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Procedure for Registering a Private Limited Company

1.Complete Applicatio Fill out the Private Limited Company Application Form.

2.Document Submission: Submit the required documents for verification.

3.Payment: Make an online payment for the registration process.

4. Application Processing: Our executive will handle the application process for registration.

5. Certificate Delivery: Upon successful registration, you will receive the Certificate of Private Limited Company registration via mail.

What is a Private Limited Company?

A Private Limited Company in India is a widely preferred legal structure, regulated by the Ministry of Corporate Affairs and incorporated under the Companies Act, 2013. It is legally separate from its owners, offering advantages such as limited liability, tax benefits, and ease of raising capital.

From startups to established businesses across India, Private Limited Companies are often the entity of choice due to their credibility and benefits.

Required Documents for Registration

  • Self-attested PAN card for each partner.
  • Identity proof (passport, voter ID, Aadhaar, etc.)
  • Utility bill (electricity, telephone, etc.) for proof of office address (not older than 2 months).
  • Two passport-size photos of each director/member.
  • Two months of bank statements for all directors/members.

Registration Process

  1. Name Reservation: Submit the company's name application via SPICE PART A on the MCA portal.
  2. Name Selection: Choose an appropriate name or consult experts for suggestions.
  3. Approval: MCA will approve or reject the name application within 3–4 days.
  4. Name Registration: Upon approval, register the company within 20 days.
  5. Grace Period Extension: Pay additional fees if the 20-day period expires.
  6. Digital Signature Certificate (DSC): Obtain DSCs for directors to authenticate documents online.
  7. Drafting MOA and AOA: Use SPICE PART B to draft the Memorandum and Articles of Association electronically.
  8. Application Submission: Submit the company formation application online.
  9. MCA Evaluation: The Ministry of Corporate Affairs reviews the application.
  10. Certificate of Incorporation: Receive the Certificate of Incorporation, PAN, and TAN upon approval.

Advantages of a Private Limited Company

  • No Minimum Capital Requirement: Start with as little as ₹10,000.
  • Separate Legal Entity: Distinct assets and liabilities from its directors.
  • Tax Benefits: Corporation tax relief and lower dividend taxes.
  • Perpetual Existence: Unaffected by changes in membership.
  • Limited Liability: Directors’ personal assets are protected.
  • Ease of Fundraising: Eligible for venture capital and angel investment.
  • Share Transferability: Simplified share transfer process.
  • Ownership of Property: The company can hold property in its name.
  • Credibility: Registration details in a public database enhance trust.
  • Foreign Direct Investment: Allows investments from foreign entities

Eligibility for Registration:

  • Minimum two directors and shareholders.
  • At least one director must be an Indian citizen.
  • No minimum capital requirement.

Why Choose Us?:

  • 10+ Years of Experience
  • Economical and Fast Services
  • 100% Service

Comparison of Different Types of Business Requirements

Factors To Be Considered Private Limited Company One Person Company Sole proprietorship Limited Liability Partnership Partnership Firm
Applicable Law Companies Act, 2013 Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act,2008 Companies Act, 2013
Ideal For It is ideal for Startup and growing Companies. It is ideal for Single promoters. It is ideal for Small Traders and Manufacturers. It is ideal for Professional. It is ideal for Small business & Home Business.
Minimum Number of Members A minimum of atleast two shareholders and two directors are required to start a Private Limited Company. A minimum of one persons are required to start a One Person Company. Proprietorship can have only one person as member. LLP can have minimum of two persons are required to start a LLP. A minimum of two people are required to start a Partnership.
Initial Investment No minimum requirement No minimum requirement, but if capital exceeds 50 lakh , OPC gets converted into Private Limited No minimum requirement No minimum requirement No minimum requirement
Tax Advantages Profits from Private Limited Companies are taxed at a rate of 30% plus a surcharge and receive fewer tax breaks. Profits from a one-person business are taxed at a rate of 30%, plus any relevant surcharges and cess, and with fewer tax breaks. Taxed as an individual, with little tax benefits, and based on the proprietor's entire income. LLP profits are taxed at a rate of 30%, plus a surcharge, and with other tax advantages. Profits from partnerships are taxed at a rate of 30% plus a surcharge, with few tax advantages.
Annual Filings Each year, Private Limited Companies are required to submit Income Tax Returns, Annual Returns, and Annual Accounts to the Registrar of Companies. Each year, it must submit Income Tax Returns, Annual Accounts, and Annual Returns to the Registrar of Companies. The Registrar of Companies is not required to receive an annual report. Based on the profits of the proprietorship, an income tax return must be filed. Each year, LLP must submit an Income Tax Return, an Annual Statement of Accounts & Solvency, and an Annual Return to the Registrar. The Registrar of Companies is not required to receive an annual report. The Partnership must file an income tax return.
Compliances High High Minimal Low Minimal
Member(s) Liability The responsibility of shareholders is restricted to the amount of their share capital. The responsibility of a director or nominee is restricted to the amount of their share capital. The proprietor is liable for all obligations of the proprietorship and has unrestricted liability. Partners only have limited liability and are held accountable for their portion of the LLP's contributions. Partners are liable for all Partnership liabilities and have limitless liability.
Transferability Share transfers are one way to transfer ownership. It's possible to transfer ownership. Cannot be transferred. It's possible to transfer ownership. Cannot be transferred.