Reasons to Register a Pvt Ltd Company
-
Easy Fund Raising
-
Fundraising from external sources easier
-
Banks prefer to provide funding to a company rather than partnership firms or proprietary concerns
-
-
Separate Legal Existence
-
Members (Shareholders/Directors) have no personal liability to the creditors for the company's debts
-
Range of legal capacities including the opening of a bank account, taking on equity, etc
-
-
Easy Transferability
-
Ownership of a business can be easily transferred by transferring shares
-
Documents required
-
PAN Card of shareholders and Directors.
-
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors
-
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors
-
Latest photograph of Shareholders and Directors
-
Latest Electricity Bill/ Telephone Bill of the registered office address
-
NOC to be obtained from the owner(s) of registered office
-
Rent Agreement of the registered office
Minimum Requirements
-
Minimum 2 Shareholders
-
DSC (Digital Signature Certificate) for Promoters
-
Minimum 2 Directors. Only an Individual can be a director
-
One of the Directors must be Indian Resident
-
Directors and shareholders can be the same person
-
DIN (Director Identification Number) for all Directors
Final Deliverables
-
DIN for Directors
-
Company Name Approval
-
MOA + AOA
-
Incorporation Certificate
-
Company PAN Card
-
Company TAN/TDS Number
-
Bank Account Opening Document Support