Roorkee, located in the state of Uttarakhand, is renowned for its focus on education, agriculture, and retail. Notable commercial areas in Roorkee include Civil Lines, Solani Park, IIT Campus, and Adarsh Nagar. Our estimates suggest that approximately 90-110 companies are registered in Roorkee each year.
The Private Limited Company, commonly referred to as Pvt Ltd Co, is the most popular and organized business structure in Roorkee. It receives incorporation approval from the Ministry of Corporate Affairs (MCA) following thorough documentation checks, which provides it with legal recognition worldwide.
Once registered, a Private Limited Company gains its own distinct legal identity, meaning it operates as a separate legal entity. This structure allows for multiple legal business objectives as outlined in its Memorandum of Association (MOA) and Articles of Association (AOA).
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Many start-ups and companies consider this form of a business entity as it permits capital funding to be raised easily; it also limits the liability protection to its shareholders and enables them to offer employee stock options to motivate their employees. Availability through a bank loan, equity or debt funding makes a private limited company the most recommended legal structure of many small and medium-sized business entities that are family-owned or professionally run in India
Minimum 2 Directors
Minimum 2 Shareholders.
Unique Company Name.
1 Indian Director.
Office Address for Company Registration.
Director Digital Signature
Director DIN Number
Pan Card
Copy of Pan Card of Directors (Mandatory).
Photograph
Passport Size of Photograph of Directors.
Identity Proof
Voter id card or Driving License or Passport.
Any one of
Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months).
Receipts (any one)
Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one).
Copy of the utility bills
Telephone/Gas/Electricity bill (not older than two months) (any one).
NOC
NOC from Landlord
Limited Liability
Limited Liability is the first among the many benefits of private limited companies. Unlike proprietorships, and partnerships, private limited companies exist as separate legal entities from their shareholders. Neither do the shareholders pocket all the gains nor are they liable for all the losses of the company.
Preferred by banks and Financial Institutions
Private Limited companies are entities that require mandatory registration with the Registrar of Companies under the Ministry of Corporate Affairs. The process of registration is primarily governed by the Companies Act 2013 and the Company Incorporation Rules 2014, along with several other provisions mentioned in statutes like the Trademark Act, Names and Emblems Act, Income Tax Act, GST Act, EPF Act, ESIC Act, Shops and Establishment Act, Contracts Act, SEBI Act, etc.
Easy to incorporate
The introduction of the SPICe+ application has made the process of company registration completely online. SPICe+ / INC 29 is an online application for the registration of a company and 10 additional services from the Ministries of Finance, Labour, and Corporate Affairs. These include applications for DIN, PAN, TAN, registrations under GST, PT, EPF, ESIC, and Shops & Establishment Act, and opening a current bank account for the company.
No minimum and maximum capital requirement
The Indian government has changed the minimum capital requirement for private limited companies, from 1 lakhs to nil. This means that a business can register itself as a private limited company with no authorized capital as well.
Power to sue
As legally incorporated entities, private limited companies can sue third parties in a court of law to resolve disputes over a slew of matters. All documents including contracts, agreements, and memorandums agreed by the company, shall be admissible in a court of law.
Company Name Approval
Company MOA
Company AOA
Company Pan Card
Company Tan card
Director DIN No
Director DSC
Certificate of Incorporation
PF and ESI No
Company Name Approval
Company MOA
Company AOA
Company Pan Card
Company Tan card
Director DIN No
Director DSC
Certificate of Incorporation
PF and ESI No
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