No, new private limited company registration is a fully online process. As all documents and forms are filed electronically, you wouldn’t need to be physically present at all. You would need to send us scanned copies of all the required documents & forms when as required.

If you have all the documents in order, it will take no longer than 15 to 20 days. However, this is dependent on the workload of the registrar.

The RoC (Registrar of Companies) across India expects the applicant to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the registrar officer handling your application. However, the more closely you follow the rules, the better your chances of approval. However, do ensure that your company name is available.

All directors must provide identity proof and address proof, as well as a copy of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate (NOC) must be submitted by the owner of the registered office premises.

The DSC (Digital Signature Certificate) is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. As all documents needed are electronic, partners must need a DSC.

Yes, so long as all annual compliances are met, the private limited company will continue to exist. If you don’t comply with all the requirements, it will go dormant, until it is struck off the register altogether.

The can be divided into 3 categories: cost of accounting and auditing, cost of compliance and miscellaneous expenses. At the very minimum, you can expect to spend around ₹ 40,000 on all of these.

Yes, a private limited company must appoint an auditor within 30 days of company incorporation, no matter what its revenues. Compliance is very important with a private limited company, given that penalties for non-compliance can run into lakhs of rupees and even lead to the blacklisting of directors of the company.

These documents contain all the rules, vision and mission of your company, and define, among other things, the exact business and the roles and responsibilities of the company’s shareholders and directors.

Yes, a minimum of two directors is compulsorily needed for a private limited company, which can be a maximum of up to 200 members. Alternatively, you can register your business as a One Person Company, if you are the only sole owner of the company.

Any individual or organization can become a member of a private limited company which include NRI or foreigners. Nonetheless, the individual must be above 18+ in terms of age and should hold a valid PAN card.

There is no minimum capital amount required for a private limited company, it should have an authorized capital of at least ₹ 1 lakh.

Yes, a salaried person can become the director of a private limited company. One needs to check the existing employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.

No, one cannot convert an LLP into a Private Limited Company as it is not an MCA (Ministry of Corporate Affairs). The LLP Act, 2008 and the Companies Act, 2013 both don’t have any provisions on the conversion of the LLP in a private limited company. However, if anyone wants to expand their business they can register a new Private Limited Company with the same name. Only the LLP Company needs to just issue a no-objection certificate.

Legalmaps can integrate a Private Limited Company in 15 to 25 days. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the registrar of the government. To ensure a speedy registration of your Private Limited Company, kindly pick a unique name of the Company as the proposed Company name and also ensure that you have all the required documents ready prior to the starting of the registration process.

Yes, an NRIs or Foreign National can become Director in a Private Limited Company. They need to get a DIN (Director Identification Number) from the Indian ROC (Registrar of Companies). They can also be a majority shareholder in the private limited company. Provided that, at least one Director on the Company Board of Directors should be an Indian Resident.

The entire procedure is done online and one does not have to be present physically at our office or any other place for the company incorporation. Only a scanned copy of all the documents have to be sent via mail. Then get the company Certificate of Incorporation (CoI) from the MCA via courier at the business address.

A company is an artificial legal entity and like a different person established under the Act. It is treated like a different person who can own a property and have creditors and debts. The members (Directors and Shareholders) of a private limited company have no liability to creditors of a company in the case of the company is unable to pay the debts.

Yes, one can register the company at their home or residential address. One requires to submit the electricity bill copy of the same.

Yes, it is a good option to register a family member as a partner. At a later stage, one can easily change this or transfer shares to another person.