Private Limited Company Registration in India
So as you can notice that multiple things vary depending on your business model, it becomes important to choose your business structure carefully. Here is a list of several things which vary with business structure:
Private Limited Company vs. LLP
However, one should also consider higher compliance and mandatory audit requirement, making it an expensive structure to maintain. :
Registration of Company is Simple with DailyFiling.
The process of company registration in India is revamped by MCA, effective from 26th January 2018. Now, registration of the company can be completed within 10-15 business days. DailyFiling employs qualified company secretaries and chartered accountants, who ensure the highest customer satisfaction and timely delivery of service. The entire process is managed online, with regular communication and assistance available throughout. We have clients in all major cities of India including Mumbai, Delhi, Bangalore, Pune, Ahmedabad, Hyderabad and more. And, Our services have equally relevant reach within smaller cities and towns in the country. :
Advantages of Private Limited Company Registration Easy Fund Raising.
Separate Legal Existence
Once the Company registration in India is done, a legal entity is born in the eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into a contract with parties. This also provides the right to sue third parties in case of any defaults.
Owners’ Limited Liability
The company’s obligation or debts does not create a charge over the owner’s personal assets. Their liability stays limited only to the capital subscribed and unpaid by them.
Management and Ownership Separation
The separate ownership and management help both – the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in the form of voting.
Documents required to register a Private Limited Company.
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport.
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement of the registered office should be provided if any
In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled