The Society Registration (Ngo) in a Jharkhand – Complete process

 

WHAT IS PRIVATE LIMITED COMPANY REGISTRATION? DO YOU KNOW HOW TO CREATE AND REGISTER PRIVATE LIMITED COMPANY ONLINE? DO  YOU KNOW THE ADVANTAGE OF REGISTERING COMPANY ONLINE?

WHAT IS PRIVATE LIMITED COMPANY REGISTRATION

 

 

Private Limited Company (PLC) registration is the process of incorporating a type of company in which the ownership is held by a group of private individuals or entities. In a private limited company, the liability of the shareholders is limited to the amount of capital they have invested in the company. PLC registration is a legal process that involves obtaining a certificate of incorporation from the Registrar of Companies (RoC).

PLC registration provides a formal structure for running a business and offers several advantages, such as:

1.     Limited liability protection: The liability of the shareholders is limited to the amount of capital they have invested in the company, which means they are not personally liable for the company's debts and losses.

2.     Separate legal entity: A PLC is a separate legal entity from its owners, which means it can enter into contracts, buy and sell property, and sue or be sued in its own name.

3.     Credibility and trust: A PLC is seen as more credible and trustworthy than other forms of business structures, such as sole proprietorship or partnership.

4.     Perpetual existence: A PLC has a perpetual existence, which means it continues to exist even if the shareholders die or leave the company.

5.     Easy transfer of ownership: Ownership in a PLC can be easily transferred by selling or transferring shares, making it easier to raise capital and exit the business.

PLC registration involves several steps, such as:

1.     Obtaining a digital signature certificate (DSC) and director identification number (DIN) for the directors.

2.     Applying for the name of the company and obtaining approval from the RoC.

3.     Drafting the memorandum of association (MoA) and articles of association (AoA).

4.     Filing the incorporation documents, including the MoA, AoA, and other required documents such as the address proof and identity proof of the directors and shareholders.

5.     Paying the registration fees and obtaining the certificate of incorporation.

PLC registration has certain eligibility criteria and requirements, such as:

1.     A minimum of two directors and two shareholders.

2.     At least one director must be a resident of India.

3.     The company must have a registered office address in India.

4.     The minimum paid-up capital of the company should be Rs. 1 lakh.

PLC registration offers several benefits to entrepreneurs and business owners, making it a popular choice for setting up a formal business structure.

 

 

 

 

 

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FOR MORE INFORMATION CONTACT: //WWW.NGOTRUST.IN/

 

DO YOU KNOW HOW TO CREATE ONLINE PRIVATE LIMITED COMPANY

Yes, you can create an online Private Limited Company in India by following the steps mentioned below:

1.      Register an account on the MCA website and apply for the company name registration by filing Form SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) with the ROC. This form includes information about the proposed directors, shareholders, registered office address, and the company's objectives.

2.      Once the name is approved, file the incorporation documents online, including Memorandum of Association (MOA), Articles of Association (AOA), and other necessary documents.

3.      Pay the registration fees online through the MCA website.

4.      Once the documents are verified, the ROC will issue a Certificate of Incorporation (COI) along with the Corporate Identification Number (CIN).

5.      Apply for PAN, TAN, and GST registration as required.

6.      Open a bank account in the name of the company.

It is recommended to take the assistance of a professional such as a Chartered Accountant or Company Secretary for the smooth and hassle-free incorporation of a Private Limited Company. Additionally, it is important to ensure compliance with various legal and regulatory requirements post-incorporation, such as annual filings with the ROC, maintaining proper books of accounts, and complying with tax laws and labor laws.

 

FOR MORE INFORMATION CONTACT: //WWW.NGOTRUST.IN/

 

 

 

 

DO YOU KNOW THE ADVANTAGE OF REGISTERING COMPANY ONLINE

Registering a company online has several advantages, including:

1.      Convenience: Online registration eliminates the need to physically visit government offices, which saves time and effort.

2.      Time-saving: The entire registration process can be completed online within a few days, which saves a lot of time compared to the traditional offline registration process.

3.      Cost-effective: Online registration is more cost-effective than the traditional offline registration process, as it eliminates the need for paperwork, transportation, and other associated costs.

4.      Transparency: The online registration process is transparent, as all the documents and filings are recorded and can be accessed by the company and the regulatory authorities.

5.      Efficiency: The online registration process is more efficient and streamlined, as it eliminates the possibility of errors and delays associated with the manual registration process.

6.      Access to information: Online registration provides access to a wealth of information related to the registration process, regulatory compliance, and legal requirements.

7.      Support services: Many online registration platforms provide support services such as legal and financial advice, which can be helpful for startups and new businesses.

Overall, registering a company online offers several advantages, making it a popular choice among entrepreneurs and businesses looking to set up their operations quickly and efficiently.

 

FOR MORE INFORMATION CONTACT: //WWW.NGOTRUST.IN/

FAQS

1.     What is the minimum and maximum number of directors required for registering a Private Limited Company online?

A: The minimum number of directors required for registering a Private Limited Company is 2, and the maximum number is 15.

2.     Is it mandatory to have a physical office address for registering a Private Limited Company online?

A: Yes, it is mandatory to have a physical office address for registering a Private Limited Company online.

3.     What is the minimum and maximum capital requirement for registering a Private Limited Company online?

A: There is no minimum capital requirement for registering a Private Limited Company online. However, the authorized capital should be mentioned in the incorporation documents, which can be changed later as per the company's needs.

4.     Can a foreign national be a director or shareholder in a Private Limited Company registered online?

A: Yes, a foreign national can be a director or shareholder in a Private Limited Company registered online. However, they should have the necessary documents such as a valid passport, resident permit, etc.

5.     What are the documents required for registering a Private Limited Company online?

A: The documents required for registering a Private Limited Company online include PAN card, ID proof, address proof, DSC, DIN, MOA, AOA, and other necessary documents as per the company's requirements.

6.     Can a Private Limited Company be registered online without the help of a professional?

A: Yes, a Private Limited Company can be registered online without the help of a professional. However, it is recommended to take the assistance of a professional such as a Chartered Accountant or Company Secretary for the smooth and hassle-free registration process.

FOR MORE INFORMATION CONTACT: //WWW.NGOTRUST.IN/

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