • Minimum 2 Shareholders & Directors (both can be same).
  • One of the Directors must be Indian Resident.
  • Unique Company Name – Two prospective names of the company.
  • Company’S Registered Office.
  • No Minimum Capital Requirement.
  • Min. 1 Lakh Rupee Of Authorized Capital.

Documents Required

  • Copy of Pan Card & Aadhaar Card.
  • Identity Proof – Voter Id / Passport / Driving Licence.
  • Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Phone Bill – Not Older Than 2 Months.
  • Passport size Photograph.
  • Company’s Address Proof.
  • If owned then Sale Deed.
  • If Rented/Leased – notarized copy of Rent/Lease Agreement/ No Objection Certificate alongwith Electricity bill.
  • Digital Signatures.