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Private Limited Company Registration
93% of the companies incorporated companies are registered as private limited companies.
Get your private limited Company registration @ just Rs 2,999/- + Government Fees.
Hassle free, online registration process provided by professionals.
Get your Company within 7 working days.
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What is Private Limited Company Registration
A private limited company is treated as a business entity dealt completely by private ownership . In this type of company registration, the provisions of company Act 2013 applies. For a private limited company registration, it is mandatory to have four roles defined sorted namely 2 Directors and 2 Shareholders. It is not necessary to have four different people to be part of the pvt ltd company registration, a person can act as both the shareholder and one of the directors. The primary reason to register a private company is the status of separate legal entity i.e. the incorporation of company would be of limited liability company and the shareholders are only accountable for the unpaid amount held by them and. The overall procedure of company incorporation is smoother and effective as the costs are considerably reasonable in nature.
Private Limited company Registration is the goto method of company formation for people who are looking into the startup registration route as it is very easy to get the seed funding from the angel investors as all the basics are legally established. The procedures are minimal with regards to documents for setting up private company in India and are ready off the bat to get the investment from ventures hence, many people prefer registering a private business.
Establishing a business as private limited company has its own set of advantage that other methods of the online company registration like firm registration, Limited Liability Partnership (LLP) registration, Public Limited Registration or Nidhi company Registration, as going with private company registration provides you with out of the box funding compatibility. If the company is going too venture offshore and they are awaiting investment from the same then private limited is the way to go.
At Unilex Consultants we provide you a hassle free consultation on business registration and guide you on the procedure of how to register a company which would be dealt by our professionals within a time frame of 10 working days and is subjective to governmental processing time. Our team takes care of the documents required for private company registration and aids in provide you the realistic estimation of cost.
Advantages of Private Limited Company Registration
Members Count
In a private limited company registration, there must be a minimum of 2 people involved who would be share the roles of both shareholders & directors and to a maximum of 200 members.
limited liability
Legal protection and a limited liability to the shareholders are the main reason why business registration seek online company registration route.
Middle ground
Private Limited companies provide the best form of business registration as it is having the legal protection as well as easy to manage.
Capital Limited
The initial capital limits the shareholders with the company in terms of theoretical value of shares and any paid in return to the set company.
Business Credibility
Unlike normal Partnership firms, LLP firms, company registration more recognition as they are regulated in company point of view by law.
Continuity of Existence
pvt ltd company registration would exist in succession fashion as the governmental body treats it as a separate entity in terms of law.
Documents required for private company registration
Passport size Photograph
Copy of PAN Card
Copy of Aadhar Card
Address Proof (Bank Statement/Mobile/Telephone Bill)
Copy of Electricity Bil
Sale Deed (if owned)
Copy of rent agreement
(if rented)
NOC
PACKAGES
Basic
5999/-
(All Inclusive)
Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
GST Registration
PF/ESI Registration
Premium
6999/-
(All Inclusive)
Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
Share Certificate
GST Registration
Trademark Filing
MSME Registration
PF/ESI Registration
Standard
6299/-
(All Inclusive)
Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
Share Certificate
GST Registration
PF/ESI Registration
MSME Registration
Note:
- The above price may vary due to stamp duty in various states
- Trademark filing excludes government fees
Process involved in registering a Private Limited Company
Getting sorted with Director identification number and Digital signature
1-2 working days
Digital Signature Certificate(DSC) is required of the proposed Directors and Subscribers of the Company and it can be obtained within 1-2 working days.Applying for the
name
3-4 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 32Filling for the incorporation
3-5 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, DIN via mail and DSC through courierMandatory Requirements for Private Company Registration:
- 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
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
Here is the break down for helping you to decide your form of business
| S.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 up | 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 |
FAQ’s about Private Company Registration
-
What is minimum capital required for company registration in India? ?
There is no minimum capital required as per companies act 2013 and its company rules, promoters are free to contribute and start the business as per their requirement. -
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. -
How to register a company in delhi?
Company registration in Delhi NCR can be done through the SPICE form i.e. e-form INC-32 in which MOA and AOA is also uploaded and provided to the MCA for verification and registration. -
What is company registration certificate?
After all the documents are filed, the ROC calls the attorney on a specific date for scrutiny and making the corrections in the MOA and AOA filed. On complying with the same, the certificate of incorporation is granted to the attorney. -
What are the advantages of Private Company Registration?
- Limited liability which literally translates to if anything does not goes by plan it only affects the specific persons stakes of share not the actual company as they are separately liable.
- Continuity of Existence even after the transfer of shares or unfortunate event of death of any director
- In funding point of view private limited works out the best in getting the attention of Venture Capitalist (VC’s).
- Has an upper hand in terms of TAX advantages.
- Provides more exposure and credibility.
- Simplified process.
-
How to register a company name?
Company name could be applied through the process of submitting e-form named “RUN” with government fee of Rs 1000/- under MCA site. -
What are the Guidelines for selecting name of a Company?
- Name and object of the company could differ entirely and not necessarily to be in consonance with each other.
- Promoter can keep Company name on their initials and the same could be abbreviated.
- No need to change company name in case of business activity change.
- No need to obtain any sort of NOC whose name is being used in Company’s name.
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