Private Company Registration in Kota – Step-by-Step Process
What is a Private Limited Company Registration in Kota (Private Company Registration in Kota)?
The Private Limited Company stands out as a popular and flexible choice for entrepreneurs and investors. A Private Limited Company provides a balance between limited liability and operational flexibility. Private companies are businesses that are owned by private individuals or groups of investors and are not publicly traded on stock exchanges.
What are the characteristics/features of Private Company Registration in kota?
Here are some key characteristics and aspects of private company Registration:
Ownership: Private companies are owned by individuals, families, or private equity firms. Ownership is often limited to a smaller group of people, and shares are not publicly traded.
Financial Information: Unlike public companies, private companies are not required to disclose their financial information to the public. They do not have to file regular reports with regulatory bodies such as the Securities and Exchange Commission (SEC).
Control: Owners of private companies usually have more control over the business operations and decision-making processes. They are not subject to the same level of scrutiny and regulations as public companies.
Funding: Private companies can raise capital through private investments, loans, or venture capital. They may choose to stay private to maintain control or due to the nature of their business.
Limited Liability: One of the key features of private companies is limited liability. The liability of shareholders is usually limited to the amount invested in the company, protecting personal assets.
Number of Shareholders: Private companies often have restrictions on the number of shareholders (up to 200 excluding employees) they can have.
Transferability of Shares: The transfer of shares in private companies is often restricted. Share transfers may require the approval of existing shareholders or may be subject to pre-emption rights.
Capital Requirements: The minimum and maximum capital requirements for private companies can vary. Indian Companies Act, 2013 has abolished the concept of authorized capital, giving companies more flexibility.
Statutory Compliance: Private companies must comply with various statutory obligations outlined in the Companies Act. This includes filing annual returns, updating changes in company details, and complying with tax regulations.
Shareholder Agreements: Shareholder agreements are common among private companies and can outline the rights and responsibilities of shareholders, procedures for decision-making, and provisions for dispute resolution.
Dissolution and Liquidation: The process for dissolving or liquidating a private company is typically governed by the Companies Act. This involves settling debts, distributing assets, and fulfilling legal obligations.
What is the process for private company registration in kota?
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1. Obtain Digital Signature Certificate (DSC): Acquire Digital Signatures for proposed directors to digitally sign documents.
2. Director Identification Number (DIN): Obtain Director Identification Numbers (DIN) for the directors, required by the Companies Act.
3. Name Reservation (SPICe+ part A): Choose a unique name for the company, ensuring it complies with the naming rules outlined in the Companies Act. Submit an application to reserve the chosen name with the Central Registration Centre (CRC).
4. Form SPICe + Part B + (Simplified Proforma for Incorporating Company electronically): MCA has introduced Form SPICe + for the registration of new companies in India. The incorporation under Part-B of the SPICe+ form is also web-based and streamlines the incorporation of companies.
Upon the name approval, the applicant can click on the link of the approved name (available on the user’s dashboard) and continue to complete the incorporation. The Part-B of the new SPICe+ form enables the web-based incorporation and serves the following purposes with the benefit of a single application:
Application for allotment of DIN (Director Identification Number)
Reservation of company name
Incorporation of a new company
Application for PAN and TAN (mandatory)
Application for EPFO registration (mandatory)
Application for ESIC registration (mandatory)
Application for Professional tax registration (only for Maharashtra)
Application for opening a bank account for the company (mandatory)
Allotment of GSTN (Goods and Service Tax registration number) if applied for (optional)The details filled in Part-A and Part-B of SPICe+ will be automatically filled in the linked forms AGILE-PRO, e-AOA, e-MOA, and INC-9.
All these forms have to be downloaded in PDF and digitally signed, and later submitted for incorporation purposes. Upon filling of the SPICe+ form, the user has to also download the form SPICe+ in a PDF format and affix the DSC to digitally sign the form.
The digital signature of a professional is required to file the Spice+ form. The professional must certify that all the information given in the form is correct. The professional can be a Chartered Accountant, Company Secretary, or Cost Accountant.
5. e-MoA (INC-33) and e-AoA (INC-34): e-MoA refers to an electronic Memorandum of Association and e-AoA is an electronic Articles of Association. These forms have been introduced to simplify the process of private company registration. Memorandum represents the charter of the company while articles of association contain the internal rules and regulations of the company.
6. AGILE-PRO for TAN, PAN, ESI, and PF Registrations: SPICE+ consists of the AGILE-PRO form for the integrated registration of PAN (Permanent Account Number), TAN (Tax Deduction and Collection Account Number), and registrations under the Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organization (EPFO)
Documents required for filing Spice+ (INC-32) in the process of private company registration in kota
1. Scanned Copy of PAN Card of all applicants
2. Scanned Passport size photograph of all applicants.
3. Scanned Copy of the Aadhaar Card of all applicants.
4. Scanned Copy of the latest bank statement / Utility Bill of applicants
5. Scanned Copy of the Utility bill of the registered office [Which will be mentioned as the registered office of purposed Proposed Company]
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Registration Service Provides the Following Services in Kota
Private Company Registration, Public company registration, Nidhi Company Registration, (FPO/FPC) Farmer Producer Company Registration, One person company (OPC) Registration, NGO – Section 8 Company Registration, LLP- Limited Liability Partnership Registration, Proprietorship Firm Registration, Partnership Firm Registration, Import Export Code (IEC), MSME Registration, BRN – Business Registration Number, Accounting Service, Income Tax Return, Salaried Return, Business Return, Share Market Return, Project Reports, Individual Audit, Company Audit, Company Compliances, GST Audit, GST Annual Filling, GST Registration, GST Return, PF Registration, PF Return, ESI Registration, ESI Return, Digital Signature certificate (DSC), Trademark Registration, Reply of Examination Report in Trademark Registration.
Registration service provides the private company registration service in the following cities of Rajasthan:
Private company registration In Ajmer
Private company registration In Alwar
Private company registration In Anoopgarh
Private company registration In Balotra
Private company registration In Banswara
Private company registration In Baran
Private company registration In Barmer
Private company registration In Beawar
Private company registration In Bharatpur
Private company registration In Bhilwara
Private company registration In Bikaner
Private company registration In Bundi
Private company registration In Chittorgarh
Private company registration In Churu
Private company registration In Dausa
Private company registration In Deeg
Private company registration In Dholpur
Private company registration In Didwana Kuchaman
Private company registration In Dudu
Private company registration In Dungarpur
Private company registration In Ganganagar
Private company registration In Gangapurcity
Private company registration In Hanumangarh
Private company registration In Jaipur
Private company registration In Jaisalmer
Private company registration In Jalore
Private company registration In Jhalawar
Private company registration In Jhunjhunu
Private company registration In Jodhpur
Private company registration In Karauli
Private company registration In Kekri
Private company registration In Khairthal-Tijara
Private company registration In Kota
Private company registration In Kotputli-Behror
Private company registration In Nagaur
Private company registration In Neem Ka Thana
Private company registration In Pali
Private company registration In Phalodi
Private company registration In Pratapgarh
Private company registration In Rajsamand
Private company registration in Ramganj Mandi
Private company registration In Salumbar
Private company registration In Sanchor
Private company registration In Sawai Madhopur
Private company registration In Shahpura
Private company registration In Sikar
Private company registration In Sirohi
Private company registration In Tonk
Private company registration In Udaipur