Private Limited Company Registration
@ Just Rs 12,999/- (All inclusive)
Completely online process
Work handled by professionals
Within 10-15 Days
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What is Private Limited Company Registration
A private limited company is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 200. It is mostly Start-ups and growing companies prefer it on grounds that it allows External funding from angel investors and Venture Capital Firm or other investor.
If any business idea needs funding and in future they are planning for the expanding and growing then Proprietorship or Partnership Firm cannot provide the right support and having a business in this form will be most beneficial.If a business is planning to go global, then the Private Limited Company is the only form which allows 100% Foreign Direct Investment, without any prior government approval.
Advantages of Private Limited Company Registration
The greatest benefit of private limited companies is limited liability of its members, If anything happens to the company, members will not get affected,and shall be liable for unpaid amount on shares only.
Private limited companies enjoys various tax advantages and claim various expenses like Salary to Directors, Professional Fees, Audit fees, Rent and Depreciation on its Assets.
Continuity of Existence
As Private limited companies are separate legal entities it enjoys perpetual succession which means continuation of its existence, unaffected by the death of any of its owner(s) or the transfer of its shares to a new entity.
As it is registered with the Ministry of Corporate Affairs (MCA)and is govern by the act, therefore it has more credibility as compared with other business like sole proprietorship or partnership
Most of the startups, require funding from venture capitalists (VCs). Funding would make VCs shareholders and give them a seat on the board of directors. These can be accommodated by a private limited company
Easy to Start
A Private Limited Company can be incorporated with minimum 2 directors by filing Spice E Form INC-32. Once the documents get verified, certificate of incorporation shall be issued by MCA within 2 to 3 days.
Documents Required For Private Limited Company Registration
- Copy of PAN Card
- Copy Of Adhar/Voter ID Card
- Electricity Bill/ Water Bill
- Landlord NOC (As per format)
- Passport Size Photo of Directors
- Copy of Rent Aggrement
- Copy of Owned Property Papers
Cost of Private Limited Company Registration
|Company Name Search||Nil|
|Stamping and Notary Charges||500
Note: Stamp duty Extra for States: Punjab, Kerala and Madhya Pradesh.
Procedure Of Registering a Private Limited Company
Obtaining DSC and DIN1-2 Working Days
- Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required of the proposed Directors and Subscribers of the Private Limited Company and it can be obtained within 1-2 working days by filing Form DIR-3 (DIN application).
Application for Name Approval3-4 Working Days
- After obtaining the DSC and DIN of the proposed subscribers and Directors, our team will get in touch for a unique name and along with that collect all the requisite documents in scan for the incorporation of the company through the SPICE i.e INC 32
Filing of Incorporation forms3-5 Working Days
- After the name approval and review of all the documents required, we will submit incorporation Forms to MCA and once it gets approved Certificate shall be issued by the ministry and we will send the MOA & AOA via mail and DSC through courier.
FAQ’s On Private Limited Company Registration
What is the minimum paid-up capital of a Private Limited Company?
What is the Memorandum of Association (MOA) and the Articles of Association (AOA) of a company and what is the procedure in their regard?
On receipt of the name approval letter from the ROC the MOA and the AOA are required to be drafted. The MOA states the main, ancillary / subsidiary and other objects of the proposed company. The AOA contains the rules and procedures for the routine conduct of the proposed company. It also states the authorized share capital of the proposed company and the names of its first / permanent directors. After the MOA and AOA are required to be stamped.
A stamp duty is required to be paid on the MOA and on the AOA. The stamp duty depends on the authorized share capital.
Can NRI’s/Foreign national become a director in Private Ltd Company?
We execute a free pilot/sample project to translate your vision and requirements into a coherent blueprint. This blueprint helps us evaluate the complexity of your project and adapt a solution to meet your requirements. We assess the number of resources and the number of hours it will take to deliver your project. This also helps the client to evaluate our capabilities, gaining mutual confidence which helps us build long term business associations before committing to a contract.
Yes, a NRI or a foreign national can become the director in the private limited company, subject to the condition that out of all the directors’ atleast one director should be resident in India for more than 182 days.
Apart from one condition above, there is no other condition attached to it.
How is the certificate of incorporation issued?
What are the documents required for bank account opening of Private Ltd Company?
Once the private limited company is formed, there are various documents which are required for bank account opening. The lists of documents required for opening the bank account are as follows:
- Certificate of Incorporation
- PAN Card Acknowledgement
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Board Resolution as per the format is given by Bank
- Bank Account opening form as per respective bank.