Private Limited Company is the most preferred and prominent type of business entity as recognised in India. Though its registration under the Companies Act,2013 and its governing body is the Ministry of Corporate Affairs, widely known as MCA.

 As it can be registered for pre-defined objects and can be owned by a group of members called shareholders. Hence, it is an excellant option for Startups and businesses that are passionate to grow over time, choose a Private Company as an ideal business structure.

What is a Private Limited Company?

 A Private Limited Company proposes limited liability for its shareholders with certain limitations placed on the ownership.

For an instance, a Limited Liability Partnership has partners, who own and manage the business. In the case of Private Limited Company registration, directors may be different from shareholders.

Having said that, to register a Private Limited Company, a minimum of two shareholders and two directors are required. MCA has recently laid down a few major changes to the process and made it very hassle-free to incorporate a company.

In this article, we will be focussing on the Private Limited Company registration process and the documents required in detail.

Documents required for a Private Limited Company Registration

A.Where director/subscriber is an Indian

• An Affidavit on a Stamp Paper is to be given by all the subscribers of the Company to state their willingness to become the shareholders of the Company
• Copies of utility bills that are not older than two months
• Photocopy of PAN Card or Passport (Foreign Nationals & NRIs)
• Photocopy of Voter’s ID/Passport/Driver’s License
• Photocopy of the latest bank statement/telephone or mobile bill/electricity or gas bill
• Photocopy passport-sized photograph specimen signature (blank document with signature

B.Where director/subscriber is a Foreign National

• • Passport
  • Address proof: It can be a driving license, residence card, bank statement, Government issued form of identification containing an address

C.Documents Required for Registered Office

• Proof of office address – Rental Agreement
• NOC from the owner of the property
• Photocopy of Property or Sale Deed printed in English (if the property is owned)

Private Limited Company (PLC): Process of Registration

Step 1: Apply for DSC: To obtain Digital Signature Certificate following documents are required.

Step 2: Apply for DIN: After acquiring the Digital Signature Certificate (DSC), the next step is to apply for the Director Identification Number (DIN) of the proposed Director in SPICe Form along with the name and the address proof of the director.

Step 3: Name Approval Application: The next step and a very important step while incorporating an PLC is to decide on the name of the Company.

Step 4: Documents Required: MOA & AOA requires to be submitted at the ROC

Step 5: Filing Forms with MCA: All these documents will be attached with SPICe Form, SPICe-MOA and SPICe-AOA along with the DSC of the Director, and will be uploaded to the MCA site for approval.

Step 6: Issue of certificate of Incorporation: On further verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.

How can we help you?

If you too are wondering to set up a Private Limited Company, the Online Legal India™ expert team can take care of the documentation process. We have a highly qualified CA/CS and 10+ years of experienced lawyers who would assist you to Register your Private Limited Company(PLC). We have budgeted services for those who are willing to venture into a company, business or any other kind of organization. 

 Apart from getting registered with MCA, any business personnel must also register with GST, TAX and Compliances, Accounting, Trademark Registration, or creative assistance in Logo Designing and Import Export Code registration to step a foot forward in the Foreign market. To deliver your digital assistance we have the best minds in the industry for your business incorporation, our concierge work round the clock to give you a hassle-free Private Limited Company Registration(PLC) online.