There are various legalities that you need to consider if you are planning to set up a company. First, you need to decide on the business structure and how you want to register your company. The different kinds of company registrations are Private Company Limited, Limited Liability Partnership, One Person Company, Foreign Subsidiary Company and more. The requirements and eligibility criteria for each of these business models are different. However, if you are planning to start your business in India, we suggest the Private Limited Company structure. This business structure is stable and offers limited liability protection. You can consult company registration consultants in Bangalore to set up your business and register it.
Requirements for Private Limited Company Registration
Understand the requirements for Private Company Limited registration so that your registration process is smooth.
Number of Members: You can have 2 to 200 members or shareholders to register as a Private Limited Company.
Directors: The company should have two directors. Each director should have got a Director Identification Number (DIN) from the Ministry of Corporate Affairs. Also, one of the directors needs to be an Indian resident.
Name of the Company: There are three parts that form the name of the company. The first part is the actual name that you want to have. The second part of the registered name is the activity that your business is going to do, and the final part should have the term “Private Limited Company.”
Digital Signature Certificate: In the current digital market, most businesses are done online. So, it is of paramount importance that you obtain a digital signature certificate that is used to verify the authenticity of the electronic signature. All the directors of the company should have a digital signature certificate, and it should be used in all the digital documents that are authorized or authenticated by the director.
Registered Office Address: While going for the registration process, the temporary address should be provided for the documentation. However, after the registration is completed, the registered address should be provided to the Registration Office. Here, you should note that the Registered Office of a company is the place where all the core functions of the company are being conducted and where the important documents are kept.
Apart from these requirements, there are numerous other processes and specifications that you need to follow to register your company. For a seamless and smooth registration process, you can consult Legalsyne. We are one of the leading company registration consultants in Bangalore and offer end-to-end support for all the registration processes. Contact us right away for more information.