How to Register a Private Limited Company with the help of LegalRaasta?

What is a private limited company?

Private Limited Company is the most prominent legal formation for businesses in India. A minimum of two and a maximum of up to 200 shareholders are permitted in a private limited company. A private limited company must have a minimum of two and can have up to a maximum of fifteen Directors. The Director needs to be over 18 years of age and must be a natural person. There is no limitation in terms of residency or citizenship. Minimum authorized capital of Indian Rupees 100,000 is required to form a private company in India with no upper limit. ADVANTAGES of a private limited company * Build a Great Team * Limit the Risk to Personal Assets * Greater capital contribution * Greater stability * Improve Business Credibility * Pursue Multiple Opportunities * Limited liability * Possibility to grow big and expand Registration of private limited company with the help of LEGAL RAASTA. First of all, go to www.legalraasta.com and click the ‘form a business’ option. There you need to select the first mentioned choice that is ‘private limited company’ and the process gets started.  

STEP 01: Complete a simple form

This is the starting of the registration process. At this stage, a form is filled by providing basic details about the company and the owners. This stage has been defined as sub-points---

• Your Details

Here you need to mention all the necessary details that have been asked. Name, email id, contact and company’s name are to be filled and the by clicking onto ‘Proceed’, you move further.  

• Company’s details

The second page of the form asks for the details of the company. The alternatives names and the address are mandatory for this column. Again after filling all the details, click on the ‘Next’ option.  

• Director’s details

Various particulars like the name/s, contacts, capital, address, etc are to be recorded at this level. The total capital that all directors would be investing is recorded along with the profit sharing ratio. For moving ahead, click on ‘Next’.  

• Business details

This column tells us about the nature of the business activity. By selecting one of the options provided, you confirm the business activity. Click ‘Next’ after giving some details is also needed for each business activity.  

• Pricing and packages

Each package is backed by 100% satisfaction promise money back guarantee. At this stage, various add-on services are clearly stated. Payments options are also available. If you have any discount option, you can apply at this very level.  

• Payment

By submitting the form, you proceed towards the payment gateway. Filling all the details regarding net banking will confirm your package and would lead to the second step.  

STEP 02: Obtain DSC and DIN from us

After you fill the form at the first stage, we will provide you with a DSC and DIN. DSC stands for digital signature certificate whereas DIN stands for director identification number. The process of giving up these certificates usually take 3 working days from our side.

STEP 03: Verification and name approval

Commonly the verification of the name of the company and then approving it would take 2 working days. The name of the company must be unique and shall not get involved in counterfeiting.Once the name has been verified, we shall apply for name approval.

STEP 04: Document submission

It is very important for a private limited company to get itself registered with the registrar of the company. Once the verification and approval process is completed, we begin to create all the required documents. The documents are then filed with the registrar of the company on behalf of you. This process generally takes 6 working days.

STEP 05: Work completion

This is the last stage of the registration process whereby the company gets a legal status. The company is formed into a legal corporation. Also when the company is incorporated, we send you all the required documents and DSCs. You are then being congratulated for the completion of the work.

Documents required:-

• Copy of PAN Card of directors
• Passport size photographs of directors
• Copy of Rent agreement (If rented property)
• Copy of Property papers(If owned property)
• Landlord NOC (Format will be provided)
• Electricity/Water bill (Business Place)