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Private Limited Company Registration Online in Delhi: A Step-by-Step Guide

Delhi, the capital city of India, is a thriving hub for businesses and startups. If you’re looking to establish a private limited company in Delhi, this blog will serve as a comprehensive guide to navigate the process of private limited company registration online. Registering your business as a private limited company offers several advantages, including limited liability for shareholders and a separate legal entity status. Let’s explore the steps involved in setting up your private limited company in Delhi.

Understanding Private Limited Companies

A private limited company is a popular business structure in India, characterized by limited liability for its shareholders and stringent corporate governance regulations. In this type of company, ownership is defined by shares, and there can be a maximum of 200 shareholders. It enjoys a distinct legal entity status, offering credibility and ease of raising capital.

Requirements for Private Limited Company Registration

Before proceeding with the registration process, it’s important to ensure that you meet the essential requirements for registering a private limited company in Delhi:

Directors: You need a minimum of two directors, and at least one of them must be an Indian resident.
Shareholders: You can have a minimum of two and a maximum of 200 shareholders. These can be individuals or corporate entities.
Name Approval: Choose a unique name for your company, ensuring it complies with the naming guidelines provided by the Ministry of Corporate Affairs (MCA).
Registered Office: You must have a registered office in Delhi from the date of incorporation.
Authorized Capital: Decide on the authorized capital of your company, which defines the maximum amount of capital that your company can raise through shares.

Steps for Private Limited Company Registration Online in Delhi

Here’s a step-by-step guide to registering your private limited company online in Delhi:

Obtain Digital Signatures: Begin by obtaining digital signatures for all the proposed directors and shareholders. Digital signatures are necessary for online filings with the Ministry of Corporate Affairs (MCA).
Director Identification Number (DIN): Each director must apply for a Director Identification Number (DIN) online through the MCA portal.
Apply for Name Approval: Once you have the DINs, apply for name approval for your company by submitting Form SPICe+ (Simplified Proforma for Incorporating Company Electronically) along with the required documents.
Draft Memorandum and Articles of Association: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) in accordance with the Companies Act, 2013.
Application for Incorporation: File Form SPICe+ for the incorporation of your private limited company, along with the MOA, AOA, and other necessary documents.
PAN and TAN Application: After incorporation, apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.
Certificate of Incorporation: Upon successful processing and approval of your application, you will receive a Certificate of Incorporation (COI) from the Registrar of Companies (RoC), officially establishing your private limited company.
Statutory Compliance: After registration, ensure ongoing compliance with all statutory requirements, including the filing of annual financial statements and reports with the RoC.

Conclusion

Setting up a private limited company in Delhi offers various benefits, including limited liability for shareholders and enhanced credibility. However, it’s essential to follow the prescribed legal procedures and meet all requirements for a smooth registration process and ongoing compliance. By following this comprehensive guide for private limited company registration online in Delhi, you can establish your business and join the vibrant entrepreneurial ecosystem of the capital city.

Start a Private Limited Company Today Online and Consultant

Getting the legal status of your business can be a fulfilling experience. It will open up more avenues for your business to grow. As an entrepreneur you have to go through the Private Limited Company Registration, which is quite a complex and elaborate procedure. After you have done the process your business will be considered a legal entity that has a separate set of business operations.

To start the process you must know the standard definition of a private limited company operating in India. Let’s find your answer here;

What is a Private Limited Company?

A private limited company is a completely different but common business structure with a limited number of shareholders. Shareholders of the company have limited responsibilities for the business. Shareholders cannot get liable for the debt and obligations of the company. The company is considered a separate entity that has a legal status. This also means the company can sue or get sued, make contracts, and buy property in its name.

Any sole proprietorship business can become a company after going through the registration process. The business can include more people as its owners by distributing shares. The risks and liabilities will get shared among the shareholders in return for profit. But, registering it as a limited company will restrict shareholders to only taking some limited risks.

Now, you must know the basic advantages of registering the company. This section will provide you the information related to the advantages that you will get after the competition of the process.

Pros of Starting a Private Limited Company

A private limited company has a complete set of advantages such as;

Limited Liability Protection

One of the most significant benefits of a Private Limited Company is its limited liability protection. The shareholders’ personal assets are protected, and they are not liable for the company’s debts beyond their investment. This feature makes it an ideal choice for those who want to protect their personal assets and limit their liability exposure.

