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Private Limited Company - Overview

Setting up a Private Limited Company is a highly recommended means to start a business in India. It is one of the easiest forms of company to go for if the scale of business is small or medium. Other than raising funds from the public, a Private Limited Company enjoys similar privileges as any other company. The cost of maintenance too is low and the number of compliances is way less than a Public Limited Company. Hence it helps the promoters to focus on the business rather than on maintenance of the company.

At I4m, We serve businesses across the entire spectrum of Company Registrations in India, be it small or large organizations. From Incorporation to ROC Compliance, we have got you covered.

Benefits of Company Registration

• Separate Legal Entity: A Pvt ltd company is a legal entity different from that of its members.
• Uninterrupted existence: A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be, in fact, irrespective of the changes in membership.
• Limited Liability: A company is limited by shares; the Liability of the members on winding-up is limited to the amount unpaid on their shares.
• Free & Easy transferability of shares.
• Owning Property, A company being a juristic person, can acquire, own, enjoy and alienate property in its name
• Capacity to sue and be sued: A company, an independent legal entity, can sue and be sued in its name.
• Dual Relationship: A person at the same time be a shareholder, creditor, director, and also an employee of the company
• Borrowing Capacity: A company enjoys better avenues for borrowing funds. It can issue debentures, secured and unsecured, etc.

Minimum Requirements

• Minimum of two shareholders and two directors required.
• Shareholders and directors can be the same individual.
• Foreign nationals and NRIs can be directors.
• It is mandatory for the directors to have a Digital Signature Certificate (DSC).
• Maximum 3 directors are allowed in the initial time of Incorporation.
• There is no lower or upper limit on the capital.

Documents Required

• PAN Card of all Directors and Members (Self attested)
• Identity Proof of all Directors and Members - Aadhar Card or DL or Voter ID or Passport (Self attested)
• 1 Passport size photo of all Directors and Members
• Address Proof of all Directors and Members- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
• Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
• Copy of Government issued Utility Bill of Office address (Not older than 2 months)

Procedure

• Name Reservation
• Preparation of Digital Signature Certificate
• Application for Incorporation

Time

• Fast Track- 1 working day from the day of submission of all documents by client
• Normal- 5-7 working days from the day of submission of all documents by client

Note : The above time is subject to ROC processing time

Register Your Company With I4M & Get Startup SME Support Free For 3 Months!

Below are the list of services that you get as the part of SME Support