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Private Limited Company Registration
Private Limited Company Registration at Finetax
Private Limited Company Registration is the process of incorporating a company with limited liability, separate legal entity, and perpetual succession. It is the most popular form of business entity in India, as it provides several benefits, such as limited liability protection, ease of raising capital, and access to various government schemes and incentives.
Our CA firm offers comprehensive Private Limited Company Registration services to help you establish and grow your business. We begin by understanding your business objectives, ownership structure, and other requirements, and then guide you through the entire registration process, from name reservation to obtaining the certificate of incorporation.
What is a Private Limited Company?
A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
What are the advantages of Private Limited Company Registration in India?
1. Limited risk to personal assets – The shareholders of a private limited company have limited liability. This means that as a shareholder you will be liable to pay for company’s liability only to the extent of the contribution made by you. The shareholders do not have any personal liability and hence need not pay for the company’s liability out of their own assets.
2. Legal Entity – A private limited company has a separate legal entity different from its directors and shareholders. This means that the company is responsible for the management of its assets and liabilities, debtors and creditors. The shareholders will not be held responsible for the losses of the company. So, the creditors cannot proceed against the directors or shareholders to recover the money.
3. Raising Capital – Even though registering a private limited company comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
4. Trustworthiness – Companies in India are registered with the Registrar of companies (ROC) under the Companies Act 2013. Anyone can check the details of the company through the Ministry of Corporate Affairs (MCA) portal. Also, details of all the directors are provided while the formation of the company. Hence a private limited company form of business structure is trusted more.
5. Continue Existence – A company has ‘perpetual succession’, i.e. continue or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or cessation of any member but continues to be in existence irrespective of the changes in membership.
Our Services includes
We help you choose a unique and appropriate name for your company and reserve it with the Registrar of Companies.
MOA and AOA Drafting
We draft the MOA and AOA, which contain the objectives, rules, and regulations of the company, and ensure compliance with legal requirements.
Digital Signature Certificate
We obtain DSC for the directors of the company, which are required for the registration process.
Filling of Forms
We file the necessary forms with the Registrar of Companies, including the application for incorporation, MOA, AOA, and other documents.
Obtaining Certificate of Incorporation
We obtain the Certificate of Incorporation, which serves as proof of the registration of the company.
Director Identification Number (DIN)
We obtain DIN for the directors of the company, which are required for the registration process.
Other Related Services
Explore other services offered by Finetax
LLP Registration
To register a Limited Liability Partnership (LLP) in India, you need at least two designated partners, one of whom must be a resident of India. You'll need to obtain Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for all designated partners. Additionally, the LLP name must be unique, and you'll need to file an LLP agreement and provide proof of the registered office
Public Limited Company
A public limited company (PLC) is a type of company that is allowed to offer its shares to the general public, and its shares are typically traded on stock exchanges. This structure allows for broad public ownership and facilitates raising capital through the sale of shares. PLCs are subject to greater regulatory scrutiny and disclosure requirements compared to private limited companies.
Partnership Firm
A partnership firm is a business structure where two or more individuals agree to manage and operate a business together, sharing in the profits and losses. This structure is governed by the Indian Partnership Act, 1932, and involves a formal agreement, often called a partnership deed, outlining the terms of the partnership.
One Person Company
A One Person Company (OPC) is a type of private limited company in India where a single individual acts as both the sole shareholder and director. Introduced under the Companies Act of 2013, it allows a person to enjoy the benefits of a company, like limited liability and separate legal entity, while operating as a single owner.
FineTax provide Audit & Assurance,Taxation and legal services at one roof with complete solution for small and medium size business across the world.