Tax Benefits

Private Limited Companies are eligible for various tax benefits, such as lower corporate tax rates, dividend distribution tax, and tax exemptions for small businesses. This feature makes it a tax-efficient structure for startups and small businesses. Presently, the government of India (GOI) has reduced the tax rate to 25% for private limited companies operating in India.

Separate Legal Identity

A Private Limited Company has a separate legal identity, meaning it can enter into contracts, sue or be sued, and own property separately from its shareholders. This feature offers more flexibility and increases the company’s credibility and legitimacy in the eyes of customers, suppliers, and investors.

Continuous Succession

This company has perpetual succession, meaning its existence is not affected by the death or resignation of the shareholders or directors. The company will continue to operate without any interruption, which offers more stability and continuity to the business. The board of directors will get replaced if any changes are made in the business structure.

Funding Opportunities

Private Limited Companies can raise funds by issuing shares to public or private investors. This feature provides more opportunities for funding and growth, making it an ideal choice for those who want to expand their business.

After discussing the key advantages, now it’s time to explore the drawbacks of registering the business. These are just some areas that can be erased easily without any hurdles.

Cons of Starting a Private Limited Company

Some of the mild drawbacks of transforming the business into a company are getting described here;

Complex Legal Processes

The registration process for a Private Limited Company is more complex and time-consuming than other business structures. It requires several legal and regulatory compliance which can be challenging for those who do not have prior experience in business law. But, there is always an option for you to get your company registered easily. Hiring an agency for completing the procedure is the best solution for you.

Stricter Compliance Requirements

Private Limited Companies are subject to stricter compliance requirements, such as maintaining books of accounts, conducting annual general meetings, and filing annual returns. These requirements can be burdensome and require more your time and resources. You can hire some managers to delegate these separate functions. They will help the director for dealing with these things.

Difficulty in Selling Shares

Private Limited Companies are restricted from transferring their shares to outsiders; therefore these companies cannot sell their shares to the public directly unless they meet specific legal requirements. The company’s ability to raise money may be restricted by this feature, and it may be challenging to leave the industry. In order to simplify the process, the GOI since has removed some cumbersome share-exchanging regulations.

Steps for Private Limited Company Registration

You have to go through this step-by-step process to register your company.

Your company must have a unique name and a logo. After the name, you have to add Pvt. Ltd as a suffix.
Obtaining Digital Signature Certificate (DSC) for verification of the director digitally.
Obtaining Director Identification Number (DIN) from the Ministry of Corporate Affairs.
MOA (Memorandum of Association) and AOA (Article of Association) must get drafted carefully.
Obtaining PAN and TAN in the company’s name from the Income Tax Office.
Opening the Corporate Bank Account and depositing the capital.

Finally, after going through all the details for formation your pvt ltd company as per the Indian laws, you can conclude that registering the company will help your business to expand more. This will bring success to your business operation and create more streams for growth. The steps for registration will guide you here and reduce the time for completing the process. Besides that, you must prepare a coherent business plan that will guide you to do business after getting legal status. All the information will guide you throughout to ease the registration process.

How to Proceed Nidhi Company Registration Online

In India, Nidhi companies are getting regulated directly by the Ministry of Corporate Affairs (MCA) and followed the guidelines of RBI. Any group or association where 7 people are members can apply for Nidhi company registration. The company must get registered under the Companies Act of 2013 and the members have the shares of the company.

The members or shareholders of company can take loans at a very cheap rate. The Nidhi company registration process is simple and has some simple steps, which are not complex like other NBFCs. In this digital era, you can form a group and apply for registration of your Nidhi company online. Some professional agencies are also helping small groups to establish company comprehensively.

But before understanding the Nidhi company registration procedure, you must understand the core reason why a Nidhi must get registered as per the prescribed law.

Why Nidhi companies must get registered?

Financial inclusion is the key idea behind Nidhi Company incorporation in India. These companies are operating at a very small capacity with a limited number of people. Mobilizing the small savings of its members is the motto of these companies. Along with that, the company will help its members to get loans easily at a very cheap interest rate.

Besides that, there are a lot more essential reasons behind the establishment of Nidhi companies in India. Some of the reasons are like these;

Including low-income savings

In India, nearly 42 percent of people are belonging to the low-income group. Therefore, the financial inclusion of these people becomes necessary in India for overall economic growth. Nidhi companies are helping to mobilize the savings of these people and helping them to become financially sustainable.

