Private Limited Company

Register

A Private Limited Company Now

@7,999.00 All inclusive. No hidden charges



What is included in the package?

2 DIN, 2 DSC, MOA…

Registration Time

Company Registration in just 10-12 Days

Documents Required

List of Documents / IDs for registration

What is Private Limited Company ?

Private Limited Company registration is the most popular legal structure option for businesses in India. A private limited company can have a minimum of two members and a maximum of two hundred members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors.

The company, holding small businesses privately is a Private Limited Company. A private limited company has limited liability to the shares which are owned by the members. Also, the shares cannot be traded publically. In this article, we have discussed all the sides of a private limited company.

In India, for businesses, the most common legal structure option is the Private limited company. Due to lots of advantages, private limited company, amongst the small business or medium or large businesses, is one of the most common corporate entity. Also one can check the name of a private limited company against Ministry of Corporate Affairs or trademark database. Thus you can also see the list of private limited company in India. And most importantly, any individual or organization can be a member of a private limited group even when they are NRI or foreigners, all they have to be is 18 + above age and also should have to hold a valid Permanent Account Number card.

Eligibility for Private Limited Company Registration: The Companies Act, 2013 and the companies incorporation Rules, 2014 govern the registration of the private limited company. The requirements for the certification are listed below:

Members: There is a requirement of minimum two members and maximum 200 members or shareholders of the organization before registration.
Directors: A private limited company must have a minimum number of two directors to register, and each of them should have the director identification number, given by the MCA. Also one of them must be a resident of India that is the director must have lived in India, not less than 182 days in the preceding calendar year.

Name: For a private limited company, out of so many major components, it is one of them. The company’s name contains the name, the activity, and private limited company. For all private limited companies, it is must consume the word private limited business in the last part of its name. As the name of the company is going to stay throughout the life, so choosing the right name is an essential component. Now the rules have been changed for name approval now only one name shall be applied for registration and either it can be approved or rejected, there is no more concept of re-submission. If the name is rejected then again fresh application shall be made for name approval. One should also keep in mind that the name is not illegal or any offensive.

Office Address: Until the company does not get registered, a temporary address of the company should be provided by the owner of the company for registration. All the necessary affairs of the company are done at the registered office of the company, and all the essential documents are also placed here.
Obtaining the certificate of digital signature: everything is done, now in this modern world, online. All the materials have to be submitted electrically, and for this reason, the companies who are going to registrar must have a digital signature certificate, later which is going to be used for the verification of the documents. Every director must have this digital signature as in all materials they have to mark on the numeric names of every director of the company.

Professional Certification: Every firm requires many professionals for many purposes. So the expert certification is necessary for incorporating the private limited company. At the time of incorporation of the company, to make the certification, there are requirements of many professionals’ like company secretary, cost accountant, chartered accountant, etc.

The steps for private limited company registration: 
There are few steps for registration which listed below:

1. You have to fill the Form – INC 32 (Spice) online for private limited company registration.
2. You have to prepare all the documents which are required for the certification.
3. You have to submit all the reports such as scanner copy of Permanent Account Number card/passport, Voter’s Identity Document/passport / Driver’s licence, latest bank statement/mobile or telephone bill/gas bill/electricity bill, scanned passport sized photograph and specimen signature, with the filing fees to the Registrar of the company.
4. At the time of documents submission, you also have to pay the Registration fees for private limited company registration which varies from company to company.
5. The registrar will then issue the certificate of incorporation, only after reviewing all the given documents.

Advantages of the private limited company:

Ownership: in the public company, the property can be sold on the open market to the public, but in case of the individual limited company, the owner can sell or transfer the shares to another people by their own choice. The founders, the management or a bunch of private investors own the shares of these companies also in this case shares cannot be sold in an open market. In this way, the number of the shareholders will be less which indicates less complexity and less confusion at the time of decision making and also management.
A minimum number of Share Capital: For a public company the minimum amount of share capital is around Rs. 5, 00,000, while as a private limited company it was Rs. 1,00,000 earlier but there is no such minimum number of compulsion now. So for public business, you need a lot of money where there is no such pressure on a private limited company about the fund requirements.
No demand by stock market: As long as the individual limited corporations are doing their work within the law, the shareholders do not interfere in the work also the private limited companies do not worry about the expectations of the shareholders. So they are no such pressure for the individual limited companies by the stock market.

