Private Limited Company Formation
Seamless Company Formation Services for Your Business
Overview
Private Limited Company Formation is a preferred choice for many entrepreneurs due to its distinct legal identity, limited liability, and scalability potential. This business structure separates personal assets from the company’s liabilities, offering protection to shareholders. The formation process involves registering your business with relevant authorities, making it a distinct legal entity capable of owning assets, incurring liabilities, and engaging in legal contracts.
The structure of a private limited company offers flexibility in management and decision-making, making it ideal for startups and growing businesses. It typically requires a minimum of two members and can have up to 200 members. Shareholders have limited liability, meaning their personal assets remain protected in case of business debts or legal issues.
The company continues to exist even if the ownership or management changes, ensuring continuity and stability. Additionally, private limited companies often gain more credibility among vendors, lenders, and partners, opening doors for more significant business opportunities
Eligibility
To forEmbark on your entrepreneurial journey with confidence by choosing our Private Limited Company Formation service. We specialize in providing comprehensive assistance to transform your business idea into a legally recognized entity. Our expertise in company law ensures a smooth and hassle-free formation process, tailored to meet the unique needs of your venture.
OverviewEmbark on your entrepreneurial journey with confidence by choosing our Private Limited Company Formation service. We specialize in providing comprehensive assistance to transform your business idea into a legally recognized entity. Our expertise in company law ensures a smooth and hassle-free formation process, tailored to meet the unique needs of your venture.
Overviewm a Private Limited Company, certain conditions must be met:
Minimum and Maximum Number of Members : At least two members are required, and the maximum number is limited to 200.
Directors : A minimum of two directors are needed, and at least one director must be a resident of India.
Unique Company Name : The proposed name should be unique and not similar to any existing company or trademark.
Registered Office Address : The company must have a physical address in India which will be the registered office.
Objectives of the Company : The objectives for which the company is being formed should be clear and legal.
Benefits
Limited Liability Protection: Shareholders in a Private Limited Company enjoy limited liability. This means that in the event of any financial losses or legal issues, their personal assets are protected, and only the amount invested in the business is at risk.
Separate Legal Entity: A Private Limited Company is considered a separate legal entity from its owners. This means it can own property, incur debts, enter into contracts, and be liable for its obligations, providing a distinct identity to the business.
Enhanced Credibility: Registering as a Private Limited Company can enhance the credibility and professional image of a business, building confidence among suppliers, customers, and investors.
Ability to Raise Capital: Private Limited Companies can raise capital more easily through the sale of shares. They also tend to be more appealing to investors and financial institutions.
Perpetual Succession: The company continues its existence irrespective of changes in ownership, ensuring operational continuity.
Tax Advantages: There are potential tax advantages to operating as a Private Limited Company, including lower corporate tax rates and tax-deductible expenses.
Documentation Required
Identity Proof of Directors and Shareholders : PAN Card for Indian nationals and passport for foreign nationals.
Address Proof of Directors and Shareholders : Aadhar card, voter ID, utility bill, or bank statement not older than two months.
Registered Office Proof : A recent utility bill along with a lease or rental agreement (if applicable) and a no-objection certificate from the property owner.
Memorandum of Association (MoA) and Articles of Association (AoA): Legal documents outlining the company’s objectives, rules, and regulations.
Digital Signature Certificate (DSC): For the directors, to sign electronic documents submitted to the Registrar of Companies (RoC).
Director Identification Number (DIN): A unique identification number for each director.
Our Step-by-step process
Step 1: Consultation We begin with a detailed understanding of your business model, goals, and requirements.
Step 2: Name Approval We assist in choosing a unique company name and getting it approved
Step 3: Documentation Collecting and preparing all necessary documentation, including MoA, AoA, and obtaining DSC and DIN for directors.
Step 4: Filing of Application We file the incorporation application along with all required documents with the RoC.
Step 5: Tracking and Communication We keep track of the application status and communicate with the RoC for any clarifications or additional information.
Step 6: Final Incorporation and Post-Registration Formalities Once the company is incorporated, we assist with post-registration formalities like obtaining a PAN, TAN, and opening a company bank account.
Why Choose us
Expertise in Corporate Laws : Our team is well-versed in the complexities of corporate laws and regulations, ensuring that your company formation complies with all legal requirements.
Personalized Consultation : We understand that each business is unique. We offer personalized consultations to understand your specific needs and tailor our services accordingly.
Streamlined Process : Our efficient and streamlined process ensures quick and hassle-free company formation, saving you time and effort.
Transparent Dealings : We believe in transparency. From costs to process steps, everything is communicated clearly to avoid any surprises.
Post-Formation Support : Our relationship with clients doesn’t end with company formation. We offer ongoing support for any future legal or regulatory needs.
FAQ
Is a trademark registered in one country valid globally?
Trademarks are territorial. Registration in one country protects you only within its borders. For global protection, you’d need to undergo international trademark registration.
What's the validity period for a registered trademark?
A trademark is valid for 10 years from its registration date. It can then be renewed for subsequent 10-year periods indefinitely.
Can I change the logo or name after registering a trademark?
No, once a trademark is registered, changes cannot be made. However, you can register a new logo or name as a separate trademark.
How is a trademark different from a patent or copyright?
A trademark protects brand names and logos, a patent protects inventions, and copyright protects original literary, musical, and certain other intellectual works.
If someone registers my trademark before I do, can I contest it?
Yes, if you can prove you were using the trademark before the other party, you may have a case. It’s best to consult with legal professionals in such scenarios.
What happens if I don't renew my trademark after 10 years?
If not renewed, your trademark protection will lapse, and it becomes open for others to register or use.
Can two companies register similar trademarks?
If businesses operate in entirely different sectors or industries, similar trademarks might be approved. However, if there’s a likelihood of confusion for consumers, the application might be rejected.
Do I need to have a business to register a trademark?
No, individuals can register a trademark even if they don’t have a formal business entity.
What does the '™' and '®' symbol represent?
‘™’ denotes that a trademark application is pending or the trademark is being used in trade but hasn’t been registered. ‘®’ indicates the trademark is officially registered with the trademark authority.
