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Step-by-Step Procedure Registration of Private Limited Companies:
1. Name Suggestion:
Propose a unique and acceptable name for your company.
2. Details of the Company:
Provide comprehensive information about the company's structure, objectives, and operations.
3. Dividends on Capital Shares:
Specify the details related to dividends on capital shares.
4. Email Address of the Company:
Furnish an official email address for communication.
5. Proof of Office Address:
Submit valid documentation confirming the registered office address.
6. Copies of Utility Bills:
Include copies of utility bills as proof of address.
7. Approval of GSTIN Application:
Obtain approval for the Goods and Services Tax Identification Number (GSTIN) application.
8. KYC Documents (Self-Attested):
Submit self-attested Know Your Customer (KYC) documents.
Documents Required for Registration of Private Limited Companies:
Memorandum of Association (MoA) and Articles of Association (AoA)
Director Identification Number (DIN) for Directors
PAN and Aadhar of Directors
Address proof of Directors
Board resolution for company incorporation
Benefits for Registration of Private Limited Companies:
Limited liability protection
Separate legal entity
Easier access to funding
Perpetual existence
Credibility and trust in the market
Latest 15 Questions and Answers for Registration of Private Limited Companies:
How do I verify the availability of a company name?
Visit the Ministry of Corporate Affairs (MCA) portal for a name availability search.
2. What are the critical documents required for director identification?
PAN, Aadhar, and address proof are essential for a Director Identification Number (DIN) application.
3. Can a foreign national be a director in a private limited company?
A foreign national can be a director; at least one director must be an Indian resident.
4. Is it mandatory to have a physical office for company registration?
Submission of proof of address is mandatory for the registered office.
5. How long does it take to get a GSTIN after applying?
Typically, it takes 7-14 working days for GSTIN approval.
6. Are there any restrictions on the business activities of a private limited company?
No, private limited companies have wide-ranging business activities unless specified otherwise.
7. Can a person be a director in multiple private limited companies?
A person can be a director in multiple companies, subject to certain conditions.
8. What is the minimum capital needed for a private limited company?
There is no minimum capital requirement.
9. How often is the annual return filing required for a private limited company?
Annual return filing is required once a year.
10. Can a private limited company issue debentures to the public?
No, private limited companies cannot issue debentures to the public.
11. What is the role of a company secretary in a private limited company?
A company secretary ensures compliance with regulatory requirements and facilitates communication between the board and shareholders.
12. Can a private limited company convert to a public limited company?
With the approval of shareholders and regulatory authorities, a private limited company can convert to a public limited company.
13. How are shares transferred in a private limited company?
The company's articles allow for the transfer of shares through a proper share transfer process.
14. What is the penalty for non-compliance with annual filing requirements?
Non-compliance may result in fines and penalties, and the company may lose its active status.
15. Can a private limited company be owned and managed by a single person?
Yes, a single-person private limited company allows one to own and manage the company.
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