Private Limited Company Registration

Private-limited-company-registration

A Private Limited Company (a private corporation) is referred to as a business entity owned by a limited number of shareholders and those shares cannot be publicly traded. In Private Limited companies, the directors have restricted liabilities to creditors. Many startups favor Private Limited Company Registration as it is a common form of business structure and brings superb advantages including easy fundraising from outsiders, limited shareholder liabilities, reduced compliance with the Companies Act 2013, and many others. Registering Private Limited Company with Darshan Corporate Pvt. Ltd is the utmost choice as we provide cost-effective Private Limited Company Registration services and solutions to all the growing businesses in India.

The nitty-gritty fundamentals of registering Private Limited Companies with Darshan Corporate Pvt. Ltd..

Requisite documents:

• Pan Card copy of the directors.
• Passport-size photographs.
• Copy of voter ID card/ Aadhaar card.
• Copy of rent agreement, if the property is rented.
• Property papers, if owned property.
• Utility bills e.g. Electricity bill/ water bill.
• A scanned copy of the property owner's NOC.

Step-by-step procedure of registration:

After collecting and submitting all the necessary documents, the process for Private Limited Company registration starts in certain step-by-step ways. Read the following proceeding steps to learn more.

Step 1: Obtain DSC and DIN

The very first step is to obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN) to confirm the authenticity of the documents and the identity of the directors

Step 2: Verification and Name Approval

All the details or documents you previously provided are processed for verification. Now, comes the unique and eye-catching name of the company. A business must provide a catchy name that is not used by the Registrar of Companies (ROC). It is essential to make sure that the name you chose should align with your business offerings.

Step 3: Document submission

Once the name is selected, submit it with other documents to ROC for further incorporation.

Step 4: Company Incorporation

Once your application is approved and verified. You’ll get a company incorporation certificate along with PAN and TAN. Now, your company is registered as a Private Limited Company.

What benefits of a Private Limited Company registration can be availed by startups?

Credibility: Registration of the enterprise with a Private Limited Company helps to establish transparency and credibility among vendors, lenders, and employees.

Easy funding: Private Limited Companies have easy access to equity funding because there is a distinction between the directors and shareholders. Consequently, private limited companies can raise money/ funds more simply than other business structures.