Private Limited Company Registration
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is fifty. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
Private Limited Company Registration Process
Private Limited Company Registration
IndiaFilings.com can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time.
Obtaining DSC & DIN
Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
Name Approval
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Company Registration
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
NEW: Private Limited Company Registration Process Using Form INC-29 (More)
INC-29 Company Registration
IndiaFilings.com can incorporate a Private Limited Company using Form INC-29 in 5 to 10 days, subject to ROC processing time.
Obtaining DSC & DIN
Digital Signature Certificate(DSC is required for the proposed Directors of the Private Limited Company. DSC can be obtained for the proposed Directors within 1 to 2 days.
Filing for Incorporation
One name must be selected for the company after referring to the MCA Name and Trademark database. Incorporation names are prepared and filed based on the selected name.
Company Registered
Form INC-29 is submitted to MCA with the relevant documents. If the name is acceptable, MCA will issue incorporation. Else, resubmission with new name may be required.
3 comments:
great post.
I like to add some info.
Private Limited Company, the most popular legal structure for businesses, should be chosen by anyone looking to build a scalable business. Start-ups and growing companies pick it because it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to attract top talent. As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC) or General Partnership.
Very informative.
Great Blog having nice information.. Thanks for sharing and keep blogging...
Kevin
Private Limited Company
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