{"id":2617,"date":"2018-08-29T14:49:29","date_gmt":"2018-08-29T09:19:29","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2617"},"modified":"2020-07-28T18:26:26","modified_gmt":"2020-07-28T12:56:26","slug":"registration-process-of-private-company","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/registration-process-of-private-company\/","title":{"rendered":"What is Registration Process of Private Company"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A company is registered under the Companies Act 2013, pursuant to the applicable rules and regulation of the Companies Act 2013. To start with, out of available options of LLP, <a href=\"https:\/\/swaritadvisors.com\/partnership-firm-registration\"><em>Partnership firm<\/em>,<\/a> OPC, Private Company, a public company, it is suggestive to start with the private company, as it is a good mixture of corporate and LLP characteristic, that too at lesser compliance requirement. In this article we will discuss registration process of private company<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a8bd012481\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a8bd012481\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/registration-process-of-private-company\/#What_is_the_Minimum_Requirement_of_a_Private_Limited_Company_Registration_in_India\" title=\"What is the Minimum Requirement of a Private Limited Company Registration in India?\">What is the Minimum Requirement of a Private Limited Company Registration in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/registration-process-of-private-company\/#Features\" title=\"Features\">Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/registration-process-of-private-company\/#How_to_set_up_a_Private_Limited_Company\" title=\"How to set up a Private Limited Company?\">How to set up a Private Limited Company?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Minimum_Requirement_of_a_Private_Limited_Company_Registration_in_India\"><\/span>What is the Minimum Requirement of a Private Limited Company Registration in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To open a private company, one needs to apply at MCA portal online, by filing the application E-Form Spice 32. Minimum of 2 Directors are required and the maximum directors in a company can be 15. It is mandatory that one of the directors of a private limited company has to be an Indian Citizen and Indian Resident. Minimum Two of the shareholders are required to formulate a company. The shareholders can be natural persons or even an artificial legal entity, which could be two corporate, which are domiciled in India or abroad.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features\"><\/span>Features<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A private company enjoys easy transferability of shares, it can raise fund through the issuance of equity shares, preference shares, debentures. With the permission of RBI, it can also obtain accept deposits. As compared to LLP and partnership firm, the private company is preferred to be given loan by the financial institution. At the same time, no shareholder can claim the right over the company until the company has defaulted explicitly with regard to the shareholder rights.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_set_up_a_Private_Limited_Company\"><\/span>How to set up a Private Limited Company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now with the introduction of Spice form, a company can be formulated in a few days and the same form can be used for <strong><a href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\">Company incorporation<\/a><\/strong> and to apply for the PAN and TAN of the company. The application for incorporation can be filed with the help of Company Secretary, Chartered accountant, or such other authorized person or consultancy. The very first step towards company registration is to apply for the name approval; after that, one needs to proceed for the company incorporation form in Spice Form 32. In case the directors do not have DIN apply for it, also the authorized signatories must have the DSC. The AOA and MOA must be formulated and attached in the incorporation from, the attachments also include the identity proof of the authorized signatories, Directors, and registered office address proof.<\/p>\n\n\n\n<p>On successful submission of the incorporation form, it shall be reviewed by the registrar and after proper scrutiny on finding everything proper, the certificate of registration shall be granted. Even the NRIs, foreign nationals and foreign entities can register a company and can also invest in India, through adherence to the Foreign Direct Investment norms issued by the RBI.<\/p>\n\n\n\n<div class=\"read\"><p><b>Also, Read:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/importance-of-company-registration-in-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Importance of Company Registration in India\n<\/a><\/mark>.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A company is registered under the Companies Act 2013, pursuant to the applicable rules and regulation of the Companies Act 2013. To start with, out of available options of LLP, Partnership firm, OPC, Private Company, a public company, it is suggestive to start with the private company, as it is a good mixture of corporate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[168],"tags":[200],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2617"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2617"}],"version-history":[{"count":5,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2617\/revisions"}],"predecessor-version":[{"id":11961,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2617\/revisions\/11961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2618"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}