Benefits of online registration of private limited companies in our country

Starting a private limited company in India gives us many advantages.  Some of them are as follows:

·         A government registered private limited company builds a concrete to your business.

·         It enhances your belief system. 

·         The personal loss and risk is protected legally and personal insecurity is balanced.

·         Many customers are attracted towards the company as they know its legal entity. Getting bank credits and loans become easier.

·         The legal entity encourages you to protect yourself from limited liability to maintain and expand your company and its assets.

·         Attractive balance and greater funds source and supplements.  Vigour to increase big and expand.

Here are some of the benefits of online registration of private limited company in our country in detail:

Availability of credit

A private limited company is allowed to raise funds from the following:

·         A bond, which is unsecured.

·         From the stakeholders.

Venture capitalist and angel investors are attracted towards investing in an entity, which is registered as private limited company.  This will enable the company to raise funds and encourage the company to grow and expand easily.

Global presence

Foreign direct investments are very easily accepted in private limited company, but other firms need proper licencing and commendation from the administration for accepting funds.

Legal entity of registration of private limited company online is separate.

The shareholders responsibility lays limited towards only to the shares, which they have as stakeholders.

Market valuation will expand

Company incorporation online is most believed and trusted worldwide in comparison with the nonregistered company.

From the website of ministry of corporate affairs, one can arrive at the point wherein, we can get all information pertaining to registration of a private limited company.

The registered private limited companies as far as suppliers and vendors are concerned are most trusted over the other companies.

The brand value is increased as they believe and in turn the company becomes famous for attracting investors, customers and suppliers.

Legal entity is separate

The company acts as an unnatural person, which can buy any assets and properties for self.  It is litigation and could be litigated and has rights to do so.

Undissolved existence

The existence of a private limited company is lifelong, which briefs us that it cannot be dissolved, if the directors, shareholders or members die, retire or insanity.

Transfer of ownership is very easy

Transfer of shares and issue of new shares are very easy in private limited company.

Checklist for Company Registration Online in India

•    There must be two directors.
•    A private limited company is registered online having minimum two directors.  There can be maximum 15 and one the directors must be a resident of India.
•    Name must be unchosen.
•    The name should not match with any of the existing name prevalent in India and also any trademarks then chosen name and USP must be unique.
•    Contribution of capital must be minimum.
•    No capital requirement is needed to start a private limited company.  The minimum share capital required is Rs. 1 lakh.
•    To make the registration easy and comfortable, it is compulsory to abide by the requirement.

Registered Office

Obtain a NOC letter from the landlord or the owner of the rented space and start a company.  There is no need of a commercial space.

Guidelines for an online registration of private limited company in India
Below are the formalities:
•    Apply for Digital Signature Certificate or DSC.
•    Apply for Director Identification Number or DIN
•    The availability of name and its procedure.
•    AoA, MoA, along with other documents should be filed that are compulsorily required by MCA (Ministry of Corporate Affairs) for filing a private limited company.  This should be then be filed in electronic format while online registration of private limited company.
•    Applying formalities for obtaining TAN and PAN should be as done by members for company registration.
•    After submission of application, the Registrar of Companies will issue a Certificate of Incorporation with TAN and PAN.
•    A current account should be opened in an authorized bank with company’s name.