A private limited company in India is one of the most popular types of corporate legal entities in India. All companies registered in India are governed by MCA (Ministry of Corporate Affairs) under the Companies Act, 2013. It is highly recommended to register your company as it offers numerous benefits. The most important one is that transferring or sharing ownership of registered companies is quite easy.
Companies Act, 2013 Section 2 (68) defines a private company as a company with the minimum paid-up share capital of one lakh or higher as may be prescribed. It provides that:
There is a restriction in transferring shares
The number of members in the case of private companies is limited to two hundred
Prohibits any invitation to the public to subscribe to any securities of the company
Company registration requirements
To register a private limited company in India, a minimum of two people are required. (two shareholder/directors) A natural person can be both a director and a shareholder. On the other hand, a corporate legal entity can only be a shareholder. With the advent of the internet, the process of company registration has been made easy, quick and affordable. Let’s check out the different steps involved:
1. Two shareholders/ two director
As stated earlier, to register a private limited company, a minimum of two directors and shareholders are required.
2. Unique name
The name of your business must be unique. Also, the name suggested by you should not match with any existing companies or trademarks in India.
3. Minimum capital contribution requirement
A company should have an authorized capital of minimum of INR 1 lakh when it is going for company registration in Dwarka.
4. Registered office requirement
There is no requirement for the registered office to have a commercial or industrial space. The registered office of a company can also be a residential property so long as an NoC certificate from the landlord and the rental agreement are obtained.
(Please note - this is just a primary requirement as the number of directors and shareholders can be increased)
Documents required for company registration
PAN Card: A copy of PAN Card of the proposed Directors of the Company.
Address Proof: The address proof must include the name of the Director as mentioned in the PAN Card.
Residential Proof: In addition to the address proof, the residential proof is also required at the time of company registration. Similar to address proof, it must also contain the name of the Director as mentioned in the PAN Card. Mobile bill, telephone bill, bank statements are acceptable residential proof.
In addition to the above, the following documents must also be provided.
Landlord NOC
Electricity/ water bill
Copy of Adhaar card/ voter identity
Passport size photographs of Directors
Copy of rent agreement is required if it is a rented property
Benefits of registering a business
Limited liability protection - running a business involves the risk of losses, but due to limited liability protection, entrepreneurs could take the risk without the fear of losing out all.
Transferability of a registered business is easy.
Separate legal entity
Improve credibility by being a registered company
Funding of the business in the form of debt or equity benefits.
If you want to start a business of your own, company registration should be your topmost priority owing to the multiple advantages it offers. RBG Consultant offers company registration in Dwarka. They help you with the company formation procedures which ultimately makes your business credible and increases authenticity. You can rely on them if you wish to register your business with a view of higher growth aspirations. RBG Consultants is committed to helping entrepreneurs and small enterprise owners start, manage their businesses at an affordable price!
No comments:
Post a Comment