What is a Private Limited Company?
Before you perform Private Limited Company Registration, you should have proper knowledge of it. A private limited company is a type of business entity that is incorporated in most countries around the world. Private limited companies are specifically small to medium-sized businesses.
Are you looking to start a Private Limited Company but don’t know where to begin? The process of Private Limited Company registration can seem daunting, but it doesn’t have to be. With a little research and some professional help, you can get your formation company up and running in no time. Here will walk you through the simple procedure of Pvt Ltd Company registration, from start to finish. We’ll cover everything you need to know, including the documents required, fees of formation, and the process itself. By the end, you’ll be ready to start your private ltd company kolkata with confidence!
What are Key Benefits of Private Limited Company Incorporation?
The main advantage of a private limited company is that it has limited liability, which means that the shareholders are not personally liable for the debts of the company.This protects the shareholders from losing their personal assets if the company is unable to pay its debts.
Another advantage of a private limited company is that it is not required to disclose its financial information to the public, which can be beneficial for companies that want to keep their financial information private.
Documents Required for Private Limited Company Registration
- A copy of identity proof document Voter card / Aadhar card
- A passport-sized image of each director
- A copy of each director's PAN card
- In the case of owned property, a copy of the property paperwork
- Utility bills for the business location such as electricity, water and gas
- Must have at least two directors
- There must be a minimum of 2 stockholders.
- There must be an Indian companion among the chosen ones
Step by Step Process of Private Limited Company Registration
Registration of private limited company can be done in a very short period of time if all the paperwork is in order. Along with the business setup, the challenging task is to get the company registration done. A process of private limited company formation kolkata is quite easy.Apply for DSC
The proposed directors and shareholders must digitally sign all documents. The Ministry of Corporate Affairs issues DINs, which stand for Director Identification Numbers. This step can be bypassed if the directors already have a DSC.
The Name Approval
It is crucial that you present the Ministry of Corporate Affairs with your top two choices for the name of your business while you are still in this phase. One of the two names you served is then selected by the MCA. Make sure the name you propose is related to the industry that your business will target.
Possession of Documentation
Drafting the declaration sheets for the directors and shareholders for their AOA article of association, acceptance, subscription sheet, and memorandum of association is required when the digital signature and name approval are complete.
Submit the MOA and AOA
It's critical to prepare the AOA and MOA as soon as the MCA approves the name. The Ministry of Corporate Affairs must receive both the AOA and MOA together with the subscription statement.
Obtain Incorporation Certificate
In most cases, 15 to 25 days are needed to form a private limited company and obtain the incorporation certificate. The certificate of incorporation demonstrates that the firm has been created. CIN number is also involved in this.
Apply For Bank Account, Tan & Pan
PAN, and TAN applications are processed immediately with company registration submission forms, so you don't need to submit them separately. It takes 7 working days to receive TAN and PAN. After that, you can submit the incorporation certificate, AOA, MOA, and PAN to a bank to create a bank account.
By going through the above-mentioned steps it might seem that the procedure is pretty easy and can be performed on our own, but the situation is not so. The best option to get your private limited company registered is by One Click Business Solutions.
The cost of private ltd company registration kolkata are very reasonable here and we also offer a quick incorporation service. One Click Business Solutions is the best platform for private limited company registration. We provide a hassle-free and efficient process for company registration. We also offer a wide range of other business solutions such as company formation, company secretarial services, and business consulting. Contact us today to get started.