Providing cheap interest rates

Nidhi companies are offering loans that have a very low rate of interest for the members. For this reason, low-income groups in India are getting attracted to it. Sometimes the interest rates at nidhi company are lower than at traditional banks. Hence, company must get registered as per the law to reduce fluctuations in its interest rates.

Safe & secure savings

The operation of mutual benefits in India is very secure because of its limited reach. However, because of the small size of the company, the members might feel hesitation in the operating procedure of this. Hence, the registration of company by providing appropriate Nidhi company registration fees at the MCA registration office becomes essential. This will bring safety and security to the Nidhis operation among its members.

Simple operating procedure

Registering the Nidhi company as per the prescribed procedure will help the company to simplify its working procedure. After registration, the company has to follow the rules and regulations, which will help them to handle their financial operation accurately. So, the formation of company will help to make the process super simple and efficient.

Procedure of Nidhi Company Registration

The procedure for registration of company is quite simple but has multiple stages. To begin with, you have to fill out the Nidhi company registration form appropriately. The Ministry of Corporate Affairs (MCA) is the main regulator of India and it follows the guidelines of RBI separately. Hence, while filling out the registration form, you must go through all these websites for having a clear observation regarding the registration.

Besides that, you have to choose a name for the Nidhi company from the Reserve Unique Name (RUN) form. The Nidhi must have a unique name to operate its functions separately with a different set of members. Moreover, you have to prepare digital documents for the directors of company.

Documents need for registration

Key documents that must be prepared before the registration process are mentioned here. The process of registration is continuous thus you have to keep the documents ready with you.

DIN numbers and PAN details
Digital signature of all members
AoA & MoA
TAN details and Bank Account Number
GST certificate and Office address proof

The process of registration is complex thus you can take professional help to get the registration done smoothly. Companies like One Click Business Solution can register the Nidhi business in the fastest way through their expert help. These companies will help you to compile all the documents and submit them on time before the stipulated deadlines.

Why Nidhi Limited Company Succeeds in NBFC Business?

The Non-Banking Financial Company (NBFC) industry has grown in popularity among Indian business owners in recent years. Nidhi Limited Company is one such prominent part in this finance industry. The Ministry of Corporate Affairs oversees Nidhi Limited Company, a type of NBFC that offers loan facilities to its members.

First and foremost, Nidhi company registration is straightforward and costs little money but this procedure can be performed securely via professionals who are in this field. Due to this, it is a desirable choice for small business owners looking to enter the NBFC market.

A minimum of seven shareholders, three directors, and INR 10 lakhs in paid-up capital are required for the establishment of a Nidhi company. The registration procedure can be finished in a few weeks after the required paperwork and fees are submitted.

A Nidhi company’s operations are also limited to its members only. This makes it possible for the business to operate as a closed group, which makes it simpler to control the risks involved with money lending. Nidhi companies have a better understanding of their borrowers’ creditworthiness and repayment capacity because they only lend money to their members. As a result, the risk of default is diminished, which is important for NBFCs. The high rate of interest on deposits offered by Nidhi companies is another benefit. This makes it a desirable option for those seeking to invest their money.

Furthermore, deposits from non-members are not permitted by Nidhi companies. This guarantees that the business doesn’t carry out any unauthorized or unlawful activities. This contributes to the company’s continued accountability and transparency in its operations.

Nidhi businesses can profit from the expertise of consultants in this area. These consultants can offer direction on a range of Nidhi Company operations, including taxation, accounting, and legal compliance. This facilitates the effective and efficient operation of Nidhi businesses.

As there are multiple benefits of commencing a Nidhi organization and these factors have made Nidhi companies successful in the NBFC business. Registering a Nidhi company may seem to be easy but there is a point to remember and that is this process becomes easy when you have consultants of Nidhi company aiding you.

How To Start Today Section 8 Company at Economical Budget

Creating a Section 8 company is an admirable goal that can benefit society. Due to the apparent expenses and complexity, many people can be discouraged from creating a Section 8 Corporation. This blog post will go over how to register Section 8 Company on a low budget. You’ve come to the perfect location if you want to launch a Section 8 company on a tight budget. Here are some suggestions for forming a Section 8 company on a low budget.

