When it comes to beginning a business in India, forming a private limited company is one of the strategies that comes highly recommended. The shareholders of a business structured this this have limited liability, but the company’s ownership may only be exercised subject to specified constraints. Partners own and run a limited liability partnership (LLP), which has partners. Alternatively, in Private Limited Company Registration, shareholders and directors are not need to be the same people.
Your reliable legal counselor, offers a service in India that facilitates the registration of businesses at an affordable price. You’ll find information on how to register your company in this section. We are responsible for attending to all of the necessary legal procedures and ensuring that all compliances are met, as outlined by the Ministry of Corporate Affairs. After the acceptance of the procedure for registering your business, you will be given a Certificate of Incorporation (CoI), in addition to your PAN and TAN numbers. You are now able to begin your company activities, which includes opening a current bank account.
Gains to Be Obtained by Registering a Company
There are several positive outcomes that may result from registering a corporation. Having a corporation that is officially register lends more credibility to your business. It is beneficial to your company because:
- Absolves one of personal accountability and offers protection against several additional dangers and damages.
- Get more people to become your customers.
- Obtain bank credits and profitable investments from reputable investors in a straightforward manner.
- Provides liability protection in order to safeguard the assets of your firm.
- A bigger commitment of capital, as well as a greater degree of stability.
- Increases the likelihood of reaching a large size and spreading out.
Detailed Checklist for the Company Registration Process in India
According to the Companies Act of 2013, we are obligate to ensure that all of the conditions on the checklist are.
There are two Directors:
In a private limited corporation, the number of directors must be between two and fifteen, with the minimum number being two. It is require that at least one of the company’s directors resides in the territory of India.
Your company really has to have a distinctive name. It is important to ensure that the proposed name does not duplicate any existing businesses or trademarks in India.
Minimum Capital Contribution:
There is no fixed minimum requirement for the amount of capital a corporation must have. In India, the minimum amount of allowed capital for a firm is one lakh rupees.
Office of Registration:
It is not necessary for a company’s register office to be locate in a commercial building. Even a house that is lease may serve as the register office, provide that the tenant obtains permission from the landlord.
The Step-by-Step Guide to Online Company Registration Including the Registration Process
Startups in India may profit from registering their companies in order to get a competitive edge over rival businesses that have not done so. The procedure of establishing your business may be difficult and requires compliance with a number of regulations. However, as long as you have by your side, you won’t need to stress about the process of registering a private limited company since our experts will be there to assist you every step of the way.
1: Obtain DSC
2: Fill out an application for the DIN.
3: Fill out an application to check the availability of the name
4: Providing a Memorandum of Association and Articles of Association in Order to Register a Private Limited Company
5. Submit an application for the company’s PAN and TAN numbers
6. The Registrar of Companies then provides a certificate of incorporation together with a PAN and a TAN.
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