Korpfintax

Private Limited Company

Registering a private limited company is one of the most popular ways to start a business in India, offering numerous tax advantages and regulatory benefits. It is the most widely adopted corporate legal structure in the country. The process is governed by the Companies Act, 2013, and the Companies Incorporation Rules, 2014, under the oversight of the Ministry of Corporate Affairs.To register a private limited company, a minimum of two shareholders and two directors is required. A natural person can act as both a director and a shareholder, whereas a corporate entity can only be a shareholder. This structure is also ideal for companies with foreign direct investment, as it allows foreign nationals, foreign entities, or NRIs to serve as directors or shareholders.Private limited companies are especially recommended for small and medium-sized enterprises, whether family-owned or professionally managed, due to their distinct advantages—such as perpetual succession, separate legal identity, limited liability for shareholders, and the ability to raise equity capital

Private Limited Company:
  • As per Company Law, a private company is defined as one that has a minimum paid-up share capital of ₹1 lakh or a higher amount as prescribed. Its Articles of Association must restrict the transfer of shares and limit the number of members to 200. This count excludes current and former employees who became members during their employment and have continued as members after leaving the company.
  • Additionally, a private company is prohibited from inviting the public to subscribe to any of its shares or debentures
  • A private company is also restricted from inviting or accepting deposits from anyone other than its members, directors, or their relatives.
Minimum Requirement to be fulfilled to Form a Private Limited Company:

  • Two directors and two promoters (shareholders) are required

  • All directors must obtain a Digital Signature Certificate (DSC)

  • Authorized capital of ₹1,000,000

  • Director Identification Number (DIN) for each director

  • Digital Signature Certificate (DSC) for each director

Documents Required For Partnership Firm Registration:
Identity Proof of directors:
  • Passport / Driving licence /Aadhaar card
  • Electricity bill / Bank statement (less than 2 months old)
Registered Office Address Proof:
  • Rental Agreement OR sale/registration deed (if owned)
  • Copy of recent utility bill (electricity/water) or property tax receipt
  • No objection certificate from landlord for use of property as registered office (for rented offices)
Required documents/information's for Allotment of DIN:

  • Self-attested copy of PAN card

  • Self-attested address proof of the proposed directors (such as latest bank statement, phone/mobile bill, or electricity bill)

  • Valid identification document: driving licence, passport, or Aadhaar card

  • Passport-size colour photograph (3.5 cm x 2.5 cm), clear and recent

  • Affidavit signed by the individual (self-attested statement)

  • Educational qualification details

  • Current occupation

  • Valid email ID and mobile number

What You Have Now:

  • Director Identification Number (DIN) for one director

  • Digital Signature Certificate (DSC) token for the director and nominee

  • Memorandum of Association (MoA) and Articles of Association (AoA)

  • Certificate of Incorporation issued by MCA with Corporate Identity Number (CIN)

  • Company PAN card

  • Company TAN number

  • All supporting documents required for opening a bank account

Supporting Your On-Going Business:

  • We handle the filing of your TDS and GST returns, maintain your accounts, and deliver monthly progress reports.

  • We also compile and file your income tax returns, ensuring full compliance with tax regulations.

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