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.
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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