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Private Limited Company Registration in India A Comprehensive Guide

For individuals looking to start their own business, establishing a private limited company can be a strategic and beneficial option.private limited company Registration involves a series of steps and legal requirements that must be followed to ensure compliance with regulations. Understanding the registration process is crucial for entrepreneurs to protect their assets, enjoy tax benefits, and gain credibility in the market.

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Private Limited Company Registration in India A Comprehensive Guide

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  1. PRIVATE LIMITED COMPANY REGISTRATION IN INDIA A COMPREHENSIVE GUIDE www.kanakkupillai.com #PvtLtdRegistration

  2. What is a Private Limited Company? A Private Limited Company (PLC) is a type of business entity in India that is privately held by a small group of people. The shareholders of a PLC have limited liability, meaning they are only liable for the company’s debts to the extent of the amount they invested. Unlike a public company, a PLC does not have the right to publicly trade shares, ensuring greater control over ownership. www.kanakkupillai.com

  3. Prerequisites for Registering a Private Limited Company • Minimum Shareholders: At least two shareholders are required to register a PLC. • Directors: A minimum of two directors are required, and at least one director must be a resident of India. • Capital Requirement: There is no minimum capital requirement, but each shareholder must subscribe to a minimum of 1 lakh in equity shares. www.kanakkupillai.com #PvtLtdRegistration

  4. Step-by-Step Process for Registering a Private Limited Company • Obtain Digital Signature Certificate (DSC): The first step is to obtain a DSC for the proposed directors of the company, as all forms are submitted online. • Director Identification Number (DIN): Apply for the DIN for all the proposed directors. This can be done while filing Form SPICe+ (INC-32), which is used for company incorporation. • Name Approval: File the RUN (Reserve Unique Name) form to get the desired name of the company approved by the Ministry of Corporate Affairs (MCA). It is advisable to submit at least two names in order of preference to avoid rejections. www.kanakkupillai.com #PvtLtdRegistration

  5. Benefits of Registering a Private Limited Company Separate Legal Entity Limited Liability Perpetual Succession Ease of Fundraising Credibility www.kanakkupillai.com #PvtLtdRegistration

  6. Post-Registration Compliance • Commencement of Business Certificate: Within 180 days of incorporation, the company must obtain a Commencement of Business Certificate from the MCA, confirming that it has received the subscription amount from shareholders. • Statutory Auditors: The company must appoint a statutory auditor within 30 days of incorporation. • Annual Filings: A PLC is required to file annual returns with the ROC and submit financial statements and other necessary documents. www.kanakkupillai.com #PvtLtdRegistration

  7. Conclusion Registering a Private Limited Company in India offers numerous benefits, including limited liability, easier access to funding, and enhanced credibility. While the process involves several steps and legal formalities, understanding the requirements and following the correct procedures can lead to a successful and legally compliant business entity. By registering as a PLC, entrepreneurs can ensure that their business is well-structured and positioned for growth in the competitive Indian market. www.kanakkupillai.com #PvtLtdRegistration

  8. Contact Us If you're facing issues with Private Limited Company registration, contact Kanakkupillai for expert assistance! +91 7305 345 345 www.kanakkupillai.com support@kanakkupillai.com

  9. THANK YOU www.kanakkupillai.com

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