Private Limited Company Registration
Private Limited Company Registration
Are you thinking of starting a new company in India? If so, you'll need to register your business with our government. This process can seem daunting, but we're here to help. This post will walk you through the basics of company registration in India. First, you'll need to choose a business structure. This will determine the legal framework for your company and how it will be taxed. Common business structures include sole proprietorships, partnerships, limited liability partnerships (LLPs), and Companies. Once you've chosen a business structure, you must obtain a business license or permit from your local government. This will allow you to operate your business legally.
Next, you'll need to register your company with the government. This will usually involve filing paperwork with your local business registry. In some cases, you may also need to register with national or regional-level organizations. Finally, you'll need to obtain any necessary licenses or permits to operate your business. This could include a license to sell certain products or services, or a permit to operate in a specific location. With all of this in mind, let's take a closer look at the specifics of company registration in India.
Relax don't worry. This is an online process. You just focus on your work and leave the legal intricacies to us.
- DSC (2 nos)
- Filing of SPICe+ Form
- Issue of Incorporation Certificate along with PAN and TAN
- Includes government fees and stamp duty for Authorised Capital up to Rs. 1 Lakh except for the states of Punjab, Madhya Pradesh, and Kerala
- Excludes foreign national / Body Corporate as director or business needing RBI/SEBI approval
- Assistance in Opening a Bank Account
- Purchase the plan
- Share the documents/details as requested by us.
- We shall prepare the documents as required & get signed by you.
- Prepare the form as applicable & file it.
- Name, Contact Number, and Email ID of all the Stakeholders.
- Directors Identification Number, if already.
- Self-attested PAN, Aadhar, and passport-size photos of all the Stakeholders.
- Apostilled Passport, Mobile Bill, and other KYC docs in case of NRI stakeholders.
- Latest Month Personal Bank statement of all the Stakeholders.
- Specimen Signatures of all Stakeholders.
- Few Proposed Business Names along with Objects.
- Latest Electricity Bill/Landline Bill of Registered Office.
- NOC from the owner of the registered office, If Owned. (Download Template)
- Rent Agreement from Landlord, If Rented/Leased. (Download Template)
- Brief description of the main business activities of the proposed Company.
- Shareholding pattern (50:50 or 60:40) between the Stakeholders.
- Authorized and paid Up Share Capital of the Company.
It usually takes 7 to 10 working days.
Minimum Requirement for Private Limited Company Registration
- A minimum number of two Directors who are adults are required for Private Limited Company Registration.
- One of the Directors of a Private Limited Company has to be an Indian Citizen and an Indian Resident.
- The other Director(s) can be a Foreign National for Private Limited Company Registration.
- It is also required to have two Shareholders of a company for Private Limited Company Registration.
- The Shareholders can be natural persons or an artificial legal entity for Private Limited Company Registration.
Additional Licensing and Compliance
Depending on your industry and business activities, you may need further licenses or registrations, such as environmental clearances, FSSAI (food safety), or industry-specific permits. Staying informed about sector-specific requirements and ensuring compliance is vital.
Guidelines for Choosing Company Name
1. Make sure the name is unique and not already in use by another company.
2. The name should be reflective of the company’s business.
3. Avoid names that are too generic or too specific.
4. Keep it simple and easy to pronounce.
5. Make sure the name is available as a .com domain.
6. Avoid using initials or abbreviations in the name.
7. Conduct a trademark search to make sure the name is not already trademarked.
8. Get creative! A unique name will help your company stand out from the crowd.
Choosing a company name in India can be a bit of a challenge, but it’s worth taking the time to get it right. By following these tips, you can ensure that your company name is both unique and reflective of your business.
Private Limited Company Registration Process
Private Limited Company Registration in India is complete an online process. Recently the Ministry of Corporate Affairs has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Private Limited Company Registration is even easier now.
Now you can complete the Private Limited Company Registration, with a single application for Name Reservation, Incorporation, DIN Allotment, Mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and Opening of Bank Account.
SPICe+ is divided into two parts as follows:
1. Part A: Apply for the Name Reservation of the company in Part A of the form Spice+. It can be used for taking the name approval of the proposed Company and also for filing Company Registration in one go.
2. Part B: In Part B of the Form Spice+, apply for the following services:
- Incorporation
- DIN (Director’s Identification Number) allotment
- Mandatory issue of PAN
- Mandatory issue of TAN
- Mandatory issue of EPFO registration
- Mandatory issue of ESIC registration
- Mandatory issue of Profession Tax Registration(Maharashtra)
- Mandatory Opening of Bank Account for the Company and
- Allotment of GSTIN (if so applied for)