Documents Required for Private Limited Company Registration in India

Private limited companies are considered to be one of the most widespread types of business entity in India. Private limited company registration is regulated by the Companies Act, 2013. There have to be at least two shareholders and directors for the incorporation of the private limited company. Now a day, the process of incorporation of the private limited company has become much simpler, owing to the changes brought in by the MCA (Ministry of corporate affairs).

Private limited companies are majorly formed to operate the small businesses. At the same time, it offers limited liability protection to its shareholders. The maximum number of shareholders, a private limited company can have is 200 and limits the shareholders from trading shares publicly.

It is majorly preferred by the upcoming startups and allows them to raise funds from the investors and venture capitalists.

If you are looking to set up your own private limited company, you just need to connect with swarit advisors. We have a team of professionals who work day in and day out to help people in starting their private limited company. Further, we will discuss “What you need to focus when Registering a Private Limited Company” The process of incorporating the private limited company, documents required for the private limited company Registration etc.

Step involved in the procedure of Private Limited Company Registration

There are certain steps that need to be followed to set up a private limited company. Below are the steps for the registration of private limited company-

·         Name approval of the company

The initial step is to come up with the name for the company. There is a RUN service provide by the MCA (Ministry of corporate affairs), which can be used for the name approval. You are allowed to propose two names for the company, out of which one will be selected and approved for the company.

·         Digital signatures

All the proposed directors of the company must obtain the digital signature, as all the documents required for the registration of private limited company has to be signed digitally.

·         Spice form

The next step is to fill the Spice form, where you will be filling the Memorandum of Association (MoA) and Article of Association (AoA) and both will be filed with the ministry of corporate affairs (MCA)p.

·         Incorporation of the private limited company

Once you submit the application of private limited company registration. You will receive a certificate of incorporation along with the PAN and TAN.

List of documents required for the registration of the Private Limited Companies

If you are planning to start your own private limited company, there is a list of certain documents that you need to keep altogether at the time of filing the application of private limited company registration.

·         Identity proof of all the proposed directors

1.       If you are an Indian national, you have to submit the copy of PAN

2.       In case of the foreign nationals, you have to submit the Notarized copy of Passport

·         For the address proof of the proposed directors

As the address proof of the directors, you may submit these following documents

1.       In case of the Indian nationals, you can submit the following documents: Passport, Driving license, election ID, Ration card, Aadhar card

2.       If you are a Foreign national then you have to submit the following documents: Passport, drivers’ license, Bank statement, Residence card

·         For the proof of office address

At last, you just need to submit the proof of office address and you need to provide the following documents

1.       In case of both Indian and foreign nationals, you have to submit the following documents: Bank statement, Electricity bill, Phone bill.

Hope you have the basic idea of private limited company registration by now. For more information, please contact swarit advisors.