Best Private Limited Company Registration in Chennai | Pvt Ltd Registration

Private Limited Company Registration

Are you ready for registering your new company? The new company registration services online possess some important LTD Incorporation procedure. We at aanoorglobal are specialized in business registration services. The Company formation in India is now made easier through aanoorglobal! Found out here.

Private LimitedCompany Registration (Includes)

•  Digital Signature for Two Directors
•  DIN for Two Directors
•  Certificate of Incorporation
•  Memorandum and Articles of Association
•  Company e-PAN, TAN
•  GST Registration

What is a Private Limited Company

An LTD or Private Limited Company is a small business entity which is held privately. It is also one of the legal structure options for every business in India. An LTD should possess about two to fifty members, and the private limited company directors have limited liability to the creditors. If there are any defaults, the creditors or bank only have the right to sell the assets of the company, but they cannot sell the directors personal assets.

Growing companies and start-ups choose a private limited company as it’s easy to raise fund outside, limit the shareholder’s liability and help them to provide employee stock option to make use of their talent.

Benefits of a Private Limited Company:

• Easy to redistribute and allocate shares to directors and investors.
• Provide the partnership firm flexibility and the benefits of a public limited company.
• Easy to wind-up or dissolve.
• Preferred by VCs, investors, and banks.
• A separate legal entity that limits your liability.
• Easy to manage, register, and run.

The concerns related to Pvt Ltd:

• A minimum capital of INR 1 Lakh is required.
• Pvt Ltd Company needs ROC compliance, which translates into an extra cost of INR 5000 to 10000 per annum.
• Private company can have about 200 members.

Minimum Requirements for business registration services:

• 2 Directors
• 2 Shareholders
• Minimum 1 Lac share capital.
• Anyone or more of your Director need to be a resident of India.

Documents required for new company formation:

• The director’s Passport size photograph.
• Copy of rent agreement in case of the rented property.
• Water/Electricity bill for place of business.
• Landlord NOC
• Copy of directors PAN card.
• Copy of director’s identity proof.
• Copy of director’s address proof.
• Comply of property papers in case of owned property.

How to register a private limited company?

The private limited company incorporation procedure is simple with aanoorglobal! Here are five simple steps to register a company.

Approving your business name:

Make sure you offer two different options for your business name to the MCA so that one of your names will be selected. The name provided needs to be suggestive and unique of the company businesses.

Application for DSC

The very first step is to make sure the partners have applied for the Digital Signature, which is an online signature that is used for filling. If the directors already hold a DIN and DSC, then continue with the next step.

AOA and MOA submission

You need to draft Articles of Associate and Memorandum of association once your name for a business is approved. Both AOA and MOA are filed with the MCA along with the statement of subscription.

Get private limited company incorporation Certificate

It would take at least 5 to 10 days to get approved for starting a private limited company. You should get an incorporation certificate as it is one of the absolute proofs that your business is real and this also holds your CIN number.

Opening of Bank account and Commencement of Business

Once you have received the incorporation certificate and other necessary registration documents. You can submit all these with a bank to open your business account and should bring paid up capital from the subscribers. The subscribed share capital should be reflected in Bank statement and the same to be filed e-form for commencement of business along with board resolution with Registrar of Companies.