How to Register a Private Limited Company: Uncovering the Steps

If you have planned to formalize your business operations and are looking for the best legal structure, going to register private limited company would be the most viable option. A private limited company can be defined as the most common legal business structure that is privately owned and restricts the owners' liabilities to their shareholdings. The following blog portrays the top benefits and the documents needed to register pvt ltd company.


company registration in Bangalore


Process of Private Limited Company Registration in India

You need to have a Digital Signature Certificate (DSC) for the directors of the companies.

  • The director should consist of a Director Identification Number (DIN).
  • Documents like the Articles of Association (AOA) and Memorandum of Association (MOA) both have to be signed by the subscribers.
  • Reserve the company name by using the Reserve Unique Name (RUN).
  • Applying for PAN and TAN.
  • Opening a bank account.

Documents for Private Limited Company Registration

  • Identity proof and documents like Aadhar card, PAN,
  • Address proof (passport and voter ID) of all directors and shareholders.
  • Passbook or bank records and statements of both directors and shareholders.
  • A passport-size photo of both
  • Digital Signature Certificate (DSC).
  • Memorandum of Association (MOA).
  • Articles of Association (AOA).

 

Benefits of Pvt. Limited Company Registration

More Trust and Credibility

A private limited company is more credible than sole proprietorships and partnerships. This increased credibility and reach help attract the investors, lenders, customers, etc.

 

Ability to Raise the Capital

Choosing private limited company registration can help raise funds easily through the issuance of shares to investors by seeking loans from financial institutions, etc.

 

Perpetual Succession

One of the most vital benefits of a pvt limited company registration is that it continues to exist even if the shareholders or the directors change. This is approved and ensures business continuity.


To end with

Owing to its flexibility and uniqueness in character, it is a viable choice among all entrepreneurs and small business owners. Thus, the above-mentioned features gave you a close idea of what company registration in Bangalore is and what the steps involved with it are.

Location: India

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