Private limited Company registration requirements
As you know the business in India is the most grooming field that rises the economic status with the earnings. So that people from various locations in India have started many number of business entities that is also registered under a specific legal form according to the Indian jurisdiction. First thing want to know while starting a company is the location decided for the existence. It is the location can help you for the local coverage of market in a best manner. Once the local business get bloomed then the confidence of starting online based business will be an easy one. To get connected in the worldwide locations with wide range of customers by sitting idle in one location through internet is the latest trend which is followed by every business man in our country as well as the other. If you wish to know about the online business then Click here
The process of registering a company in anywhere in India is under certain legal forms like Private limited, Public limited, OPC etc. So here we are discussing about the Private limited company registration process and also the factors that you need to know prior on the procedure.
About Private limited company
Private limited company is already discussed that it is the common legal form preferred for the business organization. The number of people and the financial requirements lead to the formation of such a company registration. For a private limited firm the legal formalities are processed based on the Company’s Act of 2013. Registration process of the company is carried forward with the Ministry of Corporate Affairs. An important thing to notice is that the Name of the Entity should end with Pvt Ltd which point out the phase of Private limited Company registration. There is something you need to know about the share transfer process of the company is available here, Check now
So telling about the Private limited company requirements the name of the entity is noticeable along with followed with proper procedures. Let us see the major documents required for the registration process:
Ultimate requirements of documents for the people with nationality INDIAN are:
- PAN Card
- Address Proof
- Resident proof
We will see the purpose of each documents here,
PAN card
PAN (Permanent Account Number) is issued by the Income Tax Department for the unique Identification of the people in the country. So the while starting a company for its registration process the PAN card is purely important of the number of each directors or partners in the company. Company registration process specifically notice the name issued in the PAN card as the main reference to the Ministry of Corporate Affairs. Any problem in the name of the directors in the PAN card is must to be noticed soon for the company security.
Address Proof
It is necessary to follow the instruction of the submission of Address proof of the Directors in the company. Address proof of the proposed director is required to submit the proof in which the name of the person should be the same. It is better to produce the recent address of the director for the registration process. So far you can be clear to submit the address proof of the director of the firm with the Electricity bill, Telephone bill, Aadhar card, Passport, Voter ID etc. The proof should not be older than 2 months.
Resident Proof
While submitting the address proof of the director it is necessary to check the current address of the person with their residential address proof. So the director of the company should submit the resident proof which cannot be older than 2 months. Bank statements, Telephone bill, Electricity bill etc. can be submitted as the Resident proof
If suppose the company registration process is required for any foreign nationality person then the documents required is the same with an official translator.
