Pvt. Ltd.Company Registration

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Private Limited

Private Limited Company Registration

The most common way for business owners to start or incorporate their company is through company registration. Company registration in Lucknow can be performed with the assistance of Business Buddy Solutions. Lucknow, the capital of the Indian state of Uttar Pradesh, has long been renowned as a heterogeneous metropolis that thrived as a cultural and artistic Centre in North India. Because India offers so many various types of enterprises, entrepreneurs must pick the one that best fits their needs.

The Companies Act of 2013 establishes seven different corporate structures:

  1. Private Limited Company
  2. One Person Company
  3. Partnerships
  4. Limited Liability Partnership
  5. Section 8 Company
  6. Public Limited Company
  7. Partnerships
  8. Limited Liability Partnership
  9. Sole Proprietorship

The most popular type of legal entity used by millions of Indian entrepreneurs and popular startups is the private limited company.

What is a private limited company?

A private limited company is a privately held firm for small businesses in which the owners’ liability is restricted to the value of their shares. Private Limited Company formation in India is preferred by startups and expanding enterprises. It allows for easy outside funding, limits the liabilities of its shareholders, and allows them to provide employee stock options to attract top talent. A Private limited company is less complicated, less expensive, and less time-consuming than a public limited company.

Minimum requirement for registering a company in Lucknow.

  • 2 Directors – 1 person must be an Indian national and a resident of India.
  • 2 Shareholders – The Directors can be shareholders
  • Minimum capital of 2 Rupees
  • Registered Office in India

Advantages Of Company Registration

  • The legal entity is distinct from others.
  • Registration, management, and operation are all simple.
  • There is no requirement for minimum capital.
  • Ownership and management are easily assigned.
  • Dissolving or winding up is simple.
  • Banks, investors, and venture capitalists prefer it.

Documents Required for Company Registration 

The director of the company has to present the following documents

If the director is an Indian national:

  1. Scanned copy of pan card 
  2. Scanned copy of Passport / Driver’s Licence / Election ID / Ration Card / Aadhar ID
  3. Bank Statement l / Phone Bill / Electricity Bil
  4. Board resolution authorising investment in the company
  5. Incorporation Certificate of the Company
  6. Address proof of the company

If the director is Foreign national:

  1. A scanned copy of your passport is required.
  2. Scanned copy of Driver’s License / Bank Statement / Residence Card
  3. Bank Statement / Phone Bill / Electricity Bill 
  4. Board resolution authorizing investment in the company
  5. Incorporation Certificate of the Company
  6. Address proof of the company

Process of Company Registration in Lucknow

  1. Application for Name Approval
  2. Application for Digital Signature Certificate (DSC)
  3. Final Submission  Incorporation Application
  4. Opening of Bank Account

Importance of registered office

To avoid penalties and prosecution, a company must maintain various compliances after registering in India.

  1. Every company registered in India is required to have a registered office there.
  2. The registered office must have a sign with the company’s name on it and be a location where notice or communication can be served.
  3. A company’s registered office cannot be on undeveloped land or in a construction zone.
  4. A company’s registered office can be changed after incorporation if necessary.
  • If the registered office is moved within the same city or to the same Registrar of Companies, the process can be completed quickly.
  • If a company’s registered office is moved from one state to another, the process will take longer and be more complicated
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