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Get a Good start for your Dream Private Limited Company Registration

What is a Private Limited Company?

A private limited company registration is a business structure that combines the advantages of limited liability and the flexibility of a private company. It is governed by the Companies Act, 2013, and has a separate legal existence from its owners. The liability of the shareholders is limited to the extent of their shareholdings, protecting their personal assets in case of any financial liabilities. Registering your business as a private limited company in India offers numerous advantages, including limited liability, credibility, and easier access to funding. By following the step-by-step process outlined in this comprehensive guide, you can establish your private limited company with confidence and embark on a successful entrepreneurial journey with Regalwhiz. Remember to comply with post-registration requirements and seek professional advice to ensure ongoing legal and regulatory compliance. Start building your private limited company today and unlock a world of opportunities for your business.

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    In september 2023 total of has been registered in India

    Advantages of Private Limited Company Registration

    1. Limited Liability: Shareholders’ personal assets are safeguarded in case of company debts or legal issues.
    2. Credibility and Trust: Private limited companies are perceived as more trustworthy by suppliers, customers, and financial institutions.
    3. Fundraising Opportunities: Easier access to capital through loans, investments, and venture capitalists.
    4. Perpetual Succession: The company continues to exist even if the director or shareholder changes.
    5. Tax Benefits: Private limited companies enjoy certain tax benefits and exemptions.
    6. Separation of Ownership and Management: Shareholders can appoint directors to manage day-to-day operations while focusing on strategic decision-making.
    1096
    Successful Private Limited Companies Registered by Regalwhiz

    Private Limited Company Registration Process

    • OBTAIN DSC

      Directors need to obtain a Digital Signature Certificate, which serves as an electronic signature for filing documents with the MCA.

    • APPLY FOR NAME APPROVAL

      Choose a unique and relevant name for your company and apply for name approval through the RUN (Reserve Unique Name) service provided by the MCA.

    • DRAFT AND FILE THE INCORPORATION DOCUMENTS

      Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) that outline the company's objectives, rules, and regulations. File these documents, along with other required forms, with the MCA

    • PAY THE REGISTRATION FEE

      Pay the prescribed registration fee based on the authorized capital of the company

    • OBTAIN CERTIFICATE OF INCORPORATION

      After verification and approval of the registration documents, the MCA will issue a Certificate of Incorporation. This certificate signifies the formation of the private limited company

    • OBTAIN PERMANENT ACCOUNT NUMBER (PAN) AND TAX DEDUCTION ACCOUNT NUMBER (TAN)

      Apply for PAN and TAN with the Income Tax Department to fulfill taxation requirements.

    • OPEN A BANK ACCOUNT

      Open a bank account in the company's name and deposit the minimum required share capital

    Documents Required for Private Limited Company registration:

    Documents Required for Directors & Shareholders

    1) PAN & Aadhar Copy (Indian citizen)

    2) Address Proof – Latest Bank Statement, Telephone or Mobile Bill or Electricity Bill

    3) photograph (passport size)

    4) Specimen Signature

    Documents required for Registered Office

    1) No Objection Certificate from owner of the premises

    2) Address Proof – Latest Electricity Bill/ Water Bill/ Gas Bill/ Landline Bill

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    Post Registration - Compliance requirements

    After registration, ensure compliance with various legal and regulatory obligations such as annual filings, board meetings, financial statements, and tax returns. It’s advisable to seek professional guidance to fulfill these compliance requirements.

    Why Choose Private Limited Company Registration for Your Business?

    • Limited liability protection for shareholders.
    • Enhances credibility and trust among stakeholders.
    • Simplifies fundraising and expansion opportunities.
    • Separate legal entity distinct from its owners.
    • Attracts talent with employee stock options and ESOPs.
    • Potential tax benefits and exemptions.