How to Set up a PVT LTD Company in India

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Many of you may wonder on how to set up a PVT LTD Company in India.Setting up a private limited company in India starts by understanding the requirements. These are the things that you need to open a private limited firm in India:

  • In sectors where 100% foreign ownership is not available, you will need an Indian partner or a beneficiary.
  • There should be at least two directors while starting the company, and one of them should be primarily resident in India.
  • At least two shareholders with non-transferable shares. The maximum number of shareholders in an Indian private limited company is 200.
  • The minimum share capital for a private limited company in India is Rs. 100,000.
  • A registered address is required which should be a real physical address and just a PO Box Number.
  • Hiring a company secretary or an accountant will be of great help while establishing and running a private limited company.

What is the Process of Registering a Company in India?

You need to go through the following steps to register a company in India:

  • First, you need a company name. For approval, the name should be unique from existing firms and can’t be offensive or vulgar.
  • After the name, you need to create a digital signature certificate. (DSC)
  • You also need a Director Identification Number for every director. This will help if one of them does any suspicious activity during the company operations.
  • You then need to fill the SPICe form. It consists of the
    • Memorandum and Articles of Association
    • Copy of utility bills, proof of office address
    • Copy of certificate of incorporation,
    • Proof of identity and address of all directors
    • Trademark registration and approval certificates,
    • List of companies with the same registered office.
    • Furthermore, if you don’t have a Permanent Account Number (you are a foreign director), you need to submit an affidavit.
  • File for Taxes
  • Get the licenses, which depend on the nature and activities of the company.

Do You Need to Register Your Company Yourself?

No- you can contact 3E Accounting India for India company incorporation services. They will do all the registration for you and handle everything post-registration. Meanwhile, you can focus on crafting your business plan.

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