PRIVATE LIMITED COMPANY

A company is a legal entity formed by individuals or entities to carry out business activities. It is an organization formed by a group of individuals (shareholders or members) who invest capital and it operates with its own set of rights, duties, and liabilities. It is a business structure where liability of shareholders is limited

Documents required for company

Here’s a list of documents required for company registration:

  • PAN card, Adhar Card and photo of all directors
  • Electricity bill/ Sale deed if owned premises
  • Rent agreement and NOC, if rented premises
  • MOA and AOA
  • DIN of all directors
  • DSC of all directors
  • DIR-2 i.e. consent to act as director

BENEFITS OF PRIVATE LIMITED COMPANY

Forming a company offers a range of benefits, here are some key advantages:

  1. Limited Liability
  2. Easy Transferability of Shares (Limited)
  3. Access to Capital
  4. Perpetual Existence
  5. Tax benefits
  6. Flexibility in Ownership and Management
  7. Better creditability
  8. Separate Legal Entity

POST REGISTRATION COMPLIANCE

  • Board meetings
  • Annual General Meeting (AGM)
  • Appointment of Auditor
  • Filing of Financial Statements (AOC-4)
  • Income tax returns
  • PAN and TAN application
  • TDS Compliances

REGISTRATIONS REQUIRED BY COMPANY AFTER ITS FORMATION

  1. GST Registration
  2. Employees’ Provident Fund (EPF) Registration
  3. Employees’ State Insurance (ESI) Registration
  4. Shops and Establishments Act Registration
  5. Import Export Code (IEC) Registration
  6. Trademark Registration

FSSAI Registration (for Food-related Business)