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Private Limited Company (For Resident Indian)

All you need to know about establishing a Private Limited Company
 
Taking the road less taken can turn out to be one of the most fulfilling experiences of a lifetime. There is hardly any joy in doing the things everyone can do. But there is a joy mighty sweet when you succeed on a road less taken and become an inspiration for generations to come.
 
Starting a business can turn out to be one of the most interesting experiences of your life. One of the important decisions made by an entrepreneur or a start-up while starting this journey is the selection of his business entity. The choice of the business entity has long term implications throughout the life-cycle of the business. Hence, it is recommended to discuss your business plan with a professional, and choose an entity that will support the vision of the business.
 
Cut to the chase; we highly recommend you opt for setting up a Private Limited Company. Read on and you’ll understand why.
 
A Private Limited Company is the most popular as well as the most preferred choice of business entity in India. As it requires a minimum of 2 members, it is most appropriate for small and medium-sized businesses and start-ups. It is a privately held business entity with a limited liability and allows for a 100% foreign direct investment with government approval. It takes only around two weeks to set up a Private Limited Company. It also allows a significant degree of distinction between the business entity and the management.
 
Basic requirements for Private Limited Company Registration:
 
1. A minimum 2 Shareholders are required
 
2. A minimum 2 Directors are required
 
3. The Directors and Shareholders generally be the same person
 
4. One of the Director must definitely be a resident of India
 
5. The minimum advisable Authorised Share Capital is INR 1 lakh
 
6. DIN (Director Identification Number) for all directors is needed
 
7. DSC (Digital Signature Certificate) for 2 promoters and 1 witness is required

Note:- Company planning to operate in specific govt. regulated sector like Insurance, Financial Market etc will have to get their regulatory license first before incorporation of company and those cases will be dealt separately. Get in touch with us for more detailed information at +91-844 7037 100

For NRI's Please click on below link:

FAQ's on Registration of Private Limited Company

Following are the steps: (1) Obtain Digital Signature Certificate DSC for proposed Directors of the Company. (2) Obtain Director Identification Number DIN for proposed Directors of the new Company. (3) Filing the proposed name of company for approval to the Registrar of Companies. (4) File all incorporation forms and documents online including the Memorandum of Association and the Articles of Association. (5) Obtain the certificate of incorporation.

A private limited company must have a minimum of 2 Directors and can have up to a maximum of 15 Directors.

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

Yes. A company can change its registered office at any time after following specified procedure.

A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings an Annual General Meeting must be conducted by the Private Limited Company

Question? Call us at +91 8447037100

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