Private Limited Company Registration
Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India.
A private limited company can have a minimum of two members and a maximum of fifty members.
The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).
The private limited company registration process is very important, as it provides authenticity to your proposed business structure. Though you need to make sure that you have all the required “Private limited company registration documents”.
The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India.
Private Limited Company Registration Benefits
A large number of benefits, when you go for Private Limited Company Registration in India, are as follows:
Protection Of Personal Assets of The Partners:
In the case of a Private Limited Company’s shareholders, they tend to have limited liability.
So if you are a shareholder, then you will be considered liable to pay the liability of the company. But only to the limit of your contribution in the company.
Valubiz experts in company registration experts can help you in better understanding the “Private limited company registration process in India”.
A Private Limited Company is Separate Legal Entity in the Eyes Of The Law:
In other words, the partners/owners of a PLC, are a completely different entity according to the Indian constitution.
So indirectly a company will be upheld for efficient management of it’s debtors and creditors, assets and liabilities.
You Can Raise Capital Easily:
A private limited company, which is registered in India, must meet a certain number of compliance requirements.
This form of company structure is largely preferred by entrepreneurs.
Because it helps them to raise the necessary funds via equity. It also allows them to expand and limits their personal liability.
It Comes With The Benefit Of Continuous Existence:
It has the most important benefit, which is known as “Perpetual Succession”.
It means that it’s existence will be continuous until it is legally dissolved.
Due to it being a separate legal entity, it remains unaffected by the departure or death of any member.
Even though there may be a change in existence, it will continue it’s existence.
You will receive a “Private limited company registration certificate”, upon completion of the process.
Documents Required for registration of Private Limited Company
Passport size photographs of the directors
Copy of Aadhar Card
Copy of Driving License or Voter ID
Copy of PAN Card
Copy of bank statement or utility bill (not older than two months)
Copy of Passport (in case of foreign national or NRI)
No Objection Certificate (NOC) from the owner of the property
Documents Required for registration of Private Limited Company
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the owner of the registered office premises.