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Key Features For Our Private Limited Company Registration
Through madaliya legal services in India, company registration can be done online. Millions of Indian entrepreneurs and well-known businesses like Flipkart, PhonePe, and Swiggy favor the private limited company as their preferred form of legal entity. Online registration for a private limited company is incredibly cost-effective and takes less than 10 days normally. Advantages of PLC are:
Table Of Contents
Know Everything About Private Limited Company
Company Registration Process
What is a Private Limited Company?
One of the most prevalent kinds
of legal entities in India is a Private Limited Company (PLC). A minimum of 2 Directors and 2
Shareholders are required for Private Limited Companies under the 2013 Companies Act, with one
of the Directors having to be an Indian Resident and Citizen.
To register a company in India,
the following are minimum requirements:
There are no restrictions on
foreign shareholding in a private limited business, and 100% foreign direct ownership (FDI) is
allowed in the majority of Indian industries. Thus, private limited companies are most often
founded in India as overseas subsidiaries.
Documents Required for Company Registration
The proposed directors of a
private limited company must present the following documents as proof of identification in
order to register a company:
Capital Required to Start a Company
India is a country where a
business can be launched with very little funding. It is up to the shareholders of the newly
formed firm to decide how much capital they want to put in; there is no set amount. The
following are some ideas to keep in mind when setting up the company's capital structure:
Company Registration Process:
The following are the steps
involved in registering a company in India:
Private Limited Company Compliances
Once a company is registered in
India, various compliances must be maintained from time to time to avoid penalties and
prosecution. The following are some of the compliances a company would be required to complete
after company registration:
Advantages of Private Limited Company
The following are the major
advantages of incorporating a private limited company in India versus other entity types.
Disadvantages of Private Limited Company
While a company has various
advantages, registering a company may not be ideal for all entrepreneurs due to the following
reasons:
Find Your Answers About Private Limited Company
What is the Tentative Time-period Lapsed in the Incorporation of a Private Limited Company in India?
Based on the requirement of obtaining diverse requisite documents, authenticity of the documents submitted by the directors/shareholders, the speed of processing and filing forms & documents, and the briskness of the proceeding performed by the concerned government authorities, the approximate time taken by the entire procedure for incorporation may range from One to Two Weeks.
What is the general Procedure for Incorporating a Private Limited Company in India?
After obtaining the DSCs and DINs, the next task is to ensure the availability of the proposed name of the private limited company through filing the Form INC-1. Then, drafting appropriate Memorandum of Association (MOA) and Articles of Association (AOA) of the company will be made. And, finally, Form INC-29 will be filed with the concerned ROC for incorporation of the proposed company, together will all required documents.
What are the Primary Requirements for setting up a Private Limited Company in India?
The statutory requirements for the incorporation of a private limited company anywhere in India, are the following:
A minimum of Two Directors and Two Shareholders (The Directors can also be Shareholders). The maximum number of shareholders in a private limited company in India has been extended to 200 (from 50) under the new Indian Companies Act of 2013.
No governmental recommendation regarding the Minimum Paid-up Share Capital required for incorporation of a private limited company anywhere in entire India, as per the latest Companies (Amendment) Act of 2015. The mandatory requirement of getting the certificate for business commencement has also been repealed by this Amendment Act of 2015.
Xerox copies of the PAN Cards of the Directors/Shareholders (Indian Nationals) or Copy of Passport (Foreign Nationals).
DINs (Director Identification Numbers) and DSCs (Digital Signature Certificates) of the Directors.
Xerox copies of the Identity Proof and Address Proof of All Directors.
Address Proof of the proposed Registered Office of the company (along with the No Objection Certificate from Landowner, etc.)
Can a Foreign National/Company be a Director/Shareholder in any Private Limited Company in India?
Yes. Any foreign national or company, or an NRI (non-resident Indian) can become a director, or hold share of a private limited company in India. But, at least one director on the Board of Directors of a private limited company in India must be a Resident in India. However, holding shares of a private limited company in India by foreign nationals/companies will be subject to the contemporary FDI Guidelines of India.
Is a Private Limited Company Suitable for making FDI in India?
Yes, immensely suitable!The private limited companies have been a hugely popular form of business entity amid foreign investors for making the direct foreign investment (subject to FDI Guidelines) in any country, by means of a wholly-owned subsidiary, a joint venture, etc.
What is a Private Limited Company?
Run and managed privately by its directors and shareholders, a private limited company is not entitled to sell its shares to outside public investors and hence, it cannot trade on the stock exchanges, like the public limited companies do. Consequently, a private limited company is required to make much lesser administrative and financial disclosures to, and regulatory and annual compliances with the concerned authorities than those performed strictly by the public limited companies. Again, the shareholders of a private limited company in India, could be natural persons or companies, including the foreign companies.
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