Private Company Registration

    - 93% of the companies incorporated companies are registered as private limited companies.
    - Hassle free, online registration process provided by professionals.

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Private Limited Company Registration

The best form to run any business is a Private Limited Company Registration. This is the best form of business for any startup. The primary reason to register a Private Company is the status of a separate legal entity. Two Directors along with two shareholders can register a Private Company in India.

Private Companies are best suited for any person looking for funding to run and scale a business. A company is a separate legal entity. Promoters get the advantage of limited liability. They are accountable only to the extent of their shareholding. Directors and shareholders can be common in the Company.

Pvt. Ltd. Company is more credible as compared to other unregistered entities. Obtaining bank loans and funding is easier in registered companies in MCA. There are fewer compliances also required under the Act. Directors need Director Identification Number (DIN) first to register a Company. Shareholders need to have Digital Signatures (DSC).

The registration of any company needs a business place as a registered office. Company incorporation in India takes place through CRC. Company registration is a complete online procedure. The same takes approx 7 to 8 working days.

Advantages of Private company registration

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MEMBERS COUNT

One can start private companies with only 2 members. Max members can go up to 200.

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LIMITED LIABILITY

A LLP is a separate legal entity. LLP partners assumes limited liability only as per the law.

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MIDDLE GROUND

Private Limited companies provide the best form of business registration with limited liability. It provides feasibility of running business with limited liability.

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PERPETUAL SUCCESSION

A Company is a separate legal entity. It exists even after the death of the member incorporated the company.

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BUSINESS CREDIBILITY

Unlike normal Partnership firms, LLP firms, company registration more recognition as they are regulated in company point of view by law.

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FUNDING OPTIONS

A LLP is a good option to generate fundings from bank or investor against profit sharing.

Documentation for Pvt. Ltd registration

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Passport size Photograph

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Copy of PAN Card

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Copy of Electricity Bil

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Sale Deed (if owned)

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Copy of Aadhar Card

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Address Proof (Bank Statement/Mobile/Telephone Bill)

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Copy of rent agreement (if rented)

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NOC

Packages





Note:


privatecompany

Process involved in registering a Private Company Registration

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1

Getting sorted with Director identification number and Digital signature

1-2 working days

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2

Applying for the name

3-4 working days

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3

Filling for the incorporation

3-5 working days

Requirements for registering a company

    - DIN and DSC of all the Directors
    - Minimum 2 Directors
    - Minimum 2 shareholders
    - There should be some amount as paid up share capital
    - At-least one Indian resident Director out of two.
    - Registered office address in India
Sl. No. Particulars Private Limited One Person LLP
1 Eligibility Any individual may form a PLC. Only a natural person who is an Indian citizen and resident in India. shall be eligible to incorporate an OPC. Any individual and body corporate may be a partner in LLP.
2 Taxation Taxed at 30% plus surcharge and cess as applicable. Taxed at 30% plus surcharge and cess as applicable. Taxed at 30% plus surcharge and cess as applicable.
3 Closure/Dissolution/ Winding ups Can be initiated- Voluntarily, or By the Tribunal Can be initiated- Voluntarily, or By the Tribunal Can be initiated- Voluntarily by the partners or; By the Tribunal
4 Existence or Survivability PLC is not dependent on the directors or shareholder. Can be dissolved only voluntarily or by Regulatory Authorities. Existence of an OPC is not dependent on the Director or Nominee Director. Could be dissolved only voluntarily or by Regulatory Authorities. LLP can continue its existence irrespective of changes in partners.
5 Credibility High Medium Medium
6 Statutory Audit Compulsory Compulsory If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs
7 Minimum Requirement Members-2 Directors-2 Member – 1 Director – 1 Nominee of Sole Member – 1 Designated Partners – 2
8 Fund Raising Options High Low Low
Benefits of registering a Private Company
Protection for shareholders in proper legal terms.
Open for funding from outside India.
Proper role segregation in terms of shareholders and directors.
Minimum two shareholders are enough where as in public limited registration a minimum of 7 shareholders are mandatory.
No need to disclose the financial reports unlike publicly registered corporations.
various exemptions under provisions of Companies Act, 2013.
Mandatory Compliances of Private Company every year
Minimum number of board and general meetings as prescribed under the Act
Appointment of Auditor
Statutory audit by a chartered accountant
Annual filings to registrar of companies
Maintaining Minutes and statutory registers
Filing of ITR

FAQs About Private limited company registration

What is minimum capital required for company registration in India?
There is no least paid-up capital required for registering a Company. As per the companies act 2013 promoters are free to start the business with any sum of money.
What is the Memorandum of Association (MOA) and the Articles of Association (AOA) of a company and what is the procedure in their regard?
MOA is the object clause. AOA is the articles of the company. Both are an integral part of company registration. Both are e-forms filed at the time of incorporation of any company.
How to register a company in delhi?
Company registration is an online procedure through the e-form SPICE+. It takes approx 7 to 8 working days to register any company.
What is company registration certificate?
A certificate of Incorporation (COI) is the certificate given by CRC. Received after complying with the conditions and procedure of incorporation.
What are the advantages of Private Company Registration?
A private Company is a separate legal entity. It has a feature of perpetual succession. It is easy to form with 2 members only. Members assume limited liability.
How to register a company name?
Company name gets applied through SPICE part A. You can get the name via incorporation too. Separate filing of names is not mandatory.
What are the Guidelines for selecting name of a Company?
The name and object of the company could differ and not be in consonance with each other. Promoters can keep the Company name on their initials. No need to change the company name in case of a business activity change. No need to get any sort of NOC whose name is being used in Company’s name.

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