HOW TO REGISTER PRIVATE LIMITED COMPANY

1. Understanding a Private Limited Company

- A Private Limited Company is a privately held business entity limited by shares. It offers limited liability to its shareholders and is considered a separate legal entity from its owners.

2. Benefits of a Private Limited Company

• Limited Liability: Shareholders' liability is limited to their shareholding.

• Separate Legal Entity: The company is distinct from its shareholders and directors.

• Ease of Fundraising: Easier to raise funds through equity.

• Perpetual Existence: The company continues to exist even if the shareholders change.
  
  

3. Prerequisites for Registration

Before registering, ensure you have the following:

• Minimum 2 Directors: At least one should be a resident of India.
  

• Minimum 2 Shareholders: Directors and shareholders can be the same individuals.
  

• Unique Name: A name that complies with the Companies Act, 2013.
  

• Registered Office Address: An official address for correspondence.
  
  

4.Step-by-Step         Registration Process

Step 1: Obtain Digital Signature Certificate (DSC)

All directors need a DSC to sign electronic documents. Apply for a DSC through certified agencies.

Step 2: Apply for Director Identification Number (DIN)

Each director must have a DIN. Apply for a DIN online via the Ministry of Corporate Affairs (MCA) portal.

Step 3: Name Approval

Choose a unique name for your company and apply for name approval through the RUN (Reserve Unique Name) service on the MCA portal. Ensure the name complies with naming guidelines.

Step 4: File Incorporation Form (SPICe+)

Fill and submit the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form. Attach the required documents, including:

• PAN cards and address proof of directors

• Proof of registered office address

• Memorandum of Association (MOA) and Articles of Association (AOA)
  
  

Step 5: Certificate of Incorporation

Upon approval, you'll receive the Certificate of Incorporation (COI) from the Registrar of Companies (ROC). Your company is now legally registered.

5. Post-Incorporation Compliance

After registration, ensure compliance with the following:

• PAN and TAN Application: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

• Bank Account: Open a bank account in the company’s name.

• Compliance Filings: File annual returns, financial statements, and other required documents with the ROC.
  
  

6. Conclusion

Registering a Private Limited Company might seem daunting, but with the right steps and preparation, it becomes a straightforward process. By understanding the requirements and following the necessary steps, you can establish a solid foundation for your business.

The Ultimate Guide to Registering a
Private Limited Company in India

Starting your own business is an exciting journey, and registering a Private Limited Company (PLC) is a great way to kickstart your venture. A PLC offers benefits like limited liability, separate legal identity, and ease of raising funds. Here's a step-by-step guide to help you through the registration process.

List of Documents Required for Private Limited Company

1. Passport Size Photo (All Director)
2. PAN & Aadhar card (All Director)
3. Latest Last 2 Month Bank Statement
4. Email id and Mobile No. (All Director)
5. Office Rent Agreement/ Light Bill/ Tax Bill
6. 2 Proposed Name of Company
7. Occupation and Education Details (All Director)
8. Duration of stay at present address (All Director)
9. Authorized & Paid Capital for Proposed Company
10. Place of Birth (All Director)
11. Contribution/Share of promoters
12. Company Object
13. Register Address of Company
14. Email id of Company