Private Limited Company Registration in Pune

How do you go about private limited company registration in Pune? Registration of a limited liability corporation in Pune can be time-consuming and laborious. Yet, it is essential for firms seeking to establish themselves in the city and extend their operations. 

Private limited corporations offer several benefits, including restricted liability for shareholders and a separate legal entity, which can help protect the business owner’s assets in the event of financial or legal challenges. 

Consultation with a trustworthy service provider or legal professional can facilitate registration and assure compliance with present local rules. Businesses can effectively register as a limited liability company in Pune and get its benefits with the right counsel and planning.

How to Register a Pvt Ltd Company With the Minimum Cost in Pune?

In Pune, registering a Private Limited Company can be completed in seven days without complications. A minimum of two directors are required to register a company, which is a simple procedure. The registration procedure, required documents, and associated fees are described below.

Cost of company registration: Rs 6499

Nine days are required to register a company.

The following are the steps required to register a Private Ltd. in Pune:

Step 1 – DSC Application – Request Digital Signatures from Shareholders and Directors as the Directors and shareholders must utilise digital signatures to upload documents to the MCA website.

Step 2 – Name Approval – Apply the proposed company’s name

Step 3: Submit SPICE –   Compile all the documents including MOA, AOA, DIR 2, and INC 9: The MOA and AOA are the firm’s charter and most important documents because they include the company’s business facts and rules.Submit the finished company registration form. After this, the certificate of incorporation will be sent to your email address.

What are the next steps following company registration?

• Application for opening a bank account
• Application for a licence under the Shops and Establishment Act
• Monthly PT return filing
• Register for GST registration if it is applicable.

Compliance expenses per year for a private limited business in Maharashtra:

The annual package for a Private Limited company with a turnover of 20 lakhs is around Rs 20,000 annually.

Inclusions:

• specialised manager for accounting
• Secretarial compliance — submission of AOC4, MGT 7, and ADT 1.
• DIR 3 KYC filing
• Election of Auditor
• Yearly tax return

Types of companies eligible for registration:

1. Private Limited Company: This is the ideal choice if you intend to raise capital.
2. Limited liability partnership corporation: This is ideal if you have partners and want to avoid raising capital.
3. One-Person Corporation: This is the best option if you are a sole founder seeking to raise capital in the future.

Procedures for choosing a name for a Private Limited Company:

• The name should be distinctive and should not resemble or be similar to an existing corporation or trademark.
• It should signify the main activities of the company after incorporation.
• Does not contain any articles such as a, the, etc.

What Are the Documents Required to Register a Pvt Ltd Company in Pune?

Private Limited Corporation provides its shareholders with limited liability or legal protection. A Private Limited Company in India falls midway between a partnership and a publicly-held corporation. At least two individuals can register for it. A person may serve as a director and shareholder in a Private Limited Corporation.

Members of a Private Limited Corporation have responsibilities restricted to the number of shares they own. After obtaining a certificate of incorporation, a limited liability company in India can begin operations. It can be implemented within 15 business days.

The following documents are necessary for a Private Limited Company:

• Passport size Photos of each Director and Shareholder; 
• Proof of all Directors (driver’s licence/passport/voter ID) is required;
• Utility bill for the Registered Office address evidence;
• Rental Agreement and NOC from the owner for authorisation to use premises.
• Self-Attested Residence Address Documentation (Electric Bill/Recent Bank Statement/Mobile Bill) for all partners (not older than 2 months)
• Directors and shareholders’ PAN, Aadhar and bank statements. 

How Do I Register My Pvt Ltd Company in the GST Portal of Pune?

Businesses, firms, and individuals that purchase or sell goods or provide services must register under the Goods and Services Tax (GST) to receive an input tax credit.

Registration for Goods and Services Tax (GST) can be completed online at www.gst.gov.in, where a Temporary Reference Number (TRN) is generated for the application.

• Visit the GST Website and Fill in Part A of the Form (PAN, Mobile No., and Email)
• The Portal verifies your details via OTP and email.
• Upload the required files
• Using the received number to access and complete Part B
• The Reference Number for the Application will be supplied.
• The GST Officer initiates the document verification process.
• The GST Officer will either reject or approve your application in seven business days.
• If extra evidence or clarity is required, one must provide it.
• After all clarifications, a GSTN number will be provided to you.

While GST registration is entirely online, your Private Limited Company’s GST Number can be obtained anywhere in India.

FAQs: Private Limited Company Registration in Pune

What Are the Top Consultants Who Provide Pvt Ltd Company Registration Services in Pune?

One of the best business service consultancies for company registration in Pune is Instafiling 

Who Can Establish a Private Limited Liability Company?

A person must be at least 18 and possess a valid PAN number to form a Pvt. Ltd. company. Individuals, organisations, and even foreigners can form a Pvt. Ltd. Company.

Is It Required to Confirm the Availability of the Company’s Name?

Yes, it is required to check the availability of a name, which is done on the MCA portal, as the name of a company generates its own identity; a separate entity and legal stamp are also produced based on the name of a corporation. 

Thus, it should not be duplicated or identical to another business unless and until it is a branch or division.

Conclusion

Registration of a limited liability corporation in Pune can be time-consuming and laborious. Yet, it is essential for firms seeking to establish themselves in the city and extend their operations. 

Private limited corporations offer several benefits, including restricted liability for shareholders and a separate legal entity, which can help protect the business owner’s assets in the event of financial or legal challenges. 

Consultation with a trustworthy service provider or legal professional, such as Instafiling, can facilitate registration and assure compliance with local rules. Businesses can effectively register as a limited liability company in Pune and get its benefits with the right counsel and planning.

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