Find out how to register a private limited company, the most popular way of starting a business in India. Get to know the private limited company registration procedure.
Online Company Registration in India - An Overview
Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.
Register a company today to get funding and tax benefits.Vakilsearch, a leading legal consultant, offers quick Company Registration service in India with three simple steps
A Certificate of Incorporation (CoI), along with PAN and TAN can be received post approval of the company registration process. You can officially open a current bank account with the Certificate of Incorporation and begin your business operations.
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Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
According to the law in the Company Act, 2003 in order for any company to be registered in India, the below conditions have to be met.
A private limited company must have at least two directors and at most, there can be 15. Of the directors in the business, at least one must be a resident of India.
The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh.
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NoC is obtained from the landlord.
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