Pvt ltd company registration

1
Private Limited Company Registration

• Starting registering is business is an
  important step in an entrepreneurs journey.
  Choosing the right form of business is equally
  important. Here well guide you on Private
  limited company registration - what is an Private
  limited, why should you go for an Private
  limited, the registration process, documentation
  and requirements.

2
What exactly is a Private limited company?

• A private limited company is a type of company
  which has shares held by directors or founders.
  There shares cannot be sold in a open market as
  in case of Public limited company. The directors
  or share holders in a pvt ltd company have
  limited liability.
•  
• In simpler terms, you need 2 or more than 2
  directors to start a private limited company.
  Also, the directors are not liable to pay for the
  company debts or creditors from their personal
  assets. This is a big advantage over normal
  partnership firm where partners personal assets
  like home car can sold to repay firm debts.
•  
• Limited liability advantage is also provided by
  LLP. But the key reason why entrepreneurs choose
  private limited is because VCs / Investors prefer
  Pvt limited over LLPs

3
Why should you go for an Private Limited ?

• There are multiple reasons to choose private
  limited company
• Preferred by banks, VCs investors.
• Easy to allocate and re-distribute shares to
  investors or other directors.
• Limits your liability. All of the risks of the
  business are spread out.
• Easy to register, manage run.
• Easy to dissolve or wind-up.

4
Concerns related to Private Limited Company?

• Pvt. Ltd requires few more ROC compliances
  translating into a additional cost of 5K to 10K/
  annum.
• Minimum capital required is Rs. 100,000
• Still entrepreneurs prefer private limited for
  the ease in share transfer and potential for
  future growth.

5
Private Limited Company Registration Process?

• First of all the partners have to apply for
  Digital signature and DPIN .
• After that, you have to register for name
  approval. Name for the company should be unique
  otherwise the application would be rejected.
• After that you have to file for subscription
  statement and incorporation document.
• Apply for PAN and TAN
• At the end you have to prepare a Private limited
  agreement and file with MCA
• It typically takes 15- 25 days to form an Private
  limited.

6
Documents Required for Private Limited Company
Registration.

• You will need basic set of documents to apply for
  LLP. This includes
• PAN Card copy of Partners
• Copy of Aadhaar Card or Voter identity card
• Passport size photograph of partners
• Property papers copy (If owned property)
• Rent agreement copy Landlord NOC(If rented
  property)
• Electricity/ water bill of business place

7
Requirements for Private Limited Company
Registration

• Minimum 2 Directors
• Minimum Capital Requirement of Rs. 100,000
• At least one Indian Resident as Designated
  Director
• DPIN for all Partners

8
How to register your Private Limited Company
using LegalRaasta?

• We at LegalRaasta have helped over thousand
  companies in Private limited registration. To get
  your Private limited done from us, you can
• Go to our website www.legalraasta.com and select
  LLP registration.
• Fill our online questionnaire.
• Select your package. You can choose for
  additional services like trademark and salestax
  registration and pay accordingly.
• We will take care of the rest.
• Hope this was helpful. Thanks