Private Limited Company Registration

A private limited company is a type of business structure that is privately owned and has limited liability. This means that the owners or shareholders are only responsible for the debts of the company up to the amount of their investment.

Easy Process and Documentation

Required Paperwork

  •  Pan card photocopy of all Directors (self-Signed).
  • Aadhar Photocopy of all Directors (Self Signed).
  • Two photographs of each Directors.
  • Mobile Number & Email ID of both Directors.
  • Company Name and their nature of business.
  • Percentage of Shareholding is also required.
  • Address proof of company like Electricity Bill
  • Rent Agreement with NOC from Landlord with their Aadhaar

Process, Service Charges, Time duration

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INCLUDE IN PACKAGE WHY CHOOSE US PRIVATE LIMITED COMPANY TIMELINE DOCUMENT REQUIRED CURRENT OPENING FORM ENTITY COMPARISON GUIDE BENEFITS REQUIREMENTS FEATURE FAQS

WHAT'S INCLUDED IN THE PACKAGE:

  • Free Consultation, as well as a Search for Your Company Name
  • Assistance with Opening a Business Account Regarding PAN, TAN, Digital Signature Certificates, and Name Reservation
  • Along with a Director’s Identification Number, Digital Signature

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WHAT IS A PVT LTD (PRIVATE LIMITED COMPANY)?

A small business that is privately owned and operated is referred to as a Private Limited Company. In a private limited company, the amount of a member’s personal liability is capped at the number of shares that member owns in the company. Companies Act, 2013 is the legislation that governs a private limited company. According to the Companies Act of 2013, the lowest number of shareholders necessary to launch a private limited company is two, while the maximum number of members that can be included in the company is 200.

The shareholders of a private limited company have limited liability, which means that they are not required to sell any of their personal assets if the company runs into financial difficulties. A private limited company can have a maximum of 15 directors and a minimum of two directors, and each director must be at least 18 years old. A minimum of two directors is required. It is possible for a non-Indian citizen to work for an Indian private limited company as a director.

In India, the phrase “private limited” (pvt ltd) must always be appended to the end of the name of a private limited company. The minimum amount of paid-in capital that is required for a private limited company is one lakh rupees. Even in the event that one of its Members passes away or declares bankruptcy, a private limited company will continue to operate.

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TIMELINE

DOCUMENTS REQUIRED FOR THE REGISTRATION OF A PRIVATE LIMITED COMPANY

Documents needed You need to bring the following papers to register a Private Limited Company:

Share capital amount and suggested ratio for holding shares.
A short description of the company and its business.
The name of the city where the registered office of the company is based.
Ownership and sale deed (in case you own property).
Proof of identity for the Directors and Shareholders (PAN Card).
Proof of the listed office’s address (such as an electric bill, a telephone bill, etc.)
Address proof of the Director or Shareholder (Voter ID, Passport, Driving licence, etc.)
A copy of the most recent electricity bill, phone bill, or cell phone bill for directors.
The jobs of the board and shareholders.
Email addresses of the directors and owners.
The contact information of leaders and shareholders.
Passport-size photos of leaders and shareholders.
If the property is rented, you need to send a copy of the rental agreement along with a No Objection Certificate (NOC) from the landlord.
Affidavits of non-acceptance.
NOC for a change in the original members of MOA and the AoA.
PAN Card for the company.
If you are a foreign user, you need to show proof of nationality.
More to read: How to start a private limited company.

REQUEST FOR NEW ACCOUNT SETUP

A current account is a specific kind of deposit account that gives professionals and businessmen an easier time managing their companies. By using an online current account, businesspeople are able to take advantage of a variety of benefits, including the following:

Unrestricted business dealings
Adaptive properties and options
The provision of online banking services
Having a current account online eliminates a lot of the hassle and gives you the benefit of being able to finish the banking process whenever and wherever you want.

ARE YOU READY TO GROW YOUR COMPANY?

