Private Limited Company is the most popular type of corporate legal entity in India. The registration is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013, and the Companies (Incorporation) Rules, 2014. We, at Instade are committed to providing affordable packages for the registration of private limited companies across India.
Eligibility and Requirements for Private Limited Company
-Minimum of two Directors
-Minimum two Shareholders, Shareholders can be –
1. Corporate entity.
2. Natural person.
3. Foreign national or company.
-At least one director must be a resident of India.
Documents required for registration of Private Limited Company
For Directors & Individual Shareholders
• Identity proof documents like Voter Id, Passport, Driving license
• Indian nationals are mandatorily required to provide PAN.
• Foreign nationals must submit attested passport copies.
• For Proof of Residence documents shall include bank statements, electricity bills, water bills, gas bills, and telephone bills. (should not be older than 2 months)
• Passport Sized Photograph
For Registered office
· No Objection Certificate from the owner of the Address to be used as a Registered Office address.
· In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months).
· In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property (should not be older than 2 months).
For Corporate entities as a Shareholder
• In case any of the shareholders or subscribers to the MOA and AOA is a Corporate Entity (Company, LLP, etc.) then Certificate of Incorporation of that corporate entity must be attached together with the resolution passed by the Corporate entity in favor of subscribing to the shares of the company which is going to be registered.
• In case subscriber to the proposed company is a Foreign company and/or company incorporated outside India then Copy of certificate of incorporation of the foreign body corporate and resolution passed thereon in favor of subscribing to the shares of the company which is going to be registered.
Post-Incorporation Compliances
Private limited companies registered in India are required to comply with various rules and regulations. Failure to such compliance will lead to penalty or disqualification of Directors. Instade will help you with the company’s accounting and maintenance of required statutory compliances.
IMPORTANT COMPLIANCE FOR COMPANIES REGISTERED IN INDIA
1. Appointment of Statutory Auditor
2. Commencement of Business within 180 days of incorporation
3. Income Tax Filing
4. Annual Filing with ROC
5. Director identification number KYC
6. Preparation of Minutes
7. Maintenance of Statutory Registers. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram
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