Private Limited Company

1. A Private Limited Company is a type of company where at least 50% of its total shares are owned by a foreign legal entity. This means that a company from another country has significant ownership in this company. The foreign company that has this ownership control is known as the Parent Company or Holding Company.
2. The subsidiary company, in this setup, can be either created from scratch or acquired by the holding company. Regardless of how it comes into existence, the holding company holds a majority of the shares in the subsidiary company. This gives the holding company significant influence and control because it is the largest shareholder.
3. When the holding company owns all 100% of the shares in the subsidiary company, it's referred to as a wholly-owned subsidiary. In simpler terms, this means the holding company has full ownership and control over the subsidiary company.

What is the overall process for registering a private limited company?
Understanding the steps involved will give you a clear roadmap of what to expect.

1. Step 1 - Choose a Suitable Name
2. Step 2 - Determine the Company's Structure and Directors
3. Step 3 - Prepare Documents
4. Step 4 - Registered Office Address
5. Step 5 - Appoint a Company Secretary (if required)
6. Step 6 - File the Incorporation Documents
7. Step 7 - Payment of Fees
8. Step 8 - Receive Certificate of Incorporation
9. Step 9 - Open a Business Bank Account
10. Step 10 - Obtain Necessary Permits and Licences
11. Step 11 - Register for Taxes
12. Step 12 - Comply with Ongoing Requirements
13. Step 13 - Shareholder Meetings and Records
14. Step 14 - Compliance with Corporate Governance
15. Step 15 - Business Operations
16. Step 16 - Annual Filings and Compliance

What is a private limited company, and why should I consider registering one?
A private limited company is a legal entity separate from its owners that offers limited liability protection to its shareholders. Registering a private limited company provides several advantages, such as limited liability, ease of raising funds, and a structured corporate framework. It is a popular choice for small to medium-sized businesses.

How many directors and shareholders are required for a private limited company in India?
A private limited company must have a minimum of two directors and two shareholders. One person can hold both the director and shareholder positions. However, it's important to have at least one Indian resident director.

What is the minimum capital requirement for registering a private limited company in India?
There is no specific minimum capital requirement for a private limited company in India. You can start with any amount of authorised and paid-up capital that suits your business needs. It's common to have a nominal capital, such as INR 1,000, during registration.

How long does it typically take to complete the registration process for a private limited company?
The registration process for a private limited company typically takes around 15 to 30 days, depending on factors like the availability of required documents and government processing times. It involves steps such as obtaining Digital Signature Certificates (DSCs), Director Identification Numbers (DINs), and name approval, as well as submitting incorporation documents to the Registrar of Companies (RoC).

What are the compliance requirements for a private limited company after registration?
After registration, a private limited company must comply with various statutory and regulatory requirements, including conducting annual general meetings, maintaining statutory registers, filing annual financial statements, and annual returns with the RoC. We will guide you through these compliance requirements to ensure your company operates smoothly and in accordance with the law.

Can foreign nationals or entities invest in a private limited company in India?
Yes, foreign nationals and entities can invest in a private limited company in India, subject to certain conditions and approvals. We can assist you in understanding the foreign direct investment (FDI) regulations and obtaining the necessary approvals if required.

DOCUMENTS REQUIRED

1. Self certified copy of PAN card of all Directors - 2 Copies
2. Four color passport size photograph of Directors
3. Copy of any utility bill or bank statement in the name of Directors
4. Mobile & Email of Director proposed Name & Objects of Company
5. Copy of Business proof of premises where company will be registered
6. Self certified copy of address proof of all Director- 2 copies, Anyone of Passport/Voter ID/Driving License/Aadhar Card
7. Incase of rented premises - Rent agreement + Latest electricity bill in the name of landlord + NOC
8. Incase of owned premises - Copy of sale Deed + Latest electricity bill in the name of owner

Starting a private limited company involves several steps and processes. Here's a professional outline of the steps generally followed to register a private limited company: