• Free agreement drafting
• DSC (2 directors);
• DIN (2 directors);
• MOA (INC 33);
• AOA (INC 34);
• Certificate of Incorporation;
• Company PAN Card; and
• Company TAN letter.

About Private limited company:-

A private limited company is one type of business structure. A private limited company, or LTD, is a sort of privately held independent company and a small business entity. This kind of business substance limits proprietor risk to their shares restrains the maximum number of shareholder to 50, and confines investors from openly exchanging shares.

Before the registration of a private limited company, its objectives are determined. The governing body for such a company is the Ministry of Corporate Affairs (MCA).

Section 2 (68) of the Companies, 2013 Act defines a Private Company as follows:

“A Company having a minimum paid-up share capital as may be prescribed, and which by its articles,— (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred; (iii) prohibits any invitation to the public to subscribe for any securities of the company”

Number of Members:-

It must have a minimum of 2 directors and a maximum of 15 directors. Amongst the directors in the business at least one must be a resident of India.

Why private limited company preferred by start-ups ?

Private Limited Company is favored structure by startups in view of dependability and development openings offered by this structure. Further, it guarantees separate lawful presence from its individuals. Thus, it can include into contracts and legitimate procedures in its own name. Additionally, a company's status is unaffected from any adjustment in individuals and the board.

Separate administrative board for example Governing body is advantageous for individuals intrigued for venture reason. Where Board chips away at compensation, the individuals get benefit partaking in type of Profit.

It additionally offers different subsidizing alternatives in type of private value, ESOP and then some. This makes it progressively reasonable for outer financing choices.

Also, consequently, it is increasingly favoured by VCs, Blessed messenger Financial specialists, and other outside subsidizing offices contrasted with some other business structures. It likewise is fairly favoured by banks and loaning offices due to the believability that it holds as a corporate structure. A private company is qualified to take advantage of enlistment under Startup India Plan of Legislature of India. This plan profits numerous advantages including charge exclusions for the perceived start-ups.

In light of these reasons, it is the need for both family-based businesses and new companies. Where administration based businesses will in general picks up LLP, Pvt Ltd is appropriate for product based and development situated businesses.

Documents required for Directors & Shareholders:

• PAN Card;
• ID Proof – Voters Id / Passport / Driving License (Aadhar card shall not accepted)
• Address Proof –  Latest Bank statement with transactions / Telephone bill / Mobile Bill with address mentioned (latest one or  2 months);
• Passport Size Photograph;
• Other Information (sample attached);
• Specimen Signature (sample attached). ( SHOULD BE SIGNED IN DARK INK PEN)

A detailed registration process

Step 1: Application for DSC (Digital Signature Certificate)
Step 2: Apply for the DIN (Director Identification Number)
Step 3: Application for the name availability.
Step 4: Filing of the E-Moa and E-AOA to register private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: Issued certificate of incorporation by RoC with PAN and TAN
Step 7: Opening a current bank account on company name

• DSC for 1 director
• DIN for 1 director
• MOA (INC 33)
• AOA (INC 34)
• Certificate of Incorporation
• Company PAN Card
• Company TAN letter

About OPC:-

Section 2(62) of Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member. Such companies are generally created when there is only one founder/promoter for the business. Entrepreneurs whose businesses lie in early stages prefer to create OPCs instead of sole proprietorship business because of the several advantages that OPCs offer.

One Person Company is a private limited company comprising of just a single shareholder who is additionally the executive of the company. OPC or One Person Company is an improvement over the customary structure of sole ownership constraining the obligation of the person to the aggregate of his/her capital contribution towards the business. There will be a candidate executive who has no force until the first shareholder/chief is rendered unequipped for maintaining the business eg. Because of death, the incapacity of mind etc. To join an OPC an application must be made to find out the availability of the name of business by applying through Form INC-1. On the off chance that the ideal name is available, at that point such name must be reserved. within 60 days from such reservation INC-2 form which is the application for incorporation must be submitted.

Benefits of OPC:-

• Separate legal entity
• Protect liability
• Separate management for ownership
• More credibility
• Helps in expansion
• Nomination provision for continuity of business life

Documents required:-

• Copy of PAN Card of owner
• Passport size photograph of the owner
• Copy of Aadhaar Card/ Voter identity card
• Copy of Rent agreement (If rented property)
• Electricity/ Water bill (Business Place)

What is Sole Proprietorship?

The word “Sole” indicates only one and the word Proprietorship indicates about the ownership of the business. Hence, sole proprietorship is one of the oldest form of business which is been followed by all the business entity, which means a single person owns, manage and control, all the business activities and an individual who operates the business is all knows as sole proprietorship.

Main Characteristics of sole proprietorship:-

• Single Ownership
• No sharing of profit or loss
• One man’s capital
• Unlimited liability
• Less legal formalities
• One man control

Is registration of sole proprietorship mandatory?
No, Sole Proprietorship Registration is not mandatory. It is optional on whether a person intends to register his sole proprietorship or not. Although, banks insist on getting sole proprietorship registered if you intent to open a bank account in the name of your business, but as per law it is not mandatory.

Documents required for sole proprietorship registration:-

• Aadhaar card
• Pan card
• Bank Account
• Registered office proof

Get your Sole Proprietorship registration in 3 best ways as follows:-
1. Register under Shops and Establishment act
2. Get Udyog Aadhaar Under the Ministry of MSME
3. Get a GST registration

Introduction for Producer Company:-

MCA has inserted Part IX A of companies act 1956, Paving a way for the incorporation of Producer companies. The Act has allowed primary producers to organise themselves to gain a maximum profit from the market oriented economy.Firstly the Producer company is a hybrid between a private limited company and a co-operative Society. It also indicates the importance of the agriculture and the farmers who are dependent directly or indirectly upon agricultural field.

The objectives of producer companies shall include one or more of the eleven items specified in the Act, the more important of these being:
(i) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit;
(ii) Processing including preserving, drying, distilling, brewing, venting, canning and packaging of produce of its members;
(iii) Rendering technical services, consultancy services, training, education, research and development and all other activities for the promotion of the interests of its Members
(iv) generation, transmission and distribution of power, revitalization of land and water resources, their use, conservation and communications relatable to primary produce;
(v) Manufacture, sale or supply of machinery, equipment or consumables mainly to its members.
(vi) promoting mutual assistance, welfare measures, financial services, insurance of producers or their primary produce;

Basic requirements for Incorporation:

For incorporating a Producer Company, minimum 5 Directors and 10 members are required.
The minimum paid up capital of the company should be 10,000 rupees.
The registered office address has to be situated in India.

Documents required for incorporation:

• Copy of PAN card of all the members and Directors – attested by a gazette officer.
• Identity Proof of all the members and Directors – attested by a gazette officer.
• Resident proof of all the members and
• Directors: – attested by a gazette officer.
• Four Photographs of each member and Director.
• Proof of address of registered office

Incorporation Fee:

The Producer Company may reimburse to its promoters all other direct costs
associated with the promotion and registration of the company including
registration, legal fees, printing of a memorandum and articles and the payment
thereof shall be subject to the approval at its first general meeting of the Members.
The Producer Company shall not, under any circumstance, whatsoever become or be deemed to become a public limited company under this Act

Procedure for Producer Company Registration

Step-1 Name Approval and Reservation (Form INC-1)
Step-2 Making DSCs and DINs for Directors
Step-3 Filing the Incorporation Form INC-7 with the relevant ROC
Step-4 Filing Forms like INC-22, DIR-12, etc.
Step-5 Submission of other necessary documents.