  • In just 5 minutes
  • you can get a current account with no balance
  • Free Current Account Powered by ICICI Bank
Apply For Current Account

ENTITY COMPARISON GUIDE

TYPEPROPRIETORSHIPPARTNERSHIPLLPPVTOPC
MembersMaximum 12-202- Unlimited2-2001
Legal Status of EntityNot Considered as separate Legal entityNot Considered as separate Legal entityConsidered as separate Legal entityConsidered as separate Legal entityConsidered as separate Legal entity
Members LiabilityUnlimited LiabilityUnlimited LiabilityLiability of its members is limitedLimited to the extent of share capitalLimited to the extent of share capital
RegistrationNot CompulsoryOptional/ Can be Registered under partnership Act 1932Registered Under MCARegistered Under MCARegistered Under MCA and Companies Act 2013
Transferability OptionNot AllowedNot AllowedCan Be TransferredCan Be TransferredAllowed to only one person
TaxationAs in Individual30% of Company Profit30% of Profit Plus CESS and Surcharges applicable30% of Profit Plus CESS and Surcharges applicable30% of Profit Plus CESS and Surcharges applicable
Annual FilingsIncome Tax Returns with the Registrar of companiesIncome Tax Returns with the Registrar of companiesFiled with the registrar of the companyFiled with the registrar of the companyFiled with the registrar of the company

THE BENEFITS OF A PRIVATE LIMITED COMPANY

Liabilities are limited.
Because the private limited company is a separate legal entity, the members’ responsibility is restricted to their share only. Individuals with limited obligations do not have to spend their personal assets to meet the firm’s liabilities.

Legal entities are distinct.

One of the primary advantages of forming a private limited company is that the organisation is a separate legal entity under the law. Because of this distinction, persons from private limited companies are only liable for the activities undertaken by them and not by other individuals.

Simple to form

Forming or establishing a private limited company is a simple process. In comparison to the formation of public sectors, the process is fairly straightforward.

Funds

A private limited business can borrow money from both its debentures and its shareholders. Banking and other financial institutions offer assets on a larger scale than other public sectors.

Several Tax Benefits

A private limited firm receives more tax breaks than a public corporation. Here, the corporation pays corporation tax and avoids paying greater taxes.

Take advantage of various possibilities

In contrast to private limited businesses, you may not receive such a legal entity in the public sector.

Internationalise yourself

Other firms or industries require sufficient licencing and approval from the government for foreign investments, hence private limited companies are the only type of corporation that allows for foreign direct investment.

Existence

A private limited firm exists in perpetuity.

Tangibility

Private limited firms have a physical relationship with its shareholders.

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REQUIREMENTS FOR STARTING A PRIVATE LIMITED COMPANY

Before beginning the process of establishing a private limited company in India, there are a few requirements that need to be familiarised with.

  • A distinctive name for the Private Limited Company should be chosen for it, one that will not be similar in any way to any other registered trademark.                                      
  • When operating as a Private Limited Company, you are required to have a minimum of two directors at all times.             
  • Additionally, it is essential to keep in mind that the private limited company must have at least two shareholders. This is a requirement that must be met.               
  •  It is required that every member of a Private Limited Company have a digital signature, which will be used during the registration process for a Private Limited Company.
  • When starting a private limited company, you are required to have a minimum capital investment of one lakh of rupees.
  • Make sure that you have a unique name for your company, as this will surely help you for quick registration. The process of registering a Private Limited Company is a straightforward and straightforward procedure.
  • It is imperative that you steer clear of any names that could be considered offensive for your Private Limited Company.

CHARACTERSISTICS OF A PRIVATE LIMITED COMPANY

  • A Private Limited Company has no dealings with the general public and is not permitted to request any kind of deposit from the general public or from any public sector.
  • People are not permitted to transfer shares in a private limited company, which can assist prevent small private limited companies from being acquired by larger public enterprises.
  • Each and every Private Limited Company must end its name with “pvt.ltd.”
  • 200 people can be a part of a Private Limited Company at once.
  • Private limited companies are relatively simple to work with.
  • referencing everything in the memo.
  • A private limited company was created legally under the 2013 Companies Act.
  • A Private Limited Company’s perpetual existence means that it is unaffected by changes in partners, deaths, or other similar events.
  • Corporate tax must be paid by a Private Limited Company.

PRIVATE LIMITED COMPANY REGISTRATION FAQS

It helps small businesses expand and qualify for loans at the same time. It is also helpful in obtaining a great deal of additional benefits for the company. Instructions for establishing a limited liability corporation A Private Limited Company can be established by at least two people working together. The company must have at least two shareholders and directors, and the directors of the firm can also serve as shareholders in the company. The minimum number of directors required is two.

