Private Limited Company Registration in India
Getting a Private Limited Company has been more easier in recent years. With Legaltoast, you can get your private limited company registration in the shortest period possible and at the lowest fees possible.To avail of our services, we charge 499/- as an advance or security payment.
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Overview about Private Limited Company Registration:
A Private Limited Company (PLC) is a privately owned and operated small business that is one of the most popular ways to start a business in India. Private limited company registration in India is governed by the Companies Act of 2013.
While a private corporation must have at least two shareholders to be formed, the Companies Act of 2013 sets a higher limit of members is 200. When a private limited company experiences financial difficulties, its shareholders are not required to liquidate their personal assets, implying that they should have minimal culpability.
For online company registration, a minimum of two directors is required, with a maximum of 15 directors permitted. The nominated director must be at least 18 years old. In India, a foreign national can be a director of a private limited business.
There is no minimum paid-up capital requirement for forming a private limited company. Every private limited corporation must end its name with “pvt.ltd.”
A private limited firm exists indefinitely. Even if one of its members dies or goes bankrupt, a private limited business continues to exist.
A private limited corporation has no public relationships and is not allowed to ask for any collateral from the public or public sectors. People are not allowed to transfer shares in a private limited business, which protects private limited companies from taking over by large corporations.
Benefits of Private Limited Company Registration
Forming a business has numerous advantages. If your business is registered, it will gain legitimacy. It has the following advantages for your business:
- Increased capital contribution and stability
- Obtain bank credits and sound investments from reputed investors with ease.
- Improves the company’s ability to expand and grow.
- Protects from personal liability as well as other risks and losses.
- Increase the number of customers
- Provides liability protection for the company’s assets.
Note: When registering a Private Limited Company online, ensure that the company name you choose is available under the “Private Limited Company Registration Name Availability” criteria.
Checklist for Registering a Company in India
We must ensure that the checklist requirements are completed, as outlined by the Companies Act 2013.
Two Directors:
A private limited corporation must have at least two directors and a maximum of fifteen. At least one director of the company must be an Indian citizen.
Unique Name:
Your company's name must be distinct. Any existing companies or trademarks in India should not be confused with the suggested name.
Minimum Capital:
There is no requirement for a firm to have a certain amount of capital. A company's authorised capital should be at least one lakh rupees.
Registered Office:
A company's registered office does not have to be a commercial space. Even a rental property might serve as the registered office if the landlord grants permission.
Documents Required for Private Limited Company Registration
In the process of forming a private company, having complete and accurate documentation is critical. Let’s look into the Documents needed in more detail:
ID Proof
- Pan Card (For Indian Nationals);
- Passport (For Foreign Nationals).
Address Proof
- Latest Bank Statement (Not older than two months)
- Voter ID;
- Driving License;
- Latest Utility Bills.
- Passport;
Registered Office Address Proof
If the premises are owned by Director or Shareholder or any of the related entity, then the following documents are must:
- Latest Electricity Bill in the name of Director or Shareholder or a related entity;
- No-Objection Certificate (NOC).
If the premises are taken on rent:
- Scanned passport-size photographs of all Directors and Shareholders;
- Latest Electricity Bill in the name of the owner;
- Rent Agreement;
- NOC (No-Objection Certificate).
- Specimen Signatures for all the Directors and Shareholders for verification.
procedure for Private Limited Company Registration
Make Enquiry
Get a call back from us
Make a partial payment (Rs.499)
Submit your document
Work Complete
Note: After completing the process, you have to make the whole payment of the amount.
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Our Packages
Small
- All expenses and Government fee
- 2 Director Identification Numbers (DIN)
- 2 Class III Digital Signatures (DSC )
- Certificate of Incorporation
- PAN Number
- TAN Number
- MOA and AOA Drafting
- Company Identification Number
- Name Approval with Spice+
- Addition cost of Rs. 2000/- for per Class III DSC in case there are more than 2 applicant
Medium
- All Inclusions from Small Package
- MSME Registration
- INC-20A filing
- First Auditor Appointment Resolution
- Bank Account Opening Resolution
- Employment offer letter
- Employment Contract
- Appointment Letter
- Website Policy
- Disclaimer Policy
- NDA
Large
- All Inclusions from Medium Package
- Accounting up to 250 entries in entire FY
- Annual Compliance filing with MCA for a year
- ADT-1 Filing for First year
- ITR filing for first year
- Tax Return filing (up to 100 Invoices per month) for 12 months
- DIR-3 KYC for 2 DIN holders
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FAQs on private limited company registration
No, forming a new business is a completely online process. You would not need to be physically there because all files are filed electronically. All of the needed paperwork and forms must be digitised and sent to us.
If you have all of the relevant files, it will take no more than 15 days. This, however, is subject on the registrar's workload.
Applicants should follow a few name rules, according to the Registrar of Companies (RoC) in India. Because a lot of them are subjective, approval may be conditional on the officer's opinion on how your programme should be handled.
On the other side, the more you stick to the regulations, the higher your chances of getting approved. First and foremost, make certain that your name is available.
All directors must submit proof of address and identification, as well as a copy of their PAN card (for Indian citizens) and passport (foreign nationals). The owner of the registered office premises must file a no-objection certificate.
The DSC is an electronic chin issued by certifying authorities (TCS and n-Code are two of them) by which you'll be able to sign digital documents. As all files needed are electronic, every partner needs a DSC.
files needed are electronic, every partner needs a DSC.