Private Limited Company Registration
A private limited company is a company which is privately held for small businesses.
Benefits of Private Limited Company
- Ownership
- Minimum Number of shareholders
- Legal formalities
- Disclosing information
- Management & decision making
- Focus of management
- Confidential
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What is Private Company?
A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.
Procedure to register Private Limited Company
Once a name for the company is decided, the following steps have to be taken by the applicant
-
Step 1.Apply for DSC (Digital Signature Certificate) and DIN (Director Identification Number)
- Step 2.
Apply for the name availability
- Step 3.
File the MOA and AOA to register the private limited company
- Step 4.
Apply for the PAN and TAN of the company
- Step 5.
Certificate of incorporation will be issued by RoC with PAN and TAN
- Step 6.
Open a current bank account on the company name
Documents Required for Online Company Registration
- Share capital amount and proposed ratio for holding shares
- A short description of the company and the business
- Name of the city where the registered office of the company is located
- Ownership and sale deed (In case your own premise)
- Identity proof of the Directors and Shareholders (PAN Card).
- Address proof of the registered office (Electricity bill, telephone bill, etc.)
- Address proof of the Director or the Shareholder (Voter ID, Passport, Driving license, etc.)
- A duplicate copy of the latest electricity bill, telephone bill, or mobile bill for directors
- Occupation details of directors as well as shareholders
- Email address of the directors and shareholders
- Contact details of directors and shareholders
- Passport size photo of directors and shareholders
- In case the property is on rent then you need to submit a copy of the rent agreement with No Objection Certificate (NOC) from the landlord.
- Affidavits for non- acceptance
- NOC for a change in the original subscribers of MOA.
- MoA and the AoA subscriber sheets
- PAN Card of the company
- In case you are a foreign national subscriber then you need to provide Nationality proof
Mandatory ROC Compliance for Company
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Form INC-20 | The Company is require to declare the commencement of business within 180 days from the date of incorporation after depositing the amount of share capital into bank account of the company. |
| 2 | Form ADT-1 | The Company is require to appoint statutory auditor of the company within 30 days from the incorporation of the company. |
| 3 | Share Certificate | The Company is require to issue share certificate to its shareholder within 60 days from the allotment of shares. |
| 4 | DPT-3 | The company should file form DPT-3 with details regarding the returns of money and deposits with the RoC before 30th June every year |
| 5 | MSME | When the payment towards MSMEs is delayed beyond 45 days, the company is mandated to notify the RoC regarding the same by filing the form MSME biannually before the 30th of April and 30th of October respectively |
| 6 | DIR-3 KYC | Directors are required to file form DIR-3 KYC before 30th September every year |
| 7 | Statutory Registers | company is expected to keep the statutory registers updated and duly maintained. |
| 8 | Form MBP-1 | Director disclose their interest in any other entity through form MBP-1 in the first Board Meeting. |
| 9 | Form DIR-8 | Director ensures the company that they are not disqualified for appointment as director. |
| 10 | Board Meeting | There should be minimum four Board Meeting and the gap between two board meeting should not be more than 120 days. |
| 11 | Annual General Meeting | The first AGM is required to be held within 9 months of the end of the financial year after which the subsequent AGMs must be held within 6 months of the end of the financial year. Regardless, the time frame between two AGMs shall not be more than 15 months |
| 12 | Form AOC-4 | Filing on Financial Statement with ROC within 30 days from the date of annual general meeting. |
| 13 | Form MGT-7 | Filing of Annual Return with ROC within 60 days from the date of annual general meeting |
