Are you looking to for Private Limited Company Registration in Mumbai? If yes, then you are at right place.
Mumbai is city known for great success when it comes to Business. The city is perfect for starting and registering any business. It gives ample opportunity to business owners to grow. One just need to know about, legal procedure, taxes and legal documents required to start with. This content will explain the important steps to register a Private Limited company in Mumbai.
Private Limited Company is the most favored form of business registration in India. It’s simple to register and operate a private limited company in Mumbai, India. Registering a Company also adds credibility to the business enhancing the future growth of the company.
Who can Register a Private Limited Company?
1 Entrepreneurs willing to formalize their business Operations.
2 Existing Businesses in other form looking for restructuring business and expansion.
3 Existing Businesses or startups looking for investment or restructuring their Business model.
Benefits of Pvt Ltd Company Registration in Mumbai
1 Limited Liability: Shareholders are only liable of their share capital, protecting personal assets.
2 perpetual Succession: A Private Limited Company is a business entity having perpetual succession that means continued existence of company until it is legally dissolved. The company continues to exist even if there is changes in ownership or management.
3 Separate and unique legal entity: The company operates as a separate legal entity, providing credibility and professionalism.
4 Equity Raising: This provides the business an opportunity to raise funds though sale of their shares in the market.
5 Tax Advantages: This kind of Business Registration provides favorable than other business structures.
Documents Required for Private Limited Company Registration in Mumbai
1 Identity Proof of Directors and Shareholders (PAN Card or passport)
2 Address Proof of Directors and Shareholders (Aadhaar card, Voter ID, Driving License)
3 Registered Office Proof ( Electric bill, Rent agreement, and NOC from the owner)
4 Passport Size Photographs
5 Digital Signature Certificate
6 Director’s Identification Number (DIN)
7 Sale Deed incase of owned Property.
procedure for Pvt Ltd Company Registration in Mumbai
Registering a Pvt Ltd Company in Mumbai involves several important steps, which can be efficiently handled with the expertise of High Court Lawyer at nominal cost.
1 Digital Signature Certificate : The very first step involves obtaining Digital Signature Certificates for the proposed directors of the company.
2 Director Identification Number(DIN): Each director needs a unique identification number . It can be obtained by applying online with the Ministry of Corporate Affairs (MCA) site.
3 Business Name selection and approval: Selecting a unique name for your company is an important part of registration which one need to apply with the MCA for name approval.
4 Business Incorporation Documents Submission: the next step is to prepare and submit the incorporation documents should include the Memorandum of Association (MoA) and Articles of Association (AoA), along with the address proof of the registered office, and other necessary declarations.
5 Applyin for PAN and TAN: The next step is to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
6 Incorporation Certificate: After reviewing your application and documents, the MCA will issue a Certificate of Incorporation.
7 Opening of Business Bank Account : next is to appy for Bank Account opening with Certificate of Incorporation, PAN, and other related documents.