How to start or register a private limited company in India, A Complete Guide to Private Limited Company Registration in India, Lawgical India

 

Becoming an entrepreneur is an aspiration in many Indians. Establishing the right kind of business structure is important in protecting the business, scalability as well as credibility. Of the types of a business structure, registration of a private limited company is the most preferred and it is the recommended company structure during the start up of businesses and when growing. Lawgical India offers professional services on pvt ltd company registration to make it quick and easy to start without breaking the rules.

What does Private Limited Company mean?

The business entity is a kind of sole proprietorship business registered under Companies Act, 2013. It has limited liability protection to its shareholders as well as it is regarded as a separate independent entity. This implies that the company is able to have assets, have debts, sue or be sued but the company is separate and distinct to its owners. It also bars the facility of transfer of shares and restricts the shareholders to 200.

It is the best way to register the business as a private limited company in case the business needs an external capital, a modality to grow, and a legal framework. The pvt ltd company registration has an organized structure and is transparent and this makes many venture capitalists and angel investors to invest in them.

What is the advanadvantage of going in for Private Limited Company Registration?

Entrepreneurs choose to have pvt ltd company registration due to the following reasons:

1. Limited Liability Protection-In case of monetary loss or legal responsibilities, the personal assets of shareholders are not jeopardized.

2. Separate Legal Identity: The company exists separately to its owners, and this is what enables it to embrace contracts, possessions and the ability to sue or to be sued.

3. Credibility- A private limited company form creates confidence to the investors, customers, and suppliers.

4. Simple change of hands-shares can be transferred to other shareholders with agreement of other shareholders so that there can be continuity of the business.
5. Availability of funding- startups in form of pvt ltd companies are able to find equity funds and loans acceessible to businesses more easily.

Important Documentations Needed in Order to Register Pvt Ltd Company

Here at Lawgical India, we make sure that every statutory regulation is completed so as to have a hassle-free and hustle free process of private limited company registration. The beginners requirements are:

• At least 2 Directors (one of them should be Indian resident)

·        At least 2 Shareholders

• India Registered Office Address

• Digital Signature Certificate (D SC)

·        Director Identification Number (DIN)

Needed Documents to Register Pvt Ltd Company

The following is a checklist of documentations needed in pvt ltd company registration:

PAN Card of directors

•aadhaar/passport/voter id

·        Passport sized photographs

• Tax bill (utilities or electricity or water) at registered office

• rental petition or NOC of the landowner

Process of a Private Limited Company registration.

Our professional team at Lawgical India takes you through the complete route of registering a company in case of a private one:

1 Digital Signature Certificate (DSC)

Get a DSC of each of the proposed directors.

2 Director Identification Number (DIN ):

DIN can be applied through SPICe+.

3 Name Reservation:

Select and book your company name on the portal of MCA.

4 Inquiry Form Westminster:

Submit the incorporation form together with MOA (Memorandum of Association) and AOA (Articles of Association).

5 PAN & TAN Application

You can also apply to PAN and TAN using the same incorporation form.

6 Incorporation Certificate:

Gain the certificate of incorporation and CIN (Corporate Identity Number).

The reasons as to why Lawgical India Pvt Ltd Company registration?

Lawgical India is a well recognized law firm which provides easy and inexpensive services in terms of private limited company registration. This is the reason hundreds of startups and entrepreneurs come to us:

• Online end to end process

• Reasonable rates without any concealment

• Advice of experts and preparing documents

• Fast delivery rates

• Follow up support in compliance despite registration

Our team at Lawgical India will ensure that the pvt ltd company registration is done without any inconvenience to you whether you are a blooming entrepreneur or a well experienced professional.

Post-Incorporation Compliance

After the private limited company registeration some compliances are to be made to appear legal. These include:

• Filing a company bank account

• Having a 30-day appointment with an auditor

• Spring annual returns and financial statements

• Statutory registers maintenance

• Holding board meetings when necessitated

You can rest assured that your company will always be legally compliant at all times because Lawgical India offers post-registration compliance packages as well.

Conclusion

It is the most intelligent thing that anyone should do when considering establishing a business with a potential to grow and which is a legally established business in the Indian state. When it is properly guided and help of professionals involved, the process becomes easy, fast and economical. Your pvt ltd company registration, we at Lawgical India are inviting an end-to-end assistance to the company with all the legal provisions to make your company a good business opener.

In case you are willing to start your entrepreneurial path, contact Lawgical India now. We will assist to register your dream company with trust and comfort.

Do you need free consultation on private limited company registration? Reach us today!

Get in touch by visiting our web site or calling us now.