Private Limited Company is one of the renowned legal structures for doing business in India. For Raising outside funding, private limited company registration is a best form available. The Liabilities of shareholders is limited to the extent of their shareholding and it enjoys perpetual existence. It is required to hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), Private limited company registration has more benefits when compared to an limited liability partnership(LLP), One Person Company (OPC), or ordinary Partnership firm.
private limited company registration is the most common business structure for startups.
Nowadays private limited company registration structure is highly preferred from startups & growing company, it helps them to collect funding or investment, limits the liabilities of its shareholder and push them to employee stock option to pull in top talent. Proworktree provides private limited company registration services across the India.
Our goal at Proworktree is to get your company registered in Effective, Efficient and Economical way. This form of organization should have at least two directors and shareholders to initialize the process of establishing a private limited company. Proworktree provides you most effective services for Company Registration.
There are other multiple reasons to choose private limited company registration:
1. DSC & DPIN application:
For private limited company registration, the first step is applying for Digital signature and DPIN. For filing Digital signature is required which has been done through online and DPIN refers to director’s PIN number issued by MCA. You skip this step if you already have DSC and DPIN.
As per current Company Name Reserve system is modified by RUN – Reserve Unique Name, the applicant can apply only one unique name as his proposed company name in electronic form on MCA portal after paying prescribed fees. the said fees is non refundable as well as there will no chances given to resubmit the same application without paying fees again. The name should be unique and suggestive of your private limited company business.
After approval of name, one needs to draft Memorandum of association (MOA) and Associate’s article. Along with MCA and subscription statement, MOA and AOA to be filled.
2-4 days required to file final forms for a private limited company registration and the issuance of incorporation certificate. It includes CIN number and it is the proof of that company has been created.
5. PAN, TAN and Bank account application:
Once PAN and TAN received there after you can submit the incorporation certificate, MOA, AOA, and PAN with a bank to open your bank current account.
Physical Presence is not mandatory due to electronic processing of registration.
Usually, it is done within 10 – 14 days from the date of submission of application. Subject to availability of required list of documents,proposed company name & department processing.
DSC Refers to Digital Signature Certificate, which is used to sign the documents digitally
For Pvt. Ltd. Company name, Just Ping us Will do that for you, without any cost
Directors – Minimum 2 Directors and Maximum 15 Directors.
Shareholders – Minimum 2 shareholders and Maximum 200 shareholders.
Article of Association & Memorandum of Association are the documents which exhibits the rules & policies, vision and mission of a company
For Private Limited Company Registration documents list Please refer below
Note: The registered office can be at residence, too.
|Business Form||Private Limited Company registration||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship|
|Best For||New Start-ups and developing Business||Service related professional firms||Individual promoter||Family Business||Small sole traders and manufacturers|
|Borrowing||Can Borrow easily by issuing shares||Borrowing is possible||Borrowing is possible||Hard to borrow||Hard to borrow|
|Tax Advantage||Moderate benifit||Highly benificial||Moderate benifits||Normal benifits||Normal benifits|