Documents Required for Private Limited Company Registration
For each director and shareholder:
- Passport-size photograph.
- PAN Card*
- The Aadhar Card*
- Voter ID, passport, or driving license*
- Telephone/Electricity/Electricity Bill/Bank A/C Statement (not older than 2 months)
For each director and For a new company's address proof:
- Telephone/Electricity/Electricity Bill (not older than 2 months)
- Title/Sale: Owned Property
- Rent Agreement - Rented Property
- NOC: Rented Property
For a new company's address proof:
- Passport*
- Documents should be notarized, consularized, or apostilled.
Timelines for Private Limited Registration
The DSC and DIN of the proposed directors can be obtained in 1 dayThe Certificate of Incorporation of an Private Limited is obtained in 3-5 days The whole incorporation process of an Private Limited takes approximately 10 days subject to departmental approval and revert from the respective department.
About Private Limited
- A Private Limited Company is a type of corporation suitable for small businesses.
- It limits shareholders' liability for their shareholdings and caps the number of shareholders at 200.
- Shareholders are prohibited from publicly trading their shares.
- Registration as a Private Limited Company is a common way to form an organisation in India.
- A Private Limited Company can have at least two members and a maximum of fifty members.
- Directors of a Private Limited Company have limited liability to its creditors.
- Incorporating your business as a registered company has many advantages, including ease of registration and dissolution.
- In case of loan defaults, banks can sell the company's assets but not the directors' personal assets.
- To start an organization in India, it is important to register the company under "Company Registration" first.
Eligibility for Private Limited Company Registration in Chennai
- A minimum of two directors is required.
- One of the directors must be an Indian resident.
- The minimum authorised share capital is Re.1.
- Digital Signature Certificate for 2 Promoters.
- The director and shareholder can be the same person.
- Director Identification Number (DIN) for all directors.
- DSC (Signature Certificate) for directors and shareholders.
