How to start a private limited company?
In India, you can start your company by using an agency. This will make sure that you follow the right process and channels to start your company. There are specific processes and documents involved if you want to start your company. The first stage to starting your company is to register the business name. This is a process that can take 1 or 2 days. You can choose to start a one-person company or a private limited company in India. Our organization offers professional services if you want to start your company. We offer special services to organizations and entrepreneurs looking to start a company.
Getting help with starting your private limited company
In India, there is a simple procedure for incorporation of private limited company. This is because it can be challenging to start a new company in the country. There are various legal and financial requirements that you have to meet. However, if you get professional guidance, this entire journey can be a fast and simple one. You just need to get the right support to help you with this process. An agency can offer you with the right guidance to start a company.
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Private Limited Company Incorporation Guide
Eligibility for incorporation of private limited company
Before starting your PLC company in India, you will need to pass the eligibility check. We also help new companies through this process. The checklist includes:
- The required number of company directorship
- The needed number of company shareholders
- At least one of the company directors should reside in India
- Your office should be registered within your location of business
- Your company’s MOA should be available
- You need a takeoff capital to support your business operational
Documents required for the Incorporation of private limited company
When looking to start a company in India, you need certain documents to get approved. You need to provide all required documents. When you submit all the required documents, you will be able to meet the basic requirements of this process. This makes it simpler and faster. Depending on your type of business, you may need to bring certain documents. However, there is a basic list of the documents to provide. These includes:
Proof For Directors/Shareholders
- PAN card (A Must Proof)
- Passport Scanned copy (if foreign nationals & NRIs).
- Aadhar Card Scanned copy (Details of Spelling of the Name and D.O.B must be similar in Aadhar and PAN if not it has to be changed before applying for ROC)
- Aadhar Card or Driving License or Voter ID
- Recent bank statement or electricity bill or Telephone bill as Residency Proof
- Passport size photo seamless white background
Address proof of Business Property
- The Rental Agreement must submit the notarize scanned copy. Agreement must be written in English and other languages are not accepted
- Recent Bank statement or Telephone or Mobile Bill or Electricity or gas bill Scanned copy of anyone.
Scanned copy of NOC – No objection certificate from the property
In India, there are steps involved to start a company. These different steps make up the total process. To start your company, you will have to complete this process. It includes:
- Choose the right type of business.
- Register your business
- Get all licenses and permits for your business
- Get a business bank account
- Comply with all necessary regulations
- Start your business
Our services for incorporation of a company
When it comes to starting your company in India, you need our services to ensure a smooth process. This is because it can be quite rigorous and complex to start your company without any professional help. If you choose us, you get a unique and cost-effective package to help you start your company. We will help you handle all legal processes to ensure very fast approvals and quick set up of your business.
- DSC & DIN of two Directors
- Name Search & Approval
- Drafting MOA & AOA & Declaration
- Submit the Spice Plus form to The Registrar of Companies (ROC)
- Government Fees (Reg. Fee & Stamp Duty)
- Pan & Tan Card for the company
- Issue of Certificate of Incorporation
In India, all new companies must adhere to post-incorporation compliance. If your company complies with all rules, it will run smoothly and grow easily. There are numerous regulations to comply with once you start your business. It is also important to note that each of these regulations also have due dates. This means the date after incorporation when this event is supposed to happen. These compliances are executed according to due dates. Available due dates for these activities include 30, 60, and 180 days. There are some other compliances that do not have any prescribed due date.
- Opening Bank Account (Current Account)
- File INC-22 (Within 30 days of Incorporation)
- Appointment of First Auditor (Within 30 days of Incorporation)
- Subscribed Capital (Within 60 days of incorporation)
- Issue of Share Certificate and Fee payment (Within 60 days of incorporation)
- INC-20A Submission
(It is a declaration form that must be submitted by the company’s directors within 180 days of its establishment i.e., from the date of issue of COI) - GST Registration
- MSME Registration
- Startup India Recognition (DPIIT Registration)
In India, it can take between 10 and 18 days to register your private limited company. It can only take this long if you submitted all the required documents without any hitches. Then again, the actual timeline tends to vary due to different factors.
All About Private Limited Company
About a private limited company
The private limited company is a legal entity that is formed for a specific purpose such as to make profits. There are different types of companies in India. A company has a structure that is legally independent from its founders or owners.
Private limited company: Structure
This private limited company structure defines the way it directs its daily affairs in order to meet its objectives or goals. This structure can be used to define the responsibilities, roles, and rules of the business. It is important for companies to have a unique structure because it allows them to be effective and efficient.
Advantages of a company
- All shareholders have limited liabilities
- The company can employ its shareholders
- A company can do business in any location.
- Starting a company means easy access to more capital.
Disadvantages of a company
- A company can be very expensive to start
- A company has to make its financial affairs known to the public
- A company can suffer bankruptcy as a result of high tax rates
Let’s us help you to start your PLC now
We help our clients avoid all the pitfalls and successfully start their companies in India. We have many years’ experiences guiding new companies on the requirements of each process. Since there are many options available to start a business in India, you need our help to determine which option is suitable for your company. Our services ensure that you do the right things to get successful and quick business approvals.
Frequently Asked Questions
- Obtain Director Identification Number (DIN) for all directors.
- Get Digital Signature Certificates (DSC) for online filings.
- Choose a unique company name and apply for approval.
- File the SPICe+ form with required documents, pay fees, and obtain Certificate of Incorporation (COI).
Documents such as the Memorandum of Association (MOA), Articles of Association (AOA), proof of the registered office address, and proof of address identification verification of directors are required.
When you file the application, the process usually takes 15 to 20 days, depending on the Registrar of Companies’ (RoC).
The fees change according to the company’s capital. If you choose to engage with a consultant, there are additional costs for professional fees and name reservation digital signature certifications.
Definitely, A foreign national may serve as a limited company’s director. To their counterparts, they will need to obtain a Director Identification Number (DIN) and a Digital Signature Certificate (DSC).
Yes, you need to provide the address proof of a registered office during the incorporation process. It can be a residential or commercial space if rental you need to provide NOC from the owner of the building and other related bills to be pinned proof of evidence.
It can be difficult to handle the paperwork for this process. We have trained experts that can efficiently handle this task.