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Proprietorship Registration - Startup with TaxTrims
Proprietorship

Private Limited Company

Private Limited Company

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Online Company Registration in India - An Overview

Setting up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.

Benefits of Company Registration

Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:

• Shield from personal liability and protects from other risks and losses

• Attract more customers

• Procure bank credits and good investment from reliable investors with ease

• Offers liability protection to protect your company’s assets

• Greater capital contribution and greater stability

• Increases the potential to grow big and expand

Benefits of Company Registration

Checklist for Registering a Company in India

As defined by the Companies Act 2013, we must guarantee that the checklist requirements are met..

  • 1

    Two Directors:

    A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company's directors must be a resident of India.

  • 2

    Unique Name

    The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.

  • 3

    Minimum Capital Contribution:

    There is no minimum capital amount for a company. A company should have an authorized capital of at least ₹1 lakh.

  • 4

    Registered Office:

    The registered office of a 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.

How to Register a Company Online - the Registration Process

Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves much compliance. However, you needn’t worry as long as you have Tax Trims as our professionals can help you with every step of the private limited company registration process.

  • Step 1

    Obtain DSC

  • Step 2

    Apply for the DIN

  • Step 3

    Application for the name availability

  • Step 4

    Submission of MoA and AoA to register a private limited company

  • Step 5

    Apply for the PAN and TAN of the company

  • Step 6

    RoC issues a certificate of incorporation with a PAN and TAN

Documents Required for Online Company Registration

In India, private limited company registration cannot be done without proper identity and address proof. Listed below are the documents accepted by the MCA for the online company registration process:

# Identity and Address Proof

• Scanned copy of PAN card or passport (foreign nationals & NRIs)

• Scanned copy of voter ID/passport/driving 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

• 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.