It is not only Commonwealth games where Indians are making noise, a few years old brands like Boat Lifestyle, Mama Earth, Plum Goodness are making audience excited at the global level. As we say Sky has no Limits, which means anything is possible and you can achieve anything if you really want to.
Do you also want to Incorporate a Company?
If yes, this article is for you. Basically, there are 3 types of companies out of which you can choose one of your choice.
Types of Companies
- One Person Company (OPC)
- Private Limited Company
- Public Company
Private Limited Company Registration is the most preferable type of business structure among all the three types of companies.
In this write-up you will read about advantages and the complete procedure of Online Pvt Ltd Registration.
Advantages of Pvt Ltd Company Registration
The Private Limited Company has some of the significant features mentioned below.
· The liability of all members of a Private Limited Company is limited.
· It enjoys the perpetual succession which means the company will continue to exist in the eyes of the law irrespective of insolvency, bankruptcy, or death of any of its members.
· The Private Limited Company is a Separate Legal Entity which means the Member of a company has no liability towards the creditors.
· After getting registered as a Private Limited Company, it gives a professional image to the business which helps to attract more customers.
· For entrepreneurs who are looking to raise funds coming from Angel Investors or Venture Capitalist Firm, Private Limited Company has some of the best routes like CCPS, Notes, Debt Funding, and others.
· Private Limited Company is also eligible for Startup India Registration which opens window to access website like InvestIndia.org and getting pool for funds and corpus created by the DPIIT.
· Having any business where import or export is involved, your vendors who are based outside India can easily get to know about you through MCA Website and it also builds reputation.
· India has become home to Startups and the same was reflected recently in the national television Sony TV where Shark Tank India was featured and startups from different parts of India came to pitch their business and get real time funding.
PROCESS OF ONLINE PRIVATE LIMITED COMPANY REGISTRATION.
Step 1: Name availability and Reservation
There are several guidelines provided by MCA to keep in mind while choosing the name of the proposed company. The department can reject the name if they find that it is undesirable or similar to the name of existing company or trademark. Once you finalize the name of the proposed company, file SPICe+ Part A for Name reservation
You can also file integrated Form SPICe+ Part B which includes name application from SPICe+ Part A
Step 2: Submit KYC Documents with other Relevant Information
The following documents are required to submit online for Incorporation of Private Limited Company.
Following Documents of all the Directors and Shareholders are required:
1.
PAN CARD (Mandatory ID proof)
2.
Aadhaar Card (Optional)
3.
For Permanent Address Proof
Self- attested copy of Voter Id/ DL/ Passport
4.
For Present Address Proof – self-attested copy of Bank Statement or Utility Bills (these documents shall not be older than two months from the date of filing Incorporation application)
Documents required of Company
1.
Authorised and Paid-up Share Capital of the Company
2.
Proof of Registered Address of the Company (Rent Agreement and utility bill)
3.
NOC from the Owner of the Property
Step 3: Other Relevant Documents
There are several other incorporation draft documents required to be attached along with the Incorporation Forms that:
DIR-2
Consent of Directors to act as the Director of the Company
DIR-8
Intimation by Director with respect to its Directorship and Disqualification, if any.
INC-8
Certification from CA/CS/CMA or Advocate in practice
Other Relevant Documents
Step 4: Submission of Incorporation Forms
Once all the Information and documents are compiled, we have to file the Incorporation Forms and submit it to MCA through https://www.mca.gov.in/mcafoportal/run/spice (MCA Portal). FORM SPICe+ is to be filed for incorporation which consist of several linked forms. All these forms shall be Digitally verified by the Director and the Shareholder of the Company respectively, through DSC along with Professional Certification wherever mandatory.
Step 5: Certificate of Incorporation
Once the above-mentioned procedure is complete, the CRC Department will do the scrutiny of submitted forms and if they find some limitation or shortcoming, they will mark the forms sent for resubmission and if ROC is satisfied with the information and documents provided by the applicant. The applicant will receive Certificate of Incorporation (COI) of the Company on Email (Company’s Email) along with PAN and TAN from NSDL in soft copy.
If you want to Incorporate a Private Limited Company in India, we at compliance calendar LLP have the team of professionals who can guide you throughout the registration process. If you have any query, feel free to reach us at 9988424211 or email at [email protected]
Pvt Ltd Company will need a minimum of 2 shareholders and 2 directors to do pvt.ltd company registration in India.
For more information kindly visit us: https://vedkee.in/pvt-ltd-company-registration/ or call us : +91-9999-756-111
In Pvt Ltd Company Registration in Indiranagar as you see that you have registered and running your private limited company, now it’s time to meet the compliance requirements to warranty safe operations of your business.
Here in this article, we will be explaining in step by step what are the accounting and auditing guidelines that are mandatory for private limited companies as set by the Ministry of Corporate Affairs (MCA).
This is the procedure of managing the compliances in addition it includes the selection of an auditor.
Here we have explained in detail a portion of the regular compliances which a private limited company needs to follow mandatorily: Appointment of Auditor: Pvt ltd registration consultants in Indiranagar an Auditor will be allocated for five years and form ADT-1 should be filed.
The primary Auditor will be assigned within one month from the date of incorporation of the company.Statutory Audit of Accounts: Every corporation will organize its Accounts and get the identical reviewed by a Chartered Accountant by the end of the financial year mandatorily.
The auditor will provide an audit report or the record and the evaluated fiscal statements to document it with the Registrar.Filing of Annual Return (Form MGT-7): All private limited companies are mandatorily essential to submit a document on their yearly return within 60 days of the period of organizing of the annual general meeting (AGM).
