Outright Counselling to Private Limited Company Registration

1. EARNLOGIC An Outright Counselling to Private Limited Company Registration

2. Just know about a PLC • A company is a place where group of peoples associate and share universal goals. This company has certain restrictions to deliver their shares to public. It is good for a start-up to register his/her company under private limited since it is the only mode of obtaining organizational seed funding. One of the prominent pattern of registration of organization in India is private limited company registration. Registration of private limited company in India is coordinated by The Companies Act, 2013 and governed by Ministry of Corporate Affairs.

3. Requirements for incorporating a Private limited company • Applying for DIN: Two organizers and two directors are mandatory. The Board of Director should be an individual and organizers may be a group or single. The individual need to apply for Director Identification Number along with recommended documents. Download the Form DIR-3 and submit the scanned documents which leads to payment in private limited company registration process.

4. Digital Signature: A DSC is an electronic format which is equivalent to human signature, since it authorizes the identification of the sender. Currently this is used for various online transactions, E tenders, Income tax E filing, Annual return filing, etc. Tri category of digital signature certification are Class 1, Class 2 and Class 3. For company registration and obtaining DPIN or DIN, you should opt Class 2 certificate. This reduces expenditure -time and also integrity and authenticity of the documents can be maintained securely.

5. Name Endorsement: This step is processed by Registrar of Companies and he has the authority to approve or reject the names of the company. • MOA and AOA: Memorandum of Association and Article of Association are drafted by the Organizers or Directors. • Company Incorporation: Certificate of Incorporation will be generated, once the ROC approves the documents and Forms submitted for private limited company incorporation.

6. What is Seed Funding? Seed funding is a stereotype of integrity-based capitalization in which shareholders invest money in a trade in order to get it up and functioning. In return, the shareholder acquires fragmented ownership of the company. However, don't confuse seed funding with early stage funding. Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a start up company in exchange for an equity stake in the company.

7. Sources of raising finance for a private limited company • Equity Shares ✓ Preference Shares ✓ Rights issue of shares ✓ Private placement of securities ✓ Preferential allotment ✓ Sweat Equity Shares ✓ Debentures ✓ Unsecured loan from Director and his Relatives ✓ Inter - Corporate Deposit ✓ Deposit from Members ✓ Commercial paper ✓ Bank finance ✓ Pledge of shares

8. Leverages of a Private limited Company • Representatives: Min-2 to Max 200 persons. • Administrative: Minimum two directors. • Capitalization: Min 1 Lakh is needed. • Catalogue: The detailed document of the company which is appealed to the civil for contribution of percentage of the concern. • Legal reunion: Filing of report to the Registrar of Companies is not necessary. Conversion of sole proprietorship into a private limited company is possible by some proceedings of Companies Act 2013.

9. Burdens of a Private limited Company Shares cannot be shared until other bondholders agree to it. The public cannot be involved in sharing the profit of a private limited company. All companies should mention "Pvt Ltd" in the end of the firm name.

10. Things to be remembered while starting a blooming business-Pvt Ltd company Early start up of a company is much better in a new business venture and identify your strength. A truly passionate entrepreneur will not booze in weekend and focus much on productivity. When it comes to business, the "EARLY BIRD CATCHES THE WORM"- so start your work earlier in the morning. Construct your own Business empire and unique brand.

11. Since entrepreneurship gives a lonely feel, spend some leisure time with your comfortable circle or your surrounding and get some fresh air from the balcony or grab a cup of tea or coffee. Have more endurance and humility in business and generate constant revenue. Get inspirations by meeting some millionaires if possible and capture the good wills and smart tactics from them.

12. Be an athlete in business; not as a sprinter- but as a marathon runner... Make your improvement radically better day by day and different out of the world.

13. Requirements for the formation of a Pvt Ltd company • Name of the company: One of the amazing aspect of registering a private company is deciding and reserving the suitable name for the business. The name should be unique and usage of offensive and sensitive words to be excluded. The limitation of the company name is 200 characters. • Registered Job office address: The office must be within the jurisdiction in which the company incorporation takes place and is made available publicly in the register of the companies. • Suitable Director: The responsibility of the director is to take appropriate decisions at right time in the day to day business operations and he/she should not be under 16. • A Member: The director and shareholder can be the same person, so if you are forming a firm on your own, you can use your name for both positions.

14. Aim beyond what you are capable of. Make your vision clear in company registration. Never Ever Give up!! Nothing is impossible in Legal Business!

15. Thankyou….. EarnlogicConsultants • Call Us At: +91 9842480987 • Mail Us At: info@earnlogic.in