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Private Limited Company Registration
The Private Limited Companies are those companies which are managed privately by a group of individuals, and are not entitled to offer their shares to the public, or trade on the stock exchanges, as is commonly done by the public limited companies.

One of the most popular types of business entities is a Private Limited Company. A private limited company registration in India requires a minimum of two members and directors. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell companys assets but not personal assets of directors..

Private Limited Company has perpetual succession, limited liability and restricted trade of shares (which lowers the risk of hostile takeovers). Private Limited Companies also enjoy the ease and variety of fundraising options from Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs. As part of Private Limited Companies, the owners can offer corporate designations and stock options to keep their employees motivated and loyal.

5 Simple Steps Registering a Company in India

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Arrange basic documents of Directors
Startupwala will apply for DSC (Digital Signature) of Directors
We will Prepare MOA, AOA & other Legal documents
We will File INC 29 or Incorporation Docs with ROC
Get your Company Incorporation Certificate

Advantages & Benefits
Why to Register Startups as Pvt. Ltd.


Eligibility for Startup India Scheme - To be eligible under Startup India Scheme the Startup must be registered as a Company under the Companies Act 2013 or LLP.

Limited Liability Protection to Partner's personal assets -Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a, LLP, OPC or private limited company, only investment in business is lost, personal assets of the directors are safe

Easy to raise funds and loans - LLP or Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to normal Partnership or Privet Limited Company.

Favorite Business structure for Investors - Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company.

Easy to attract Quality Team - For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations and stock options.

Easy to Sell - Private Ltd. is easy to sell, very less documentation and less cost is involved in selling a Pvt. Ltd. company.

Minimum Requirements
for Startup Incorporation

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Minimum 2 Shareholders for Pvt. Ltd. / LLP
Minimum 2 Directors for Pvt. Ltd.
For OPC minimum 1 Shareholder & 1 Nominee
The directors and shareholders can be same person
One of the Directors must be Indian Resident
Minimum Authorised Share Capital Rs. 100,000 (INR One Lac)
DIN (Director Identification Number) for all Directors / Designated Partners
DSC (Digital Signature Certificate) for one of the Directors / Partners


FAQ


What documents required to set up a Startup Company in India?

You need to arrange very simple documents of directors like photograph, Pan card and one address proof. For more details, please fill the above details and Get Started Now.

Do i Have to have office (Commerciel) space start a company?

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office..

Who is registar of companies (ROC)?

ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra companies are registered with Mumbai & Pune ROC. In Tamilnadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi there is only one ROC office, like at Bangalore, Hyderabad and so on.

Do i have to physically visit ROC office while setting up company?

No. Ashoka Consultancy provides complete online Company Incorporation process. All legal documentation with ROC and visits are done by us.

Is startup incorporation to be renewed every year?

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.

What is a DIN?

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

What is a DSC?

A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.

What is company name search? Why it is important for new company registration?

Company name is very important part in registration of company. For Incorporation of company, the suggested name should not match with existing companies or trademark.

What is MOA & AOA of company?

MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Startups.

Can we change office address of the start-up after incorporation?

Yes, company office address can be changed anytime after incorporation.

What is capital of the Company?

Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issue by the company.

Do we have to deposit share capital in a bank at the time of incorporation?

No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.


Comparison among Privet Limited Company, Partnership,LLP and Private limited


Particulars Privet Limited Company Partnership Limited liability partnership Private limited One person company
Registration No Formal Registration Optional Registration,Register under Partnership act 1932 Registration With ROC under LLP Act 2008 Registration With ROC under companies Act 2013 Registration With ROC under Companies Act 2013
Name Approval No Name Approval required No Name Approval Required. Need to be approved by MCA (shall with “LLP”) Need to be approval by MCA (shall with ‘’Private Limited) Need to be approved by MCA (shall end with “ POC private Limited)
Legal Status No separate legal entity from owner No separate legal entity From owners Separate legal entity from owners, personal liability limited to capital Separate legal entity from owners personal liability limited to capital Separate legal entity from owner, personal liability limited to capital
Borrowing Personal Sources & Banks Personal Sources & Banks Personal Sources & Banks Angel Investors, Project Financing, Private debentures, Loans from directors and members (subject to restrictions), banks Personal sources & Banks
Owners Remuneration Owner salary not allowed Partners remuneration Allowed, subject to certain restrictions . Partners remuneration allowed subject to certain restrictions Directors’ Remuneration Allowed as Per Board /member’s agreement Directors’ remuneration allowed as per board/member’s’ agreement
Minimum Vs. Maximum Numbers of Members/Shareholders 1 : 1 2 : 20 2 : Unlimited 2 : 200 1:1
Minimum Vs. Maximum Number of directors N.A N.A N.A 2:15 (can be increased further by resolution 1:15 (can be increased further by resolution
Foreign Member Not Allowed Not Allowed Allowed With Govt. Approval Govt. Approval is required in some sectors Not allowed
Transferability Not Transferable Not Transferable Transferable Easily transferable Transferable
Income Tax Slab Rate (0-10-20-30%) Flat Rate @ 30% Flat Rate @ 30% Flat rate Flat rate @30%
Board Meeting Not Required Not Required Not Required Required periodically Not allowed
Registration Cost X 1.5X 2X 3X 2.5X
Annual Compliances Cost X 2X 3X 3X 3X

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