What is Private Limited Company Registration?
The Private limited company is considered the most popular legal structure option in India. Pvt Ltd. is incorporated under the Companies Act 2013 and it is governed by the Ministry of Corporate Affairs (MCA).
How long does it take to start a Sole Proprietorship?
A Sole Proprietorship takes maximum of 15 days to start functioning.This is the reason why is popular among the small trader, new business owners.
Do I need visit ROC or be present during this process?
No, the entire process is online.However you will have to provide the scan copy of all the required attested documents.
How much time is needed for private limited company registration in India?
If you have all the documents in order, it will take 15-25 days. It also depends on the ROC clearly time.
What documents are required for registration?
Kindly refer the procedure for registration section above.
What is Incorporation Certificate?
It is a certificate issued by ROC on successful registration of the private limited company.
What is a DSC & DIN?
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates.Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated.
How much will I need to pay for registration ?
We at LegalMunshi charge only Rs.6,999 to carry out the process of registration of your Private Limited Company registration.
Does a private limited company have continuous existence?
Yes, so long as the annual compliances are met, the private limited company will continue to exist.
How much does it cost to run a private limited company?
The can be divided into 3 categories apart from registration cost: Acounting and auditing, Annual Compliance and Miscellaneous expenses. On a minimum side you can expect to spend Rs 50,000 yearly.
Who can be a Director of private limited comapny?
Anybody with minimum age of Eighteen (18+) years, having DIN (Director Identification Number) and a valid PAN card can become director.
Can the director of a private limited company be a salaried person?
Yes, a salaried person can become the director in private limited, LLP or OPC private limited company.However they should check with there employer for any discrepancy later.
Can NRI or Foreign Nationals become Director of private limited comapny?
Yes, a NRIs or Foreign National can become Director in a Private Limited Company. They need to get a DIN from the Indian ROC.
Are two directors necessary for a Private Limited Company Registration?
Yes, a minimum of two directors are required for a private limited company registration. The maximum directors can be 200. If you want to be sole director than you can register a One Person Company.
Is it mandatory to have minimum two directors?
Anybody with 18+ years of age , having DIN (Director Identification Number) cab become director.
What is the minimum capital required for Private Limited Company registration?
Minimum required capital of Rs. 100,000 to start a private limited company.
What are articles of association and memorandum of association?
It contain the rules, objectives of your organisation, the exact business and the roles and responsibilities of shareholders and directors etc.
What are the immediate requiremnts once the company is incorporated?
Within 30 days of registration of the company, one must open a current bank account with the subcribed paid up capital deposited,appoint a Statutory Auditor and last issue and allot shares.
Is it necessary to have a company’s books audited?
Yes, a private limited company must hire an auditor, no matter what its revenues.
Can the private limited company registered office address be my home address?
Yes, the company can be registered at your residential address and need to submit vaild utility bills.
What is the minimum capital required for Private Limited Company registration?
Minimum required capital of Rs. 100,000 to start a private limited company.
Can my family members be the director in the company?
Yes, a family member can be a director of the private limited company.
What are the types of private company?
Different types of private company are A company limited by shares, Unlimited company and A company limited by guarantee.
Can a Private Limited Company own and carry out multiple businesses?
Yes if it is mentioned in the MoA and approved by ROC than a private limited company can carry out multiple business .
What are the annual compliances to be completed by a Private Company?
First,The company must appoint an auditor. Second,The company should conduct at least one AGM (Annual General Meeting) and at least 4 board meetings (one in each quarter). Third,An auditor must audit the books of the company. Fourth,AOC-4 and MGT-7 must be filled as a part of annual compliance within the specified time.These are the basic compliances
