Through Indi Filings, it is possible to register a company online in India. Millions of Indian entrepreneurs and well-known businesses like Flipkart, PhonePe, and Swiggy favor the private limited company as their preferred form of legal entity. Online registration of a private limited company is extremely cost-effective and takes less than 10 days, costing only Rs. 6000.
What is a Private Limited Company?
In India, one of the most popular types of legal entities is a Private Limited Company (PLC). The Companies Act of 2013 governs private limited companies, which must have a minimum of two directors and two shareholders, one of whom must be an Indian citizen and resident.
In order to register a company in India, you must have the following minimums:
2 directors One individual must be an Indian national or resident.
2 Shareholders – Directors may possess shares of stock.
Indian registered office
In India, 100 percent foreign direct ownership (FDI) is allowed in the majority of industries, and there are no restrictions on foreign ownership of private limited companies’ shares. Because of this, the majority of overseas subsidiaries are founded in India as private limited companies.
Documents Needed to Register a Company
To register a private limited corporation, the proposed directors must provide identity in the form of the following documents:
Indian nationals must have a PAN card.
Foreign nationals must have a passport.
The Directors must also provide one of the documents listed below, which includes the Director’s address, in addition to the paperwork mentioned above.
Passport, driver’s license, election ID, ration card, and Aadhar ID are required for Indian nationals.
Driver’s license, bank statement, and residence card for foreign nationals
Finally, the potential Directors must present one of the following documents as confirmation of residency. This document needs to be no older than two months old:
Bank Statement, Electricity Bill, and Phone Bill for Indian Nationals
Bank Statement, Electricity Bill, and Phone Bill for Foreign Nationals
The following paperwork needs to be provided if one of the company’s owners is an organization with its headquarters in India or abroad:
Resolution of the Board approving investment in the business Incorporation Proof of the company’s address on the Certificate of the Company
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