+91 95912 06261 | info@poweroffactorial.com

Company Registration

Home

/

Company Registration

Company Registration

Private Limited company

Private Limited Company is one of the popular forms of business entities in India. Approximately 90% of companies in India are registered under Private Limited Company. There are more than 150,000 companies registered on a yearly basis. It is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013.

Eligibility to form Private Limited Company :

Number of Directors- Minimum 2 and Maximum 15.

Number of shareholders- Minimum 2 and maximum 200. However, one person can act as both director and shareholder.

Citizenship- At least one director should hold Indian Citizenship.

Minimum Authorized Share Capital Rs. 100,000 (INR One Lac)

Documents Required for Private Limited Company Registration :

Passport Size Photograph

Copy of PAN Card

Copy of Electricity Bill

Sale Deed (if owned)

Copy of Aadhar Card

Address Proof (Bank Statement/Mobile/Telephone Bill)

Copy of Rent Agreement(if rented)

NOC

Steps involved in Private Limited Company Incorporation in India :

Stage 1: Application for Company Name Reservation

Stage 2: DSC (Digital Signature) of two directors

Stage 3: Application for Certificate of Incorporation by submitting Final Documentation (like AOA, MOA, Consent Letters, and Business Address Proof etc.) including an application for DIN, PAN & TAN.

LLP (Limited Liability Partnership)

LLP has now come up as one of the most preferred legal entities for Professionals as well as service organisations owing to the flexibility attached under the Limited Liability Partnership Act.

There is flexibility with respect to the structuring of management and ownership as well as a lesser number of compliances as compared to a private limited company.

There should be a minimum number of 2 Designated Partners for any LLP and they should procure Director Identification Number and Digital Signature for registration of the LLP. LLP registration normally is more time consuming as compared to a private limited Company.

The biggest advantage of the LLP form of business over a Pvt Ltd Company is in the fact that there is less compliance requirement in comparison to a Company.

Eligibility to form LLP Partnership Registration :

Minimum 2 Partners

No minimum Capital requirement to form an LLP

Documents for LLP Partnership Registration :

Two Colour Photographs of Promoters/Individuals/ Company/ Director

PAN Card of each Shareholder and directors

Identity Proof (Voter ID / Driving License/ Passport)

Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)

Proof of Registered Office

Utility Bill as proof must be Latest

Steps involved in LLP (Limited Liability Partnership) Incorporation in India :

Stage 1: DSC (Digital Signature) of two partners

Stage 2: DIN (Directors Identification Number) of two partners

Stage 3: LLP Name Approval from ROC

Stage 4: Certificate of Incorporation is generated by Submitting Final Documentation (like Subscription Page, Business Address Proofs, etc.)

Stage 5: LLP Agreement will be prepared and submitted to ROC

Stage 6: Application for PAN & TAN

OPC (One Person Company)

One Person Company (OPC) is another form of organisation newly provided under the Companies Act, 2013 wherein the entity can be incorporated with a single member. It has all the protection and responsibilities as available to a Private Company with the major change that the number of shareholders that are required to incorporate the Company is 1. Once the Company achieves a certain turnover level, the OPC has to get converted into a Private Limited Company.

The promoter also can choose to convert the Company voluntarily once the Company is in operation for a certain period of time. The Director of the Company should have a Director Identification Number and the subscriber has to procure a Digital Signature for OPC registration. Process of incorporation is online and it takes 10-15 working days from the date you give your complete documents to us and subject to availability of the proposed name.

Eligibility to form OPC (One Person Company) :

1 Shareholder

1 Director

1 Nominee

Director and Shareholder is one and the same person

Minimum Share Capital shall be Rs. 100,000 (INR One Lac)

Documents for One Person Company Registration :

Passport Size Photograph

Copy of PAN Card

Copy of Electricity Bill

Sale Deed (if owned)

Copy of Aadhar Card

Address Proof(Bank Statement/Mobile/Telephone Bill)

Copy of Rent Agreement(if rented)

NOC

Steps involved in OPC (One Person Company) Incorporation in India :

Stage 1: DSC (Digital Signature) of director

Stage 2: DIN (Directors Identification Number) of director

Stage 3: OPC Name Approval from ROC

Stage 4: Certificate of Incorporation is generated by Submitting Final Documentation (like AOA, MOA, Subscription Pages, Consent Letters, Business Address Proofs, etc.)

Stage 5: Application for PAN & TAN

Company registration

Fee ₹ 33,000/-

Time - 3 to 5 Working days No Hidden Cost Terms and conditions apply