A Private Limited Company is a legal entity, minimum two or more persons required to form a private limited company. The shareholders can keep their assets separate from their business hence personal assets are not liable to the companies default. The liability of the shareholder is limited to the capital paid and the company is different from its members. Solubilis corporate services provide private limited company registration at affordable cost all over India. Solubilis provides the expert guidance and we make your registration process as simple and easy without any erroneous.
Private Limited Company has a perpetual life span even the companies not exist but in the eyes of law a company keep on exist
There is no minimum capital requirement.
There is no Private subscription like a Private limited company, so need not to issue any prospectus or any detailed statement of the company
Private limited company managed by the board of directors
Registered company should mention their company name suffix as “private limited”.
Minimum two directors and shareholders required.
Proposed company is required to have registered office.
Authorised and Paid capital to be decided.
Every subscriber and Directors required to have a DSC (Digital Signature Certificate)
Every Directors required to have a DIN (Director Identification Number)
Proposed director & Shareholder - Indian Citizen:
Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill or Mobile bill(Latest of Two months)
Passport Size Photo.
Proposed director & Shareholder - Foreign National:
A Copy of Passport ( Notary and Apostille is required )
A copy of address proof ( Notary and Apostille is required )
A copy of nationality proof ( Notary and Apostille is required )
One passport size photo
Register Office documents:
If the Office is rental, rental agreement is Mandatory
Electricity bill (Not more than two months old required to be submitted)
A Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.
Step 1: Name application:
An application for reservation of name of the company with the registrar of companies to be filed. Applicant is allowed to provide two names and one re-submission.
Step 2: Name Approval / Rejection:
On receipt of the application, CRC (Central Registration Centre) may either approve or reject the application.
Step 3: Application for DSC
Digital Signature Certificate to be obtained for all the subscribers and directors of the company
Step 4: Preparation of MOA & AOA
Every company must draft the MOA and AOA, and it’s a mandatory to attach the digital signature certificate in both documents.
Step 5: Forms and Documents Filing:
Application for Registration of private limited to be filed along with MOA and AOA, if any, and other requisite documents and fees.
Step 6: Certificate of Incorporation:
On being satisfied, the registrar of companies (ROC) shall issue the certificate of incorporation, will be allotted DIN (Director Identification Number), PAN – (Permanent Account Number) and TAN (Tax Deduction Account Number)
Private Limited Company is a separate legal entity. Private limited companies have perpetual succession with limited liability i.e. the liability of the shareholders /Members of the company is limited only to the value of shares paid up by them.
Solubilis is the best service provider; we take 5-7 days to register the private limited company.
1. Certificate of Incorporation along with PAN and TAN Number
2. Memorandum of Association
3. Articles of Associations
Foreign nationals and Non Residential Indians (NRI’s) can register Private limited Company. Subject to foreign direct investment norms (Approval or Automatic route) set by RBI
No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. Both the LLP Act, 2008 and the Companies Act,2013 are silent about the matter and haven't done any amendments on the same. However, if you want to expand your business you can register a Private Limited Company with INC-29 which has simplified the process of registration.
Yes, a salaried person becomes the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
Authorised capital is the maximum amount of equity shares that can be issued by a company. Paid up capital is the amount of shares issued by the company to shareholders / Members. There is no prescribed minimum limit of authorised and paid up capital required in order to start a private limited company. Authorised capital can be increased to any limit even after incorporation of company and Paid up capital is the value of shares allotted to the shareholders / members.
Normally registration of private limited takes 7-10 working days. But the processing time varies subject to the provision of documents by client and the time taken by government for approval.
There are two types of a private limited company:
Private company limited by guarantee, which is a company without shares but is guaranteed by the members who agree to pay a fixed amount of capital in the event of the company liquidation.
Private company limited by shares, herein the company has shareholders with limited liability and its shares are not generally offered to Private.
GST is not mandatory for private limited provided the turnover in a year should be within 40 lakhs in case of manufacturers and traders, 20 Lakhs in case of service providers and No existence of interstate sale i.e. Sale between state to state.