Introduction

Talking about Private Limited Company, it is one of the highly recommended business entity to start with your business. You know why? Since it provides various benefits. Starting with the first benefit of “Separate Legal Entity”, which means private limited company stand separate from that of its members that also means the company have no liability to pay for any of the losses incurred in the company.

Secondly, “Own property in its own name”. A private limited company has full rights to own, acquire, enjoy and alienate property in its own name. The shareholder cannot claim on the company’s property. Simply put, private limited company itself is the true owner.

Third, incorporating a private limited company allows to play “Double relationship” in the company. As the company can make contract with any of its members which means a person can be a shareholder and also on the other hand, be an employee of the company.

Fourth, private limited companies are “tax efficient” which means it can claim corporate tax relief on their profits. Allows to pay dividend to its shareholders at a lower rate. Not only this, but also give several other tax benefits like capital allowances and R&D tax credits.

And most importantly, minimal requirements for shareholders and members are needed. Like only two members and two shareholders are required to incorporate a private limited company.

Heard about so many benefits, if you are now ready to start with your private limited company, then contact EAdvisors for smooth and successful process of private limited company registration.

Now, let us jump on the necessary documents that are required for registering a private limited company. All these documents are required to be submitted to us so that further processing can take place. So, not down the list of documents to avoid any kind of inconvenience in the future.

Documents required for Private Limited Company Registration

Documents required from Directors: –

• PAN Card
• Aadhaar Card
• ID Proof (Driving License/ Voter ID/ Passport)
• Address Proof (Latest Bank Statement/ Latest Telephone or Mobile Bill/ Latest Electricity Bill
• Passport size photograph

Documents required for Registered office Address: –

• NOC needed from the owner of the property
• Address Proof- Latest Telephone bill or mobile bill/ gas bill/ electricity bill

NOTE:-

1. Self-attested photocopy of PAN Card is a necessary document for private limited company registration process
2. ­­­For address proof, the bank statement accepted shall be of 2 months latest statement.
3. For directors and nominee’s identity proof, only driving license, voter ID or passport shall be accepted and not any other document.
4. For Address Proof, is bank statement is provided then, it can be either be a bank passbook or an online net banking statement.
5. All the required documents shall be clearly scanned and self attested.
6. No other document other than the utility bill shall be accepted for the registered office address proof.