Home > Company Registration > Private Limited Company Registration
Private Limited Company Registration Online
A private limited company is one of the most popular and preferred forms of business entity in India. It is suitable for small and medium-sized businesses that want to have a professional and credible image in the market. A private limited company can have a minimum of two and a maximum of 200 shareholders, and a minimum of two and a maximum of 15 directors.
Get the Best Private Limited Company Registration Service in India. Our exclusive package includes DIN, DSC, name approval, MOA, AOA, company certificate with PAN & TAN numbers. We make the process easy and hassle-free for you.
- Application Filing Within a Day
- Expert guidance and support
- Fast processing
1 Lakh+ Services Completed
3 Lakhs+
Happy Clients
Guaranteed
Best Price
Benefits of Private Limited Company Registration
- Limited Liability: The shareholders of a private limited company are not personally liable for the debts or losses of the company. They are only responsible for the amount they have contributed to the share capital of the company. This protects their personal assets from the risks of the business.
- Separate Legal Entity: A private limited company has a distinct legal identity from its shareholders and directors. It can own assets, enter into contracts, and sue or be sued in its own name. The existence of the company is not affected by the death, retirement, or insolvency of any of its members.
- Easy Fundraising: A private limited company can raise funds from various sources, such as equity shares, preference shares, debentures, loans, etc. It can also issue shares to the public through a private placement or a rights issue. A private limited company can also attract foreign investors and venture capitalists, as it is governed by the Companies Act, 2013 and the Foreign Exchange Management Act, 1999.
- Trustworthiness: A private limited company is registered with the Ministry of Corporate Affairs (MCA) and has to comply with various statutory and regulatory requirements. The details of the company, such as its name, address, directors, shareholders, financial statements, etc., are available on the MCA portal for public access. This enhances the credibility and transparency of the company and builds trust among its stakeholders.
How to Register your Private Limited Company with Us?
Registering for a Private Limited Company with us is simple and easy. Just follow these steps:
- Step 1: Fill up our online enquiry form with your basic details such as name, email, phone number.
- Step 2: Complete the payment online or you can Contact Us to get more information.
- Step 3: You will need to provide us with the necessary documents for Private Limited Company registration. You can send them via email info@taxdoctorconsultant.com or WhatsApp: +91-9953179605
The process of registering a private limited company online in India is simple and hassle-free. You can follow these steps to register your company:
Obtain Digital Signature Certificate (DSC): The first step is to obtain a digital signature certificate for the proposed directors and shareholders of the company. A digital signature certificate is an electronic signature that is used to sign the online forms and documents. You can obtain a DSC from any of the authorized certifying agencies in India, such as eMudhra, Sify, nCode, etc.
Obtain Director Identification Number (DIN): The next step is to obtain a director identification number for the proposed directors of the company. A director identification number is a unique identification number that is assigned to every director of a company by the MCA. You can obtain a DIN by filing the SPICe+ form (INC-32) on the MCA portal.
Name Availability: The third step is to check the availability of the proposed name of the company. The name of the company should be unique, distinctive, and not similar to any existing company or trademark. You can check the name availability on the MCA portal or the Trademark Registry website. You can also reserve the name of the company by filing the Reserve Unique Name (RUN) form on the MCA portal. You can suggest up to two names in the RUN form, and the MCA will approve one of them, subject to availability and guidelines.
Form SPICe+ (INC-32): The fourth step is to file the SPICe+ form (INC-32) on the MCA portal. The SPICe+ form is a single, integrated form that covers various aspects of company registration, such as name reservation, incorporation, DIN allotment, PAN and TAN application, GSTIN registration, EPFO registration, ESIC registration, bank account opening, etc. You can fill the SPICe+ form online or download it and fill it offline. You have to attach the following documents with the SPICe+ form:
- Memorandum of Association (MOA): The MOA is the charter document of the company that defines its objectives, scope, and powers. You can file the MOA online in Form INC-33 or download it and fill it offline.
- Articles of Association (AOA): The AOA is the bye-laws document of the company that defines its rules, regulations, and internal management. You can file the AOA online in Form INC-34 or download it and fill it offline.
- Declaration by the first subscribers and directors: The first subscribers and directors of the company have to declare that they are not convicted of any offence, are not disqualified from being a director, and have complied with all the requirements of the Companies Act, 2013. You can file the declaration online in Form INC-9 or download it and fill it offline.
- Proof of identity and address of the first subscribers and directors: You have to submit the proof of identity and address of the first subscribers and directors, such as PAN card, Aadhaar card, passport, driving license, voter ID card, bank statement, utility bill, etc.
- Proof of registered office address of the company: You have to submit the proof of registered office address of the company, such as rent agreement, lease deed, ownership deed, utility bill, NOC from the owner, etc.
PAN and TAN Application: The fifth step is to apply for the permanent account number (PAN) and tax deduction and collection account number (TAN) of the company. The PAN and TAN are mandatory for the company to file its income tax returns and deduct tax at source. You can apply for the PAN and TAN of the company along with the SPICe+ form. The MCA will forward the details of the company to the Income Tax Department, and the PAN and TAN will be issued to the company within a few days.
