Private Limited Company Registration is the most popular business registration in India. Private Limited is administered by the Ministry of corporate affairs and all the rule or regulations related to private limited is provided under Companies Act, 2013. To register a private limited minimum of 2 persons are required as a director and shareholder and a maximum of 15 directors and 200 shareholders can be added to the company during the tenure of the business. There is no minimum capital requirement to start a private limited company, a person can register a private limited with Rs. 5000/- as well but earlier this limit was Rs. 100,000/-. A private limited company has many features like separate legal entity, limited liability, perpetual succession, no maximum limit in the capital or turnover, can buy or sell property on its name including intellectual property like trademark and all. There is one basic requirement which all private limited has to do is the requirement of annual compliance within the prescribed limit to enjoy a good position in the market.
Documents Required for Private Limited Registration:
Shareholder or Director
- PAN card
- Passport Size photo
- Id Proof (Driving License/ Passport/ Voter Id card), any one of them
- Address Proof (Electricity bill/ Mobile bill/ Telephone bill/ Bank statement), anyone and it should be in the name of the person and not older than 2 months
Company Registered Office Address
- Ownership document of the property like sale deed, rent agreement, House tax receipt, etc.
- Utility bill (Electricity bill/ Mobile bill/ Telephone bill/ Gas bill), anyone and it should also not older than 2 months
- Non-objection certificate from the person whose name is mentioned in the bill regarding the use of the property.
Procedure to register Private Limited Company
- Name Approval: The name approval application shall be made first to start the company registration procedure. If the name is approved it is valid for 20 days and the final form shall be submitted within these 20 days, if it fails to do so then the validity of the name will get expired and a new application shall have to be filed again for the name reservation.
- DIN & DSC: All the persons who are going to be part of the company as a director or shareholder must have DSC before filing the final form because DSC shall be required to sign the form without it form cannot be filed. But now it is not necessary to have DIN because it is allotted by the registrar at the time of issuance of a certificate of incorporation, therefore now there is no need to file a separate application for DIN allotment to the directors of the company
- Drafting and Signing of Documents: After name approval, there are certain documents that are needed to be drafted and the same shall be signed by the directors of the company. All these documents shall contain the details of the directors like their name, address, PAN detail, contact details, and the information regarding the company as well.
- Submission of Final Form: After completion of all the above steps the only thing left is to fill the form and sign it and submit it to the registrar. The form needs to be filled with all the required details correctly and all the documents should be attached with the form and then it should be signed and submitted. If the registrar will be satisfied with the application then he will grant the certificate of incorporation along with the DIN of the directors and PAN, TAN of the company.
