Private Limited Company Registration in India is a popular option for businesses due to the limited liability protection it offers to shareholders and its separate legal identity.
Private Limited Company Registration Eligibility Criteria
- Directors: Minimum of 2 and maximum of 15 directors. At least one director must be a resident of India (i.e., stays in India for at least 182 days in a financial year).
- Shareholders: Minimum of 2 shareholders, which can also be the directors.
- Authorized Capital: The minimum paid-up capital requirement is ₹1 lakh (though no specific minimum capital requirement is mandated by law).
Procedure for Private Limited Company Registration in India
- Obtain Digital Signature Certificate (DSC): DSC can be obtained from government-authorized agencies like eMudhra.
- Director Identification Number (DIN): DIN is obtained during the incorporation process through the SPICe+ form.
- Name Approval: The name can be reserved using the RUN (Reserve Unique Name) service on the MCA portal.
- Filing SPICe+ Form (Simplified Proforma for Incorporating a Company Electronically): SPICe+ (Simplified Proforma for Incorporating Company Electronically) is a web-based form used for company registration.
- Drafting of Memorandum and Articles of Association (MOA & AOA): Memorandum of Association (MOA) defines the scope and purpose of the company. Articles of Association (AOA) lays down the internal rules and regulations governing the company’s operations. Both MOA and AOA must be submitted as part of the SPICe+ form.
- Submission of Incorporation Documents: Identity proof and address proof of directors and shareholders (Aadhaar card, PAN card, passport, etc.).
- Certificate of Incorporation (COI): Once all the documents are verified and approved, the Registrar of Companies (RoC) issues a Certificate of Incorporation.
- PAN and TAN Registration: Along with the Certificate of Incorporation, the company automatically receives its Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN), essential for tax filings.
Private Limited Company Registration in India is a popular option for businesses due to the limited liability protection it offers to shareholders and its separate legal identity.
Frequently Asked Questions
Edgexo Technology offers a comprehensive range of legal services tailored to the specific needs of startups and established businesses. Some of our services include incorporation, government registrations & filings, accounting, documentation, annual compliances, business formation, intellectual property protection, contract drafting and negotiation, regulatory compliance, mergers and acquisitions support, employment law guidance, and much more.
Edgexo harnesses the power of technology to streamline legal processes, improve efficiency, and enhance client experiences. Our platform integrates advanced algorithms and AI-driven tools to automate routine tasks, deliver real-time insights, and facilitate seamless communication between clients and their dedicated legal teams. This technology-driven approach enables us to deliver high-quality legal services with speed, accuracy, and cost-effectiveness.
Yes, Edgexo offers expertise in various industries and can provide guidance on industry-specific compliance requirements. Whether you're in finance, healthcare, or manufacturing, our team can help you navigate the regulatory landscape effectively.
Compliance management is crucial for businesses to avoid penalties, legal complications, and reputational damage. Staying compliant with regulatory requirements helps maintain business integrity and fosters trust with stakeholders.