Private Limited Company Registration is a very common and easy to way Startup method in India and legal way too
The reason are many for the same and because of these reasons private limited company registration is very famous in India,
And mostly Startup community prefer private limited company registration
Although setting up a limited company is also a option for startups but preference is being given to incorporate a company which is Private Limited,
So we advise go for the register private limited company
So lets go deeper and know what are the Minimum Requirements of Opening or registering a Private Limited Company for a Startup in India :-
Minimum 2 Shareholders
Minimum 2 Directors
Atleast 1 of the Directors shall be an Indian Resident ,The directors and shareholders can be same person
DIN (Director Identification Number) for all Directors
DSC (Digital Signature Certificate) for Directors, Shareholders & Witness
Witness for Memorandum of Association / Articles of Association Subscriber
There is a list of Documents Required from Individuals who are going to be promoters and Directors in the Private Limited Company and the same is listed herein :-
- Passport size photograph (Scan Copy)
- PAN Card copy (Mandatory)
iii. Aadhar Card (Mandatory)
- Proof of Identity
(Any one of the below)
l Passport l Voter ID
l Driving License
- Proof of Residence (in the name of applicant)
(Any one of the below)
l Bank Statement l Electricity Bill
l Telephone Bill l Mobile Bill
Few important points must also be taken care with like ,
The scan documents to be clear & visible
- Identity Proof must be in addition to PAN Card
- The address proof should be in the name of the applicant and must have Pincode/Zip code in it.
- The address proof shall be not older than
30 days (In case of Telephone bill, Bank statement, Light bill & Mobile bill)
- The Identity & Residence Proof must be attested by the Notary Public.
6. Before attestation and notarization of the documents, please email us the scanned copy of proofs for checking.
Procedure to Start a Private Limited Company in India for Startup is given herein :-
Preparation of Main Object & Name Availability Search
Applying For DSC (Digital Signature Certificates ).
Applying for DIN (Director Identification Number.
Preparation of Main Object of Company.
The Promoters have to provide atleast 6 unique names for company name .
To make an online search for availability of names
Promoters confirmation of draft main object and final name
Only One unique name can be applied for Incorporation
Step Wise Synopsis of Procedure
Filing of Incorporation Documents
Filing Incorporation documents with ROC
Online uploading of e-Forms
Payment of Registration fees & Stamp duty
Getting the Directors’ DIN, Name Approval & Incorporation Certificate.
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