Study and Planning

Researching and organizing your Section 8 Business is essential before beginning the registration procedure you must decide on your organization’s mission, your target market, and your objectives. Also, you should look into the rules and regulations for setting up a Section 8 company. This can help you have a better grasp of the entire process of Section 8 Company Registration and save you money.

Choose a Name

An essential part of the registration procedure is picking a name for your Section 8 Business. Your company’s name should be distinctive, memorable, and connected to its mission. On the MCA website, you can see if the name is still available. If the name is already taken, you can choose another name or change the name you already have.

Employ a Specialist

While it is possible to form a Section 8 company on your own, it is advised that you enlist the assistance of a specialist. A specialist can guide you through the legal processes and make sure your business is properly registered. On the other hand, if money is scarce, you can register the company independently by adhering to the instructions provided on the MCA website.

Compile the Necessary Paperwork

You must draught numerous Section 8 Company Registration Documents, including the Memorandum of Association (MOA) and Articles of Association, in order to register a Section 8 Corporation (AOA). A declaration from each nominated director must also be prepared. On how to compile these documents, the MCA website offers comprehensive instructions.

Register Your Business

You can register your Section 8 Corporation on the MCA website as soon as you have all the necessary paperwork. Normally, the registration process takes 10 to 15 days. A little registration charge will be required from you, which is significantly less than the registration costs for other kinds of businesses.

Request a Tax Exemption

You may submit an application for a tax exemption under Section 80G of the Income Tax Act once your Section 8 Company has been registered. This will make it possible for individuals and organizations to donate to your business tax-deductible. As a result, you’ll be able to save money on taxes, which will free up more funds for your charitable endeavors.

With the correct planning and preparation, starting a Section 8 company can be a rewarding experience that too at an affordable cost of Section 8 Company Registration kolkata. These pointers can help you register your company and start improving your neighborhood. You can also skip the hard work of scrutinizing a Section 8 Company Registration Consultant. How? Yes, you can just visit our website and have a chat with our experienced professionals and get your section 8 organization registered without facing any sort of adverse effects.

What is Requirement of Private Limited Company Registration?

Private Limited Company is one of the most popular types of business structures in India. It offers many benefits, like limited liability protection, better capital raising potential and more professional management. It also has certain requirements that must be met before it can be registered.

Now we will take a look at the various requirements for register a Private Limited Company in India, such as name approval and obtaining a Certificate of Incorporation. We’ll also cover the documents you need to provide and other important steps to ensure your company is successfully registered. Read on to learn more about how to start private ltd company kolkata at cost-effective fees and get highly experienced consultant for it.

How to Register Private Limited Company?

A private ltd company legal entity for startup business and how to manage that type company is vital task for new entrepreneurs. In order to register a private limited company kolkata, the following requirements must be met.

The company must have at least two directors.
The company’s registered office must be located in India.
The company must have a minimum paid-up capital of INR 1 lakh.
The company must file its Memorandum of Association and Articles of Association with the Registrar of Companies.
The company must obtain a Certificate of Incorporation from the Registrar of Companies.

Procedure of Private Limited Company Registration

The first step is to obtain the Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed directors of the company. These can be applied for online through the MCA21 portal.

The next step is to file an incorporation application with the Registrar of Companies (ROC) along with the prescribed fees, DSCs, and DINs. The ROC will scrutinize the application and documents and, if satisfied, will approve the incorporation of the company.

Once the company is incorporated, it must obtain a Certificate of Commencement of Business within 180 days from the date of incorporation. This can be done by filing Form INC-20A with the ROC along with the prescribed fees.

The newly incorporated private ltd company must also open a bank account in its name and obtain a PAN from the Income Tax Department.

Advantages of Private Limited Company

A private limited company has many advantages over other business structures. These include:

Limited liability :- The shareholders’ liability is limited to their investment in the company. This means that they will not be held personally liable for the company’s debts.

Flexibility :- A private limited company can be more flexible in its operations than a public company. For example, it can have fewer directors and can make decisions more quickly.

Tax benefits :- Tax compliance of private limited company can claim certain tax benefits, such as exemption from capital gains tax.

Access to finance :- A private limited company may find it easier to raise finance than a sole proprietor or partnership. This is because investors are often more willing to invest in a company with limited liability.

