In business a private limited company registration means to send an application with information about your business or company’s basics. But why do people register their Pvt Ltd Company and what is the procedure? First part answer is, registering a company allows attracting investors and makes money raising easier. For the second part, we shall see how to register a private limited company in India.
Documents Required For Private Limited Registration :-
Passport size photograph of directors
Copy of PAN Card of directors
Photo Copy of Property papers in case of owned property
Water or Electricity bill of Business place
No Objection Certificate from landlord (format will be given)
Copy of voter identity card or aadhaar card of directors
Photo Copy of rent agreement in case of rented property
Minimum Needs For Company Registration:-
At least 2 directors are needed
Minimum 2 shareholders are needed
At least 1 lakh share capital
Minimum one designated partner should be Indian resident
No matter what happens with the company or the members or the directors, this won’t affect the existence of the organization as per the law. The company will live forever.
You must have a valid office address and the proof of the same must be submitted before registration.
Certified professionals are important to run the company. At the time of incorporation, you must have Chartered Accountant, Cost accountant, secretary etc.
Factors To Consider For Name Selection Of Company
The name of the company is crucial. It makes first impression of the suppliers, buyers and stakeholders. It must be relevant, attractive and suggestive. Different factors are there to remember while naming a company :
Meaningful -
The name of a company should be related to the business and its brand.
Unique –
The name of the company should not be identical or same to an existing trademark or company. Try to avoid plural version, punctuation marks or spacing in an existing company name.
Precise and Simple –
The name should be short and not be long. It should be pronounced and remembered easily while people read or hear it easily.
Should not be offensive or illegal –
The name of the company should not violate law. It should not be against the beliefs of any religion and customs and not abusive.