How to Incorporate a Private Limited Company

Private Limited Company Registration

Call +91 72999 72500 for Private limited company registration in India has come as a great choice for a lot of businesses and startups. India is becoming an increasingly powerful economy and is becoming the most preferred destination for both international and domestic investments. In order to be able to reap benefits from these investments, Indian businesses are looking at various options that can help them make their presence felt international. Registration of a Private Limited Company has become one of these options. Private limited company registration in India is now becoming a popular choice to launch a flourishing business in India.

The process of incorporating a private limited company in India is not much different from the process of registration of a Private Limited Company in any other country. To incorporate a private limited company in India, the following documents would need to be furnished: The Articles of Association, Memorandum of Association, Annual General Meeting, Statement of Accounts, and Income Tax returns, if applicable. Incorporation of a Private Limited Company is required in each and every state of India and is compulsory for all companies registered in India. However, with the growth in the number of corporate registrations in India, the norms and regulations regarding the incorporation of a private company and its registration have been clarified in more detail and are being amended on an annual basis to make the process more streamlined.

Documents Required for Company Incorporation

The documents required for the incorporation of a Private Limited Company in India are not very complex. They are required to be in the format prescribed by the law of the country. However, since the incorporation of a Private Limited Company is a legal process in every state of India, every state also requires the submission of documents to the authorities appointed for the purpose, which can either be the Secretary or the Inspector general of the state, who takes the responsibility of registration of the company. All such documents shall be enclosed in the document box attached to the register of the company. Incorporation of a Private Limited Company in India is mandatory to issue and failure to comply with the formalities may subject the concerned company to penalties.

In addition to the above mentioned documents, there are several other important documents required for the complete incorporation of a Private Limited Company in India. Among these are the pay check of the director or the principal, certificate of office and registration address proof, indemnity bond, articles of association, statutory notice of company registration, copy of appointment of directors, nominee service providers, nominee secretary of the board of directors, document related to winding up and bankruptcy of the company, nominee liquidator’s report, certificate of the registrant and its agreement and bye-lender of the Company. Other than these documents, there are also some additional documents required for the Company registration process in India. These include the Memorandum of Association, Certificate of Incorporation, Accounts Payable, Income Tax List, Annual Accounts, Statement of Changes in Accounting, winding up order of the Company and certificate of liquidation.

After the completion of all these documents, the next step is to draft the Articles of Association for the Private Limited Company. The proposed directors shall sign the Articles of Association duly in duplicate. The copies of the same are to be submitted along with the prescribed fee to the registered office of the Company. Before signing the Articles of Association, the proposed directors shall receive the instructions from the Registrar of Companies. Within two weeks from the submission of the Articles of Association, the first shareholders will receive notice regarding the acceptance or rejection of the application.

Process to Register your Company in India

From the notified date, the shareholders will have to receive notice regarding the acceptance or rejection of the application for incorporating a private limited company. After approval, the company shall issue its share capital. If the shareholders approve the Articles of Association, then it shall continue its business under the name of the Company. If the company does not receive an approval within the prescribed time limit, then the Company may be dissolved. Further, the directors of the Company are liable to pay the fees of the Registrar of Companies.

Contact Company Registration Consultants in India

The Indian Private Limited Company allows business houses to function through a straightforward set of procedures and at extremely low costs. Incorporation of a private limited company in India offers business houses many benefits, including the ability to save on the cost of registration fees, get registered under the Companies Act, and benefit from a multitude of other state-of-the-art business laws. Business registration in India is not as cumbersome as it was in the past, thanks to a plethora of new and improved laws that have been incorporated into the India Private Limited Company Registration in India. With an efficient online registration process such as the Private Limited Company Registration in India, business houses can now register their businesses online and save a lot of time and money.

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Incorporation Of A Private Limited Company In India

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Call Our Pvt Ltd Consultants +91 7299972500 . We are here to provide services of Incorporation Of A Private Limited Company In India. Private limited company in India is considered as one of the most viable options to set-up business in India today. India has now become one of the fast-growing destinations for businesses and the corporate sector in the world due to its favorable legal atmosphere, cheap labor, inexpensive cost of the property, liberalization of trade, and many other conducive factors. Private limited company incorporation in India offers various attractive benefits to foreign investors like – low capital requirement, easy registration process, easy functioning of the management, exemption from some of the cumbersome formalities like stamp duty and other indirect taxes, exemption from some of the requirements like income tax, stamp duty value addition, income tax return filing, etc.

The entry of a Private Limited Company in India has become easier due to the reformed laws of the country. Earlier, the Indian Companies Act permitted limited liability company formation. However, the recently passed laws have changed all that. Now, even a private limited company needs to register itself under the Companies Act 2013. To know the regulations for this purpose, an Overview of Company Formation in India is given below:

Company Formation in India – How To Form a Company In India?

There are different approaches to company formation in India. These include registered office system and non-registered office system. In India, it is important to comply with the local laws of the place of business. After registration of the company, the next step is to open a registered office at which all the official mails will be dispatched to the concerned person.

Registration Of Business Name

The company name needs to be registered before functioning. This process needs to be completed at the state level as well as at the national level. Registered offices of the company should be located in places where the business will operate. At the state level, a company needs to file its Articles of Association along with the statutory declaration of its status.

Accessibility of Public Company Offices

Limited liability companies are not allowed to have their own branches or offices. A registered office can be used to access the official business records at any time. The limited company can make use of the address of the registered office of the company. In case, the business is established at the national level, then a bank facility may be available for storing the official documents.

Corporate Structure of a Company Registration

There are many types of businesses that can be incorporated in India. The limited company formation in India has some similarities with the international format of company formation. However, in the case of a limited company in India, the company formation needs to follow certain guidelines. For instance, a nominee director will be mentioned in the Articles of Association of the company. It is important to note that the nominee director does not have the power to direct the business.

Transfer of Control of the Company

All the powers of the management of the company are transferred to the owner after it becomes a public company. Thus, there is a transfer of management control of the company at any time. The power to issue shares is also transferred to the shareholders of the company. However, the shareholders will not enjoy the right to vote. As a result, all the shareholders of the company have no share ownership.

Contact our Company Formation Consultants in Chennai India

It is very easy to start your company in India. We are here to support you at all times. Private limited company registration in India offers the best opportunity to Indian businessmen to capitalize on the enormous potential of the Indian economy.

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