Why Choose a Private Limited Company?
- Limited liability protection for directors and shareholders
- Separate legal entity status
- Easier access to funding and investment
- Better credibility with clients and vendors
- Perpetual succession
Requirements for Incorporation
- Minimum 2 directors (at least one must be a resident Indian)
- Minimum 2 shareholders (can be the same as directors)
- A registered office address in India
- DSC (Digital Signature Certificate) for directors
- DIN (Director Identification Number)
Step-by-Step Process
- Obtain DSC for all proposed directors
- Apply for DIN via SPICe+ form
- Reserve company name via RUN (Reserve Unique Name)
- File SPICe+ form with MCA along with all documents
- Receive Certificate of Incorporation
- Apply for PAN, TAN, and GST registration
Timeline and Cost
The entire process typically takes 10-15 working days. Government fees vary based on authorised share capital. Professional fees for incorporation typically range from Rs. 10,000 to Rs. 20,000.
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