Private limited Company Registration in Dehradun

If you are planning to set up a limited company in Dehradun, Uttarakhand, here we have provided all the requirements set by the Registrar of Companies (RoC) along with the step-by-step process for registering a limited company in Dehradun, Uttarakhand including fees, capital requirements, required documents, the minimum number of members, requirement and directors, name registration process, etc. Let us discuss the Private Limited Company registration in Dehradun.

What is a Private Limited Company?

For business, setting up a private limited company in Dehradun, Uttarakhand is a very good option. In Dehradun, private limited companies are registered under the MCA (Ministry of Corporate Affairs). A Private Limited Company in Dehradun is a company in which the liabilities of the members/shareholders are limited and the business of the entity is in the hands of private shareholders or stakeholders. For the registration of a limited liability company, a minimum of 2 persons are required who will act as executives and shareholders of the accounting unit, and proof of the registered office address, account statement, and PAN number of the executive are also required and documenting the address of the directors, etc.

Advantages of Private Limited Company

• The most important advantage of a limited liability company is that the shareholders have limited liability.
• All directors have equal rights to participate in the management and decision-making of the company. Everyone can sit together and solve the problem if any conflict arises.
• The company can issue debentures and can also accept deposits from the public with the permission of RBI. Funds can be raised from any ordinary person or any organization including through a foreign NRI organization.

Requirement of Private Limited Company registration

For online company registration in India, a minimum of 2 directors can be appointed while a maximum of 15 directors can be appointed.

There is no minimum paid-up capital required to register a private limited company in Dehradun. You need to have Pvt. Ltd in the name at the end.

Company registration in Dehradun is easy if the following requirements are met:

• Minimum 2 directors who are residents of India
• A minimum of 2 shareholders and up to 200 shareholders are required.
• For company registration in Dehradun, government fees are paid for a minimum of Rs 1 Lakh worth of shares.
• A registered address is required.

Benefits of Private Limited Company Registration in Dehradun, Uttarakhand

• If you are planning to start a business or startup by forming or registering a limited company in Dehradun, Uttrakhand, the registration of the such limited company will be with the Registrar of Companies, Dehradun office i.e. RoC – Dehradun. All limited companies in Dehradun or any other part of Uttrakhand need to be registered with RoC Dehradun.
• Uttarakhand has a locational advantage due to its proximity to the National Capital Region (NCR). It also has excellent connectivity with neighboring states. The state of Uttarakhand has a well-developed industrial infrastructure that includes various sector parks, integrated industrial estates, and other industrial estates with private and joint sectors. Thanks to its hills and forests, it is home to abundant natural resources. Uttarakhand’s climatic conditions support horticulture-based industries.
• Vast water resources are helping Uttarakhand to develop as a ‘power state’.
• The state offers huge opportunities in the field of tourism.
• The state has rich mineral deposits.
• In ease of doing business rankings, Uttarakhand has been consistently ranked first by DPIIT, while achieving the highest ranking among hill states in India.
• Uttarakhand has also been ranked 1st in the Export Readiness Index 2020 in the Himalayan states category. Uttarakhand has a literacy rate of 78.80%, which is higher than the national average. It also has the presence of internationally renowned institutes like IIT Roorkee.
• Uttarakhand has enough quality human resources. The state provides a solid foundation for the creation of knowledge-based industries with the help of leading academic and research organizations.

Advantages of incorporating a Private Limited Company in Dehradun

• Independent legal entity for business continuity: A limited liability company is a separate legal entity; separate from its founder, shareholders, or members. The typical purpose of registering a limited liability company is business continuity into perpetuity. Regardless of the life of the people who set up a limited liability company, it continues to operate for generations.
• Easier capital raising by attracting more shareholders: The registration or establishment of a limited liability company is the most popular and useful form of business structure among startups and small and medium-sized enterprises. The basic purpose of these companies remains the ease of listing unrelated persons or entities as shareholders as such, providing capital to the business without any hassles or personal guarantees. Obtaining funds from known colleagues, and other family members are more effective. The business, which takes the form of an independent legal entity, allows the company easy access to borrowed funds from banks and financial institutions.
• Limited liability of shareholders and promoters: The establishment of a limited liability company also reduces the risk of liabilities of the shareholders or partners of the company in the unfortunate event of non-payment to the extent of the provided/invested capital. This means that the personal assets of any member or shareholder remain unaffected.

• Corporate governance and reputation: Another advantage of a limited liability company is that it reaffirms its legitimacy and attracts talented employees. People generally believe that private limited companies that are regulated by the Ministry of Corporate Affairs (MCA) will have higher corporate governance compared to other unincorporated structures. This also leads to a better perception of the labor market and helps to attract better talent.

• Credibility: The Companies Act, 2013 mandates the registration of private limited companies in Dehradun, Uttarakhand with the Registrar of Companies (ROC). The details of any registered private company can be checked or accessed on the website of MCA http://www.mca.gov.in/. Details of company directors and assets provided as security for borrowed funds and other documents of the company. This creates transparency for other people who invest in or even deal with the company.
• Dissolution: An underappreciated advantage of systematic and planned registration as a limited liability company is that the same company can be dissolved without problems if necessary.

Documents required for the registration process

Clear and certified scanned copies of:

• PAN card
• Identification document issued by the Indonesian government – ​​Aadhaar, voter ID or passport, or driver’s license
• Bank statement for six months along with the current address
• Utility bills
• Latest passport size photo
• Sample signature – director’s signature on blank white paper

Procedure for establishing a Private Limited Company

After receiving payment from you, we will proceed as follows-

• Apply for the Digital Signature Certificate of all directors.
• Required to complete our simple company registration form.
• Then we need to ask for company name approval.
• After approval and verification, the next step is to apply for enrollment through INC 32 form.
• After registration, enter your business and complete the necessary registration including GST registration. This is because working without a tax license is illegal in India.
• Sending a set of company certificates.

Final words

One of the most common business registrations among small, medium, and large companies in Dehradun is the registration of a limited liability company in Dehradun. Private company registration is a common choice for new businesses and businesses with higher growth aspirations when choosing a business structure. A private company registration is one that has two or more active members with a limit of 50 members. Private registration of a company must have a minimum paid-up capital of Re.1 or such a higher amount as may be prescribed from time to time.

A private trading company does not issue a call for the subscription of share capital to the public. The phrase “Private Limited” must be included in the name of the company Pvt ltd in Dehradun. This type of corporation has several advantages, including the ability to enter into contracts in its own name, freedom from public or government interference, no need to publish a prospectus, and a legal existence distinct from its members. In addition, private company registration is eligible for registration benefits under the Government of India’s Startup India Scheme.