One of the most frequently suggested options for beginning a business in India is to form a private limited company, which gives its Stockholders limited liability while imposing certain ownership restrictions.
Looking for company registration? Get in touch with our experts
The benefits of creating a private limited company
There are various advantages to incorporating a business. By doing so, you strengthen your company’s trustworthiness, which can lead to higher consumer trust. Furthermore, company registration can provide a variety of benefits that can assist your firm in growing and succeeding.
- Personal liability, as well as other risks and damages, are protected.
- Increase your customer base.
- Get bank loans and attractive investments from reliable investors with ease.
- Provides liability insurance to protect your company’s assets.
- Increased capital contribution and stability
- Increases the possibility for large growth and expansion
Need A Legal Advice
The internet is not a lawyer and neither are you. Talk to a real lawyer about your legal issue
Procedure for registering a private limited company
Step 1: Approval of the RUN Name
The first step in forming a corporation is to register the name you want to use. To reserve a name for your business, you must first file a name approval request to the Ministry of Corporate Affairs (MCA). In your application for name permission, you may provide one or two proposed names and a description of your business aims. If your first choice is not accepted, you may submit one or two more names. The MCA typically approves name requests within five business days.
Our professionals can assist you in selecting the best name for your business and guiding you through the government registration process.
Step 2: Directors’ Digital Signature Certificate (DSC)
Traditional signatures are not accepted by the MCA in India. Rather, all MCA filings must include a digital signature authorized by an Indian certification authority. As a result, digital signatures are required for directors before the incorporation of the firm.
Lead India will obtain a digital signature certificate (DSC) for the directors from a certified organization.
Step 3: Submit the Company Incorporation Application
Submit the incorporation application in the SPICe form, along with any required attachments, to the MCA after getting the appropriate digital signatures. The Memorandum of Association (MOA) and Articles of Association (AOA) of the company are included in the incorporation application. If the MCA finds the incorporation application to be complete and acceptable, the firm will be issued an incorporation certificate as well as a PAN. All incorporation applications are typically approved by the MCA within five business days.
Lead India, as your trusted legal counsel, provides a cost-effective solution for registering your company in India. We handle all legal procedures and ensure that the Ministry of Corporate Affairs (MCA) requirements are followed. We give you an Incorporation certificate (CoI), as well as PAN and TAN documents, upon successful completion of the pvt company registration process. With them, you may easily open a current bank account and begin your business operations.
What you need to do to form a private limited company
- Directors and Members
- The Company’s Name
- Registered Office Address
- Getting Additional Documents
Why should you choose Lead India to register a private limited company?
With the help of Lead India, you may register your private limited company entirely online and from the comfort of your own home. Within 14 days, our professionals can finish the entire incorporation process.
The Lead India company registration services include:
- DSC and DIN for two Directors
- MoA and AoA drafting
- Stamp duty and registration fees
- Certificate of incorporation of a company
- Company PAN and TAN
- Current account with a zero balance
You can start the process of founding your private limited corporation by following these steps. It is best to obtain professional help to make educated judgments and ensure smooth progress.