Private Limited Company Registration

Company Incorporation Procedure in Pune

MSME Registration Pune, StartUp Registration Pune

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Private Limited Company

A Private Limited Company is distinct from members forming it and is a juristic person that is governed by the provisions of the Companies Act 2013. It is one of the most preferred form of legal entities by startups and growing businesses. One needs a minimum two members to incorporate a Private Limited Company. It is a distinct person from members forming it, hence the liability of shareholders is limited and no loss/dues of company can be recovered from the property of the shareholders. Business can be started only after registration with Registrar of Companies (set up by Ministry of Corporate Affairs) and receipt of Certificate of Incorporation.

Benefits of Private Limited Company

  • Distinct Legal Entity
  • Limited liability of shareholders
  • Easy funding through issuing shares or debentures
  • Easy expansion options – can be converted to public limited company
  • Managed by directors but decision making power is in hands of shareholders solely
  • Mandatory statutory meetings, audit & compliances help to keep a strict check on potential frauds or errors

Requirement post Private Limited Company Incorporation

  • PAN and TAN application
  • Bank Account
  • Business specific licensing and registration – FSSAI, RERA, GST, PT etc.
  • Maintaining proper books of accounts
  • Statutory audit annually
  • Filing of income tax return annually
  • Annual filing with ROC

Documents needed to incorporate Private Limited Company

  • PAN of Indian Directors
  • Identity proof of Foreign Director, if any – Passport
  • Identity proof of Individual Shareholders.
  • In case of shareholders other than individual, Certificate of incorporation/deed/any proof of its legal existence along with resolution passed by members/partners to subscribe for shares of such company under incorporation is required.
  • Address proof of Indian Directors – Aadhar Card, driving license, passport, voter id card, latest utility bill etc.
  • Address proof of Foreign Director, if any – Government issued identity card, bank statement, latest utility bill, driving license, etc. notarized or apostilled. In case such document is in any foreign language then it must be first translated to English and then notarized or apostilled.
Registered office proof of Company (as follows)

In case place is owned by any of the Shareholder/Director - Latest utility bill clearly showing name of owner and NOC from owner allowing to use the place for running the business

In case place is rented-Rent agreement, latest utility bill clearly showing name of owner and NOC from owner allowing to use the place for running the business

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