t Private Limited Company Registration | Company formation @2,999
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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.The provisions of company Act 2013.For the registration of a Private limited company 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 establishment, a person can act as both the shareholder and one of the directors. The primary reason to go with Private limited company is that the deed would limit the liability of the given shareholder for the unpaid amount held by the person and portrays the same in a separate legal identity. The overall procedure of registering a private limited company is smoother and effective as the costs are considerably reasonable in nature.

Private Limited Registration is the goto method of incorporating a company for people who are looking into the startup route as it is very easy to get the seeding funding from the angel investors as all the basics are legally established. The procedures are minimal with regards to documentation and are ready off the bat to get the investment from ventures hence, many people prefer going the private limited registration route.

Establishing a business as private limited company has its own set of advantage that other methods like Limited Liability Partnership (LLP), Public Limited Registration or Nidhi Registration as going private limited 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 registration process 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 documentation and aids in provide you the realistic estimation of cost.

Advantages Private Limited Company Registration


Members Count

In a private limited company 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

Liability

Legal protection for the shareholders are the main reason why businesses seek to go the private limited route.

Middle ground

Private Limited companies provide the best of two worlds having the legal protection as well as keeping the process simpler.

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, companies are given more recognition as they are regulated in company point of view by law.

Continuity of Existence

The company would exist in succession fashion as the governmental body treats it as a separate entity in terms of law.

Documentation 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

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OR


PACKAGES


Basic

2999/-
Inclusive all taxes

Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
Share Certificate

Premium

3999/-
Inclusive all taxes

Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
Share Certificate
GST Registration
GST Registration
Trademark Filing
Udyog Aadhaar Registration (MSME)

Standard

3499/-
Inclusive all taxes

Name Approval
MOA/AOA
2 DIN
2 DSC
PAN & TAN
Certificate of Incorporation
Share Certificate
GST Registration

Note:

  • The above price may vary due to stamp duty in various states
  • The above price excludes government fees
  • Trademark filing excludes government fees

Process involved in registering a Private Limited Company

1

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.
2

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 32
3

Filling 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 courier

Mandatory 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

  • Minimal Capital involved in registering as as a private limited ?

    There is no Set capital required as mentioned by 2013 governmental laws, if there is a additional capital involved we can sort it out via additional stamp duty.
  • 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 An NRI take part in direct role?

    Yes, NRI can be a part of the of company as long as atleast of the directors is a residing Indian.
  • How is the certificate of incorporation issued?

    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?

    1. 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.
    2. Continuity of Existence even after the transfer of shares or unfortunate event of death of any director
    3. In funding point of view private limited works out the best in getting the attention of Venture Capitalist (VC’s).
    4. Has an upper hand in terms of TAX advantages.
    5. Provides more exposure and credibility.
    6. Simplified process.
  • How is the certificate of incorporation issued?

    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 Guidelines for selecting name of a Company?

    1. Name and object of the company could differ entirely and not necessarily to be in consonance with each other.
    2. Promoter can keep Company name on their initials and the same could be abbreviated.
    3. No need to change company name in case of business activity change.
    4. No need to obtain any sort of NOC whose name is being used in Company’s name.

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