Can I register a Pvt Ltd Company in India?
In India, the most frequent type of business entity is a Private Limited Company Registration. Also, the Private Company Registration is simple to operate and raise funds, provides minimal liability to its members, flexibility, and quick access to bank loans. The process of Company incorporation is a little complicated.
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Steps: How can I register a private limited company?
Ensure a smooth start to your business with no legal hassles in Company incorporation online in just four steps.
Step 1: Obtain a Certificate of Digital Signature
The first step in Private Limited Company Registration is to get the DSC of partners in private companies. The need for DSC originates from the Ministry’s demand for filling out e-forms on the MCA’s online portal since the Ministry has mandated an online Company registration method for Company incorporation and other applications. The Certifying Authority issues DSCs in the form of certificates that are valid for one or two years.
Step 2: Get DIN Number
For any type of Company Registration DIN Number mandatory. It is a one-of-a-kind number assigned by the MCA to the person who applies for a DIN number. Unless it is surrendered or withdrawn, the Ministry assigns the number for life. During the Company incorporation of a Private Ltd Company, the business’s directors must obtain and notify the DIN. As a result, getting a DIN is required before being nominated as a Director in any company.
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Step 3: Reservation of Name for Private Limited Company Registration and Approval
The application for the name reservation for the private limited company must be submitted in e-Form INC – 1 along with the required costs. A Private Limited Company’s partners must submit three distinct options for the corporation’s name to the Ministry of Corporate Affairs (MCA), from which one will be chosen. In addition, the names offered should preferably be unique and suggestive of a corporation’s business. Every Company incorporation in India is under the Companies Act, 2013 must include a suffix that identifies the type of business. For a corporation that is registered as a Private Limited Company Limited (Ltd), Private Limited (Pvt Ltd) is a suffix in the company name.
Step 4: Certificate of Incorporation
Once the form is submitted for name approval in Private Limited Company Registration of the application for issuance of Certificate of Incorporation is processed. After the online submissions of the forms like spice+ and documents submitted with the verification, the ROC will issue the Company Registration to you.
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What are the documents required for Pvt Ltd Company?
- ID proof: Aadhaar Card, Passport, Driving License, or Voter ID
- Proof of Address Telephone Bill, Electricity Bill / Water Bill or Bank Passbook with the latest transaction
- Notarized rental agreement
- NOC from the property owner
- Two Passport size photos of directors & shareholders.
How much does it cost to register a Pvt Ltd company?
Depending on the number of directors, members, authorized share capital, and professional expenses, the cost of Incorporation and Private Limited Company Registration can range from Rs.6, 000 to INR 30,000. The cost of a professional may be determined by the task’s complexity.
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