What is a Private Limited Company?

Aprivate limited company registration is a business structure that combines the advantages of limited liability and the flexibility of a private company. It is governed by the Companies Act, 2013, and has a separate legal existence from its owners. The liability of the shareholders is limited to the extent of their shareholdings, protecting their personal assets in case of any financial liabilities. Registering your business as a private limited company in India offers numerous advantages, including limited liability, credibility, and easier access to funding. By following the step-by-step process outlined in this comprehensive guide, you can establish your private limited company with confidence and embark on a successful entrepreneurial journey with Regalwhiz. Remember to comply with post-registration requirements and seek professional advice to ensure ongoing legal and regulatory compliance. Start building your private limited company today and unlock a world of opportunities for your business.

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Advantages of
Private Limited Company Registrations


Limited Liability: Shareholders’ personal assets are safeguarded in case of company debts or legal issues.
Credibility and Trust: Private limited companies are perceived as more trustworthy by suppliers, customers, and financial institutions.
Fundraising Opportunities: Easier access to capital through loans, investments, and venture capitalists.
Perpetual Succession: The company continues to exist even if the director or shareholder changes.
Tax Benefits: Private limited companies enjoy certain tax benefits and exemptions.
Separation of Ownership and Management: Shareholders can appoint directors to manage day-to-day operations while focusing on strategic decision-making.




Documents Required for
Private Limited Company registration:


Copy of PAN Card of directors

Electricity/ Water bill (Business Place)

Passport size photograph of directors

Copy of Rent agreement (If rented property)

Copy of Aadhaar Card/ Voter identity card of directors

Landlord NOC (Format will be provided)




Post Registration
- Compliance requirements

After registration, ensure compliance with various legal and regulatory obligations such as annual filings, board meetings, financial statements, and tax returns. Its advisable to seek professional guidance to fulfill these compliance requirements




Private Limited
Company Registration Process


OBTAIN DSC

Directors need to obtain a Digital Signature Certificate, which serves as an electronic signature for filing documents with the MCA.

APPLY FOR NAME APPROVAL

Choose a unique and relevant name for your company and apply for name approval through the RUN (Reserve Unique Name) service provided by the MCA.

DRAFT AND FILE THE INCORPORATION DOCUMENTS

Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) that outline the company's objectives, rules, and regulations. File these documents, along with other required forms, with the MCA


PAY THE REGISTRATION FEE

Pay the prescribed registration fee based on the authorized capital of the company

OBTAIN CERTIFICATE OF INCORPORATION

Choose a unique and relevant name for your company and apply for name approval through the RUN (Reserve Unique Name) service provided by the MCA.

OBTAIN PERMANENT ACCOUNT NUMBER (PAN) AND TAX DEDUCTION ACCOUNT NUMBER (TAN)

Apply for PAN and TAN with the Income Tax Department to fulfill taxation requirements.

Why Choose Private Limited
Company Registration for Your Business?


Limited liability protection for shareholders.
Enhances credibility and trust among stakeholders.
Simplifies fundraising and expansion opportunities.
Separate legal entity distinct from its owners.
Attracts talent with employee stock options and ESOPs.
Potential tax benefits and exemptions.




Frequently Asked Questions


Minimum Capital Requirement: The Companies Act, 2013 erased the idea of minimum capital requirement for Private Limited Company Registration, allowing firms to be established with any amount of capital.

Foreign National Directors: Yes, a foreign person may be a director of a Private Limited Company, subject to at least one Indian resident director on the board.

Registration Time: Registering a Private Limited Company usually takes between 7 to 15 days, based on the speed of paperwork preparation and filing.

Registration Time: Registering a Private Limited Company usually takes between 7 to 15 days, based on the speed of paperwork preparation and filing.

Compliance Requirements: Private Limited Companies must stick to several compliance requirements under the Companies Act, 2013, including having yearly general meetings, filing annual reports, hiring accountants, and more.

Physical Office Requirement: It is needed for a Private Limited Company to have a listed office address in India, which might be a private property.

Advantages of Private Limited Company: Benefits include limited liability protection, ease of getting capital via shares, constant succession, reliability, and agreement with regulatory norms.