PVT Ltd Company Registration Online in Patna

Overview

Private Limited Company Registration in Patna - Overview

Private limited company registration in India allows for the appointment of a minimum of 2 directors and a maximum of 15 directors. In Patna, to register a private Limited Company is exempt from any minimum paid-up capital requirement, although it is mandatory to append ‘PVT. Ltd’ to the company name.

For those seeking to register a PVT limited company in Patna, it is noteworthy that a minimum of 2 directors, who must be Indian residents, is a prerequisite. Additionally, there should be a minimum of 2 shareholders and a maximum of 200 shareholders. To initiate the registration process in Patna, the government requires fees to be paid for a minimum of shares amounting to ₹1 Lakh. Vakilsearch can make the process of business registration in Patna smooth and hassle-free.

Benefits of Registering a Private Limited Company in Patna

• Growing Economy of Patna

  Since 2005, Patna's economy has experienced continuous growth, driven by the expansion of the Fast-Moving Consumer Goods industry, the service sector, and businesses related to the Green Revolution. Notably, in 2009, the World Bank ranked Patna as the second-best city in India for initiating a business.

• Protect Your Finances

  When you want to register a private limited company, limited liability partnership (LLP), or one-person company (OPC), you limit your personal liability for the company's debts. This shields your personal assets from legal disputes or financial challenges.

• Create a Legal Entity

  Registering as a private limited company, LLP, or OPC establishes a distinct legal identity for your business, separate from its owners. This legal separation allows your company to own property, engage in contracts, take legal action, and continue its existence independently.

• Facilitate Funding

  Choosing a private limited company, LLP, or OPC status provides access to diverse funding sources like equity, debt, angel investors, venture capitalists, and financial institutions. You can issue shares and debentures, even attracting public capital.

• Tax Advantages

  Opting for any company registration in Patna or startup registration in Patna offers various tax benefits and exemptions under the Income Tax Act, of 1961. This includes deductions for business-related expenses, depreciation on assets, and favourable corporate tax rates compared to other business structures.

Documents Required to Register a Company in Patna

The following documents of all directors and shareholders should be submitted for PVT limited company registration:

• PAN card
• Aadhaar card
• Passport (if foreign national)
• Photograph
• Proof of identity (e.g., voter ID card, driving license)
• Proof of address (e.g., bank statement, utility bill)
• Proof of educational qualification (e.g., degree certificate)
• For the registered office, provide:
• Proof of ownership (e.g., sale deed, lease deed, rent agreement)
• Proof of occupancy (e.g., electricity bill, water bill, property tax receipt)
• No objection certificate (NOC) from the owner or landlord.

Basic Requirements for Online Private Company Registration in Patna

• Directors and membership requirements
• Company Name selection
• Registered office address
• Obtaining additional documents
• Digital signature certificate (DSC)
• Director identification number (DIN)
• Name approval
• Memorandum of association (MoA) And articles of association (AoA)
• Address proof and identity proof
• Registered office proof

Types of Business Entities for Company Registration in Patna

• Sole Proprietorship
• Partnership Firm
• One Person Company (OPC)
• Private Limited Company (Pvt Ltd)
• Limited Liability Partnership (LLP)
• Public Limited Company (Ltd).

Step-by-Step Guide to Register a Private Limited Company Online in Patna

Vakilsearch offers a simple en route for PVT limited company registration in Patna. We get it done in just 4 easy steps:

• Step 1: Collecting Initial Documents

  Our team will gather all the necessary documents and get them verified for the incorporation process

• Step 2: DSC and Name Approval

  On your behalf, we will apply for a Digital Signature Certificate (DSC) and seek approval for your company name from MCA

• Step 3: Drafting MOA and AOA and Filling with ROC

  Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company and Upload the completed documents and forms for the final stage of company incorporation

• Step 4: Procure Company Incorporation Certificate

  Our team will initiate the registration process with the government authorities. They will further review the documents and will approve the company registration. Post approval you will be provided a company registration certificate directly

Our Online Services to Register a Private Limited Company Online in Patna

Registering a PVT limited company online in Patna is now easy with our expertise. Start a business in Patna compliant with state rules and regulations. You require,

• DIN and DSC for two Directors
• Drafting of MoA & AoA
• Registration fees and stamp duty
• Company incorporation certificate
• Company PAN and TAN
• A current account with zero balance, powered by DBS bank