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Easy Online Private Limited Company Registration with Finaccle.

  •  Get Private Limited Company registration within no time
  •  Enjoy hassle free Private Limited Company registration processing with Finaccle
  •  Finaccle lays a groundwork for your business.
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THREE STEPS FOLLOWED BY FINACCLE


1. Collect the documents relevant for registration.

2. We shall apply for registration on your behalf.

3. You can get registration in no time.



Introduction



A Private Limited Company is a privately held small business entity. The liability of members of a private limited company is limited to the number of shares held by that member.

A private limited company is governed by Companies Act,2013. It is compulsory to add private limited (pvt ltd) to the name of a private limited company India. If a private limited company faces financial risk, its shareholders are not liable to sell their individual assets i.e., they have limited liability.


overview

In India, a Private Limited Company can be registered with a minimum of 2 shareholders (also known as subscribers). However, the maximum number of shareholders can’t be more than 200. However, after amendment in Companies Act, 2013, there is no minimum capital limit now.



Features of private company



  •  The liability of each member or shareholder is limited. The personal, individual assets of the shareholders are not at risk.
  •  Since the public is not asked to subscribe for the firm's shares, a prospectus is not necessary in the case of a private limited company.
  •  It is mandatory for all private companies to use the word “private limited” after its name.
  •  A private limited company comes into existence with a minimum of 2 shareholders. There is no upper limit for the member requirements.
  •  A Private Limited Company has a legal identity which is considered distinct from its shareholders and directors.

features



Eligibility criteria


  •  Minimum 2 director
  •  Director and Shareholders may or may not be the same persons
  •  Minimum capital requirement is NIL
  •  One Director must be a Resident Indian
  •  DIN of the directors
  •  Digital Signature of subscribers and directors
eligibility


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Benefits



benefits

Limited Liability: A private limited company's shareholders have limited liability.

This means that as a shareholder, you will only be responsible for the company's liabilities to the extent of your contribution.

Because the shareholders have no personal liability, they are not required to pay the company's liability out of their own funds.

Easy raising of funds: Even though registering a PLC comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.

Trustworthiness: The Companies Act of 2013 requires companies in India to register with the Registrar of Companies (ROC). The Ministry of Corporate Affairs (MCA) portal allows anyone to check the company's details. During the formation of the firm, all the directors' information is also submitted. As a result, a Public Limited Company structure is more trustworthy.

Perpetual Existence: A company has 'perpetual succession,' which means that it will continue to exist until it is lawfully dissolved. Because a company is a separate legal person, it is unaffected by the death or termination of any of its members, and it continues to exist regardless of membership changes.
 

Required documents



  • Passport sized photographs of all the directors
  • E-Mail ID
  • Contact Number
  • Identity Documents of all the Directors:
    • Aadhar Card
    • Pan Card
    • Passport/National Identity Card (In case of foreigner)
  • DIN (Director Identification Number) of all the Directors
  • DSC (Digital Signature Certificate) of all the Directors

documents
  • Address proof of the premises:
    • If Rented: The Rent Agreement or Consent letter/No Objection Certificate
    • If Owned: SMC Vera bill/Light bill (Not older than two month)
  • Self-declaration about the directorship in other companies 
  • MOA (Memorandum of Association)
  • AOA (Articles of Association).
  • Description of proposed business activity and other additional activity which a company may pursue
  • Authorized and Paid up capital & sharing proportion of subscribers

Process



1

Verification of document

2

Application for Name Approval (online RUN WEB Application on MCA Portal)

3

Obtaining DSC (Class-2) and DIN as required above. However, in new companies DIN can be obtained within SPICe + facility for upto 2 directors

4

Incorporation of company along with filing of e-MOA and e-AOA

5

Providing you Certificate of Incorporation

6

Filing of Commencement of business certificate after 180 days


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Glossary



Board of Directors
The governing body of a corporation who is elected by shareholders. The directors are responsible for selecting the officers and the supervision and general control of the corporation.

Certificate of Incorporation
A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation

DSC
The DSC (Digital Signature Certificate) is an instrument issued by certifying authorities by which you can sign electronic documents as all documents needed are electronic.

Dissolution
The statutory procedure that terminates the existence of a domestic corporation.

Incorporation
The act of creating or organizing a corporation under the laws of a specific jurisdiction.

Limited Liability Company (LLC)
Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in the company.
 




Why finaccle




why-us
  •  Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
  •  You get all Financial, taxation, Accounting, and legal solution under one roof.
  •  At Finaccle, we help our clients by providing tailor-made solution for Private Limited Company Registration.
  •  With us, you will be well on your way to forming your own private limited company.
  •  It is recommended that you consult with the experts and make the finest decision for smoother growth.


FAQ



No, a private limited Company cannot invite the general public top to subscribe to the company shares.

Yes, a small business can get its business registered under private limited company registration in India. It gives them credibility and a positive image of their company in the eyes of financial institutions, suppliers, and future clients. It assists the organization in obtaining loans with minimal compliance from banks or potential clients when going into contracts.

Yes, sole proprietorship can be converted into private company registration after following the companies act, 2013 procedures.

Yes, we can easily change the registered office of the company any time after the specified procedure is completed. The changed address can be situated within the same state or in a different state, depending upon the conditions.

A private limited company needs a minimum of 2 directors and a maximum of 15 directors to register a company.



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What they say about us




Abhishek Taliya

Quick response to any query. Excellent services and Extremely polite and professional staff.
Abhishek Taliya, 3Tee Elastic Private Limited

Shreyansh Kothari

Best in business in their respective fields
Shreyansh Kothari, K Lal

Abhishek Gotawala

Great service by Team of Finaccle. Their execution method is amazing. Would love to continue with them in future!
Abhishek Gotawala, Harikanta Overseas Private limited

Mr. Sharma

It's good to work with Finaccle's Advisors. Perfect and Reliable.
Mr. Sharma, Ganesh Weaving



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