WHAT IS A PRIVATE LIMITED COMPANY


Private Limited Company is the most popular legal structure option for businesses in India. Private Limited Company can have a minimum of two members and a maximum of 200 members. The liability of the members of a Private Limited Company is limited. 

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 encourage pulling in top talent. It has possibility to grow big and expand. 

WHAT INCLUDES OUR PRIVATE LIMITED COMPANY REGISTRATION PACKAGE


  Digital Signature Certificates (DSCs) for 2 Directors

   Directors Identification Number (DINs)  for 2 Directors   

   Certificate of Incorporation (Company Registration Certificate)                                                                       

  Memorandum of Association and Articles of Association 

  Company Registration Kit & Client Login                                                                                  

  PAN Card & TAN

   Required documents for Bank Account Opening  

  Share Certificates

PROCEDURE FOR PRIVATE LIMITED COMPANY REGISTRATION1


STEP-1Untitled

Obtain DSC & DINs for Proposed Partners: (Usually 2-3 working days)

Obtain Digital Signature for all the proposed directors and subscribers – A Private Limited Company must have at least 2 Directors, all the proposed directors must have Digital Signatures and Obtain Director Identification Numbers (DIN) to register a Private Limited Company.

Note: Obtaining of DSC is not mandatory if any of the proposed directors are already having DIN and DSC. 

STEP-2Untitled

Selection & Approval of Proposed Name : (Usually 2-3 working days)

We have to choose Unique Names which are not identical or similar to any other companies or registered Trade Marks. We request you to furnish at least 3 different and unique names. Based on the names given, we will file application (RUN Form) for name approval. Usually it takes 2-3 working days for name approval.  

 

STEP-3Untitled

Preparation of Incorporation  Docs, Forms & Submission :

Based on the name approved, we prepare incorporation docs and forms, such as MOA, AOA, Forms, Declarations and Affidavits & others and will be sent to you for signatures.

You have to sign the required documents and send us for filing the forms for Registration.

Based on signed documents received from you, we will prepare incorporation forms and file with the Department for approval of Company Registration, PAN and TAN.

 

STEP-4Untitled

Obtain Certificate of Incorporation :

Based on the forms we submit along with Information & Documents, the department will scrutinize the forms along with attachments and approve if it is in order. If any additional information is required by department, we have to resubmit the documents and information as required by department.

Up on Approval, We receive, Certificate of Incorporation along with PAN & TAN.

 

 

DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY REGISTRATION


 To be submitted for Company:

hand_1   The names of the proposed company (suggest you to give Minimum 3 alternative names required) 

hand_1    Main business activities of the proposed company

hand_1    Address of the company to be registered (with detailed Door No) Please note same address will come on Certificate of Incorporation and PAN Card will be couriered              to the same address

hand_1    Municipal Tax Receipt and Power bill (Recent) both are required and address must be clearly visible



To be submitted by Directors & Promoters:

 hand_1   Scanned copy of PAN Card (for Indian) or Passport (for Foreigner)

 hand_1   Scanned copy of Aadhar Card/ Voter ID/ Driving License/ Passport

 hand_1   Scanned copy of latest Bank Statement or Telephone Bill/ Electricity or Gas Bill

 hand_1   Scanned Passport Size Photos

ADVANTAGES OF PRIVATE LIMITED COMPANY


 Preferred by banks , VC’s & Investors

  • Easy to allocate and redistribute shares to investors or other directors

  • Separate legal entity which limits liability of Share Holders / Investors

  • East to register, manage & run

  • Easy to dissolve or wind-up

Private Limited Company

Rs. 12,999 all-inclusive


Frequently Asked Questions (FAQ's)?

Private Limited Company is a type of business entity registered under provisions of Indian companies act. For registration of a private limited company, there must be minimum of 2 Directors and 2 share holders. The liability of the share holders (owners) in private limited company is limited to the shares subscribed by them. The maximum no of share holders, a private limited company can have is 200.

DIN (Director Identification Number) is an Unique Identification Number alloted to any person to act as a director of any Company registered under indian companies act. With out DIN, one can not become director of any company. PAN is mandatory for applying DIN.

Digital Signature is an Electronic Signature (a digital code, generated and authenticated by public key encryption) which is used to authentic the documents electronically, to verify its contents and the identity of the person authenticating the documents.

Two Persons are required to register a Private Limited Company. The same two persons can be the shareholder cum director of the proposed company.

For registering a Private Limited Company, it generally takes 10 working days, depends on queries raised by the department (ROC) at the time of registration. Hence we suggest to chose unique name (which is not similar to any existing company or Trade Mark) to register the company at the earliest

There is no minimum capital required for registration of a company and minimum number of directors to register a Private Limited Company is 2. We suggest to register company with minimum capital of Rs.1,00,000/- as there will be pre-incorporation and pre-operative expenses to be met.

There are no specific education qualifications required to become as a director of Private Limited Company. 

Yes. Registered office address is mandatory for registration of a Private Limited Company. At the time of registration, we have to submit any utility bill like electricity or water bill and proof of ownership / rental agreement in support of proposed registered office address.

Yes. You can register a Private Limited Company, even if you are residing out of India. But your id, address proofs and incorporation docs must be attested by the notary of the foreign country or apostle by Indian Embassy in the country where you reside at the time of registration.

Yes, a Foreign Citizen / Company can register a company in INDIA. But there must be at least one director who is resident in India.

Yes, there is limit on maximum number of Share Holders & Directors. The Maximum number of share holders, a Private Limited Company can have is 200 and maximum number of directors a Private Limited Company can have is 15. 

A  Private Limited Company may require to have registrations like GST  Registration, Professional Tax Registration, Shops & Establishment Registration, ESI & PF Registrations depends on the nature of the activity of the company. They also get ISO Certifications and Brand or Trade Mark Registration as per their requirements.