Private Limited Company Registration in just 7 Days

Any business person who would want to establish an authenticated entity set up, would prefer a Private Limited Company over other types of organisations. The predominant reason is that, there are more privileges given to the Private Limited Companies encouraging the start-ups to establish a concrete business structure. It would also financially be feasible for the start-up business units as there is no minimum paid up capital requirement to incorporate a Private Limited Company. It requires 2 Shareholders and 2 Directors to start the process of incorporation. The credibility of the business will be enhanced with the status of a Private Limited Company.

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Documents Required for Registration of Private Limited Company

The following documents are required for the Incorporation of a Private Limited Company
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PAN Card details of all the potential Shareholders and Directors

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Aadhaar Card details of all Directors and Shareholders

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Proof like Bank Statement or Electricity Bill of all the potential Directors and the Shareholders

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Proof for company address like Electricity Bill or Water Bill or Phone Bill

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Rental Agreement or Lease Agreement is required as a proof for rented or leased place

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Driving License or Passport or Voted ID card for the Directors or Shareholders.

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Passport size photos of the Directors and Shareholders

Checklist for Private Limited Company Registration

Following are included in the basic checklist of the Private Limited Company registration:
Unique Name

The business name should be unique and should not be similar to any existing company either phonetically or in spelling. It should also be ensured that the proposed name is not similar to any registered or pending trademark or should not be infringing on the Copyrights Act or the Indian Trade Mark Laws or violating any other provisions of any intellectual property legislation in force in India.

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Minimum 2 Directors

Minimum 2 shareholders and 2 directors are required to register a Private Limited Company. In case the shareholders are Foreign Nationals, then notarised and apostilled documents will be required. Maximum of 3 Directors who does not hold any DIN previously will be allowed in the incorporation application. Further Directors could be added upto a maximum of 15 post incorporation.

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Registered Office Address

Incorporation can be done with a rented property after obtaining proper permission from the landlord along with a No Objection letter and entering into a rental agreement with the proposed name of the Company. In case if property is owned by any of the Directors or Shareholders, then rental agreement shall be entered between such owner Director/Shareholder and the proposed Company. Location of the business place is one of the key factors for deciding on the Government fees for the incorporation as the stamp duty will vary according to the State.

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Capital Requirement

Though there is no minimum paid up capital requirement under the Law, investing atleast a nominal amount would account for a good start for the business. Whatever paid up capital is being specified shall be deposited into the current account of the Company once the incorporation is completed. However, the Government charges will vary according to the Authorised Capital of the Company.

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Business Objective of the Company

The Company shall have a defined and definite business which shall be described in more precised manner. Multiple line of business shall not be entertained at the instant of incorporation. However, various business could be added in the future after the incorporation of the Company.

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