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PRIVATE LIMITED COMPANY REGISTRATION

What is Private limited company registration ?

Company Registration In Gurgoan is the one of form of business registration. A Private limited company is formed with two members at the beginning. So minimum two persons are required to register a company. This registration is right entity structure to the organization. Private Limited Company Registration is processed to acquire ownership of the company.

A Private Limited Company is a type of Privately held small business entity. Its ownership limits to the shares held by the shareholders. Startups Prefer Private Limited company registration as it allow Funding to be raised easily. Company registration can be done through Registrationkart. It has Limited Liability , increases borrowing capacity , separate legal entity and many more features. ESOP options can be provided to good staff/employees

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Requirement/Eligibility of Private Limited Company Registration

Company Registration is not processed without resolution. It allows owners to choose the best person for their company. Only 2 members to begin company at present to undergo the registration. An authorized company is only able to increase the capital amount. In addition, it based on the specific key of a word to the name of the company(which define the activity of the company). It is minimum capital owners to increase the value of a business. The amount will be offered by lenders quickly if complete registration process. All new business owners must comes under eligible condition according to the requirements. Register a company process offers the peaceful way to operate your business effectively:

  • Minimum 2 Shareholders
  • Minimum 2 Directors where directors and shareholders can be same
  • Minimum Authorized Share Capital shall be Rs. 100,000
  • Director Identification Number(DIN) for all the Directors
  • Digital Signature Certificate(DSC) for one of the Directors
  • Unique Names
  • No Minimum Capital Required as Per New Companies Act
  • Registrationkart will help in doing this work of company registration in Gurgoan
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Special privileges of a Private Limited company registration Over Public Limited Company Registration

Company Unlike a private a public company is subject to a number of regulations and restrictions as per the requirements of Companies Act, 1956. It is done to safeguard the interests of investors/shareholders of the public company. These privileges can be studied as follows:

  • A private company may be formed with only two persons as member.
  • It may commence allotment of shares even before the minimum subscription is subscribed for or paid.
  • It is not required to either issue a prospectus to the public of file statement in lieu of a prospectus
  • Restrictions imposed on public companies regarding further issue of capital do not apply on private companies
  • It need not keep an index of members
  • It can commence its business after obtaining a certificate of incorporation.
  • A certificate of commencement of business is not required.
  • It need not hold statutory meeting or file a statutory report
  • Unless the articles provide for a larger number, only two persons personally present shall form the quorum in case of a private company, while at least five member personally present form the quorum in case of a public company
  • A director is not required to file consent to act as such with the Registrar. Similarly, the provisions of the Act regarding undertaking to take up qualification shares and pay for them are not applicable to directors of a private companies
  • It need not have more than two directors, while a public company must have at least three directors
  • Privileges available to an independent private company (i.e. one which is not a subsidiary of a public company)
Benefits of Private Limited Company Registrations

There are Various Benefits of Private Limited Company Registration such as Limited Liability, Perpetual Succession, Easy Transferability, Easy to Make, Dual Relationship , Increased borrowing Capacity, First Preference for Startups (Startup Registration)as it helps in Funding, ESOP etc. Registering a Private Limited Company also helps in Marketing as Client is Visible on MCA Site.

Limited Liability

Liability of each member or shareholder of a private limited company is limited that means in case of any lose to company Personal assets of the members are not not lliable to the loss. So the personal property of the shareholder is not at risk.

Perpetual Succession

Company is a separate legal entity and a juristic person. Its identity is separate from its owners. Company keeps on going whether its owners changes due to death, insolvency or any other reason. As it is independent legal entity, means it is able to sue or own assets own company name.

Easy Transferability

Shares can be easily transferable from one person to another, So ownership can be transfer through sale or transfer of shares.

Easy To Make

It is very easy to make with less legal fees. Now a days company registrations is a easy process.It is now very fast process.

Dual relationship

This form of organisation helps to have contract with any of its members.At the same time a member can be Shareholder, director, employee, creditor of the company.

Increased Borrowing Capacity

Start a company is better it helps in better borrowing capacity as compared to other forms. Banking institutions prefer to lend funds to private as compared to other form of business.

Characteristics or Features of a Private Limited Company registration

The main features of a private of a private company are as follows:

  • Register a private company restricts the right of transfer of its shares. The shares of a private company are not as freely transferable as those of public companies. The articles generally state that whenever a shareholder of a Private Company wants to transfer his shares, he must first offer them to the existing members of the existing members of the company. The price of the shares is determined by the directors. It is done so as to preserve the family nature of the company's shareholders.
  • It limits the number of its members to fifty excluding members who are employees or ex-employees who were and continue to be the member. Where two or more persons hold share jointly they are treated as a single member. The minimum number of members to form a private company is two.
  • A private company cannot invite the public to subscribe for its capital or shares of debentures. It has to make its own private arrangement.