What You Should Have Known About Nidhi Finance Company

Nidhi finance companies are a dime a dozen in India. Do you know how they work? What their objectives are? Here, we will explore all you need to know about it. Nidhi companies are credit cooperatives that provide small loans to members without taking any collateral. They use a savings-linked deposit system where members contribute to a common pool of funds from which loans are given out. Nidhi companies usually have two different kinds of products: short-term and long-term loans. Short-term loans are generally for smaller amounts and have a tenure of up to one year, while long-term loans can go up to five years.

Why Nidhi Limited Company Important for Business

Nidhi limited companies play an important role in financial business by providing loans to small businesses and entrepreneurs. They are able to offer these loans at a lower interest rate than banks and other financial institutions, which makes them an attractive option for business owners.

In addition, Nidhi company can help business owners access capital that they may not be able to obtain from traditional sources. This can be especially helpful for start-ups and businesses that are expanding. By providing financing to these businesses, Nidhi finance companies can help them grow and create jobs.

Finally, Nidhi finance companies can provide a much-needed source of capital for businesses during economic downturns. When banks tighten their lending standards, it can be difficult for businesses to obtain loans. However, Nidhi finance companies are often willing to lend money to businesses even during tough economic times. This flexibility makes them an important source of funding for many businesses.

How To Register Nidhi Limited Company

Nidhi Company are regulated by the Ministry of Corporate Affairs (MCA) and are required to follow certain guidelines. In order to register a Nidhi company, the promoters must first submit an application to the MCA along with the necessary documents.

The MCA will then scrutinize the application and if everything is in order, they will issue a Certificate of Incorporation Nidhi Company. Once the company is registered, it must comply with the provisions of the Companies Act and the Rules framed thereunder.

The Nidhi company must have a minimum paid-up capital of Rs 5 lakhs and a minimum net worth of Rs 10 lakhs. It must also have at least 200 members. The board of directors must have a minimum of 3 members and a maximum of 15 members.

The company must have its own seal and common seal. The common seal shall be used only by the authorized signatories on behalf of the company. The company must maintain proper books of accounts and get them audited by a qualified chartered accountant every year.

The Nidhi Company can accept deposits from its members only and no other person or entity. The deposits accepted by the Nidhi Company shall be in compliance with Sections 73 to 76 of Companies Act, 2013 read with Rule 8 of Companies (Acceptance of Deposits) Rules, 2014.

Requirement of Nidhi Company Registration

A Nidhi company is a non-banking finance company (NBFC) that is registered under the Companies Act, 2013. Nidhi companies are also known as permanent NBFCs or deposit taking NBFCs.

Nidhi companies are set up with the primary objective of collecting funds from their members and deploying them for the welfare of their members in the form of loans and advances. Thus, a Nidhi company must have a minimum membership of 200 people. Further, at least 10% of its net owned fund should be invested in government securities or other approved securities.

In order to register a nidhi company kolkata, the following documents must be submitted to the Registrar of Companies:

1. A duly completed application form along with the prescribed fees
2. The memorandum & articles of association
3. A list of directors and shareholders of the company
4. An affidavit from each director regarding his/her eligibility to hold office
5. A declaration from each director that he/she is not disqualified from holding office under any law
6. Such other documents as may be prescribed by the Registrar.

Important Fact about Private Limited Company for Startup Business

Before starting a business, it’s important to understand the different types of business entities that are available to you. One such type is a private limited company. A private limited company is a legal entity that is incorporated under the Companies Act. It is a separate legal entity from its shareholders, meaning that it can enter into contracts, own assets, and incur liabilities in its own name.

A private limited company must have at least two shareholders and a maximum of fifty. The shareholders must be natural persons (i.e. individuals, not companies) and they must subscribe to the memorandum of association of the company. The shares of a private limited company cannot be offered to the public and are not listed on any stock exchange.

There are many benefits to incorporating as a private limited company, such as limited liability protection for the shareholders, easy transfer ability of shares, and tax advantages. If you’re thinking of starting a business, be sure to consult with a professional to see if a private limited company is the right structure for you.

How To Start Private Limited Company Today

There are many important things to know about starting a Private Limited Company kolkata, but one of the most important is that it can be done easily and quickly if you follow the right steps. Here are those steps:

1. Choose a business structure. There are several options for business structures in India, but a Private Limited Company is the best option for most businesses.

