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Table of Contents
TogglePrivate Limited company features and minimum requirements
What are the advantages of registering a Pvt Ltd Company?
- Easy to raise funds from investors
- Limited liability
- Completely online
- Most trustworthy
When should you register a Pvt Ltd company and not llp or OPC?
- If you are planning to raise funds
- If you have partners
- If you want to give ESOPs to employees
- If you have corporate clients
- If you are a IT company
What are the minimum requirement to register a Private Limited Company ?
- Minimum 2 directors and one should be Indian resident
- Minimum 2 shareholders
- Address proof for registered address in India
Process and documents for Private Limited registration
4 steps to register a Private limited company:
- Application of digital signatures of Shareholders and directors: The digital signatures of all the directors and shareholders is mandatory to sign and upload forms digitally. The DSC can be applied on https://www.e-mudhra.com/
- Application for name approval in form RUN – Every company needs to get the name approved by filing form RUN on the MCA website.
- Preparation of MOA and AOA – These are the charter documents of the company and its very important that they are drafted carefully. The main business of the company and the details of first directors are mentioned in these documents. Sample MOA and AOA can be found here.
- Filing of Form AGILE along with relevant Documents – This is the final step and all the documents on the government portal are updated here. The attachments to these forms are DIR 2, INC 9 and all other KYC documents of the directors ad shareholders.
Private Limited company registration in Mumbai
Mumbai in the financial capital of India. Many banks and fintech companies have registered their companies in Mumbai. The cost to register a Private Limited company is Mumbai. starts from Rs 7500. The company can be setup in 10-12days in Mumbai.
Can foreign companies or foreign national register a company in Mumbai?
Yes foreign companies can register a subsidiary company in Mumbai in 15-20 days. Mumbai is one of the most preferred cities by foreign companies because of its connectivity, abundant skilled resources and proximity to port. More details about company registration by foreign national can be found here .
What are the registrations to be taken after the company is registered in Mumbai?
As per the state specific laws every company registered in Mumbai has to register for shops and establishment license and the PT registration.
Time taken to register a company in Mumbai
Company can be registered in 8-12 days in Mumbai. The process to register a company can be refffered above.
Cost to register a company in Mumbai
The cost to register a company in Mumbai with resident dircetors is Rs 8273 including GST registration. Please fill in the inquiry form to get started.
The cost to register a company in Mumbai by foreign nationals starts from Rs 45,000
Private Limited company registration in Bangalore
Bangalore is silicon valley of India. many IT companies international and national have their head quarters in Bengaluru. Companies including Google, Apple, Facebook and Infosys have their head offices in Bangalore. The city is most suited for IT companies due to abundant availability of skilled , semi skilled work force. Also the presence of PE, institutional investors and angle investors make it a perfect choice for startups.
Can foreign companies or foreign national register a company in Bangalore?
Yes foreign companies can register a subsidiary company in Bangalore. This is the best option for companies to start a development centre or recruit employees in Bangalore. Once the private limited is registered in very easy to hire employees or to sell services in India. 100% shares can be owned by the foreign nationals. We also assist with bank account opening along with company setup.
What are the office rental costs in Bangalore?
The real estate in Bangalore is a bit pricey. The cost per seat is anywhere between rs 4000 to Rs 15000/month.
How much time does it take to register a company?
The company registration process can be completed in 10-12 days after we receive all your documents. Its a completely online process. The bank account can alos be opened without you having to visit India.
About Rohit Lohade
Rohit Lohade is a Chartered Accountant with 15+ years of experience. He has assisted more than 300 Gobal Companies with India Entry Strategy