A Private Limited Company is the most preferred structure for founders who plan to raise funding, hire a team and build a brand that lasts. Here's exactly how the process works in India today.
Why founders pick Pvt Ltd
- Limited liability for shareholders
- Separate legal identity that can own assets and contracts
- Easier to raise equity from angels and VCs
- Clear ESOP and ownership structure
Documents required
- PAN and Aadhaar of every director
- Passport-size photograph and personal email
- Latest utility bill of the registered office (≤ 2 months)
- Rent agreement and NOC from premises owner
Step-by-step process
- Apply for Digital Signature Certificates (DSC) for all directors
- Reserve company name through SPICe+ Part A
- File SPICe+ Part B with MoA, AoA, PAN, TAN, EPFO, ESIC, GST application
- Receive Certificate of Incorporation, PAN and TAN
- Open a current account and file INC-20A within 180 days
Common mistakes to avoid
- Picking a name that conflicts with an existing trademark
- Skipping the INC-20A commencement filing
- Forgetting to appoint an auditor within 30 days of incorporation
Need help? Call Cred Compliances at +91 9873602607 or email document@credcompliances.com to start your filing today.