The decision to establish business in Ghaziabad, one of the fastest developing industrial and commercial centers in Uttar Pradesh is a good move towards success. When it comes to businesses and startups, it is essential to select an appropriate business structure in the long-term growth and the credibility of the business. A Private Limited Company (Pvt Ltd) is one of the most popular types of business structure. It has legal status, protection against limited liability and improved growth prospects.
This blog by Lawgical India will help you with private limited company registration in Ghaziabad, the overall procedure, eligibility, advantages, and the documents necessary.
Why should a private limited company be selected in Ghaziabad?
Ghaziabad has become a big manufacturing and IT service, logistics and trading centre. You are entitled to a range of benefits by incorporating your business as a Pvt Ltd company, in Ghaziabad:
1. Legal Recognition - The registered private limited company is a separate legal entity, which is not owned by its owners.
2. Limited Liability Protection - The liability of the shareholders is capped at the amount invested. Individual properties are not at risk.
3. Enhanced Financing Prospects - Venture capitalists, Angel investors and banks would like to invest in registered business.
4. Brand Credibility - A Pvt Ltd tag enhances your company's trustworthiness among clients, partners, and customers.
5. Ease of Expansion - It is easy to add in more directors or more shareholders in order to expand the business.
6. Perpetual Succession - The company is not lost even when it has changed ownership.
A private limited company registration in Ghaziabad is the best business structure in startups that want to scale up.
Eligibility Criteria for Pvt Ltd Company Registration in Ghaziabad
You should make sure that your business qualifies to be registered:
· At least 2 directors (at least one a resident of India).
· Maximum 2 shareholders (the minimum number of shareholders can also be directors).
· Minimum authorised capital [?]1 lakh (no minimum required paid-up capital).
· A registered office address in Ghaziabad.
· Each of the directors should possess a DIN (Director Identification Number) and DSC (Digital Signature Certificate).
The following are the necessary documents that one needs to register a private limited company.
The following documents are required in pvt ltd company registration in Ghaziabad:
For Directors & Shareholders:
· PAN Card (mandatory for Indian nationals).
· Passport (for foreign nationals).
· Aadhaar Card / Voter ID / Driving License (as address proof).
· Passport-size photographs.
· Bank statement or electricity bill (as proof of residence).
For Registered Office:
· Rent Agreement (where property is rented).
· NOC from property owner.
· Latest electricity/water bill.
Step-by-Step Process of Pvt Ltd Company Registration in Ghaziabad
Registration is made hassle free by Lawgical India. Here's a step-by-step guide:
· Apply for DSC (Digital Signature Certificate)
DSC is mandatory to all directors in order to sign documents digitally.
· Apply for DIN (Director Identification Number)
The MCA (Ministry of Corporate Affairs) issues directors with DIN.
· Name Approval
File an application with MCA for approval of your company's name. The name must not be like any other existing company.
· Drafting MOA & AOA
Write the Memorandum of Association (MOA) and Articles of Association (AOA), which are the objectives and rules of your company.
· Filing Incorporation Forms
Submit the SPICe+ form, MOA, AOA, and other required documents to the MCA.
· Certificate of Incorporation (COI)
After approval MCA gives a COI and your company comes into existence.
· Apply for PAN, TAN & Bank Account
Get a company PAN, TAN and open a current bank account in Ghaziabad after incorporation.
Cost & Timeline of private limited company registration in Ghaziabad
· Timeframe: The whole process will last mostly 7-12 working days, depending on the approval of MCA.
· Cost: The cost can be different in relation to professional fees, government fees, and stamp duty in Uttar Pradesh. Lawgical India provides low cost packages to startups and small business.
Why Choose Lawgical India for Pvt Ltd Company Registration in Ghaziabad?
At Lawgical India, the complicated procedure of registering a company among the startups and entrepreneurs is simplified. The following are the reasons why companies in Ghaziabad are relying on us:
· End-to-End Support - We do all the documentation to approval.
· Seasoned Professionals - Our professionals will make sure that there is no mistake in the filings and expedited approvals.
· Low Cost - Open packages with no secret fees.
· PAN India Presence - We are located in Ghaziabad, however we offer company registration services throughout India.
· Post-Incorporation Assistance - We assist you with post-incorporation registration, accounting and compliance.
In Lawgical India you can concentrate on growing your business and we will ensure the legal aspects are addressed.
FAQs on Private Limited Company Registration in Ghaziabad
Q1. What is the number of required people to start a Pvt Ltd company?
At least 2 shareholders and 2 directors are needed.
Q2. Is it possible to register a company at home address in Ghaziabad?
Yes, you may place the address of your home as the registered office.
Q3. Do I have to be there present to be registered?
No, the whole process is on-line. You do not even have to visit a government office.
Q4. Which minimum capital is needed?
Registration does not have a minimum paid-up capital.
Q5. Is registration obligatory to have a CA/CS?
Yes, professional qualification is compulsory. In Lawgical India, our specialists help in full documentation and filling.
Conclusion
private limited company registration in Ghaziabad is one of the best decisions you could make in case you are intending to open a business in Ghaziabad. Not alone does it make your business credible but it also offers legal protection and assists your business to grow better.
In Lawgical India, we offer the private limited company registration in Ghaziabad and a smoothly, cheap, and painless undertaking to the entrepreneurs. We have specialists who can assist you in any of your steps whether you are a startup or an established business.
Become part of what you can only dream of today with Lawgical India.
