Company Registration

DOCUMENTS REQUIRED

Pan Card
Passport (Foreign Nationals Only)
Voters Identity Card
Ration Card
Driving License
Electricity Bill
Telephone Bill
Aadhar Card
Bank Statement
Passport Size Photo
Recent Utility Bill
Business Place

A Private Limited Company requires a minimum of 2 Directors and 2 Shareholders with one of the Directors being an Indian Resident and Indian Citizen. As a company is a separate legal entity, the company’s members (shareholders or directors) are not personally liable for the company’s liability. A company has ‘perpetual succession,’ which means it will continue to exist until it is legally dissolved. Because a company is a separate legal entity, it is unaffected by the death or other departure of any of its members, and it continues to exist regardless of membership changes.

Advantages of Private Limited Company

Separate Legal Entity

A company is both a legal entity and a juristic person. Therefore, a company has broad legal rights like acquiring property, incurring debts, hiring people, etc.

Limited Liability

A private limited company is a separate legal entity with limited liability provisions.

Fund Raising

A Private Limited Company has multiple options for fundraising. A company can raise funds from shareholders, investors, angels, venture capital funds, private equity funds, foreign funds, NBFCs, banks, and other financial institutions. Only a company can raise debt and equity funds from investors.

Perpetual Succession

Since the company is a separate entity on its own, it is not affected by the death or other departure of any member and therefore there is more business continuity irrespective of the changes in ownership.

Credit Worthiness

Higher Credit worthiness due to stringent compliances and mandatory requirement with the Registrar of Companies. Therefore banks are more than happy to offer loans etc.

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Contact

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Process

1. Digital Signature Certificate (DSC)

Our team shall obtain Digital signatures by filing the forms on the MCA portal. DSC is mandatory for all the proposed directors and the subscribers of the Memorandum of Association (MoA) and Articles of Association (AoA).

2. Director Identification Number (DIN)

The Director Identification Number (DIN) is an identification number for a director and it has to be obtained by anyone who wants to be a director in a company. Our team shall obtain DIN while filing the SPICe+ form, i.e. company registration form.

3. Registration on the MCA Portal

Our team shall fill out the SPICe+ form and submit documents and register the director of the company in the MCA portal. Our team shall conduct a name run for the respective name provided by you to our In case the SPICe+ form gets rejected due to non-approval of the company name, we shall have to re-file another SPICe+ form for the reservation of a new name by paying the prescribed fee again.

4. Certificate of Incorporation

The Registrar of Companies after verification shall issue the Certificate of Incorporation of the Company.

Difference between Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company and One Person Company

Features	Proprietorship	Partnership	LLP	Company	OPC
Number of Person	One person	Two or more	Two or more	Two or more	One person and one nominee
Designation	Proprietor	Partner	Designated Partner	Director	Director
Name	As it is	As it is	Ends with LLP	Ends with Private Limited	Ends with OPC Private Limited
Registration	Shops and Establishment	Registrar of Firms	Registrar of Companies	Registrar of Companies	Registrar of Companies
Capital	No Minimum	No Minimum	No Minimum	No Minimum	No Minimum
Legal Status	Not a Separate Entity	Not a Separate Entity	Separate Entity	Separate Entity	Separate Entity
Liability	Unlimited	Unlimited	Limited	Limited	Limited
Audit	If turnover above 1 crore	If turnover above 1 crore	If contribution above 25 lakhs or turnover above 40 lakhs	Compulsory	Compulsory
Compliance	Least	More than proprietorship	More than partnership, less than company	Most	Less than Company
Filing of resolution	No	No	No	Yes	Yes
Taxability	Less	Less	30%+surcharge +cess Distribution of profits not taxed	30%+surcharge +cess Distribution of profits taxed	Comparatively More
Meetings	Not mandatory	Not mandatory	Not mandatory	Mandatory	Mandatory
Credibility	Less	Less	More than Partnership less than company	High	High
Dissolution	Easy	Easy	Less complex than company	Complex	Complex
Governance	Not by any law as not a separate entity	Partnership Act, 1932	LLP Act, 2008	Companies Act, 2013	Companies Act, 2013
Agency	No	Partners agent of each other	Partners not agent of each other	Members not agent of each other	Members not agent of each other
Property	Belongs to the Proprietor	Belongs to its partners jointly	Separate from its partners	Separate from its members	Separate from its members
Transfer of Share	Not possible	Not possible	Possible	Possible	Possible
Number of Members	One	2 to 20 2 to 10 (Banks)	Min- 2 No Maximum	Min- 2 Max- 200	One
Duration	Till death or insolvency or retirement of proprietor	Till death or insolvency or retirement of partner	Perpetual Succession	Perpetual Succession	Perpetual Succession