What is a Private Limited Company?

According to the Companies Act, 2013, a company may be formed for any lawful purpose by two or more persons, in which the company is:

• Limited by shares, i.e., a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them
• Having a minimum paid-up share capital as may be prescribed, and which by its articles
• Limits the number of its members to two hundred

Advantages

• Attract Investors and FDI
• Flexibility & Easy Expansion for better growth
• Separate Legal Entity
• Gain Confidence in Brand Promotions & Branding

Required Documents

• Require Documents Address & ID proof of all Directors
• Mandatory – PAN Card
• ID Proof – Voters Identity Card / Driving License / Passport / Aadhar Card
• Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill
• Address Proof of registered office – Address proof of proposed registered office for registration of company

Process

1. Initial level discussion between the Promoters and FirstMan Team
2. Ascertaining documents required and availability
3. Preparation and signing of documents
4. Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors
5. Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors
6. Preparing MOA and AOA
7. SPICe (INC-32) Filing i.e., Incorporation of the company
8. Company PAN & TAN

Time for Registration

• It takes around 7 to 10 days to complete the company registration process, subject to MCA approvals.