5 STEPS
1. Arrange basic documents of Directors
2. Apply for DSC (Digital Signature Certificate) of Directors
3. Prepare MOA, AOA & other Legal documents
4. File INC 29 or Incorporation Docs with ROC
5. Get your Company Incorporation Certificate
Why to Register Private Limited Company
- Limited Liability Protection to Directors personal assets: Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.
- Better image and credibility in Market: Private limited company is popular and a well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
- Easy to raise funds and loans: Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors and Venture Capitalists in comparison to LLPs and OPCs.
- Favorite Business structure for Investors: Investors love to invest in Private Limited companies as it is well structured and less strings attached to it. Most importantly it is very easy to exit from a private limited company.
- Easy to attract Employees: For startups putting together a team and keeping them for long time is a challenge. Due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations and stock options.
- Easy to Sell: Private Limited Company is easy to sell and very less documentation and cost is involved in selling a Pvt. Ltd. company.
Minimum Requirements For Private Limited Company Registration
1. Minimum 2 Shareholders.
2. Minimum 2 Directors.
3. The directors and shareholders can be same person.
4. One of the Directors must be an Indian Resident
5. Minimum Authorized Share Capital Rs. 100,000 (INR One Lac).
6. DIN (Director Identification Number) for all Directors
7. DSC (Digital Signature Certificate) for one of the Directors
We can HELP you with
In your New Private Limited Company Registration , MyOfficeStaff can help you with:
1. DIN for 2 Directors
2. Digital Signature Token for 1 Director
3. Company Name Approval
4. MOA + AOA
5. Incorporation Certificate
6. New Incorporation Kit
7. Customized Incorporation Master File
8. Company PAN Card
9. Company TAN/TDS Number
10. Bank Account Opening Document Support