Private Limited Company Registration

Instructions

In India, the best and most common type of company registration is a private limited company. Mostly Startups are registered today as Private Ltd. It is a distinct legal entity with its own life as well as a Pan card. The Ministry of Corporate Affairs oversees it under the Companies Act of 2013. (MCA).Any Person can easily transfer the shares to other person to quit from the company anytime or closed the company within legal rules easily.

Eligibility Criteria

* The maximum amount of capital that a company can raise through the issuance of shares to shareholders is known as authorised capital. ... For Example: Suppose a firm has an authorized or licensed capital of ₹ 50,00,000, then it can issue shares worth up to ₹ 50,00,000 to its shareholders and can’t issue anything beyond it unless increase in authorized capital again.

NOTE:- *Government fee has been calculated on minimum contribution of Rs.1 lakh within the refill form.*
Stamp duty can differ from one state to the next and be paid accordingly.
* NRI/International directors or foreign shareholding firms will incur additional fees.

Fee

Professional fee, government fee, fees, 2 DSC, 2 DIN, and other petty expenses are all included in the above charges. The client is responsible for paying the stamp duty separately.

Compliances After Incorporation of Private limited Company

Once the Pvt Ltd Company Registration is done, it is subjected to follow all Without fail, the compliances cited under the Companies Act, 2013 Provisions. Failure to stick to an equivalent may end might result in significant fines and even disqualification of the administrators/owners/directors of the businesses.

Bank Account Opening

The first step is to establish a current bank account in the company's name.

The First Auditor's Appointment

The Board of Directors should appoint an auditor within 30 days of the company's establishment.

Issue and Allotment of the Share Certificate

Any corporation must allot shares within 60 days of receiving the payment for the share submission. In addition, you must issue share certificates within two months of the company's formation, for which stamp duty must be paid.

Obtaining a Certificate of Commencement of Business

Within 180 days of the company's incorporation, you must file the Commencement of Business, or form INC 20A. This means that your business must deposit the required amount of share capital in the bank.

Annual Observance

Companies are obliged to file yearly accounts and returns, as well as income tax and ROC, every year. Taxboxindia.com will assist you in registering as well as completing your compliances at a low cost..

Registers and records required by law.

A statutory register keeps track of a company's specific data, including shareholders, directors, and meetings. Companies are also required to preserve these documents in addition to their regular accounting records.