A) Private Limited Company to be Incorporated under Companies Act, 2013
Private Limited Company is a suitable device for starting up a buisness of family or small scale concerns. It’s a company with zero minimum paid up share capital.
Incorporation gives you a professional status and also Registering the Trademark of your company will help you to safeguard your identity and restrict others from using it.
B) Benefits of Incorporation of Private Limited Company
Separate Legal Entity
Private Limited company will be considered as a separate legal entity where the assets & liabilities of the business and directors are not same. Company will be considered to be a legal person and also holds the Right to Sue a third party incase of any dispute or default arises
Limited Liability
The liability of the company is limited.The personal assets of the members will not be used even for unpaid debts. If the company is facing financial crisis, only the profit earned, shareholding, and assets of the company will be used to pay back their loans.
Easy Fundraising and Loans
Easy accessible procedures for loans and fundraising through bank, venture capital and Angel investors for Private Limited Company.
No Minimum Capital
You can start up your Private Limited Company with zero paid up capital. Now capital can not stop you from starting your business.
C). Documents required for Incorporation of Private Limited Company.
ID Proof
Aadhar / Voter ID / Driving licence / Passport of Directors and Shareholders
Address Proof and Utility Bill
The Address proof of the Directors, shareholders along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
Photos
A photo Copy of the respective Directors and shareholders.
PAN
The PAN card of the respective Directors, shareholders and designated authorities of the company.
DSC
Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of e-filing with the Register of Companies.
NOC (Owner/Landlord)
No objection certificate by the owner / landlord must be enclosed.
Additional Documents
In case of any Non Resident Indian (NRI) or Foreign National Directors the relevant documents must be notarized and apostilled for certifying documents.
DIN
Directors’ Director Identification Numbers (DINs)
MOA
Company’s Memorandum of Association (MoA)
AOA
Company’s Articles of Association (AoA)