Private Limited Company Registration in Haryana

Haryana is an excellent choice for Private Limited Company Registration, thanks to its advantageous business environment. The state's strategic location, well-developed infrastructure, favourable tax policies, skilled workforce, and proactive government support create a highly attractive setting for entrepreneurs and businesses.

 About Private Limited Company Registration in Haryana

A Private Limited Company is a separate legal entity with its own identity. Once the company name has been approved, it is essential to submit all necessary legal forms and documents to the relevant government bodies for registration. In Haryana, this process involves complying with specific state regulations and procedures.

Types of Private Limited Company Registration in Haryana

The necessary requirements for registering a Private Limited Company are listed below:

Limited by share: In a company limited by shares, shareholders' liability is limited to the unpaid portion of their shares. This arrangement means that shareholders are not personally liable for the company's debts beyond their initial investment.

Limited by guarantee:  A company limited by guarantee is a type of Private Limited Company where members' liability is limited to the amount they have pledged to contribute if the company is dissolved. This structure is commonly used by non-profit organizations.

Unlimited liability: Unlimited liability implies that a business owner is fully responsible for all company debts and liabilities, potentially endangering their personal assets. However, choosing Private Limited Company Registration Online in Haryana offers entrepreneurs protection from personal liability, thereby safeguarding their personal assets from any business-related financial obligations.

Document Required of Company Registration

1   Self-attested Pan card

2.  Self-attested Voter id or Driving license or Passport

3.  Self-attested Bank statement or electricity/telephone/mobile bill

4.  Recent passport size photo

For Registered address of company:

If premise is rented/leased

Copy of electricity billed of the owner

Rent or lease agreement

Noc from owner of property

Advantags of Private Limited Company in Haryana

Creating a Private Limited Company in Haryana can offer multiple advantages.

Limited Liability: The financial liability of shareholders is limited to the extent of their investment in the company.

Perpetual Succession: Regardless of changes in ownership or management, the company continues to operate and remain stable.

Separate Legal Entity: Operates autonomously, thereby bolstering its credibility and expertise.

Capital Acquisition: Provides a more straightforward approach to fundraising by offering shares for sale.

Tax Benefits: Provides an opportunity to leverage better tax rates and deductions than other types of business structures.

Procedure for Registering a Private Limited Company in Haryana

The following steps provide a thorough guide for registering a Private Limited Company:

Digital Signature Certificate (DSC)

Securing Digital Signature Certificates (DSC) for the proposed directors is the initial step. These certificates are crucial for the electronic signing of registration documents, ensuring their security and authenticity.

Director Identification Number (DIN)

A Director Identification Number (DIN) is required to serve as a director. This unique number is obtained by applying online to the Ministry of Corporate Affairs (MCA) and is necessary for the official documentation and registration of directors.

Name Approval

Selecting a unique business name is important. You must apply to the MCA to confirm that your chosen name does not overlap with any existing company names or trademarks, ensuring the protection of your brand identity.

Document Submission

Once the company name is approved, the subsequent step is to compile and submit the required incorporation documents. This includes the Memorandum of Association (MoA), Articles of Association (AoA), along with any necessary declarations and proof of the registered office address.

PAN and TAN Applications

Obtaining a Permanent Account Number (PAN) and a Tax Deduction and Collection Account Number (TAN) is vital for your business. These numbers are necessary for handling tax-related activities and ensuring compliance with tax regulations.

Incorporation Certificate

After the MCA assesses and approves your application and documents, an Incorporation Certificate will be issued. This certificate officially confirms the legal formation of your company and features the Corporate Identity Number (CIN).

Bank Account Opening

The concluding step is to set up a corporate bank account with the Incorporation Certificate, PAN, and any other relevant documents. This will help streamline the management and organization of your company’s financial operations.

Choose Registration Guru for Private Limited Company Registration in Haryana