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Best Registration Forms For Startups:- HelpFul in Startup registration

A startup is a recently established business, generally small, launched by single or more than two individuals. It is significant to know that the startup provides a new service or product which is not given any other place in a similar path. The keyword is an innovation. A business either creates a new service or product or redevelops their current service or product into something superior.

If you want to start company, you need to register your startup. There are many ways initiatives available, so you can choose the right one to get more recognition. START UP REGISTRATION is an essential process that helps you to get numerous benefits. The government of Gurgoan comes with a new initiative to encourage many NEW BUSINESS IDEAS. It is useful to know steps involved in START UP REGISTRATION which are given below.
Steps for Startup Registration
1. Incorporate the business

Initially, you must incorporate the business as a Private limited company Registration or limited liability partnership, Partnership Firm. In this step, you can follow the common procedures for START UP REGISTRATION like getting a certificate of partnership/incorporation registration, PAN, etc.

2. Register by using Startup Gurgoan

After that, you must register your business as the startup. This entire process is easy and online. If you want to do the task, you can just log on to the website of Startup Gurgoan. Here, you can fill the form by using your business details and upload few documents.

3. Required documents for Company Registration / LLP registration

You need to upload three different types of documents in the PDF format. It is essential to start a company. It includes:

  • A support/recommendation letter
  • A recommendation letter must be sent along with your registration form
  • Registration/Incorporation Certificate
  • You require uploading the incorporation certification of your LLP / company
  • Business description in brief

A clear description of an innovative nature of business services or products

4. Answer if you like to get tax benefits

In fact, start-ups are always exempted from the income tax process for three years. It is common for all start-ups that follow NEW BUSINESS IDEAS. If you want to avail the tax benefits, you must be successfully certified by the IMB. If the startup of your business is recognized by the DIPP, the Gurgoann government can directly avail the IPR related advantages without any extra certification from the IMB platform.

5. Self-certify the startup meet the below conditions

You can ensure that the new company is registered as a limited liability partnership, partnership firm or private limited company

  • Startup must be registered/incorporated into Gurgoann
  • Turnover of a startup must be below 25 crores per year
  • The startup must be functioning towards creating new
  • The startup must not a result of any splitting up
6. Acquire recognition number

You can get the recognition number to start a company. It is offered after the evaluation of your business documents.

7. Other areas
  • Trademarks and patents
  • If you require the patent for the trademark for your NEW BUSINESS IDEAS, you can approach the reliable facilitators.
  • Funding

Our Packages

Private Ltd Company Registration

Rs 6,999/-

  • Company Registration
    2 DSC
    2 DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Company Stamp

Private Ltd Company Registration + Trademark Registration + MSME

Rs 12,999/-

  • Company Registration
    2 DSC
    2 DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Company Stamp
    Trademark Registration

Private Ltd Company Registration + ISO Certification + MSME

Rs 13,999/-

  • Company Registration
    2 DSC
    2 DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Company Seal/Stamp
    ISO Certification

Package Includes

DSC OF 2 DIRECTORS
DIN OF 2 DIRECTORS
INCORPORATION CERTIFICATE
MOA & AOA
COMPANY NAME APPROVAL CERTIFICATE
COMPANY STAMP, PAN & TAN REGISTRATION
FREE FILLING OF AUDITOR ADDITION FORM ADT-1
ASSISTANCE IN OPENING CURRENT ACCOUNT IN BANK
 

Steps/Process

Step 1

Incorporation Documents

Incorporation Documents are prepared and sent for Signatures.

Step 2

Apply for Digital Signatures

Once ID proofs and signed documents are received, Digital Signature is applied for Directors

Step 3

Apply For DIN

After DSC, application is filed with MCA for getting the DIN Number

Step 4

Incorporation Form Spice

Incorporation Application is prepared and filed with ROC

Step 5

Incorporation Certificate

MCA check and Approves the Incorporation Application.

Step 6

PAN and TAN

Permanent Account Number (PAN) is applied based on Incorporation Certificate after that TAN number is applied Once we receive copy of PAN card

Documents Required for Pvt. Ltd. Company Registration

Self certified copy of PAN card of all Directors - 2 Copies
Four color passport size photograph of each Director
Copy of any utility bill or bank statement in the name of Directors
Mobile & Email of all Directors, 2-3 proposed Name & Objects of Company
Copy of Business proof of premises where company will be registered
Self certified copy of address proof of all Directors - 2 copies, Anyone of Passport/Voter ID/Driving Lincense/Aadhar Card
Incase of rented premises - Rent agreement + Latest electricity bill in the name of landlord + NOC
Incase of owned premises - Copy of sale Deed + Latest electricity bill in the name of owner

FAQ

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