Thinking of starting a private limited company? You’re in the right place! Let’s walk through the process, step by step.
A Private Ltd Company is a popular choice for businesses in India. It offers limited liability and separate legal identity. This means your personal assets stay safe while the business operates independently.
Why Choose a Private Ltd Company?
It’s flexible. It gives credibility. Investors prefer it. Banks trust it. You can expand easily.
Now, let’s see how to get one registered.
Step 1: Name Approval
The first step is deciding on a unique name. It should not match any existing company or trademark. A tax consultant, like Taxlegit, can help check name availability and ensure approval.
Step 2: Digital Signatures
You need Digital Signature Certificates (DSC) for all directors. This verifies your identity electronically. It’s mandatory to file documents online.
Step 3: Director Identification Number (DIN)
Each director needs a DIN. This is a unique number for company directors. It is applied for alongside the DSC.
Step 4: Draft Documents
Prepare the company’s Memorandum of Association (MOA) and Articles of Association (AOA). These define your business activities and rules.
Step 5: Apply for Incorporation
File for incorporation with the Ministry of Corporate Affairs (MCA). Include all the necessary documents – address proof, ID proof, and the signed MOA and AOA.
Taxlegit ensures your documents are correct and complete.
Step 6: Get PAN and TAN
Once approved, the MCA will issue a Certificate of Incorporation. This includes your company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
You’re now officially registered!
But Wait – What About GST?
If your business crosses the GST threshold, you must apply for GST number. This is a must for businesses providing goods or services. Taxlegit can handle your GST registration quickly and easily.
GST registration brings benefits:
Enables input tax credit
Legalizes your business operations
Boosts business credibility
Don’t Forget FSSAI if You’re in Food Business
If your company deals with food, you’ll need a foscos FSSAI license. It’s mandatory for manufacturing, storage, transportation, and sale of food.
Why FSSAI?
Ensures safety compliance
Builds customer trust
Avoids legal issues
Taxlegit makes foscos FSSAI registration hassle-free.
Benefits of Using a Trusted Consultant Like Taxlegit
Saves you time
Reduces chances of error
Handles complex compliance
Speeds up the process
With Taxlegit, you don’t have to worry about missed steps. We keep your registration smooth and quick.
After Registration – What Next?
Open a business bank account
Maintain proper books of accounts
File annual returns with ROC
Ensure compliance with all laws
Being a private limited company gives your business a strong foundation. But staying compliant keeps it running smoothly.
Common Challenges
Name rejection due to similarity
Incorrect document submission
Delays in DIN or DSC issuance
Errors in GST or FSSAI applications
These can slow down your process. Taxlegit prevents these issues with careful preparation and checking.
Why Trust Taxlegit?
Our team brings deep expertise. We understand the legal and procedural requirements. Whether it’s private limited registration, apply for GST number, or foscos FSSAI licensing, we handle it all.
We believe in clarity. No hidden steps. No extra fees.
Conclusion
A Private Ltd Company Registration is the best choice for growing businesses. It gives you limited liability, easy fundraising, and strong market credibility. But the process can be tricky if you’re not familiar with the rules.
That’s where Taxlegit comes in. From DIN to GST to foscos FSSAI, we’ve got you covered.
Ready to get started? Contact us today!