WHAT IS PRIVATE COMPANY REGISTRATION?

A Private Limited Company is the most popular as well as the most preferred choice of business entity in India. As it requires a minimum of 2 members, it is most appropriate for small and medium-sized businesses and start-ups. It is a privately held business entity with limited liability and allows for a 100% foreign direct investment with government approval. It takes only around two weeks to set up a Private Limited Company. It also allows a significant degree of distinction between the business entity and the management.

Start-ups and growing companies prefer private limited companies as it allows outside funding to be raised easily, limits the liabilities of its shareholders, and enables them to offer employee stock options to pull in top talent.

PRIVATE COMPANY REGISTRATION PROCESS IN INDIA

In order to start your business with such an entity, you need to go through the process of Private Limited company incorporation. Once you are successful with the process, you will get to enjoy the perks of a private limited company that includes the following:

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STEP 1 : SELECT A COMPANY NAME

The first step is to finalize a brand name and company legal name in consultation with a professional and check the availability of the name on the Ministry of Corporate Affairs (MCA) website.

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STEP 2 : DIGITAL SIGNATURE CERTIFICATE (DSC)

All proposed directors of the Private Limited Company must have a digital signature that will be used to file the online Company Registration application. Moreover, one can use the same DSC for a signing of ROC compliance e-forms, and E-Income Tax returns in the future.

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STEP 3 : DIRECTOR IDENTIFICATION NUMBER (DIN)

DIN is a unique Director Identification Number which is allotted to every person who intends to become a director in a company. Application for the allotment of DIN is made in the SPICe form at the time of incorporation.

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STEP 4 : NAME APPROVAL

For the name approval step, an application is filed in the prescribed Form RUN (Reserve Unique Name) with the Ministry of Corporate Affairs.

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STEP 5 : SUBMISSION OF FINAL INCORPORATION FORM (SPICE) ALONG WITH MOA & AOA

After name approval, one needs KYC, and other prescribed documents of Directors & Shareholders. After submission of SPICe form to MCA one will get Certificate of registration along with PAN & TAN.

As per the recent amendment, a new form has been introduced named as AGILE (INC-35). This form is accompanied with the SPICe form.

Submission of this form will provide registration of EPFO (Employees Provident Fund Organization), ESIC (Employee State Insurance Corporation) and GST for the company.

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STEP 6 : BANK ACCOUNT

Open your bank Account and Launch your business.

Benefits

1. SEPARATE LEGAL ENTITY
A company is a separate person having its own rights & obligations. The identity of a Private Limited Company is distinct from that of its members.
A Private Limited Company can be incorporated with minimum 2 directors by filing SPICe E Form INC-32 along with link form SPICe MOA (INC-33) and SPICe AOA (INC-34) AGILE(INC-35). Once the documents are verified, Certificate of Incorporation (COI) is issued to the company by MCA within 2 to 3 days under Fast Track Registration.
For a private company, the earlier minimum number of share capital was Rs. 1,00,000, but now there is no such minimum obligation therefore, there is no pressure of fund requirements.
A Private Limited Company has the flexibility to easily raise loans and investments from Angel Investors, Venture Capitalists NRIs and foreigners.
A registered private limited company enjoys many tax benefits as well.
Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Private Ltd. company.

Get a free consultation for Private Limited Company registration by scheduling an appointment with Finlawcity.

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WHY CHOOSE US

1. STARTUP’S FIRST CHOICE
We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.
100% Technology driven platform to speed up your company registration process and make your life easy
We understand the value of money for startups. We offer complete transparency and affordable cost to startups.
Fully online service so that you can start and complete the process without running around from the comfort of your home or office.
At Finlawcity, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Requirements

Services

MINIMUM TWO DIRECTORS

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MINIMUM TWO SHAREHOLDERS

Services

AT LEAST ONE DIRECTOR SHOULD BE FROM INDIA

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MAXIMUM 200 SHAREHOLDERS

Documents Required

Pan Card

Pan Card

Pan Card of Shareholders & Directors Foreign Directors must provide a valid Passport notarized or apostilled

Photograph

Photograph

Latest Passport size photograph of Shareholders & Directors.

Identity Proof

Identity Proof

Aadhar Card/ Voter ID / Passport / Driving Licence of Shareholders & Directors.

Address Proof

Address Proof

Latest Telephone Bill / Electricity Bill / Bank Account Statement of Shareholders and Directors.

For Registered Office

For Registered Office

Rent agreement Utility bills-telephone, electricity, and municipal (Not older than 2 Months) NOC From Owner.

Frequently Asked Questions

What is a Private Limited Company?
Private Limited Company is the most sought form of Company Registration in India. It is the most preferred form of business and regulated by Ministry of Corporate Affairs (MCA) under Companies Act, 2013. A Private Limited Company is a type of business structure registered with MCA to give a separate legal existence to the business different from its directors and shareholders. This means that a company continues to exist even after the death of any member/director in the company.
A minimum of two persons are required to form a Private Limited Company. It is not even important that members should be different from directors. In a company, two persons can act as Members and Directors both at the same time. Members and Shareholders are one in the same. That means an individual may become shareholder and director at the same time.
There is no minimum capital requirement to form a Private Limited Company Registration. Start-ups may choose on their own how much paid-up capital they want to keep during the Company Registration. However, generally one lac capital is kept as per most companies registered.
Name reservation is quite simple and easy to obtain. Our professionals will guide and help you in choosing the best suitable name of your company according to name guidelines of company incorporation and trademark laws.
Director Identification Number (DIN) is a unique number assigned by the MCA to Individuals allowing them to become Director in any Company or Designated Partner in an LLP (In LLP, it is called DPIN). Any natural person above the age of 18 years can become the director in the company after getting DIN. There are no specific regulations provided in terms of citizenship or residency, also a foreign national can become a director.
Digital Signature Certificates (DSC) are the digital equivalent (electronic format) of physical or paper-based certificates. Likewise, a digital certificate can be presented electronically to prove one's identity, to access information or services on the Internet or to sign certain documents digitally. SPICE+ forms are filed for online company registration after affixing the DSC. The subscribers to MOA & AOA shall possess DSC for submitting e-forms for incorporation.
Memorandum of Association (MOA) is a legal document prepared during the registration process of a company to define its relationship with shareholders and contains the main objectives of the company. Articles of Association (AOA) are by-laws of the company and it regulates management of a company and creates certain rights and obligations between the members and the company.
Yes, Startups get benefits of getting themselves registered as a Start-up under DPIIT and avail many benefits launched by the Govt. Corporates recognize Private Limited Company very well and the foremost advantage is of credibility and good reputation of the established business in the eyes of Investors, Incubation Centres, Financial Institutions and Customers at large.
Post incorporation compliances are easy and manageable. Companies Act, 2013 provides a lot of exemptions to private Companies due to which compliances becomes easy and handy. At CCL, Professionals are there to manage each and every compliance of your company. Get in touch with us to know the post incorporation compliance especially commencement of business.
No, With Compliance Calendar LLP, no compliance is complicated. Our team is here to manage each and every thing when it is about managing company compliances.
We are the market experts in registration and compliance of Companies. We can help you with end-to-end services in Private Limited Registration anywhere in India. Company Registration is a legal process and therefore it is prudent to assign the work to a professionally managed firm like CCL.
Not to worry at all! A Professional from our experienced team will resolve all your queries. Our Company Registration Experts will give you the best advice without any consultancy fees.