Company Registration for Pvt Ltd and LLP
Private Limited Company
Documents required:
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- DIN (Director Identification Number) for each director
- DSC (Digital Signature Certificate) for each director
- Proof of identity and address for each director and shareholder
- Rent agreement for the registered office
- Bank account opening form
Benefits:
- Limited liability for shareholders
- Separate legal entity
- Easier to raise capital
- More credibility with customers and suppliers
Compliance requirements:
- Annual filing of returns with the Ministry of Corporate Affairs (MCA)
- Payment of taxes and other statutory dues
- Maintenance of proper books of accounts
Limited Liability Partnership (LLP)
Documents required:
- LLP Agreement
- DIN (Director Identification Number) for each partner
- DSC (Digital Signature Certificate) for each partner
- Proof of identity and address for each partner
- Rent agreement for the registered office
- Bank account opening form
Benefits:
- Limited liability for partners
- Separate legal entity
- Easier to raise capital
- More credibility with customers and suppliers
Compliance requirements:
- Annual filing of returns with the MCA
- Payment of taxes and other statutory dues
- Maintenance of proper books of accounts
In addition to the above, both private limited companies and LLPs are required to comply with a number of other regulations, such as those governing employment, taxation, and environmental protection.