Private Limited Company Registration

A Producer Company is a body corporate having an object to one of the following Production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of the Members or import of goods or services for their benefit. It is similar to a private company.

Basic Mandatory Compliance

Paid-up capital – It must have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.
Name – It is mandatory for all private companies to use the word “Private Limited” after its name.
Any Non-Resident Indian (NRI) or Foreign National can become Directors, but there should be at least one Indian resident on the Board of Directors.

Benefits of Private Limited Company

Limited Liability

Limited liability, asset protection, & no personal financial responsibility in case of failure. Key benefits of setting up a private limited company. Ideal for new businesses.

Tax Efficient

Private limited companies enjoy tax efficiency, corporation tax relief, lower tax on dividends, & other benefits. Increase profits & save on taxes with this structure.

Separate Legal Entity

Private limited company: separate legal entity, own contracts, liable for its own debts. Shareholders' assets protected from creditors in case of company's bankruptcy.

Easier To Raise Capital

Raising capital easier for private limited companies, attract investors with credibility. Issue shares, take loans or bonds. High net-worth individuals more likely to invest without active role in management.

Documents You’ll Need

1. ID Proof

Aadhar / Voter ID / Driving licence / Passport

2. Address Proof

The address proof of the member and nominee along with the proof of registered place of business (ownership documents/rent or lease agreement) or any bill in relation to electricity/landlord bill/bank statement.

3. Photos

The photos of the respective partners must be submitted for identification and verification purposes.

4. PAN Card

The PAN card of the respective partners and designated authorities of the LLP is required.

5. DSC

Digital Signature Certificate (DSC) is required for e-filing the incorporation of the LLP.

6. NOC (Owner/Landlord)

A No Objection Certificate from the property owner/landlord must be enclosed.

7. Passport

Passport is mandatory for any Non-Resident Indian (NRI) or foreign national partners.

8. Mobile Number and Email ID

Contact information of the member and nominee.

9. Bank Statement

Bank Statement copies of member and nominee and of the company.

10. Utility Bill

Electricity bill not older than 2 months of the registered address of the company.