How to Register a Private Limited Company in India?

Today, the entire private limited company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and is processed at the Central Registration Centre (CRC). https://www.registerkaro.in/private-limited-company-registration Private Limited Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself. Incorporating a private limited company is a systematic process of collection and submission of details required as per the requirements of the Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same Why register a private limited company? Shields from personal liability and protects from other risks and losses. Offers liability protection to protect your company’s assets Attracts more customers Greater capital contribution and greater stability Procures bank credits and good investment from reliable investors with ease. Increases the potential to grow big and expand BENEFITS OF INCORPORATING A COMPANY No personal liability to the owner of the company Improves credibility Easier to raise funds and loans from bank Increase the potential to grow big and expand What to keep in mind while Registering? Two Directors Unique Name A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the business, at least one must be a resident of India The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India. The proposed name and trademark can be checked at https://www.mca.gov.in/mcafoportal/showCheckCompanyName.do Minimum Capital Contribution Registered Office There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh. The registered office of a private limited company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord. What Documents will you need? The below mentioned documents will be required for each Director/Shareholder: Identity And Address Proof · Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs) · Scanned copy of Voter’s ID/Passport/Driver’s License · Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill · Scanned passport-sized photograph specimen signature (blank document with signature [directors only]) Registered Office Proof For online private limited company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.​ · Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill · Scanned copy of Notarized rental agreement in English · Scanned copy of No-objection certificate from the property owner · Scanned copy of sale deed/property deed in English (in case of owned property) ​​ Note: Your registered office need not be a commercial space; it can be your residence too.