Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.

1. Company Incorporation in India

3. Types of Companies that can be
Registered in India
1. Private Limited Company
2. Limited Liability Partnership
3. One Person Company
4. Partnership Firm
5. Proprietorship Firm
6. Nidhi Company
7. Producer Company

4. Documents Required for Company
Registration
IDENTITY AND ADDRESS PROOF:
● Scanned copy of PAN Card or Passport
(Foreign Nationals & NRIs)
● Scanned copy of Voter’s ID/Passport/Driver’s
License
● Scanned copy of the latest bank
statement/telephone or mobile bill/electricity or
gas bill
● Scanned passport-sized photograph specimen
signature (blank document with signature
[directors only])
REGISTERED OFFICE PROOF:
● Scanned copy of the latest bank
statement/telephone or mobile bill/electricity or
gas bill
● Scanned copy of Notarized rental agreement in
English
● Scanned copy of No-objection certificate from
the property owner
● Scanned copy of sale deed/property deed in
English (in case of owned property)

5. 3 Simple Steps for Company
Registration
1) Register your directors with the MCA
(Ministry of Corporate Affairs)
2) Get guidance to choose the right
company name
3) Draft your company's constitution
(MoA and AoA)

6. Benefits
● Shields from personal liability and protects from other risks and losses.
● Attracts more customers
● Procures bank credits and good investment from reliable investors with
ease.
● Offers liability protection to protect your company’s assets
● Greater capital contribution and greater stability
● Increases the potential to grow big and expand
● You will also get Zero Balance Current Account - Powered by DBS Bank *

7. Cancellation of Company Registration
Cancellation of Company registration under the Companies Act can be done in
two ways:
1. Fast Track Exit (FTE) mode:
This mode lets you close the company rapidly; even a company which is defunct can apply for this same
mode.This process comes under Section 560, of the Companies Act, 1956.o shut down, a company under
FTE, the Registrar of a company can apply through the Form (FTE) that is available on the MCA website.
An authorized director should download and digitally sign the form. There will be an application fee for this
process.
1. The Dormant status:
This mode is appropriate when you have a registered a company for a future project.It is helpful to apply
for ‘dormant status’ as it reduces the costs of maintaining such a company. Such companies get exempt
from including financial statements, reduces compliance for holding a meeting every quarter and expect to
hold only two meetings yearly, and need not rotate the auditors.

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