Private Limited Company

Limited Liability for Shareholders: Protects personal assets of shareholders from company debts and liabilities.

Distinct Legal Entity: Operates as a separate legal entity from its owners, providing legal protection and clear structure.

Enhanced Market Reputation: Boosts business credibility and improves brand image, fostering trust among clients and partners.

Continuous Existence: Enjoys uninterrupted existence, regardless of changes in ownership or management.

Access to Financial Resources: Facilitates securing funding and loans, essential for business growth and expansion.

Tax Advantages: Benefits from various tax deductions and exemptions, optimizing financial efficiency.

Growth Opportunities: Opens doors for business expansion and scaling operations.

Employee Recruitment and Incentives: Allows for hiring staff and offering equity-based incentives, attracting top talent.

Increased Transparency and Compliance: Adheres to legal standards, ensuring higher levels of transparency and regulatory compliance.

Director Requirements: You need at least two directors, with one being a resident of India who has lived in the country for at least 182 days within the financial year.

Shareholder Requirements: A minimum of two shareholders is necessary.

Digital Signature Certificate (DSC): Ensure that all directors and shareholders obtain a Digital Signature Certificate.

Director Identification Number (DIN): Secure a Director Identification Number for all directors.

Name Approval: Submit a name approval application to the Registrar of Companies.

Drafting MOA and AOA: Prepare and have the Memorandum of Association (MOA) and Articles of Association (AOA) signed by all directors and shareholders.

Incorporation Documents: Complete and submit the incorporation documents to the Registrar of Companies.

PAN and TAN: Acquire a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), and Certificate of Incorporation (COI) from the Registrar.

Bank Account Setup: Open a corporate bank account in the company's name.

Business Licenses: Obtain any necessary business licenses and permits.

Once your Private Limited Company is officially registered in India, it is crucial to adhere to several legal and regulatory obligations. Here's a comprehensive overview of the key requirements:

1. Annual General Meeting (AGM): Organize at least one AGM every year, ensuring it occurs within six months following the close of the financial year.
2. Financial Statements: Annually prepare and submit financial statements to the Registrar of Companies (ROC). These should include the balance sheet, profit and loss account, and cash flow statement.
3. Income Tax Returns: Submit your income tax returns each year to the Income Tax Department.
4. GST Returns: Report GST returns on a monthly or quarterly basis to the Goods and Services Tax (GST) Department.
5. ROC Filings: Complete and file various documents with the ROC, including the annual return and statements regarding accounts and solvency.
6. Board Meetings: Conduct a minimum of four board meetings annually and keep detailed minutes of these meetings.
7. Statutory Registers: Maintain essential statutory registers, such as those for members, directors, and contracts.
8. Compliance Certificates: Secure compliance certificates from a qualified professional, like a company secretary or chartered accountant

Proof of Identity and Address:

• PAN Cards for all Directors and Shareholders
• Aadhaar Cards, Voter IDs, or Passports for all Directors and Shareholders
• Driving Licenses for all Directors and Shareholders (optional)

Proof of Registered Office:

• Proof of Registered Office Address, such as an Electricity Bill, Water Bill, or Property Tax Receipt
• No-Objection Certificate (NOC) from the property owner
• Rental Agreement (if the premises are rented)
• Sale Deed or Property Deed (if the premises are owned)
• For leased properties, include a copy of the lease agreement, along with rent receipts, a utility bill in the landlord's name, and a NOC from the landlord.