Apply Private Limited Company Registration | Simple Process

Introduction: A private limited company is a company defined in Section 2(68) of the Companies Act 2013, whose AOA article of association prevents the transfer of shares and prevents a massive number of public subscriptions. It is a business entity with private ownership, owned by non-governmental organizations, small shareholders or members of the company.

The Pvt Ltd Company Registration in India is governed by the Companies Act, 2013. In India, the record for 2020 has a total of 122 thousand private limited companies with a total capital authorization of over 2.2 trillion. The number of companies that were registered out of 122 private limited companies was 120 thousand.

As per the record, it reflects the importance of private limited company registration in India, which is extreme and can lead your company towards growth. Through Private Limited Company registration, you can access loans from banks or financial institutions.

Sub-topic: Benefits of Private Limited Company Registration

1. The major benefit provided during financial distress is limited liability, which guarantees the member not to pay more than the nominal value of the share held by the member.

2. You do not need a minimum amount of capital for online company registration. It means you can commence the company with an amount of Rs 1 lakh as the overall authorized share of capital.

3. The private limited company details are public, which builds the authenticity of the company. As you know, credibility allows customers to trust the company.

3 Types of Private Limited Companies

1. Company Limited by Shares

2. Company Limited by Guarantee

3. Unlimited Companies

If you are looking for details on 3 types of private limited companies, then check out this blog.

https://blogs.jrcompliance.com/posts/private-limited-company-registration-in-india

Document Required:

• Share a capital amount and ratio of shareholding.
• The owner of the premises has to submit the ownership and sale deed.
• In the case of rent, you need to submit the rent agreement along with a No objection certificate (NOC) from the property owner
• Directors Pan Card for identity proof
• Address proof of your registered office and in such cases, you are allowed to submit the electricity bill, telephone bill, etc.
• You have to submit the address proof of the directors by voter ID card, Driving license, passport, etc.
• You have to give details of the director’s occupation and shareholders.
• Affidavits are required for non-acceptance.
• Passport size of directors and shareholders.
• Subscriber sheet for MOM and AOA.
• If you are a foreign national, then you must submit proof of your nationality.

Private limited company registration process

• Go and check the availability of the company name
• You have to fill out the application for DSC, DIN, MOA &AOA.
• Obtain the company’s PAN &TAN
• A certificate for Incorporation will be issued.
• You need to open a company’s bank account.
• Lastly, submit the application form with the necessary documents.

(Notice: The situation varies depending on the activities a company is engaged in, you will need to acquire an EPR approval and DPCC approval.)

Conclusion: The article mentions the simple process of private limited company registration. Any company can register for it smoothly with the help of the JR Compliance service. The best consultant for private limited company registration in India. Take action today and reach out now.