YOU CAN NOW REGISTER A PRIVATE LIMITED COMPANY IN INDIA AT JUST RS. 6,999 (ALL INCLUSIVE)*
Now registering a Private Limited Company is easy and affordable process with setindiabiz, at the most competitive fee. In all our packages you get DSC For Two Directors, Allotment of DIN, The Name Availability Search and main Object Drafting. Our team of company secretaries and para-legal staff do end to end process including filing of Spice Plus form with the ROC and do the followup with the ROC until the issue of Registration Certificate.
Legal Dukan, your leading legal consultant, offers quick Company Registration service in India at nominal pricing. Here you will find how you can register your company.
Indian Nationals: PAN card mandatory
Foreign Nationals: Passport is mandatory
In addition to the above document, the Directors must submit one of the following documents that contain the address of the Director.
Indian Nationals: Passport / Driver’s License / Election ID / Ration Card / Aadhar ID
Foreign Nationals: Drivers License / Bank Statement / Residence Card
Finally, as proof of residency, the prospective Directors must produce one of the following documents. This document must have been generated within the last two months:
Indian Nationals: Bank Statement / Electricity Bill / Phone Bill
Foreign Nationals: Bank Statement / Electricity Bill / Phone Bill
Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business -
The following are the steps involved in registering a company in India:
An application for company name approval is first submitted to the Ministry of Corporate Affairs to reserve the company name. In the name approval application, 1 or 2 names with business objectives can be submitted. If a name approval is rejected, 1 or 2 more names can be resubmitted. Normally, the MCA approves all name approval applications in less than 5 working days.
Digital signature for the Directors will be obtained through an Authorized Certifying Authority by IndiaFilings. To obtain Digital Signature, the Directors will have to submit a copy of their identity proof and complete a video KYC process. If the Director is a foreign national, the passport and other documents submitted must be apostilled by a local embassy.
Once the digital signatures are obtained, the incorporation application can be filed in SPICe Form to the MCA with all relevant attachments. Along with the incorporation application, the Memorandum of Association (MOA) and Articles of Association (AOA) of the company are filed. If the MCA finds the incorporation application to be complete and acceptable, the Incorporation Certificate is granted along with PAN of the company. The MCA normally accepts all incorporation applications in less than 5 working days.
The following are the major advantages of incorporating a private limited company in India versus other entity types.
Separate Legal EntityA company is both a legal entity and a juristic person. Therefore, a company has broad legal rights to like acquiring property, incurring debts, hiring people, etc. As a company is a separate legal entity, the company's members (shareholders or directors) are not personally liable for the company's liability.
Limited LiabilityA private limited company is a separate legal entity with limited liability provisions. Therefore, the shareholders are not liable for the losses of the company – for an amount more than what was invested by them into the company as share capital.
Uninterrupted Existence A company has 'perpetual succession,' which means it will continue to exist until it is legally dissolved. Because a company is a separate legal entity, it is unaffected by the death or other departure of any of its members, and it continues to exist regardless of membership changes. Fund Raising A private limited company has multiple options for fundraising. A company can raise funds from shareholders, investors, angels, venture capital funds, private equity funds, foreign funds, NBFCs, banks and other financial institutions. Only a company can raise debt and equity funds from investors.