Establishing a private limited company offers unparalleled control and a robust presence for any business, making it an ideal choice for both Indian and foreign ventures looking to set up operations in India. The process of incorporating a private limited company is straightforward and expeditious. Additionally, private companies enjoy numerous exemptions and face fewer restrictions compared to their public counterparts. Consequently, the majority of businesses opt for the formation of a private limited company.

For K K Baranwal & Associates, the definition of a private limited company, as per Section 2(68), is a company with a minimum paid-up share capital as prescribed (with no specific minimum requirement), and outlined in its articles of association:

(i) Imposing restrictions on the right to transfer its shares.

(ii) Limiting the number of members to two hundred.

Features:

  1. K K Baranwal & Associates is allowed to have a minimum of 2 and a maximum of 200 members.
  2. The inclusion of the term “Private Limited” in the company name is mandatory for all private limited companies, including K K Baranwal & Associates.
  3. The shares of K K Baranwal & Associates cannot be freely transferred to the public, as there are restrictions on share transfer.
  4. Compliance with the requirement that at least one director must be a resident of India.

Benefits:

  1. K K Baranwal & Associates currently operates without any stipulated minimum paid-up share capital.
  2. As a private limited company, K K Baranwal & Associates is recognized as a separate legal entity distinct from its members.
  3. Enjoying perpetual succession, K K Baranwal & Associates continues to exist until legally dissolved.

Checklist of Documents

  1. Copies of PAN card, Passport/Voter ID/Driving license of Director(s).
  2. Bank statements of Director(s) or an electricity bill.
  3. Passport-size photographs of Director(s).
  4. No Objection Certificate (NOC) from the owner of the registered office, along with the rent agreement or sale deed (if applicable).
  5. Specimens of signatures of Director(s).

Process of Pvt Ltd Company Registration

Establishing your own company, such as K K Baranwal & Associates, involves navigating through a complex set of procedures. It is crucial to possess a comprehensive understanding of the private limited company registration process and to seek guidance from professionals, like the experts at K K Baranwal & Associates. The entire process is outlined below:

Get Digital Signature Certificate

The majority of the private limited company registration process is conducted online. Therefore, all necessary approvals must be obtained through online channels. When establishing an online private limited company registration in India, obtaining a Digital Signature Certificate (DSC) is a crucial step. This step is integral to completing the registration process, as it is mandatory for all subscribers and witnesses in the Memorandum of Association (MOA) and Articles of Association (AOA) to possess a DSC. K K Baranwal & Associates must acquire this certificate from government-recognized authorities, with the cost typically depending on the certifying authorities.

Apply for Director Identification Number

For an individual aspiring to become a director at K K Baranwal & Associates, obtaining a Director Identification Number (DIN) is imperative. Two methods exist for acquiring a DIN. The first involves filing the DIR 3 form, wherein the individual provides basic details such as PAN card, Aadhar card, etc., and secures approval from the relevant authorities. Alternatively, the SPICe+ form allows a maximum of three directors to apply for DIN simultaneously. This number holds significant importance in the process of registering or initiating a private limited company in India, such as K K Baranwal & Associates.

Get name approval

When establishing a private limited company like K K Baranwal & Associates, securing name approval is a crucial initial step. The individual is required to complete the SPICe+ form, specifying two distinct names for the company. Subsequently, the form is submitted online, and the authorities will either approve or reject the proposed names. In the event of approval, the process proceeds smoothly. However, if there are rejections, the individual must reapply with two alternative unique names, 15 days after the initial rejection. This ensures that K K Baranwal & Associates obtains a suitable and approved name for its registration.

Form SPICe+ (INC-32)

The Ministry of Corporate Affairs has introduced form SPICe+ for the registration of all the new companies from 23rd February 2020. Both Part-A and Part-B have web-based processing that needs to be done online. Once the name of the company is approved, the applicant needs to fill up the Part-B of SPICe+ for web-based incorporation of the company. Nowadays, web-based processing has helped a lot of people to experience a seamless and quick process of incorporation.

Submission of e-MOA (INC-33) and e-AOA (INC-34)

e-MOA refers to the Electronic Memorandum of Association, and e-AOA is an Electronic Article of Association that needs to be submitted during the registration process of the company. MOA represents all the internal rules and regulations of the company that needs to be followed. Now both e-MOA and e-AOA are submitted on the online platform of MCA and linked to form SPICe+ (INC-32) ; both these documents need the digital signatures of the subscribers of MOA and AOA.

PAN and TAN application

The person also needs to get the company’s PAN and Tan. The system itself will generate these forms after the submission of the SPICE+ form. The certificate of incorporation of a Private limited company is issued with the PAN, which is allotted by the Income-tax department of India. All this will be mailed to the person who is sent by MCA.

For top-notch corporate payroll accounting services, connect with K K Baranwal & Associates!

If you are considering the registration of a private limited company (Pvt Ltd) in India, it is essential to meticulously adhere to all the required steps. For expert guidance throughout the process, don’t hesitate to reach out to K K Baranwal & Associates for assistance with corporate payroll accounting services.

How K K Baranwal & Associates Assists with Private Company Registration:

Initiate your appointment:

Commencing the process is simple; individuals can book an appointment with K K Baranwal & Associates by submitting a query on the platform. Our team of experts, from one of the top financial consulting firms, ensures prompt communication with clients.

Document Submission on the Website:

For effective guidance, individuals must upload all necessary documents on the K K Baranwal & Associates website. This includes passport photographs of directors, address proofs, specimen signatures, self-declarations about directorship in other companies, rental agreements for the registered office, Aadhar cards, PAN cards, and No Objection Certificates.

Document Verification by Experts:

Before submitting the application, our experts meticulously verify the documents uploaded by the client to ensure accuracy and completeness.

Assistance in Filling Forms on the MCA Portal:

With the support of K K Baranwal & Associates experts, the process becomes significantly streamlined. Upon engaging with K K Baranwal & Associates, a substantial portion of the work is efficiently handled by our experts on behalf of the clients.

Outsource Accounting & Bookkeeping Services:

Considered the optimal and seamless choice for companies, outsourcing accounting and bookkeeping services is a specialty at K K Baranwal & Associates. For top-notch assistance and cost-effective accounting services, connect with our expert team at K K Baranwal & Associates—a renowned financial accounting firm. With specialists for every step, the process of online private limited company registration becomes smooth and hassle-free. Leveraging our extensive experience across various industries and company sizes, K K Baranwal & Associates offers clients unparalleled financial accounting advisory services.