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Private Limited Company Registration

The best and easiest way to get your Company registered is through Sahyog Tax where you can enjoy all the benefits of Timely Consulting and advice that helps you to convert your dream into reality.

Register Your Company Now!

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Procedure For Company Registration

To register your Company, just follow 5 simple steps

Step 1

Complete the checklist which contains all the information needed to register a Company.

Step 2

Apply for the name as proposed by you

Step 3

After name approval, apply for DSC

Step 4

Share the signed copy of all the necessary Documents.

Step 5

After Incorporation, Enjoy your Startup.

What is Private limited company?

One of the most prevalent types of "legal structure" for all organizations in India is the establishment of a private limited company. A private limited company may have up to fifty members, with a minimum of two. A private limited company's directors are only partially liable to creditors. Banks and creditors only have the right to sell the company's assets in the event of a default; they are not permitted to sell the directors' personal assets and moreover it comes with several benefits, including “it is easy to register and also easy to dissolve”. The "Private limited company" structure is preferred by startups and growing businesses because it makes it simple to raise capital through outside investment and minimizes the investors' liability. At every stage of the company creation process, we will help you, and our professionals and experts will answer your entire query.

Private Limited Company Benefits

Flexible and Less risk
Large capital contribution and Combined Strength
Easy Growth and Expansion

Documents Required For LLP Registration

  • Copy of PAN and AadharCard of Directors.
  • Passport size photograph of Directors
  • Voter identity card/ Driver’s license/ Passport as Identity proof
  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as Address proof (Not older than 1 month)
  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
  • Copy of Rent agreement (If rented property)
  • Landlord NOC (Format will be provided)
  • Copy of Index 2 (If owned property)

Advantages Of Private Limited Company

There are various justifications for dissolving a private limited company:
  • Favoured by investors, VCs, and banks.
  • The directors or investors can readily distribute or redistribute shares.
  • It functions as a distinct legal person that limits your liabilities.
  • You can profit from its agility as a partnership firm and its advantages as a public limited company.
  • Simple to manage, operate, and enlist.
  • Easy to disperse or wind up.

5 Steps For Company Registration

1. Application of DSC & DPIN :

It is mandatory for partners to apply for a DPIN and a digital mark. The digital signature is an electronic signature used for filing, and the "DPIN" is the Director's PIN that the "MCA" issues to each and every Director. This stage can be bypassed if the directors are already in possession of both a DSC and DPIN.

2. Name approval :

The "MCA" will choose one of the three options you provide for the name of your organisation. The names used should be original and evocative of the company's line of work.

3. MOA & AOA submission :

A "Memorandum of Association (MoA)" and "Articles of Association (AoA)" must be written after the "name" has been approved. The "MCA" must receive both the MOA and the AOA, and both must have "Digital Signature Certificates (DSC)" attached.

4. Get incorporation certificate :

Forming a "Private limited company" and obtaining the joining certificate typically take 15 to 25 days. The joining certification serves as evidence that the business has been established. Your CIN number is also included.

5. Apply for PAN, TAN and Bank account :

You must submit applications for both the PAN and TAN after completing the aforementioned tasks. Both are delivered in about 7 business days. In order to open a bank account, you can later present the incorporation certificate, MoA, AoA, and PAN to a bank.

Private Limited Company-Related Concerns

  • A "Pvt. Ltd company" needs a few extra ROC compliances, which adds another Rs. 5,000 to Rs. 10,000 in annual expenses.
  • Rs. 100,000 is the required minimum capital.
  • A private limited business is limited to 200 members at most.

Even Nevertheless, business owners like private limited companies due to the simplicity of share transfers and the possibility of future expansion.

Eligibility For Private Limited Company Registration

Minimum 2 Shareholders and Directors

Minimum 1 Lac Share Capital

DPIN for all the Directors

At least one Designated partner should be an Indian Resident

Factors To Consider In Company Name Selection

Your company's name is important. It is the first thing that "Purchasers, providers, and partners" will notice about your business. Therefore, it is crucial that it be distinctive, enticing, and appealing. When choosing a name for your business, there are several things to keep in mind.

Short & Simple

The name ought to be short and to the point. From the first moment they either hear it or read about it, people should be able to pronounce and remember the name of your business.

Meaningful

Your business should be linked to your company's name. It must complement the branding of the business. Infosys, for instance, makes references to IT or data framework developments.

Unique

Your business name shouldn't be the same as or confusingly similar to any brand or entity that already exists. Visit search.legalraasta.com to see if the name of your business is similar to others'. The "plural version factor," such as "Flipkart's," as well as simple letter case changes or punctuation additions should be avoided when adopting an established company's name.

Suffix

If your company is a limited liability partnership or a private limited company, the name of your organisation should finish in either "LLP" or "Private Ltd."

Should not be illegal / offensive

Your firm name shouldn't be forbidden by the law. It should not violate any religion's customs or principles or be harmful to them.

Frequently Asked Questions

What does "Private Company Registration" entail?

Our company offers the private "Company registration" service. One of the most common types of "legal structure" for enterprises in India is the registration of a private limited company. The "Companies Act 2013" governs the incorporation of "Pvt Ltd." businesses, which are overseen by the Ministry of Corporate Affairs (MCA).

How may a "Private Company Registered" be created?

Using our professional services, you can complete the "Private Company registration" process. Typically, it takes 10 to 15 days to finish this process. The questionnaire just takes ten minutes to complete.

What steps are involved in registering a private company?

