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Absolutely satisfied with the approach and the way in which my private limited company incorporation process was handled. Clidel is professionally very sound and the executives are thorough with the procedure, being in a position to answer all your questions. My entire interaction was online and over the phone, being stationed outside India and not once did I face any difficulty. I recommend Clidel for all your company services.
A Private Limited company is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013. It is the most prominent business structure currently in India.
A private limited company must have a minimum number of 2 members and a maximum of 200 members or shareholders. There is no minimum capital required in private limited company and Rs.5 Lakhs in case of a public limited company.
It must have a minimum of 2 directors and a maximum of 15 directors. Amongst the directors in the business at least one must be a resident of India.
Even foreign nationals, NRI’s are allowed to be shareholders/directors of companies with Foreign Direct Investment (FDI).
A private limited company registration may be done online.
Step 1- Applying for DSC (the directors to get a Class 2 DSC (Digital Signature Certificate) to sign electronic documents after which DIN (Director Identification Number) can be applied for)
Step 2- Name search (Check if your preferred name for the company is available with the Ministry of Corporate Affairs (MCA). The name so selected will have to be as per the MCA guidelines with uniqueness and not illegal or offensive.)
Step 3- MOA and AOA drafting (On the availability of desired name with the MCA the Memorandum of Association and Articles of Association must be submitted for approval. On such approval after thorough scrutiny by the MCA the Certificate of Incorporation will be granted.)
Step 4- Preparing documents and uploading (Finally upon receiving the Certificate of Incorporation one can apply for PAN and TAN with the NSDL (National Securities Depository Limited) and go ahead with opening bank accounts and operation of business.)
Step 5- Approval for the company
FAQs On Private Limited Company Registration
1. What is Private limited company?
A kind of company that offers limited liability, or legal protection for its investors however that places certain confinements on its ownership. These restrictions are characterized in the company’s by laws or regulations(Legally known as Articles of Association) and are intended to counteract any unfriendly takeover endeavor.
2. For small businesses, what are the benefits of Private limited company ?
It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. As it makes easier for companies to get loans at favourable terms from banks or convincing potential clients while entering into deals.
3. Is there any qualification to become a director or shareholder in a Private Limited Company ?
Any individual can become a shareholder in a private limited company. For becoming a director in a company, no professional or educational qualification is required.
4. What is DSC?
DSC is known as DIGITAL SIGNATURE CERTIFICATE
5. What is DIN?
DIN is Known as Director Identification Number.
6. What are the articles of association ( AOA )?
The articles of association provide a framework for how the company should be managed by the directors. Amongst other things, they outline the directors’ powers to call board meetings and allot shares, and set out the rights afforded to shareholders. Most companies are set up using Model Articles, a government approved standard document, that can then be tailored to suit the company’s particular needs.
7. What is a certificate of incorporation?
This is a certificate issued by the Registrar of Companies House to document the incorporation of the company. The certificate will record the company name, number and the date the company is incorporated.
Phone : +91-8939 455 455
Email : support@clidel.com
Please note that Clidel Services private limited is platform for facilitating services through reliable professionals. The information on this website is for the purpose of knowledge only and should not be relied upon as legal advice or opinion.
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