Private Limited Registration

Advantages & Benefits Of Private Limited Company

Limited Liability Protection to Directors personal assets: Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.

Better image and credibility in Market: Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.

Easy to raise funds and loans: Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.

Favorite Business structure for Investors: Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company.

Easy to attract Employees : For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well as motivate them with corporate designations and stock options.

Easy to Sell: Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.

Minimum Requirements For Pvt Company

Minimum 2 Shareholders
One of the Directors must be Indian Resident
DSC (Digital Signature Certificate) for 2 Promoters & 1 witness
Minimum 2 Directors
Minimum Authorised Share Capital 100,000 (INR One Lac)
The directors and shareholders can be same person
DIN (Director Identification Number) for all Directors

Requirements for Private Limited Company Registration in India

Private Limited Company Registration is comparatively fast (10-15 days varying state to state)
It’s easy to fetch funding in a private limited company by transferring of shares
A private limited company is easy to convert in a Public Limited company at any stage subject to fulfilment of eligibility criteria
Maintenance of Basic Compliances after registration of private limited company is comparatively simple
There exists no Bar on Turnover and Capital in a private limited company structure unlike in One Person Company (OPC)

What All You Get

DIN for 2 Directors
Customized Incorporation Master File
Bank Account Opening Document Support
Digital Signature Token for 2 Promoters
Incorporation Certificate
Company PAN Card
New Incorporation Kit
Company TAN/TDS Number

Documents Required for PVT Company Registration

Scanned Copy of PAN Card of directors
Scanned Copy of Passport size photograph of directors
Scanned copy of Aadhaar Card
Scanned Copy of Voter identity card /Driving License/ Passport of directors
Scanned Copy of Telephone Bill / Electricity Bill / Bank Statement of Directors as poof of address
Copy of Rent agreement (If rented property)
Electricity/ Water bill (Business Place)
Landlord NOC (Format will be provided)

CA Desk is a team of highly professional CA, CS, Lawyers who driving towards the integration of technology with traditional practices to cater to the need of MSMEs in the fast-moving and cost-effective world.

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