How to Register Private Limited Company Online in India

How to Register Private Limited Company Online in India



Choosing the right business structure is vital when starting a new business. A registered company has distinct advantages over other types of businesses, including the ability to raise funds and the protections that its legal status provides for its shareholders. However, many entrepreneurs are unaware of the benefits of a private limited company and how to register it.

Private limited companies have the option of raising equity capital from investors through the issue of shares. This can help your business grow at a rapid pace. It also enables you to separate your personal assets from the liabilities of the company. In addition, a private limited company is required to pay annual corporation tax. This allows you to take advantage of the lower tax rates that are available to small and medium-sized enterprises.

There are a number of documents that are needed to register a private limited company. You can find the complete checklist of required documents on the MCA website. Among these, the most important are the Memorandum of Association (MOA) and the Articles of Association (AOA). The MOA lays down the general rules and regulations of the company, while the AOA outlines the duties and responsibilities of management.

Before you start the registration process, you will need to submit documents such as a DIR 3 form, DIN for all directors, AOA and MOA. You will also need to open a bank account and acquire PAN and TAN for the company. You can complete these forms through SPICe, which is a new option that was introduced in January 2018 by the MCA.

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