How to Register Private Limited Company Online in India
A private limited company is one of the most beneficial forms of business structures for entrepreneurs as it shields the personal assets of shareholders. This form of business is also more investor-friendly and can help in securing better bank loans and credit lines. It is important to choose the correct business structure as different types have different rules and regulations regarding business expansion, income tax, and more.
In India, the process of registering a private limited company has been completely shifted online. All the documents required are scanned and self-attested, and can be submitted directly via the MCA portal or email. Once all the formalities have been completed, the Registrar of Companies will issue the Certificate of Incorporation along with PAN and TAN to the registered business.
To begin the process of a Private Limited Company Registration, you must first acquire a Director Identification Number (DIN). You can do so by filing a DIN e-form on the official MCA portal. This is a mandatory requirement under the Companies Act, 2013, and all intending directors must possess a DIN before applying for company registration.
Next, you must prepare the Memorandum of Association and Articles of Association (MOA & AOA) for your new business. To do this, you must draft a legal document that defines the relationship between the shareholders and the company's objectives. This is the most crucial step in forming a private limited company, as it ensures your legal right to run a business in the country.
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