It helps small businesses expand and qualify for loans at the same time. It is also helpful in obtaining a great deal of additional benefits for the company. Instructions for establishing a limited liability corporation A Private Limited Company can be established by at least two people working together. The company must have at least two shareholders and directors, and the directors of the firm can also serve as shareholders in the company. The minimum number of directors required is two.

It is possible for anyone to become a director or shareholder in the company, and being a director of the company does not require a particular qualification in order to do so.

The Ministry of Corporate Affairs is the organisation that issues Director Identification Numbers. When applying for a DIN, you will need to provide evidence of both your identity and your address, in addition to paying the necessary price.
The directors have been given the responsibility of ensuring that the organisation is managed in the most effective and efficient manner possible. The type of directorship that an individual holds in an organisation determines the duties that are expected of that individual. For instance, the responsibilities of an official chief or a supervising director are far more than those of a non-official director, who may hold the directorship in the capacity of a specialist or an expert.
Yes, a corporation is able to move its registered office whenever it chooses so long as they complete the required procedure.
Yes, the Private Limited Company structure is appropriate for FDI (Foreign Direct Investment) in India.
A private limited corporation needs to have a minimum of two directors and two shareholders at all times. The number of members that can be included in a private limited company should not exceed 200 at any given time. According to the most recent Companies (Amendment) Act of 2015, the Indian government has not made any recommendations on the minimum paid-up share capital that must be present before a private limited company can be incorporated anywhere in India. By virtue of this Amendment Act of 2015, the necessity that one obtain a certificate before starting a business is no longer obligatory, thereby removing a barrier to entry. Xerox copies of the PAN Cards held by the Directors and Shareholders (if they are Indian Nationals) or a copy of their passports (if they are from another country). the Directors’ DINs (Director Identification Numbers) and DSCs (Digital Signature Certificates).
Fill out a short form and upload your documents to our website to acquire a Digital Signature Certificate (DSC) and Director Identification Number (DIN). LegalDocs will seek for company name approval from the appropriate authorities and file the necessary documentation with the Registrar of Companies. We will handle the incorporation of your firm, and the certificate, along with PAN, TAN, and DSC, will be delivered to you in the comfort of your own home.
Limited liability allows you to be held legally liable for limited amounts or liabilities. Therefore, liability shares can only be distributed and shared amongst themselves. No public sector participation is permitted.
One lakh rupees is the minimum amount of capital that is necessary for the start of a private limited company.
Yes, it is possible for a Private Limited Company to use a residential property as its registered office.
Yes, NRIs, foreign nationals, and foreign entities may join an organisation and invest in India, subject to Foreign Direct Investment requirements established by the RBI. Nonetheless, India’s incorporation regulations necessitate that the Board of Directors include at least one Indian national.
The chosen name should be distinct and distinct in order to facilitate the registration process.
Yes, foreign parent or holding firms, including those based in the United States, can establish a subsidiary in India as a 100% owned Private Limited Company subject to Foreign Direct Investment (FDI) guidelines.
In India, 100 percent of Direct Foreign Investment is permitted.

A foreign company in India is not required to register for a DIN, but the company’s director must obtain a DSC.

 

Other registrations are required for a Private Limited Company, which are listed below:
Licence for a shop and an establishment.
Register for VAT with the Sales Tax Officer of the ward in which the company is located.
Employees Provident Fund Organisation Medical Insurance (ESIC) Professional Tax Register
Obtaining authorisation from the RBI/FIPB.

  • The company is limited by shares.
  • Infinite corporation.
  • Company with a guarantee.

Here is the statement and what it says:

  • Name Clause
  • Registered Office Clause
  • Object Clause
  • Association Clause
  • Capital Clause
  • Liability Clause
One lakh (100,000 rupees) is the lowest amount of paid-up capital for a Private Limited Company.
Any individual seeking for the directorship of the company needs to apply for Director Identification Number.
The director holds the duty to manipulate the employer in a maximum green manner. As properly as he ought to have the management first-rate in addition to he ought to realize approximately his responsibilities.

The registered office of a firm in the same state can be changed simply by giving notification within 30 days. Yes, the company’s registered office can be moved from one state to another by following the required procedure.

It is dependent on the documents required, the authenticity of the documents supplied by the director/shareholder, the processing time required for submitting forms, and the time taken by the relevant government bodies, which can range from one to two weeks.

A Digital Signature is the sophisticated code used to affix them to computerised documents while demonstrating the same validity with a specialist as a handwritten signature. DSC verifies the authenticity of the signature.