Private Limited Company Registration | Jr Compliance

In this video, an experienced Chartered Accountant will impart knowledge about distinct aspects associated with Private limited company, Private limited company benefits, what to keep in mind during company incorporation, Document or information requirement for pvt ltd company registration.

Here, let’s have a look at basic requirements to commence private limited companies -
In case of a pvt ltd, a minimum of two members are required.
No minimum paid-up capital is required in case of a pvt ltd company.
Add “Pvt Ltd” in the suffix of the private limited.
One director must be an Indian resident.
DSC must be required.

Once these requirements are met, you can register a private company in India. Establishing a private limited company offers several advantages, some of which are -
Perpetual succession, which means a company can not be affected by death, bankruptcy, etc.
Easy access to loans.
Builds credibility and trust of the consumers.
Builds credibility and trust of the consumers.
Both companies offer limited liability, which makes this the most preferable form of business, as it does not impose the company's debt on its members.

Finally, to complete the company registration process, it is better to have appropriate knowledge of what are the documents required for its registration. Some of these documents are -
DSC
Objective of company, that is MOA and AOA
KYC documents of directors such as aadhar card, PAN, passport, bank statement, and utility bill
EPFO, a specimen signature sheet
DIR - 2
Lastly, you would need a passport size photograph