The Requirements To Comply For Starting A Private Limited Company

Posted on by Adam Smith
Spread the love

If you are planning to set up a company there are several legal formalities you need to complete. First and foremost you have to formulate a business structure and then plan to register a pvt ltd company in India. There are various categories of subsidiary companies like limited liability partnership company, private limited company, holding company to mention a few of them. The specifications along with requirements of each of them are different. But if you are thinking of setting up a company in India it is better to opt for a private limited company. The structure of the business tends to be stable and offers you limited liability protection.

You may get in touch with private limited company registration at Bangalore and begin the process of registration.

The requirements for setting up a private limited registration company

There is a need to figure out the process of a public limited registration company so that the process is smooth.

  • Members number- there is a requirement of 2 to 200 members or shareholders to set up a private limited company
  • Director- the company needs to have a couple of directors. Every director has to obtain a direct identification number referred to as DIN from the corporate affairs ministry. Even one of the directors has to be a resident of India.
  • Company’s name- three components come to the fore when it is the name of a company. First is the actual name that you are willing to have. Secondly it is going to be registered name that the company is going to do business and the last part is  private limited company.
  • Digital signature certificate- in the current business market most business have taken the online route. So it is paramount that you obtain a digital signature that is equivalent to a normal signature. The directors of the company needs to possess a digital signature certificate and it has to be part of all digital documents that is authenticated and authorized by the director
  • Office address has to be registered- when you are going for registration the temporary address has to be submitted for registration. But after the registration process is over the complete address has to be submitted to the registration office. Be aware of the fact that the registered office of the company is the place where all the core functions of the business are known to take place. Even it is the place where the important documents of an organization is being kept.

In addition to the above requirements there are other specifications along with processes that has to be followed for registration of a company. Coming to the question of a smooth and hassle free registration process there are third party companies who may lend their expertise. They are a lot of leading companies in this line of business who are keen to provide end to end support. You have to get in touch with them to obtain more information.