Certificate of Incorporation: The final step is to obtain the certificate of incorporation of the company. The certificate of incorporation is the conclusive proof of the existence and registration of the company. The MCA will issue the certificate of incorporation to the company after verifying and approving the SPICe+ form and the attached documents. The certificate of incorporation will contain the name, address, and corporate identity number (CIN) of the company. The company can commence its business activities after obtaining the certificate of incorporation.
How We Can Help You
- Name Availability Check: We can help you check the availability of the proposed name of your company and suggest you the best and most suitable name for your business.
- DSC and DIN Application: We can help you obtain the digital signature certificate and director identification number for the proposed directors and shareholders of your company in a quick and hassle-free manner.
- SPICe+ Form Filing: We can help you fill and file the SPICe+ form (INC-32) on the MCA portal with all the required documents and information. We can also help you file the MOA, AOA, and declaration forms online or offline, as per your preference.
- Certificate of Incorporation: We can help you obtain the certificate of incorporation of your company from the MCA and deliver it to you in a digital or physical format, as per your requirement.
-List of Documents Required for Pvt. Ltd. Company Registration-
- Identity Proof - Passport, Aadhaar card, Voter ID, or Driver's License of the owner.
- PAN Card - Permanent Account Number (PAN) card of the owner.
- Address Proof - Utility bills or bank statements.
-
Proof of Registered Office
-If the property is owned: Any utility bill like an electricity bill or corporation tax receipt not older than 30 days.
-If the property is rented: Rental agreement or No Objection Certificate (NOC) from the owner. - Bank Account Details - Proof of a bank account in the name of the business.
FAQ's on Proprietorship Registration
A minimum of two directors and two shareholders are required to register a Private Limited Company. One of the directors must be an Indian resident and citizen. The directors and shareholders can be the same persons or different entities.
The following documents are required for Private Limited Company registration:
- PAN card of all the directors and shareholders
- Aadhaar card or voter ID card and Bank Statement (Saving A/c) of all the directors and shareholders
- Passport size photographs of all the directors and shareholders
- Proof of registered office address, such as electricity bill, rent agreement, or NOC from the owner
- Digital signature certificate (DSC) of at least one director
- Director identification number (DIN) of all the directors
The procedure for Private Limited Company registration in India involves the following steps:
- Apply for DSC and DIN of the directors
- Reserve the name of the company through the RUN service on the MCA portal
- Draft the memorandum of association (MOA) and articles of association (AOA) of the company
- File the SPICe+ form along with the MOA, AOA, and other documents on the MCA portal
- Obtain the certificate of incorporation, PAN, and TAN of the company from the MCA
- Open a bank account and start the business operations
The time and cost of registering a Private Limited Company in India may vary depending on the availability of the documents, the name approval, and the government processing. However, on average, it may take around 7 to 10 working days and cost around Rs. 15,000 to Rs. 20,000 to register a Private Limited Company in India.
Some of the benefits of a Private Limited Company in India are:
- It has a separate legal identity and can own assets and enter into contracts in its own name
- It has limited liability and the shareholders are not personally liable for the debts of the company
- It has perpetual succession and can continue to exist even after the death or retirement of the shareholders or directors
- It can raise funds from various sources, such as equity, debt, angel investors, venture capitalists, etc.
- It can enjoy various tax benefits, such as deductions, exemptions, and lower corporate tax rates
- It can attract and retain talented employees by offering them stock options and other incentives
There are two ways to close a Private Limited Company in India: voluntary winding up and compulsory winding up. Voluntary winding up is when the company decides to close its business by passing a special resolution and obtaining the consent of the creditors. Compulsory winding up is when the company is ordered to close by the court or the tribunal on the grounds of insolvency, fraud, default, etc.
No, one person cannot start a Private Limited Company in India. A minimum of two directors and two shareholders are required to register a Private Limited Company. However, one person can start a One Person Company (OPC), which is a type of company that has only one member and one director.
A Private Limited Company pays tax at the rate of 25% on its net profits, plus surcharge and cess, as per the Income Tax Act, 1961. Additionally, a Private Limited Company has to pay dividend distribution tax (DDT) at the rate of 15% on the dividends declared, distributed, or paid to its shareholders.
Yes, a Private Limited Company can have FDI or Foreign Direct Investment, subject to the Foreign Exchange Management Act (FEMA) and the Foreign Direct Investment Policy of India. A Private Limited Company can receive FDI either through the automatic route or the approval route, depending on the sector and the percentage of foreign investment.
ROC stands for Registrar of Companies, which is the authority that regulates the functioning of companies in India. A Private Limited Company has to comply with various ROC filings, such as annual returns, financial statements, auditor’s report, board meetings, general meetings, etc. A Private Limited Company has to file these documents with the ROC within the prescribed time limit and pay the applicable fees and penalties for any delay or default.