Private Limited Company कैसे बनाते हैं | Document require for Pvt Ltd | Cost? Time? By CA Sachin

Note: Private Limited Company Formation | CA Sachin

This note summarizes the key information presented in the YouTube video "Private Limited Company कैसे बनाते हैं | Document require for Pvt Ltd | Cost? Time? By CA Sachin" by Expert CA Sachin.

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1. Summary

This video provides a comprehensive guide on how to form a Private Limited Company in India. CA Sachin details the essential documents required, the estimated costs involved, and the typical timeline for incorporation. He emphasizes the benefits of a Private Limited Company and clarifies common queries regarding the process. The video aims to equip aspiring entrepreneurs with the knowledge needed to navigate the company formation process efficiently.

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2. Key Takeaways

* **Minimum Requirements:** A Private Limited Company needs at least two directors and two shareholders.

* **Director/Shareholder:** The same individual can be both a director and a shareholder.

* **DIN (Director Identification Number):** All proposed directors must have a DIN. If they don't have one, it can be applied for during the incorporation process.

* **DSC (Digital Signature Certificate):** Required for directors to digitally sign incorporation documents.

* **Registered Office Address:** A physical address for the company is mandatory. Proof of address is required.

* **Memorandum of Association (MOA) & Articles of Association (AOA):** These foundational documents define the company's objectives, rules, and regulations.

* **SPICe+ Form:** The primary form used for company incorporation, integrating multiple application processes.

* **Timeline:** Typically, company incorporation takes around 7-15 days.

* **Costs:** The approximate cost can range from ₹7,000 to ₹10,000, depending on professional fees and stamp duty.

* **Benefits:** Private Limited Companies offer limited liability, perpetual succession, and easier access to funding.

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3. Detailed Notes

#### I. Introduction & Benefits of Private Limited Company

* **Purpose of Video:** To explain the process, required documents, cost, and time for forming a Private Limited Company.

* **Why Private Limited Company?**

* **Limited Liability:** Shareholders' liability is limited to their investment in the company.

* **Perpetual Succession:** The company continues to exist even if shareholders or directors change.

* **Separate Legal Entity:** The company is distinct from its owners.

* **Easier Access to Funding:** More attractive to investors and banks compared to sole proprietorships or partnerships.

* **Credibility & Reputation:** Generally perceived as more established and trustworthy.

#### II. Basic Requirements for Formation

* **Minimum Directors:** At least 2 directors.

* **Minimum Shareholders:** At least 2 shareholders.

* **Note:** The same individual can be both a director and a shareholder.

* **Maximum Directors:** Up to 15 directors (can be increased with a special resolution).

#### III. Essential Documents Required

* **For Directors:**

* **PAN Card:** Mandatory for all Indian nationals.

* **Identity Proof:**

* Voter ID Card

* Passport

* Driving License

* **Address Proof:**

* Bank Statement (last 2 months)

* Electricity Bill (last 2 months)

* Mobile Bill (last 2 months)

* **Director Identification Number (DIN):**

* If already possessed, provide the DIN.

* If not, it can be applied for during the incorporation process.

* **Digital Signature Certificate (DSC):** Required for directors to digitally sign forms.

* Class 3 DSC is generally recommended for company incorporation.

* **For Shareholders:**

* Same documents as for directors (PAN, Identity Proof, Address Proof).

* **For Registered Office Address:**

* **Proof of Address:**

* Electricity Bill (not older than 2 months)

* Property Tax Receipt

* Water Bill

* **Rent Agreement:** If the premises are rented.

* **No Objection Certificate (NOC):** From the owner of the property if it's not owned by the company or a director.

#### IV. The Incorporation Process (SPICe+ Form)

* **SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus):** A comprehensive web-based form for company registration.

* **Part A: Part for Name Reservation:**

* Apply for reservation of the company name.

* Suggest up to two names.

* Needs to comply with naming guidelines set by the Ministry of Corporate Affairs (MCA).

* **Part B: Part for Incorporation of Company:**

* Once the name is approved, fill in details of directors, shareholders, registered office, MOA, AOA, etc.

* **MOA (Memorandum of Association):** Defines the company's objectives, scope of business, authorized capital, and liability.

* **AOA (Articles of Association):** Contains the rules and regulations for the internal management of the company.

* **Professional Certificates:** Often required from a Chartered Accountant, Company Secretary, or Cost Accountant.

* **Other Forms Filed Simultaneously:**

* **e-MOA:** Electronic Memorandum of Association.

* **e-AOA:** Electronic Articles of Association.

* **AGILE-PRO:** Application for GSTIN, ESIC, Profession Tax, Bank Account, etc.

#### V. Timeline for Incorporation

* **Name Approval:** Typically 1-2 days.

* **SPICe+ Application & Approval:** Usually takes about 5-7 working days after submitting all required documents.

* **Total Time:** The entire process can be completed within **7 to 15 days**.

* **Factors Affecting Time:** Accuracy of information, completeness of documents, and workload of the Registrar of Companies (ROC).

#### VI. Estimated Costs

* **Government Fees & Stamp Duty:** Around ₹2,000 - ₹3,000.

* **Professional Fees (CA/CS):** Varies based on the professional, but typically ranges from ₹4,000 - ₹7,000.

* **Digital Signature Certificate (DSC):** Around ₹1,000 - ₹2,000.

* **Total Estimated Cost:** Approximately **₹7,000 to ₹10,000**.

#### VII. Post-Incorporation Compliances (Brief Mention)

* Opening a bank account.

* Filing for GST registration (if applicable).

* Other statutory registrations like ESIC, EPF, etc.

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**Contact Information provided in the video:**

* Call/Whatsapp: +91 9319333248

* Call/Whatsapp: +91 8851223067