Disclosing Information: as the financial situation of any public company affects the investment of the public, so they always have to publish the financial report of their business, but in case of the private limited company, they are not subjected to such compulsion.

Confidential: it is not suitable for a group that their competitors get to know about their secret information like legal settlements or executive compensation or other crucial information. In public company, you cannot keep reserved this information but in private limited company this information can be saved booked, so they are more secure.

Easy access to debt: for a private limited company it is easy to obtain bank loans and also debentures issuing and the convertible debentures are available always.

Easy transferability: in case of individual limited business it is straightforward to transfer the ownership.it can be quickly done by transferring shares. The agreement of the other shareholders is also required to move the stocks.

Hence, a private limited company is less expensive, less complicated and less time to consume compared to any public group.

Disadvantages of a private limited company:
A high setup cost is required for the individual limited company compared to others.
Without the agreement in a private limited company, you can’t transfer the shares, so this is a little restriction.

The constitutional compliance is quite high for a private limited company.
At the time of decision making, the involvements of all the directors is also a disadvantage.
So, to set up a private limited company, the time required is not more than 15 days if all the documents are in order. However, this also depends on the workload of the registrar.

What you Get

  1. Digital Certificate
  2. Memorandum of Association
  3. Article of Association
  4. Pan Card Of Company
  5. Tan Number
  6. Certificate of Incorporation

Procedure for Private Limited Company Registration

  • 1. Complete our registration form:

     

    You need to fill our registration form and submit the required documents

  • 2. Verification and Name Approval: 3 working days

     

    We will verify and then apply for the name approval. One time one name shall be applied.

  • 3. Get DIN and DSC: 2 working days

     

    After applying the name approval we will make DIN and DSC

  • 4. Documents Submission: 3 working days

     

    After name approval and allotment of DIN and DSC you need to sign some documents to proceed the final steps for incorporation

  • 5. Company approval: 2 working days

     

    Once all documents submitted to the ROC. ROC will verify the documents and issue certification of incorporation

  • 6. Your work is completed:

     

    Once your company is incorporated, we will send you the Company kit includes COI/ MOA/ AOA and DSC.

Procedure for Private Limited Company Registration

1.Complete our registration form:

You need to fill our registration form and submit the required documents

2. Get DIN and DSC: 2 working days

After applying the name approval we will make DIN and DSC

3. Verification and Name Approval: 3 working days

We will verify and then apply for the name approval. One time one name shall be applied.

4. Documents Submission: 3 working days

After name approval and allotment of DIN and DSC you need to sign some documents to proceed the final steps for incorporation

5. Company approval : 2 working days

Once all documents submitted to the ROC. ROC will verify the documents and issue certification of incorporation

6. Your work is completed:

Once your company is incorporated, we will send you the Company kit includes COI/ MOA/ AOA and DSC.

Registration Of Private Limited Company @7,999.00

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh
* Charges extra for NRI/Foreign Directors, or Foreign shareholding companies.

DOCUMENTS REQUIRED

ID Proof

PAN Card

Address Proof

Utility Bills Or Election ID or Driving License

Passport Size Photo

Passport Size Photo

Registered office

NOC From The Owner With Utility Bills With Rent Agreement Or Registry Proof Or House Tax Receipt

Frequently Asked Questions

  • How many Shareholders are required to incorporate a Private Limited Company?

    The number of subscriber or shareholders require to establish a company in India as per the Company Act of 2013 are described as below:
    Minimum no of subscribers for One Person Company is one. However, for a Private Limited Company it is two and Public Limited Company requires seven; whereas a producer Company requires at least ten subscribers.

  • What is the Minimum Number of Directors Required to Form a Company ?

    The number of directors required to establish a company in India as per the Companies Act of 2013 is different for different companies.For a one Person Company, the minimum director is one, whereas a Private Limited Company requires two, for a Public Limited Company is three and for a Producer Company is five.

  • What is a Foreign Company

    Foreign Company is company registered outside India, under a foreign law other than an Indian law

  • What is Private Limited Company ?

    A Private Limited Company is owned by individuals having the advantage of a separate entity as the business assets are separated from personal assets. The minimal requirement to form a private limited company is 2 directors or members, the maximum number of shareholders are restricted to 200. The company shall end with the words 'Private Limited'.

  • What is a Limited Liability concept?

    Limited liability means the shareholders of the company are not personally liable for the liabilities of the company and his liability is limited to the unpaid amount of shares registered in his name.