Private Limited Company Registration
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is fifty. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
Private Limited Company Registration Process
Obtaining DSC & DIN
Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
Time for Private Limited Company Registration
WRC can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time.
NEW: Private Limited Company Registration Process Using Form INC-29
Obtaining DSC & DIN
Digital Signature Certificate (DSC is required for the proposed Directors of the Private Limited Company. DSC can be obtained for the proposed Directors within 1 to 2 days.
Filing for Incorporation
One name must be selected for the company after referring to the MCA Name and Trademark database. Incorporation names are prepared and filed based on the selected name.
Form INC-29 is submitted to MCA with the relevant documents. If the name is acceptable, MCA will issue incorporation. Else, resubmission with new name may be required.
INC-29 Company Registration
WRC can incorporate a Private Limited Company using Form INC-29 in 10 to 20 days, subject to ROC processing time.