Private Limited Company Registration
Online Company Registration in India at just Rs. 4499/- + Govt. Fees
In the midst of COVID- 19 pandemic around India and the world, registration of Private Limited Company has become the most effective way to start your business. The incorporation is quite simple and can be started with a minimum of 2 directors and 2 shareholders. It is important to note that the shareholders and directors can be same. Any individual with 18+ age can become a director in a Pvt. Ltd. Company. This corporate entity provides many a benefits like limited liability, credibility and various tax benefits.
The dream of starting your own company is not far. Understand the registration process, documents required and get started.
Vakilgiri- The Best Online Company Registration Experts in India will help you with your Private Limited Company Registration Online in a quick and simple process:
1) Applying for Digital Signature Certificate (DSC) & Director’s Identification Number (DIN).
2) Selecting a Unique and Meaningful name for your Pvt. Ltd. Company Registration.
3) Drafting all the required forms, documents, MOA, AOA for your Online Company Incorporation.
4) Filing necessary e-forms at MCA.
5) Incorporation Complete. Getting ready for allotment of of COI, PAN and TAN of the company.
Once the incorporation is complete, you can open a Current Bank Account at any of your nearest bank by submitting a copy of your Company’ COI, MOA, AOA PAN and Board. With Vakilgiri, the Private Limited Company Incorporation is as easy as 1, 2, 3. Fill the form below to get Free Consultation regarding the incorporation process and fees associated with it.
After Pvt. Ltd. Company registration and within 180 days, there are some compliances that needs to be taken care of. These compliances are set by the MCA department in order to filter out the companies that really want to work and grow their business. Incase of non- compliance, some penalty can also be levied. but, don’t worry. Vakilgiri has your back. Along with the incorporation of your private limited company we will also take care of such legal formalities so that you only have to focus on the company’s growth. Our team of highly experienced Chartered Accountants, Advocates, Company Secretaries will guide you through each step.
All you need is to fill up the form to get in touch with our team and get started with your Private Limited Company Registration process.
Now, let us look at the Benefits of a Private Limited Company Registration in India.
Private Limited Company Registration
Online Company Registration in India at just Rs. 4499/- + Govt. Fees
Microfinance Loans were introduced in order to help the poor section of society where banking facilities are not feasible and to provide funds whenever they are in need. These were initially provided to the individuals seeking a loan, but a new concept of Group Loan was introduced by “SKS MICROFINANCE” in which they offered loans to a group of women for their regular needs and for small household businesses like Achaar Making, Papad Making, etc. The loan was named “Mahila Group Loan”.
Later on, Group loans became quite popular among Microfinance Companies as the recovery rate is quite high and client retention is good as compared to individual loans.
A Microfinance Group loan can consist of any number of members, this group is also known as the Self-help group (SHG), and they all are solely and jointly liable for the amount received from the microfinance company.
In order to boost the “Make in India”, “Start-Up India” and “Skill India” Initiatives launched by the Central Government, there are several benefits that has been associated with the Pvt. Ltd. Company Registration. The process of registering a Private Limited Company has also changed to 100% online so as to reduce the formalities and time that was quite high previously.
Here are some amazing benefits of a Private Limited Company registration process in India:
Separate Legal Entity
A Private Limited Company act as a separate legal entity. This means that all the directors and the shareholders of the company are not liable towards risk and losses.
Easy to change owners
It is easy to add or remove Directors or Shareholders in a Private Limited Company. The cost is very nominal and only takes a day to get it done.
Tax Advantages
Unlike other company structures such as LLP or Proprietorship Firm, Pvt Ltd Companies get more tax benefits. Currently Tax@ 22% is applicable on NTI of Companies. Whereas 30% tax rate on LLPs and firms.
- PAN Card or Passport (Foreign Nationals & NRIs)
- Copy of Aadhaar Card/ Voter’s ID/ Passport/ Driving License
- Passport-sized Photograh
- Mobile Number and Email Ids of all parties.
- Latest bank statement (2 months)/ telephone or mobile bill/ electricity or gas bill
- Electricity Bill for Registered Office.
Check Company Name Availability
Our systems will check availability of your Company Name
Check utilization of loans:
This is the final step and is to be conducted in order to ensure the right usage of the loan amount passed on to the members. After disbursement of the loan, it’s better to check the utilization of the loan by the borrower. If they use the amount on the objects specified on the loan form then mark this member in the good list, this will help you to create a group in the future.
Follow the above check-points to create an active Microfinance Group Loan and ensure a high recovery success rate.
Read this if you wish to Register your Microfinance Section 8 Company
Latest Update 2022: Regulatory Framework for Microfinance Loans, 2022