2. Register your company with the Registrar of Companies. This can be done online or through an agent.

3. Get a director Identification Number (DIN). This is required for all directors of the company.

4. Obtain a digital signature certificate (DSC). This is also required for all directors of the company.

5. Draft and file the Memorandum and Articles of Association (MAA) with the Registrar of Companies. These documents detail the rules and regulations governing the company.

6. Pay the registration fee and obtain the Certificate of Incorporation Pvt Ltd Company from the Registrar of Companies. Congratulations, your company is now officially registered!

Function of Private Limited Company

A private limited company is a type of business entity in which the shares are not publicly traded. The shareholders of a private limited company are not able to sell their shares to the public. Private limited companies are often closely held, meaning that there are only a few shareholders.
There are several advantages to structure your business as a private limited company. One advantage is that the liability of the shareholders is limited to their investment in the company. This means that if the company goes bankrupt, the shareholders will not be held personally liable for the debts of the company. Another advantage of a private limited company is that it can raise capital by selling shares to investors.
A private limited company also has a simpler governance structure than a public company. There are fewer compliance requirements and filings that need to be made with the government. This can save time and money for the business owners.
The disadvantages of a private limited company include the fact that it can be difficult to find investors willing to purchase shares and it can be challenging to sell shares if the business owners want to exit the business. There is also less transparency with a private limited company since the financial information is not publicly available.

Benefits of Private Limited Company Registration

A private limited company is a type of business entity in India that offers many advantages for entrepreneurs who are looking to start their own businesses. Some of the main benefits of registering as a private limited company include:

Limited liability protection: One of the biggest advantages of setting up a private limited company is that the liability of the shareholders is limited to their investment in the company. This means that if the company goes into debt or is sued, the personal assets of the shareholders will not be at risk.
Increased credibility: Private limited companies are seen as being more credible than sole proprietorships or partnerships. This can make it easier to raise capital from investors and to get loans from banks.
Separate legal entity: A private limited company is a separate legal entity from its shareholders. This means that the company can enter into contracts, buy property, and sue or be sued in its own name.
Flexible ownership structure: A private limited company can have any number of shareholders, making it easy to bring in new partners or investors as needed. The shares in a private limited company can also be easily transferred, making it easy to sell your stake in the business if you want to exit down the line.

How Nidhi Company Registration is Essential for Your Business Success?

Nidhi Company is a type of NBFCs and Banking companies. Registration process of a this Company is easier than NBFCs. In order to register a Nidhi Company, license from Reserve Bank of India is not compulsory. Do you know about ‘Nidhi Limited Company?’ I can bet that most of the users do not know about this kind of organization.

Nidhi companies are categorized as a type of Banking companies and its registration procedure is easier compared to NBFCs. In order to register that Company, license from Reserve Bank of India is not compulsory. To start a Nidhi company, at least seven people and an initial capital of Rs 5 lakh are required. Initially three directors are needed for company registration. This is also possible how to register nidhi company in kolkata.

Every director or promoter must have a copy of ID proof, PAN card and address proof to apply for nidhi finance company in India. In order to complete company registration procedure in few working days. If you are in India, you may search with the phrase quick nidhi company registration to get more information about that. Now let us focus on the topic :

Steps to Register Nidhi Limited Company

Application of DPIN and DSC – DPIN (Director’s PIN Number) and digital signature is important for Nidhi Company and all the partners are required to apply for Nidhi Company. Issue of DPIN will be accomplished by Ministry of Commerce and Affairs, Govt. of India.

Approval of Name – It is essential to submit 3 alternatives to Ministry of Commerce and Affairs for the choice of name of your Nidhi Company. Names provided must be unique and out of them, one will be selected.

Submission of MOA and AOA – Once the approval is granted for the name, AOA and MOA are required to be submitted. Both AOA and MOA are to be filed with the Ministry of Commerce and Affairs with the statement of subscription.

Obtain Incorporation Certificate – Generally, 15 to 25 days are required to make a Nidhi Company and obtain its incorporation certificate. Your CIN number is included in its incorporation certificate.

Application for PAN, TAN and Bank Account – Once applied for PAN and TAN, they can be obtained in 7 working days. In order to open Bank Account, you need to submit PAN, MOA, AOA and incorporation certificate.

