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Private Limited Company Registration

Need to register a Private Limited Company?

Private Limited Company Registration Starting at Just Rs.11,599/- (Inclusive of all Govt. Fees).

About Private Limited Company

Private Limited Companies are those types of companies where minimum number of members is 2 and maximum number is 200. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company.

ADVANTAGES OF PRIVATE LIMITED COMPANY

A company is a legal entity and a juristic person established under the Companies Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

PRIVATE LIMITED COMPANY REGISTRATION PROCESS

Obtaining DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 1 day.

Name Approval

A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 1 day.

Company Registration

Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 2 days, subject to their processing time.

Success is doing ordinary things extraordinarily well.

DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY Registration

Private Limited Companies are regulated by the Companies Act, 2013 & registration is granted by the Registrar of Companies, Ministry of Corporate Affairs and therefore, there is uniform process and documentation. Below is the list of documents and information required for Private Limited Company registration: -

Documents Required for Private Limited Company

For Promoters & Directors

Promoters & Directors

  • PAN Card;
  • Voter ID/Driving License/Passport/Aadhar Card;
  • Photograph;
  • Bank Statement/Electricity Bill/Telephone or Mobile Bill/Gas Bill
  • Note : All copies needs to be Self-Attested.

For Registered Office

Rented Property

  • Rent Agreement/Lease Deed along with latest
    rent receipt;
  • NOC from the property owner


Owned Property

  • Sale Deed/House Tax receipt/Electricity Bill;
  • Utility Bill (Electricity Bill/Gas Bill/Mobile or Telephone Bill) in owner‘s name

Note:

For Foreign National the Copy of passport is mandatory. All foreign nationals and non – resident Indians should provide notarised or apostilled or counsularised documents from the Indian Embassy in that country. It is mandatory to provide documents in the languages English or Hindi only, if In any case the documents are not in English or Hindi, then the certified translation copy should be attached.

Features of Private Limited Company

  • Requires 2 Person as Entrepreneur i.e Directors
  • Easy to setup and recommended for growing
    Start-ups
  • Limited Liability for Members
  • More credibility as compare to others
  • Easily raise funds from Investors

Disadvantages of Private Limited Company

  • Statutory compliance are high
  • High setup cost as compared to Others
  • Involvement of other directors in decision making
  • Restricted to transfer shares to others without agreements
  • Not allow invite to public for deposits

Why Private Limited Company is the choice for Start-ups?

For the proper execution of the idea choosing the right form of business is important and for start-ups Private Limited is the best option for the following reasons:

  • Legal Compliances
  • Number of people required are low
  • Funding requirements can be fulfilled with the help of shareholders and financial bodies
  • Limited liability of the members
  • Growth of Business can be done by converting a Private Limited to a Public Limited but a LLP cannot be converted to a Private Limited hence it restricts the growth
  • Even though Private Limited Company is expensive but to execute the Big idea into a successful long term business Private Limited Company is the best choice for start-ups
Basic
11,599
/-

(Inclusive of all Govt. Fees).

DSC
DIN
RUN Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
BASIC WEBSITE FREE




Get Started

Standard
15,999
/-

(Inclusive of all Govt. Fees).

DSC
DIN
RUN Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
One Year TDS Filing
GST Registration
BASIC WEBSITE FREE


Get Started

Premium
25,999
/-

(Inclusive of all Govt. Fees).

DSC
DIN
RUN Name Approval
Fees And Stamp Duty
PAN
TAN
Articles Of Association (AOA)
Memorandom Of Association (MOA)
Certificate of Incorporation (COI)
Company kit
One Year TDS Filing
GST Registration
One Year ROC Compliance
Trademark Registration
BASIC WEBSITE FREE

Get Started

FAQ OF PRIVATE LIMITED COMPANY

What is the minimum number of shareholders in a private limited company?

Two. They could be individuals or legal entities.

What is the minimum number of directors in a private limited company?

Two. The Directors must compulsorily be individuals. They cannot be corporate bodies.

What is the minimum share capital of a private limited company?

Rupees One lakh (INR 100,000). However the requirement of minimum share capital may go up if certain words such as India (INR 500,000), Asia (INR 5,000,000), Global, Universal, Industrial (INR 10,000,000) are chosen as part of the company’s name.

Is an office required for a private limited company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

For Registered Office Address

  • Rent agreement along with latest rent receipt (in case the premises are rented)
  • House tax receipts (in case premises are owned)
  • Electricity bill
  • NOC from the Owner (Format will be shared once your company name approved)
Do I have to be physically present in person to incorporate a company in India?

No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. So

How much time does it take to incorporate a company?

We can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

Can LLP (Limited Liability Partnership) be converted to Private Limited Company?

No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. Both the LLP Act, 2008 and the Companies Act, 2013 are silent about the matter and haven't done any amendments on the same. However, if you want to expand your business you can register a Private Limited Company with INC-29 which has simplified the process of registration.

How long is the company valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

Can all the directors of a private limited company be
foreigners?

No. At least one director is required to be an Indian National though he may not be a shareholder.

Are there any prior approvals to be obtained from any authority in India to become a director in an Indian company?

Yes. Every individual who is contemplating a position of a director in an Indian company must obtain a Directors Identification Number (DIN) before he can become a director in an Indian company.

What needs to be done to obtain a DIN?

An application needs to be submitted to the MCA DIN Cell to obtain a DIN.

What are the documents required for Incorporation of Private Limited Company?

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

Can a Salaried person become the director in Private Limited Company?

Yes, a salaried person become the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.

How to choose the name of the company?

First ensure that company name is not similar to any other Private Limited, OPC, LLP or Public limited company. Also, do check if your first is not a registered trademark taken by anybody under the IP Act. Also, make sure the name is not too generic to be accepted by the ROC and also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is IT then the name should contain Technology, Technosoft, IT consultancy.

Compare Your Options


Sole Proprietorship Partnership Firm Limited Liability Partnership One Person Company Private Limited Company
Recommended For Small manufacturers & traders Home businesses Professional services firms Solo promoters Start-ups and growing companies
Limited Liability Protection No No Yes Yes Yes
Tax Benefits High High Moderate Moderate Moderate
Perpetual Existence No No Yes Yes Yes
Statutory Compliances Minimal Minimal Low High High

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