The Government has made new company registration online process more user friendly with a bunch of benefits from 23rd February 2020. Private Limited company is the most common form of Corporate Legal Entity in India. Company registration in India is a separate legal entity in the eyes of law formed by two or more persons, having a separate existence from its Owners (commonly known as Shareholders or Members) with a blend of Limited Liability of members and ability to hold assets and operate the business in its own name with an additional advantage of enjoying good credibility before the financial institutions.
Due to this credibility feature, it’s easier for a Private Limited company to raise funds from financial institutions which will be a lag in the case of Limited Liability Partnership. Advantages of a Private Limited Company are many and will be discussed in the article below.
New Company Registration Online – Anywhere in India
For a new company registration online, minimum two persons are required who will be the Shareholders as well as Directors of the company and a simplified process prescribed under the Companies Act, 2013 is to be followed which will be discussed further in this article.
It must also be noted that where it is desired that the two persons who will become shareholders shall not be appointed as Directors of the proposed company then two more individuals shall be required for the incorporation of Private Limited Company.
Documents and Information required for all the Shareholders and Directors
- 1 Passport Size Photograph;
- Identity Proof (Voter ID/Driving License/Passport);
- Address Proof (Bank Statement/Electricity Bill/Telephone Bill not older than two months);
- E-mail ID and Mobile Number of every Shareholder and Director; and
- Educational Qualification and Place of Birth of every Shareholder and Director.
Documents Required for Registered Office Address of the Company
If the property is rented:
- Electricity Bill/Water Bill/Gas Bill (not older than two months);
- No Objection Certificate (NOC) from the Owner of Premises; and
- Rent Agreement
If the property is owned:
- Electricity Bill/Water Bill/Gas Bill (not older than two months);
- The registered document which should be in name of the company evidencing title of the premises
Please remember that you can always file registered office within 30 days of the date of incorporation of company but advisable to file with company registration as it involves Government fees. In addition, if you miss to file within the said period there are additional fees as well
Advantages of Private Limited Company:
Following are the benefits of Company registration online which will drive the entrepreneurs to go for it:
- Corporate Personality:
A Private Limited company has corporate personality it means that in the eyes of law, it has an identity of its own different from its members which helps in brand building of the business.
- Limited Liability:
The Liability of Shareholders in a private limited company is limited to that extent up to which they have undertaken to contribute to the capital of the company.
- Uninterrupted Presence:
A company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
- Separate Property:
Being a separate legal entity, a company can acquire, own, enjoy and alienate, property in its own name and no shareholder can claim property of the company as his own as long as company is a going concern.
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What's more, that advanced cash is called digital currency.
Apply for Online Company Registration in India.
Register your company online within 10-15 days.
In India, the Central Government promotes businesses therefore they always come with new initiatives.
In this digital India, everything is converting from offline to online and all the businesses are also getting online.
Get a company registration online in India through register experts, we provide all the services online without any worries.
You can register your company through www.registerexperts.com by submitting your documents online.
Get your certificate of company approved by the Ministry Of Corporate affairs.
Our other services are trademark registration, NGO registration, FSSAI, GST registration and return filing, ITR, other company compliances, etc.
