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Important points to consider before Pvt Ltd Company Registration

Register your private limited company hassle-free with our expert assistance. We provide comprehensive services for private limited company registration, ensuring a smooth and efficient process. Don't miss out on the benefits of having a registered private limited company - start your journey today with us!

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Important points to consider before Pvt Ltd Company Registration

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  1. IMPORTANT POINTS TO CONSIDER BEFORE PVT LTD COMPANY REGISTRATION DRIVING SUCCESS THROUGH LEGAL PILLERS SOLUTIONS www.legalpillers.com/

  2. AGENDA ALSO KNOW ABOUT ANNUAL COMPLIANCE OF PVT LTD COMPANY. 01 04 ABOUT PRIVATE LIMITED COMPANY 02 05 NECESSARY REQUIREMENTS FOR A PRIVATE LIMITED COMPANY REGISTRATION FREQUENTLY ASKED QUESTIONS 03 06 WHY CHOOSE A PRIVATE LIMITED COMPANY? CONCLUSION

  3. ABOUT PRIVATE LIMITED COMPANY • If you're considering starting a business in India, setting up a Private Limited Company (Pvt Ltd) could be an excellent choice. Here's a step-by-step guide to help you navigate through the private limited company registration process. • A Private Limited Company is a legal entity that's privately held. It offers limited liability protection to its shareholders and is a popular choice due to its distinct legal entity separate from its owners.

  4. NECESSARY REQUIREMENTS FOR A PRIVATE LIMITED COMPANY REGISTRATION • 1. Choosing a Unique Name aligning with the rules set by the Ministry of Corporate Affairs (MCA). • 2. A minimum of two directors are required. • 3. At least two shareholders are needed. • 4. Obtaining DSCs for the directors is the first step, crucial for filing documents electronically. • 5. Each director must obtain a unique DIN from the MCA. • 6. Submit an application for the proposed company name to the MCA. Once approved, it's reserved for 20 days. • 7. Prepare the Memorandum of Association (MOA) and Articles of Association (AOA), outlining company objectives, bylaws, and shareholder information. • 8. Submit the required documents, including the MOA, AOA, and company incorporation forms, to the MCA. • 9. Upon successful verification, the MCA issues a Certificate of Incorporation, confirming the formation of your company. • 10. Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) with the Income Tax Department. • 11. Open a company bank account and deposit the minimum share capital as per the requirements.

  5. WHY CHOOSE A PRIVATE LIMITED COMPANY? 1. 2. 3. • ● Limited Liability: Your personal assets are protected from business liabilities. • ● Credibility: Enhances the credibility and reliability of your business. • ● Easy Funding: Attracts investors and enables equity funding.

  6. ALSO KNOW ABOUT ANNUAL COMPLIANCE OF PVT LTD COMPANY. 1 2 3 4 • HOLDING BOARD MEETINGS • FILING OF FORM MBP-1 • APPOINTMENT OF AUDITOR • FILING OF MGT-7/7A • A Private Limited Company in India must conduct its initial Board Meeting within 30 days of incorporation and subsequently hold at least four Board meetings each financial year. These meetings are crucial for decision-making and ensuring corporate governance. • Directors’ disclosures are necessary. Form MBP-1 necessitates the declaration of interests in other entities or businesses. This is a mandatory disclosure to ensure transparency in directorial responsibilities. • The appointment of the first Auditor within 30 days of incorporation is essential. This Auditor remains in office until the conclusion of the Annual General Meeting (AGM). • Annual Returns in Form MGT-7 and filings are essential obligations. Timely submission within deadlines prevents you from paying heavy penalties.

  7. ALSO KNOW ABOUT ANNUAL COMPLIANCE OF PVT LTD COMPANY. 5 6 7 8 • FILING OF INCOME TAX RETURN • LEGAL PILLER'S EDGE OVER COMPETITORS • FILING OF AOC-4 • FILING OF DIR-3 KYC • DIR-3 KYC is a mandatory compliance requirement by the Indian government for all directors of companies registered in India. It's an annual filing that ensures updated information and verification of details of directors associated with companies registered in India. • Filing Income Tax Returns involves detailed reporting of financial data, including the balance sheet and profit-loss statements. • Legal Pillers stands out due to its unique qualities and services, providing an unparalleled advantage to private limited company in india: • Financial Statements in the form AOC-4 are filed to pay heavy penalties.

  8. FREQUENTLY ASKED QUESTIONS • 1. What is ROC Annual Compliance? • ROC Annual Compliance involves a set of mandatory tasks outlined in the Companies Act 2013, that Pvt Ltd companies in India must follow. These include filing annual returns, maintaining financial records, holding board meetings, appointing auditors, and more.

  9. FREQUENTLY ASKED QUESTIONS • 2. Why is Private Limited Company Registration? • Pvt Ltd Company compliances ensure transparency, proper governance, and legal compliance for your company. Adherence to these obligations can lead to penalties and legal issues.

  10. FREQUENTLY ASKED QUESTIONS • 3. What are Pvt Ltd Company compliances? • Annual Return Filing: Submission of annual returns to the Registrar of Companies. • Financial Statements Filing: Sharing financial details like balance sheets and profit-loss accounts. • Board Meetings: Conducting regular meetings to make vital decisions. • Auditor Appointment: Appointing and maintaining auditors. • Director Disclosures: Directors must disclose their interests in other companies. • Income Tax Filing: Filing the company's income tax return. • Directors' KYC: Updating director details annually.

  11. FREQUENTLY ASKED QUESTIONS • 4. How can Legal Pillers help in Pvt Ltd Company compliances? • At Legal Pillers, we specialize in ensuring that your Pvt Ltd company sails through these compliances smoothly through our Expertise and Experience to guide you at every step.

  12. SATISFIED CUSTOMERS

  13. CONCLUSION • Registering a Private Limited Company involves several steps, but the legal protection and credibility it offers can be invaluable for your business's growth and stability in the long run. • For professional assistance and expert guidance throughout the Pvt Ltd registration process, consult Legal Pillers reliable Chartered Accountants and experts specialized in company registration in India.

  14. LET'S WORK TOGETHER THANK YOU! • +91 9267941961 C-49, near Bikaner, East Krishna Nagar, Krishna Nagar, Delhi, 110051 www.legalpillers.com info@legalpillers.com

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