Private Company Incorporation
Registration of Private Limited Company is governed by The Companies Act, 2013. A Private Company is one of the most popular and common corporate legal entities in India. Start-ups and small businesses are increasingly choosing Private Limited Company for conducting their business as it allows funding the business from outside sources while preserving the right of management with them.
A Private Limited Company can be started with a minimum of 2 persons, private company incorporation is one of the most suitable forms of business because of the advantages like limited liability, separate legal entity, easy formation, etc. Further, there are no minimum capital requirements for the formation of a private company.
Incorporation of a company is the first step towards scaling up your business. Incorporation of a company under the Companies Act, 2013 is governed by the Ministry of Corporate Affairs. A Private Limited Company needs to have the words “Private Limited” as its suffix.
Basic Requirements for Incorporation of Private Company are:
1. Minimum 2 persons
2. PAN of members
3. Digital Signatures
4. Passport size photographs
5. Copy of Aadhaar/ Voter Id
6. Latest utility bills (Eg: Electricity or water bill)
7. Proof of ownership or property documents (in case of owned documents)
8. Rent Agreement (in case of rented premises)
Time taken to incorporate a Pvt. company at ARTS is 14-21 days subject to the submission of complete details.
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