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TeamCSP can Help You Establish Your Private Limited Company Today!

TeamCSP is your reliable partner for registering your Private Limited Company. Our team of experienced professionals provides comprehensive assistance throughout the registration process, from preparing the necessary documents to filing them with the authorities. We ensure a hassle-free experience so you can focus on building your business. Let us help you establish your company today!

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An Overview

What is a Private Limited Company?

A Private Limited Company is a type of business structure where the liability of its shareholders is limited to their capital contributions. It is a separate legal entity from its owners and can conduct business, own assets, and sue or be sued in its own name. It is commonly used for small to medium-sized enterprises.

Explanation of Private Limited Company : Private Limited Company Registration is the process of legally establishing a Private Limited Company. This involves filing the necessary documents and obtaining the required approvals from the Registrar of Companies. The process typically includes selecting a suitable name for the company, drafting the company’s Memorandum of Association and Articles of Association, appointing directors and shareholders, and obtaining a Certificate of Incorporation. It is a crucial step for any entrepreneur or business owner looking to establish a business with limited liability. Private Limited Companies offer several benefits, including limited liability, separate legal entity status, and easier access to funding and capital.

Companies that are Registered as Private Limited Companies Have Many Benefits

Limited Liability: Shareholders’ liability is limited to the amount they have invested in the company, which means their personal assets are protected from the company’s debts and losses.

Separate Legal Entity: A Private Limited Company is considered a separate legal entity from its owners, which means it can conduct business, enter into contracts, own assets, and sue or be sued in its own name.

Access to Funding: Private Limited Companies can raise funds through the sale of shares to investors, making it easier to access capital for growth and expansion.

Credibility: A Private Limited Company is perceived as more credible and trustworthy than other business structures, making it easier to do business with customers, suppliers, and investors.

Tax Benefits: Private Limited Companies may be eligible for certain tax benefits, including lower tax rates and deductions for business expenses.

Continuity of Existence: A Private Limited Company has a perpetual existence, which means it continues to exist even if its shareholders or directors change.

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Required documents for registration

  • PAN card and Aadhaar card are mandatory for Indian nationals, while a passport copy is required for foreign nationals. Additionally, a recent utility bill or bank statement can be submitted as proof of address
  • MOA and AOA are legal documents that define the company’s objectives and the rules governing its operations
  • The proof of registered office address, such as rental agreement, sale deed, or property tax receipt, must be submitted.
  • Director Identification Number (DIN) and Digital Signature Certificate (DSC) of Directors are mandatory for all directors of the company.
  • If the proposed registered office of the company is a rented premise, a No Objection Certificate (NOC) must be obtained from the landlord.
  • A board resolution approving the incorporation of the company and authorizing a director to sign the incorporation documents is required.
  • The proposed directors must submit a declaration stating that they are not disqualified from being directors and have not been convicted of any offense.

With TeamCSP, registering your Private Limited Company is easy

Registering a Private Limited Company can be a daunting task for entrepreneurs and business owners, but with TeamCSP, the process is made easy and hassle-free.

Our team of experienced professionals provides comprehensive assistance throughout the registration process, from preparing the necessary documents to filing them with the authorities. We take care of all the legal formalities and ensure that the registration is completed smoothly and efficiently.

Our services include selecting a suitable name for the company, drafting the company’s Memorandum of Association and Articles of Association, appointing directors and shareholders, and obtaining a Certificate of Incorporation. We also provide guidance on compliance with regulatory requirements and ongoing legal formalities.

 

Registration of a private limited company: Steps to follow

Obtain Digital Signature Certificate (DSC): The first step in registering a Private Limited Company is to obtain a Digital Signature Certificate (DSC) for the proposed directors and shareholders of the company. A DSC is an electronic signature that is used to sign digital documents.

Obtain Director Identification Number (DIN): All proposed directors of the company must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). The DIN is a unique identification number that is assigned to each director.

Select a suitable name for the company: The next step is to select a suitable name for the company. The name should not be identical or similar to an existing company or trademark.

Prepare the Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA are legal documents that define the company’s objectives and the rules governing its operations.

File the incorporation documents with the Registrar of Companies (ROC): The next step is to file the incorporation documents, including the MOA, AOA, and other required documents, with the Registrar of Companies (ROC).

Obtain a Certificate of Incorporation: Once the ROC approves the incorporation documents, a Certificate of Incorporation is issued. This certificate confirms that the company is legally registered and can commence business operations.

Obtain necessary registrations: After obtaining the Certificate of Incorporation, the company may need to obtain other registrations, such as GST, PAN, and TAN, depending on the nature of the business.

 

Frequently Asked Questions

A Private Limited Company must have a minimum of two directors. However, a maximum of fifteen directors can be appointed.

There is no minimum share capital requirement for registering a Private Limited Company in India. The share capital can be as low as Rs. 1.

The registration of a Private Limited Company can be completed within 10-15 days, provided all the required documents are submitted and there are no objections or delays from the authorities.

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