Online Private Limited Company Registration in India



REGISTER PRIVATE LIMITED COMPANY




The Most preferred business structure for Start-ups seeking funds for growing business.



Starting at : ₹9999 (all inclusive)




09599937963,7906012752





PRIVATE COMPANY REGISTRATION

Definition Advantages Procedure Documents FAQs


PRIVATE LIMITED COMPANY


Private Limited Company is the most preferred business structure for Start-ups and growing 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.


A Private Limited company is a limited liability company with a minimum of two and a maximum of 200 members and offers legal protection to its shareholders. Although Private limited company has limited liability and a separate legal entity and at the same time it has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc.





Why Private Company?



NO MINIMUM CAPITAL There is no minimum paid up capital required for starting a Private Limited Company.
EASE OF FORMATION A Private Limited Company can be easily registered and is easy to manage and run.
SEPARATE LEGAL ENTITY The biggest advantage of a Private Limited Company is that its identity is distinct from that of its members. A company is a separate person having its own rights & Obligations which ultimately limits the liability of members.
PERPETUAL SUCCESSION In case of death of the owner or transfer of shares, your business won’t get affected. There will be no effect on firm’s continuance.
LIMITED LIABILITY The greatest benefit of Private Limited Company is limited liability. If any liability arise then its member is not personally affected; members are only liable for unpaid shares held by them and not more than that. Stakeholders are not liable for corporate debts and liabilities.
GREATER FLEXIBILITY A Private Limited Company is required to perform lesser legal formalities as compared to a Public Limited Company. It enjoys special exemptions and privileges under the company law. Therefore, in Private Limited Company, less number of compliance is required.
SECRECY A Private Limited Company is not required to publish its accounts or file several documents. Therefore, it is in a better position than a public company to maintain business secrets.
INVESTMENT Private limited companies easily accommodate equity funding as there is a clear distinction between shareholders and directors as well as limited liability. In fact, venture capitalists and private equity funds prefer to invest in this structure.
TRANSPARENCEY Private Limited Company enjoys enhanced transparency thus able to win the trust of general public.




Company Registration Process




1

Obtaining DSC & DIN

2

Name Approval

3

Drafting MOA And AOA Electronically

4

Company Registration













Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Private Limited Company which is necessary to file the company registration documents. For this, you will only need to provide a few scanned documents and details; our representatives will fill the form and submit it online. DIN and DSC can be obtained for the proposed Directors within 1 to 2 days.




Documents required for Private Limited Company incorporation




FOR DIRECTORS & SHAREHOLDERS



Self Attested PAN Card copy


Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)


Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)


Passport-sized photograph

FOR THE REGISTERED OFFICE



Rent Agreement (Notarised: For rented property)


Sale Deed/Property Deed in English (in case of owned property)


No-objection Certificate from property owner


Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill




Frequently Asked Questions





Do I have Office (commercial) space to start a Company?
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.

Who is the Registrar of Companies(ROC) ?
ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra companies are registered with Mumbai & Pune ROC. In Tamilnadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi there is only one ROC office, like at Bangalore, Hyderabad and so on.

Do I have to physically visit ROC office while setting up Company?
No. Legal Suvidha Providers provides complete online Company Incorporation process. All legal documentation with ROC and visits are done by Legal Suvidha Providers. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

Is Private Limited Incorporation to be renewed every year?
No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.

What is a DIN and why is it required for incorporation?
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs).It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

What is a DSC and why is it required?
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.

How can we select name of Company?
Firstly we just need to find a unique name as prefix and promoters need to provide name of the proposed company along with significance of word. Secondly the name needs to include a word about the company business activity. Finally before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.

What is MOA and AOA of Company?
MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.

Can we change office address of Company after Incorporation?
Yes, company office address can be changed anytime after incorporation.

What is Capital of Company?
Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issue by the company.

Does my business have to have some turnover to start a Private Limited?
This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.

Does PF, Service Tax or VAT is automatically applicable to Private Limited?
There is no automatic applicability. Provident Fund (PF), Service Tax or VAT law applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.

How many Shareholders are required to incorporate a Private Limited Company?
There is a minimum of two shareholders required to start a Private Limited Company and the number can extend maximum from fifty to two hundred beyond which is not permitted.

How many Directors are required in Private Limited Company?
A minimum of two directors are required to establish a private limited company and the maximum amount cannot exceed beyond fifteen.

How much money do I need to start a Private Limited Company?
No minimum Capital is required to start a Private Limited Company.

Can a Salaried person become the director in Private Limited Company?
Yes, a salaried person become the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.

Can an NRI / Foreign National be a director in a Private limited Company?
Yes, an NRI or Foreign National can be a Director in a Private Limited Company after obtaining Director Identification Number. However, atleast, one Director on the Board of Directors must be a Resident of India.

Can LLP(Limited Liability Partnership) be converted to Private Limited Company?
No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. However, if you want to expand your business you can register a Private Limited Company which has simplified the process of registration.

Who can be a director of a Private Limited Company?
The Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even a foreign nationals can be Directors in Indian Private Limited Company.

What is Common Seal?
The Common Seal is the official signature of the company. Any documents on which Common seal is affixed, is deemed to be signed by the company.

Can a Company owns propery in its name?
A Company can own and enjoy property in its own name, neither the members are not owners of the company's property and nor the members have insurable interest in the property of the company.

What are the Statutory Compliance for a Private Limited Company?
A Private Limited Company must appoint an Auditor and get its statutory audit done by a Chartered Accountant at the financial year end and it also required to file Income Tax Return to Income Tax Department. In Addition to that a company also required to file its Annual Filling Forms with Registrar of Companies. Further the Private Limited Company must conduct Board Meeting atleast once in every 3 months and an Annual General Meeting, atleast once in every year and also maintain Minutes of every Board Meetings and General Meetings and Statutory Registers.

Is it necessary to have a company's books audited?
Yes, a private limited company must appoint an auditor, no matter what its revenues. In fact, an auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company in order to avoid the penalties and fines.

How long is the company valid for?
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



Compare your options



Private Limited Company Limited Liability Partnership One Person Company Partnership Firm
Preferred for Start-ups Professional Services Firms Sole Proprietors Small-medium sized businesses
Limited Liabilty Protection Yes Yes Yes No
Minimum Requirement 2 Shareholders 2 Designated Partners 1 Director
1 Nominee
2 Partners
Fund Raising Options High Low Low Low
Tax Advantage Few Most Few Minimal
Statutory Compliances High Low High Minimal
Compliance Cost High Medium Medium Low




START A BUSINESS


Private Limited Company
Limited Liability Partnership
One Person Company
Partnership Registration
Section 8 Company

MANAGE YOUR BUSINESS


GST Transition Filing
Annual Compliances for Pvt Co.
Annual Compliances for LLP's
Increase in Authorised Capital
TDS Return Filing

GOVT & TAX REGISTRATION


GST Registration
Trademark Registration
Copyright Registration
Importer Exporter Code
Digital Signature Registration