Hopefully by reading the article, you have obtained detail idea about start new nidhi company registration India. You may search on the Internet to get more useful information about the topic.

Why Private Limited Company Registration and Tax Compliance is Required

Is the business a part of your future plans? If yes then there is a lot to know before you take further steps. Once you are done choosing the type of business you are interested in, next it is time to register your business. You will be getting the answer to why private limited company registration and tax compliance are required for business.

What is a private limited company?

A private limited company is one of the most renowned types of registration and it is chosen by thousands of entrepreneurs for commencing their business. It offers great adaptability, flexibility, limited liability, and also a great scope for expanding a business.

Requirement of Private Limited Company Registration

While you are planning to get into business it is mandatory to register a private limited company to ensure that the business is legal as per rule of the Government of India. Here are some reasons why it is important to register a Pvt Ltd company.

1. Lack of Personal Liability

Yes, it is true that while you are registering a business as a private limited company the business gets a legal entity of its own. Moreover, it also gets registered as a juristic person under the Companies Act, 2013. Once your business gets registered a company there is no such personalities of the directors and the shareholders for the debt of the company to the creditors of the company.

2. Going Large Scale

By formation of private limited company, it provides access to foreign organizations and investors a chance to invest in an organization without the approval of the government. It also makes it easy for entrepreneurs to go on a world wide scale. If you are looking forward to be an entrepreneur then it is always beneficial to have Incorporation of private limited company.

Process of Registering a Private Limited Company

While we scroll across the internet a very common question that comes up from the entrepreneurs is How To Register Private Limited Company? Here is the process of formation of private limited company.

Obtain DSC (Digital Signature)

Digital signature is required to fill the forms for incorporating a company. The process is conducted online and the forms need a digital signature certificate. The DSC is required to be recognized by a certified authority.

2. Application for DIN

DIN is an identification number for a director. Anyone who wants to be a director in a company needs to have a DIN. While you are way for applying the DIN there are 3 ways of getting it and they are as follows,

Form DIR3 :- This form is for individuals who are willing to be a director in an existing company. For filling this form there si a need of identity proofs like Aadhar card, PAN,etc. Along with it address proof is also required.

SPICe+ :- By filling this the DIN number for those who do not have a DIN. Through SPICe+ (INC 32), maximum of three directors can apply for their DIN.
Companies like One Click Business Solutions are here for your support to provide assistance on the entire procedure of registering a private limited company.

3. Name approval

The next step in this procedure is to approve the name of the company. In this part there is a need of filling up the form PART-A of the SPICe+ Form. The Ministry of Corporate Affairs has instructed to fill SPICe+ web service for registering a company.

DIN and DSC are not required for filling of SPICe+ form reserving the name. Another method for name approval is by filling Part-A and Part-B of SPICe form at a same time.

4. Form SPICe+ (INC-32)

MCA has introduced Form SPICe+ for the incorporation of new organisations from 23February 2020. The registration under Part-B of the SPICe+ form is conducted online. The Part B of the new SPICe+ form allows online registration and delivers the following reasons with the benefits of a single application.

Application for DIN
Company’s name reservation
Registering a new company
Application TAN and PAN is mandatory
Application for EPF registration is mandatory
Application for opening a bank account in the name of the company is important.
GSTIN is applied if desired

5. Moa and AoA

These forms have been introduced by the government of India to simplify the method of incorporating a company. The MoA signifies the character of the organization and AoA consist the rules and regulations that are set the company.

6. PAN and TAN

The SPICe+ form also allows you to apply for the company’s TAN and PAN. the certificate of incorporation of PLC is issued along with PAN as mentioned by the income tax department of India once the SPICe+ form. If all the mentioned details are accurate the MCA will confirm the registration and a CIN will be provided. The MCA portal can also be followed from the MCA portal.

This was the process of private limited company registration. If you are also willing to establish a business of your own, it is important that you register your business as a private limited company and also fall under the tax compliance for enjoying the benefits and securities of a registered business.

One click business solutions provides you the assistance in the entire process of establishing a business. Do not worry about the price of our service as we work at an affordable and competitive Private Ltd Company Registration Fees and are way away from secret charges. To know more on How to Manage Pvt Ltd Company visit our website or contact us on the mentioned details for the best service of company registration & Tax Compliance Services.