Private Limited Co. Registration in Vijayawada
A Private Limited Company (Pvt Ltd Company) is a popular form of business entity in India, considered as a separate legal entity distinct from its shareholders. This means the company can own assets, incur liabilities, and enter into contracts in its own name. Registering Pvt Ltd company in Vijayawada is best choice for entrepreneurs due to its benefits. Cqubes simplifies the Private Limited company registration process in Vijayawada with our expert guidance.
Types of Private Limited Co's:
- Private Limited Company by Shares
- This is the most common type of Pvt Ltd Company where the liability of members is limited to the amount unpaid on their shares.
- Private Limited Company Limited by Guarantee
- In this type of company, members' liability is limited to the amount they agree to contribute to the company's assets in the event of its winding up. These are typically used by non-profit organizations, clubs, or associations where profit distribution among members is not the primary objective..
- Unlimited Companies
- In this type of company, members' liability is unlimited for company's debts and liabilities.
Additional registrations(if required):
- Goods and Service Tax (GST)
- One can register to GST for providing GST Invoice and benefit ITC.
- Udyam Registration (MSME)
- Helpful for Micro, Small & Medium Enterprise to obtain various benefits provided by the government for their establishment and growth.
- Importer Exporter Code (IEC)
- mandatory for firms which import to India or export from India.
- Digital Signaure (DSC)
- Digital Signature Certificate is an electronic, secure and authentic way to submit documents electronically for e-fillings, Govt.tenders.
Advantages of Private Limited Co:
Private Limited Co. will have many benefits, we are mentioning few of them:
- Limited Liability
- Separate Legal Entity
- Perpetual Succession
- Access to Funding
- Tax Benefits
- Credibility and Trust
Limitations of Private Limited Co:
Private Limited Co. has few limitations. Few of them are:
- Complex Compliance Requirements
- Costly to Establish and Maintainy
- Limited Flexibility in Decision-Making
- Public Disclosure Requirements
- Ownership Restrictions
- Risk of Mismanagement
Process for registering Private Limited Company in Vijayawada:
- Obtain Digital Signature(DSC)
- All Proposed directors should obtain Digital Signatures(DSC). The DSC is used for signing required documents electronically.
- Director Identification Number(DIN)
- Each director must apply for a DIN if they do not already have one. DIN is a unique identification number issued by the MCA, which is mandatory for anyone appointed as a director of a company.
- Name Reservation
- Apply for reservation of the company name through the RUN (Reserve Unique Name) service or through SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus)
- Drafting Memorandum of Association (MOA) and Articles of Association (AOA)
- Next step is to Draft the MOA and AOA of the company. These documents define the constitution and internal rules of the company, including its objectives, powers, and governance structure.
- Filing SPICe+ Form
- Will prepare and file the SPICe+ form (Integrated Incorporation Form) with the MCA. SPICe+ combines application for DIN, name reservation, incorporation, PAN, TAN, and ESIC (Employees' State Insurance Corporation) registration into a single form.
- Certificate of Incorporation
- After reviewing all documents, the Registrar of Companies (RoC) will issue a Certificate of Incorporation. This certificate legally establishes the existence of the Pvt Ltd Company.
- Open a Bank Account
- Open a current account in the name of the private limited company with any bank of your choice.
Documents Checklist:
Following documents are required for registering Private Limited company in Vijayawada:
- Aadhar Card & PAN Card (of all Directors)
- DIN & DSC (of all Directors)
- Passport size photos (of all Directors)
- Address proof (e.g., utility bill, rental agreement)
Start registering your Private Limited Co. in Vijayawada with Cqubes
Choose CQUBES to guide and register your Private Limited Co. in Vijayawada. Our dedicated team will navigate you in obtaining essential registrations, certifications and compliance in every step of your business growth.
