Title: Register Your Private Limited Company
1Register Your Private Limited Company with All
Needed Steps That You Should Follow
2- The company that holds a private business entity
is known as a private limited company. Private
stakeholders have a private limited company. In
this type of company, a shareholder's liability
ranges only to the number of shares held by the
shareholder. It is precisely similar to the
limited partnership. - In today's scenario, with the growing business
and new entity coming up, there is an increasing
demand for private limited company registration.
There are certain norms and regulations to be
followed while registering a private company.
The body called the Ministry of Corporate
Affairs governs such companies. - Why will you open a private limited company?
- Membership you will need a minimum of two
people to start a private limited company. The
maximum number of a member will be two hundred
people. You will also need two directors to run
this company. - Limited liability structure in this type of
company, the liability of the entire shareholder
will be limited to its share holing capacity. - Separate legal entity this company will be a
separate legal entity. This suggests that if any
of the members become insolvent or files for
bankruptcy, the company is not affected. The
company will remain active until it is declared
dissolved by the resolution. - Minimum paid-up capital -
- Minimum capital has to be rs one lakh. This can
go higher from time to time.
3- Differentiate your company
- As per the COMPANIES Act, the private limited
company registration should meet specific rules.
They are as following - Private ownership.
- Shares issued cannot be traded in public.
- Stakes are not issued through IPO.
- Requirements to form a private limited company
- The number of people- Minimum two to a maximum of
two hundred people can come together to form a
private company. - They will then submit an application to the
Registrar of companies with a copy of the
Memorandum of association. - The Memorandum should specify the name of the
company with the words "Private Limited." - The address of its registered office,
- The document stating the objects and purposes of
the company with the extent of liability of its
members should be submitted to the office. - Document required to form a private company
- After you have decided to start a private
company, you will need to do a specific
documentation process. The following documents
will be needed - DSC ( digital signature)
- PAN card
- DIN
4- Address proof
- Residence proof
- MoA (Memorandum of association)
- Articles of association
- Steps to register a private limited company
- Firstly, you will have to finalize the name of
the entity it is essential to decide the name
of the company, which describes the type of
business it does. It is advisable to give at
least five options as the name of ant two
companies cannot be the same. - Then next step will be to apply for the digital
signature certificate - as - Thirdly, you will have to use the director
identification signature i.e. DIN - - Fourthly, your duty will be to check if the name
is available always give five or more options.
Then select the available name and register it. - Then, you will have to file for EMOS and AMO -
- Next step will be to apply for the PAN and TAN
number of the company you will need PAN card
and TAN number for all the details and
accounting purposes. - After the above step, you will receive the
certificate of incorporation by RoC. You will
also receive PAN and TAN.
58. You will need a bank account in the name of
the company. For smooth transactions, you will
need a bank account in the name of the
company. After completing the above steps, you
have completed the process of private limited
company registration, and you are ready to start
your business. If you want the above process to
be smooth, it is very important to consult the
right person or the company. The cost of private
limited company registration varies from 6000 rs
to 30000/ rs. It depends on the number of
directors, members, authorized share capital,
and professional fees. The professional costs
will depend on the types of documentation
required. The above information will help you to
the private limited company registration, making
your process very easy and simple.