About Private Limited Company
The professionals at GST TAX Experts Team knows all the registration processes and has served more 5,000 entrepreneurs is a trustworthy company on which you can trust and get certified in a less amount of time. We have upgraded our service mechanism and do all the processes efficiently that would not give you a problem legally and help you to scale your business securely without any obstruction.
If you are willing to commence a company in India then Private limited company registration is the most suitable form of online company registration in India for you. Private Limited Company Registration in India is a quick and easy online company registration process with fewer formalities. Every start-up or developing business favours online company registration as it offers multiple benefits like legal certification, easy fund raising, restricts the liability of its shareholders and much more. Private limited company registration is governed by Company Act, 2013 along with Companies Incorporation Rules 2014. Apply online company registration at GST TAX Experts Team as we will not only provide you the registration of PVT LTD company in India, But also we will completely guide you through the Meaning of Company Registration, Requirements of Company Registration, Online Company Registration Process, Documents required for Pvt. ltd company, Benefits of Choosing a private limited company and much more.
ELIGIBILITIES AND REQUIREMENTS FOR STARTING A PRIVATE LIMITED COMPANY:-
- The Private Limited company should have a unique trademark and a unique name that is different from the other companies.
- Offensive names should be avoided to name a Private Limited Company.
- If you have a unique name for your Private Limited Company then the registration of the company can be quickly and easily persisted.
- For the initiation of the Private Limited Company, the investment should be a minimum of Rs 1 Lakh.
- The Digital Signature is a must for the members of the Private Limited Company as it becomes easier to register for Private Limited Company.
- The minimum two directors should exist in the Private Limited Company.
- Also, the minimum of two shareholders is mandatory for the Private Limited Company.
Characteristics of Private Limited Company
- The corporate tax should be paid by the Private Limited Company.
- If the owner dies or gets changed, In this case, the company does not stop and continues its business and has never-ending existence
- The accommodation of a private limited company is simple and easy.
- The suffix “pvt.ltd” should be used by the company after their company names as it represents that it is a Private Limited Company.
- At a time, The number of 200 members should work in the Private Limited Company.
DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY REGISTRATION
- Identity Proof of Directors like Aadhar Card Driving License Election card
- Address Proof of Business like Electricity Bill, Rent Agreement
- Passport size Photograph
- PAN Card
Certificate of Incorporation of a Private Limited Company
The Certificate of Incorporation is an official document issued by the Registrar of Companies (RoC) upon the successful registration of a private limited company in India. It signifies the legal existence of the company as a separate legal entity.
The Certificate of Incorporation typically includes the following information:
1.Company Name: The registered name of the private limited company.
2.Company Identification Number (CIN): A unique identification number assigned to the company by the RoC.
3.Date of Incorporation: The date on which the company was officially registered.
4.Registered Office Address: The address of the registered office of the company.
5.Authorized Capital: The maximum amount of share capital that the company is authorized to issue.
6.Directors’ Details: Names and addresses of the directors appointed at the time of incorporation.
The Certificate of Incorporation serves as proof of the company’s legal existence and is often required for various business transactions, such as opening a bank account, entering into contracts, or applying for licenses and permits.
Importance of Company Registration Certificate
A Company Registration Certificate serves as a crucial document for various reasons:
1.Legal Proof of Identity and Existence: The certificate proves the company’s identity and existence as a separate legal entity. It includes a unique Corporate Identification Number (CIN) issued by the Ministry of Corporate Affairs (MCA), acting as the company’s distinctive identifier.
2.Authorization to Commence Activities: The certificate confirms that the company has successfully registered with the Registrar of Companies (RoC), enabling it to initiate operations in accordance with the conditions specified in the Memorandum of Association (MOA).
Consequences of Misleading Information
It is essential to understand the implications of providing inaccurate information during registration, as stated in Section 7(7) of the Companies Act of 2013.
The Tribunal may take the following actions:
a) Order Management Regulation: The Tribunal can issue orders to regulate the company’s management, including potential modifications to the MOA.
b) Release of Members’ Responsibilities: The company may be directed to release all members from their responsibilities.
c) Cancellation of Registration: The company’s name may be withdrawn from the RoC, resulting in the cancellation of the registration certificate.
d) Dissolution Order: In extreme cases, the Tribunal can issue an order for the company’s dissolution.
Rights and Benefits
Possessing a Company Registration Certificate grants you various rights and benefits provided by your company’s legal structure. These include tax breaks, perpetual existence, and other advantages.
Additional Reasons for the Importance of the Certificate
The Company Registration Certificate is also necessary for the following purposes:
1.Business Bank Account: It enables the company to open a dedicated business bank account for financial transactions.
2.Share Distribution: The certificate allows the company to issue and distribute shares to investors or shareholders.
3.Business Loan: To secure a loan for the business, the certificate serves as crucial documentation required by lenders.
4.Business Sale: In the case of selling the company to a third party, the certificate is essential for a smooth and legal transfer of ownership.
Ensure Compliance and Reap the Benefits
Obtaining a Company Registration Certificate ensures legal compliance, grants access to financial services, and paves the way for various business opportunities. Trust Vakilsearch to assist you throughout the registration process and provide expert guidance to help you leverage the advantages of a valid certificate.
The Glossary
Amendment
An addition to, deletion from, or a change of existing provisions of the articles of incorporation of a domestic corporation.
Board of Directors
The governing body of a corporation who is elected by shareholders. The directors are responsible for selecting the officers and the supervision and general control of the corporation.
Certificate of Incorporation
The title of the document filed in many states to create a corporation. Also known as the articles of incorporation.
DSC
The DSC (Digital Signature Certificate) is an instrument issued by certifying authorities by which you can sign electronic documents. As all documents needed are electronic.
DIN
Director Identification Number
Dissolution
The statutory procedure that terminates the existence of a domestic corporation.
Incorporation
The act of creating or organizing a corporation under the laws of a specific jurisdiction.
Limited Liability Company (LLC)
An artificial entity created under and governed by the laws of the jurisdiction in which it was formed. Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships.
Limited Personal Liability
The protection generally afforded a corporate shareholder, limited partner or a member of a limited liability company from the debts of and claims against the company.
Name Reservation
A procedure that allows a company to obtain exclusive use of a corporate name for a specified period of time.
Registered Office
The statutory address of a corporation. In states requiring the appointment of a registered agent, it is usually the address of the registered agent