Private Limited Company Registration Service in Vasai

Here is the checklist for Incorporation of private limited company registration in Vasai, Company Registration in Goregaon,  Private Limited Company in Thane, Private Limited Company in Mumbai, India

• Minimum two Shareholders and Directors required. Shareholders and Directors can be same persons.
• 2 Class III Digital Signatures
• DIN for all the Director – if you already have the DIN, make sure that the DIN is not disqualified and the eKYC is done.
• Name of Private Limited should be such that it does not resemble with the existing Company Name or a Registered Trademark
• Company must file intimation for commencement of business in form INC 20 A within 180 days from the date of incorporation and cannot start business activities before filing it

The document requirement for Company Registration can be divided into two sets, Documents for Registered Office Address proof and Documents for Partners.

Document for the Directors / Shareholders:

• PAN Card and Adhaar Card (Mandatory)
• Passport Size photo
• One of , mobile bill, landline phone bill, latest bank statement / passbook, electricity bill of partner as Address Proof
• One of, Passport, Driving License or Vote’s I’d Card as Identity Proof (PAN Card is not accepted as Identity Proof)

Documents for Registered Office address proof:

• NOC from the owner of the proposed Registered Office premises is must
• Not more than two months old Gas, Electricity or Telephone bill depicting the address of the premises in the name of owner.
• If the proposed registered office is owned by a third person (other than Directors / Shareholders), a rent agreement may also be required.

You can easily get private limited company registration in Vasai, Private Limited Company Registration Service in Goregaon,  Private Limited Company Registration in Thane , Private Limited Company Registration in Mumbai with help of Ofin Legal. The process is summed up in four easy steps as below:

• On receiving your request to start Private Limited, we get in touch with you and collect necessary details and documents
• We file a request for name reservation with the MCA and simultaneously get your Class III Digital Signature Certificates
• On receiving confirmation of name reservation, we apply for incorporation of Private Limited within 3 to 5 working days. MCA takes between 2 to 5 working days to approve the incorporation application if there is no further document requirement.
• On receiving Certificate of Incorporation and after opening Bank Account form INC 20 A is filed intimating the ROC for commencement of business.

Separate Legal Entity:

• A Private Limited Company when incorporated is considered as artificial judicial person. It is a separate judicial entity.  A Company can purchase its assets and borrow funds as a separate judicial entity. The Shareholders of Company are liable for company’s debts only to the extent of shares held by them.

Perpetual Succession:

• Since Private Limited Company is considered as artificial judicial person, its existence is not dependent on resignation, death or any other kind of departure of any of its members. A Private Limited Company continues its existence unless it is legally winded up as per the provisions of Law.

Borrowing Power:

• Companies can borrow funds by issuing secured or unsecured debentures or by borrowing funds from Banks or financial institutions. Private Limited Companies are preferred by Banks and financial institutions lending money over Proprietorship or Partnership Firm.

Transferability:

• Transfer of shares of Private Limited Company can be done easily by signing share transfer forms and handing over the Share Certificates.

Ownership of Property:

• Being an artificial judicial person company can buy property in its name. The Private Limited Company becomes the owner of the property and share holders cannot claim this property.

Limited Liability:

• This is probably the most important advantage of a Private Limited Company. Share holders of a Private Limited Company are liable only to the extent of the unpaid amounts of shares held by them. Personal assets of share holders cannot be liquidated if company defaults.

Capacity to sue and be sued:

• A Private Limited Company is an artificial judicial person. Just as an individual initiates legal proceedings against another person, a Private Limited Company can also initiate legal proceedings against another person or Company.

Multiple Relationships:

• A person can be a share holder, director, employee or creditor of a Company. There are different contracts with the same person in different capacities.