Privatelimited Company

Private Limited Company is the most popular type of corporate legal entity in India. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014.

To Form a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

The average time taken to complete company formation is about 10 working days, subject to processing time taken by the MCA Centralized Registration centre.

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1. SEPARATE LEGAL ENTITY
2. PERPETUAL SUCCESSION
3. LIMITED LIABILITY
4. FREE & EASY TRANSFERABILITY OF SHARES
5. OWNING PROPERTY
6. CAPACITY TO SUE AND BE SUED
7. DUAL RELATIONSHIP
8. BORROWING CAPACITY

1. OBTAINMENT OF DSC (DIGITAL SIGNATURE CERTIFICATE) FOR ALL DIRECTORS AND SHARE HOLDERS.
2. APPLICATION OF DIN (DIRECTOR IDENTIFICATION NUMBER) FOR ALL THE PROPOSED DIRECTORS.
3. OBTAINING THE NAME APPROVAL FOR THE PROPOSED PRIVATE LIMITED COMPANY.
4. DRAFTING THE MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION FOR THE COMPANY.
5. PREPARATION OF THE ATTACHMENT FORMS FOR THE INCORPORATION VIZ., INC 8, INC9, DIR 2, AND OTHER APPLICABLE AFFIDAVITS AND DECLARATIONS.
6. FILLING OF THE E FORMS INC 32, INC 33 AND INC 34 FOR THE INCORPORATION OF THE COMPANY
7. OBTAINMENT OF THE CERTIFICATE OF INCORPORATION, PAN AND TAN .

i) Passport size photograph
ii) PAN Card copy
iii) Proof of Identity (Any one of the below)
– Passport
– Aadhar Card
– Driving License,
– Voter ID
iv) Proof of Residence (in the name of applicant) (Any one of the below)
– Bank Statement
– Electricity Bill
– Telephone Bill
– Mobile Bill
v. Proof of Registered Office Address:
A) Rent Agreement AND
B) Any one of the below (Mandatory)
– Electricity Bill
– Telephone Bill
– Gas Bill
– Mobile Bill