Easy process to Register a company

Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages.

About Private Limited Company

It is the most common and popular corporate entity amongst small, medium and large businesses in India due to various advantages, it is the cost effective and least compliance organisation. It is generally called as a 'Private Company'. A Private Limited Company is more flexible than a Public Limited Company as many of the restrictive provisions of Companies Act are not applicable to Private Limited Companies.

Process to Register a company

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    CHOOSE A SERVICE YOU REQUIRE

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    FILL THE ENQUIRY FORM

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    OUR EXECUTIVES WILL CONTACT YOU

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    PROVIDE US WITH THE REQUIRED DOCUMENTS

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    AVAIL SERVICE

NEEDS of PRIVATE LIMITED COMPANY

Minimum numbers of the director are 2.

Minimum paid up capital is Rs. 100000.

Minimum and maximum number of shareholder is 2 and 200, respectively.

One of the director must be Indian resident. Structure

Advantages of a Private Limited Company

Separate legal entity

Accordance to the Companies Act the companies is legal entity. The members of a company have no liability to the creditors of a company for companies’ debts. The death, bankruptcy or withdrawal of capital by one member does not affect the company's ability to trade.

Limited liability of directors

The liability of the directors is only up to the amount that they invested in the company. Limited liability protects the personal wealth of a private company's directors, and does not put personal assets at risk

Easy to raise funds and Easy to sell

The company enjoys wide options to raise funds through bank loans, angel investors, venture capital fund in comparison to LLP and OPCs.The disposal of the whole or part of the business is easily arranged.

Taxation

There are many allowances and tax deductible costs that can be offset against the profits of a company and the tax would be paid after deducting many costs incurred by director. In addition to that the current level of Corporation Tax is lower than income tax rates.

Easy to Transfer of company

Private company can easily transfer the entire and part of share holding to the any person as an ongoing concern. These changes of ownership, saves the time and money.

Business transaction with relatives

According to section 188 of Companies Act 2013 the private company can enter into the related party transaction with their related firms and company. No separate compliances are to be required to full fill.

DO’S & DON’TS:

DO’S DON’TS
1 At the end of financial year annual filling must be file to the registrar of companies. 1 Share Transfer Can Be Restricted As Per Articles Of The Company.
2To hold the annual general meeting once in a financial year. 2Cannot Issue Shares To The Public.
3 To hold the board meeting four in financial year. 3 It Can Take Loans Only From Shareholders, financial institution, Directors And Relatives Of Director.

FREQUENTLY ASKED QUESTIONS (FAQS)

The following types of Business entitles are available in India:

  • Private Limited Company
  • Public Limited Company
  • Unlimited Company
  • Partnership Firm
  • Sole Proprietorship
  • OPC
  • Limited Liability Partnership
  • Section 8 Company
  • Nidhi Company
  • Non Banking Financial Company
Our expert opinion the choice of entity depends on circumstance of each case. Private Limited Company has lesser number of compliances requirements. Therefore, generally where there is no requirement of raising of finances through a public issue and the ownership is intended to be closely held by limited number of persons, Private Limited Company is the best choice.
A Private Limited Company is a Company limited by shares in which there can be maximum 200 shareholders, no invitation can be made to the public for subscription of shares or debentures, cannot make or accept deposits from Public and restriction on the transfer of shares. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium there on in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 2.
According to the companies act 2013 now the requirement of minimum paid up capital is obliged.
Our expert opinion the minimum paid up capital at the time of incorporation of a private limited company has to be Indian Rupees100000. In this amount pre operating cost and business operating cost are Included. There is no maximum limit on having the authorized capital and the paid up capital. It can be increased any time, by payment of additional stamp duty and registration fee.
The authorized capital is the capital limit authorized by the Registrar of Companies up to which the shares can be issued to the members / public, as the case may be. The paid up share capital is the paid portion of the capital subscribed by the shareholders.
A Digital Signature establishes the identity of the user or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.
Director Identification Number (DIN) is a unique identification number. It is mandatory for all becoming or proposed Directors to have a DIN. Director Identification Number never expires and a person can have only one DIN.
The Private Company can start its business immediately after incorporation
No, there is no requirement to obtained the certificate of commencement of business
  • Identity proof and address proof is mandatory for all the proposed Directors of the Company.
  • PAN Card is mandatory for Indian Nationals and foreigner.
  • The landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
To incorporate a private limited company, a minimum of 2 shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. The shareholders could be natural persons or companies, including foreign companies.
A private limited company must have a minimum of 2 Directors and can have up to a maximum of 15 Directors.
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, foreign nationals can be directors in an Indian Private Limited Company.
  • He/she is not disqualified by court order
  • He/she is not convicted any offense it includes moral turpitude.
Yes, it is mandatory to starting a Private Limited Company but at the time of incorporation there is no requirement to have registered office. We are used correspondence address for showing registered office. The premises can be commercial / industrial / residential where communication from the concerned departments will be received.
Within 30 days from the incorporation of the company, company should have registered office.
Yes, you can register your company at your residential address.
If owned If on rent/lease
registry copy/conveyance deed Rent Agreement /Lease Copy
utility bill (Latest or not older than one month) Noc from owner
Noc from landlord Rent Receipt
  Address proof-(Electricity bill/Gas connection Bill/Telephone Bill) Latest or not older than one month
We can incorporate a Private Limited Company in India from 10-15days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
Yes, a Foreign National or an NRI can be a Director in a Private Limited Company in India after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.
Yes, a Foreign National or an NRI Foreign Companies can hold shares of a Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines.
Yes, Foreign Companies can hold shares of a Private Limited Company in India subject to Foreign Direct Investment (FDI) Guidelines. Please see the FDI Guidelines for various sectors.
Yes, foreign parent or holding Companies, including USA parent companies, can incorporate a subsidiary, as a 100% owned Private Limited Company in India subject to Foreign Direct Investment (FDI) Guidelines. Please see the FDI Guidelines for various sectors.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
Ministry of corporate affairs (MCA) introduced this new concept in India. Effective from 1st may, incorporation of new business will require only one form to be field that is called E-Form INC-32.

E-form INC-32 will provide following service through a single e-forms:

  • Alloment of director identification number
  • Name of a company.
  • Incorporation of a company

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Basic
Rs.12500/-
all inclusive fees

Private Limited Company Registration with DSC, DIN, Name Approval, Incorporation Fee, PAN, TAN, Share Certificates, Company Kit
Bank a/c opening assistance services

Standard
Rs.17500/-
all inclusive fees

Private Limited Company Registration with DSC, DIN, Name Approval, Incorporation Fee, PAN, TAN, Share Certificates, Company Kit.
1 Year ROC Secretarial Compliance Fillings

Premium
Rs.23500/-/-
all inclusive fees

Private Limited Company Registration with DSC, DIN, Name Approval, Incorporation Fee, PAN, TAN, Share Certificates, Company Kit.
1 Year ROC Secretarial Compliance Fillings and Trademark Application.

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