Step 1: Obtaining Digital Signature (DSC) and DPIN
Step 2: Application of DPIN
Step 3: Name approval
Step 4: Form SPICe
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
Step 6: PAN and TAN application

What paperwork is needed to register a private company?

The whole list of paperwork needed to register your private company is provided below:
1. A Copy of PAN Card of all the directors
2. Passport size photographs of all the directors
3. Copy of Aadhaar Card/ Voter identity card of all the directors
4. Copy of Rent agreement (If the company property is on a renting basis)
5. Electricity/ Water bill (Relevant to the “Business Place”)
6. Copy of Property papers (If the property is owned)
7. Landlord NOC (Format will be provided)

What are the essential conditions for forming a "Private Limited Company"?

The following conditions must be met in order to incorporate a "Private Limited Company":
• At least 2 directors and 2 shareholders are required
• The members associated should be between “2-200”.
• Every director should have a DPIN.
• A copy of PAN card of all the shareholders/Directors or Copy of passport (for NRIs only).

A "Company Registration Certificate" is what?

The ROC calls the attorney for review on a particular day after the documents have been filed, makes the required revisions, and then submits the "MoA and AoA" for filing. The Certificate of Incorporation is then given to the business following this procedure.

What "statutory requirements" must be met after the firm has been registered?

Following the company's registration, the following requirements must be met:
  • After registering for a PAN, a current account must be created within 30 days.
  • Select an official auditor.
  • As stated at registration, the paid-up capital must be deposited.
  • Share issuance and allocation.

No, such a requirement does not exist. At their "Place of residence or even in their garage," anyone can launch a business.

What kinds of private limited companies are there?

A company limited by shares.
• Unlimited company.
• A company limited by guarantee.

What much of capital is necessary to establish a Private Limited Company?

A private limited company must be founded with a minimum capital of Rs. 1,000,000. This sum does not have to be in your bank account or on hand. This sum is admissible as a start-up's pre-incorporation expense. You can also depict the capital as money that has been invested in the assets.

A Private Limited Company is allowed to own and operate more than one business?

Multiple businesses can only be operated if they are stated in the "MoA" and approved by the company registrar. The companies may operate in the same industry or a different one. Event management and fashion design, for example, cannot be registered under the same company because they are unrelated activities.

Can anyone be a director?

There are only 2 conditions for anyone to be a director of a Private Limited Company. These are:
1. He/she should be 18 years or older
2. He/she requires a DIN (Director Identification Number)

How many directors are required for the registration of a private limited company?

A "Private limited company" must have at least two directors in order to register.

Can someone who receives a salary become a corporate director?

For certainly, yes. You are eligible to become a director of any kind of business. However, you must review the employment regulations to be sure you are permitted to do so.

What does "Limited Liability protection" refer to?

Only the amount of your investment in the company is subject to your liability. In the event of bankruptcy, no personal assets should be acquired.

Can a Pvt. Ltd. Company make an FDI (Foreign Direct Investment) in India?

A private limited company is undoubtedly qualified to make FDIs in India.

What is a “Digital Signature”?

Similar to a handwritten signature, a digital signature is employed in this instance to affix itself to computerised reports. A DSC gives the signature legal standing.

Is it possible to register a business at your home address?

Only if you can back it up with enough evidence is it possible. The address that must be included is the location where the business receives critical information (if any) from the MCA or other relevant authorities.

What are the Articles of Association and the Memorandum of Association?

The main, ancillary/subsidiary, and additional objects from the proposed corporation are described in "MoA" in detail. While "AoA" offers specifics about the guidelines and practises for the proposed company's everyday operations. The "AoA" also includes information about the authorised share capital and the first and permanent directors of the company.

Are there any annual compliances that a Private Limited Company must satisfy?

A private limited corporation must comply with several requirements, including:
• The company must appoint an auditor.
• At least "one AGM (Annual General Meeting) and four board meetings (one in each quarter)" shall be held by the corporation.
• A review of the company's books by an auditor is required.
• In addition, a business must submit forms AOC-4 and MGT-7 within the allotted time for annual compliance.
• The "ITR" must be filed annually with the "Registrar of Companies (RoC)".

What are the domestic company's base tax rates?

Business structureTax rateEffective tax rate
Domestic company:(Base rate)(Base rate+ surcharge + CESS)
Not availing any exemptions or incentives22%25.17%
Manufacturing companies incorporated after 1st October 2019 and not availing any incentives or exemptions15%17.16%
Availing any incentives or exemptions25%25%+ surcharge + CESS (4%)
In any other case30%30%+ surcharge + CESS (4%)

What benefits do Private Limited Companies offer?

A "Private Limited Company" is a more stable sort of business that is simple to expand and grow.
• In the event of bankruptcy, it safeguards the owner's assets.
• Draws in more customers.
• Getting bank loans and investments from investors is simpler.
• Selling a Private Limited Company is very simple because there is minimal paperwork needed and the process doesn't cost a lot of money.
• Only corporate tax is assessed, which is typically less expensive than other types of taxes.

Are there any unstated fees associated with the registration process?

No, we don't impose any additional fees on our customers. All applicable taxes and fees are included in our fees.

Is the owner's/person's actual presence necessary for the formation of the business?

Everything is done online. Therefore, there is no need for a person to travel somewhere to register. To complete it, you must fill out our form and email us your supporting documents.

How long does it take "Sahyog" to register a Private Limited Company?

Typically, it takes 25 to 30 days to complete. However, "Sahyog" will register your limited company in 10–20 days.

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