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Private Limited Company

Private Limited Company

  • Overview
  • Document Required / Details of the product
  • Process

Private Limited Company Registration in India

Your dream to start a business in India can’t come to realization if you don’t have a proper business entity to support it. A private limited company is the most prominent form of business entity in India. From veterans to novice, from budding start-ups to established entrepreneurs and from north India to south India, it is considered to be the best business entity.

Private Limited Company Registration Benefits

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: Once you are successful with the process, you will get to enjoy the perks of a private limited company that includes the following:

  1. Easy access to loans: For a business incorporated as a private limited firm, it is easy to acquire loans.
  2. Perpetual existence: Once the company is registered, it will be able to exist even after the owners have died.
  3. Separate legal entity: After you register a private limited company, the company itself becomes a separate legal entity.
  4. Ability to own property: As private limited company formation leads to the company becoming a separate legal entity.
  5. Limited Liability of Shareholders: By registering as a PLC in India, owners can limit their liabilities to their capital contribution commitment. Their personal assets are protected from any major loss or debt in the business, unlike Partnership and Proprietorship firms.

However, acquiring this business entity is no small task, for there are many requirements for private limited companies.

Why Taxcomate for registering your company?

  1. Dedicated Relationship Manager and On-call Support on working days
  2. Expert Team of Qualified CA, CS, and Lawyers
  3. Drafting of MoA & AoA
  4. Company Incorporation Certificate
  5. Quick Turnaround and Economical Pricing

Requirements for private limited company:

  1. Minimum of 2 and Maximum 15 Directors
  2. At least one director should be from India (if having a Foreign Director)
  3. Minimum of 2 and Maximum 200 shareholders.
  4. Unique Name: 2 Unique Name should not match with any existing companies or trademarks in India.
  5. Registered Office: The place where the proposed company should carry the Business. Also, residential property can be a Registered office.

In order to keep up with these requirements, you need the assistance of the business experts. Additionally, the process of private limited company registration in India is something that only experts like CA or CS should handle.

Package is covered For Capital upto 1 Lac for 2 Directors cum Shareholders and Stamp duty charges are imposed by the state in which the registered office is proposed to be located. These charges are covered under the plan for all the states except Punjab & Madhya Pradesh. Our experts will guide you on additional charges if any for Punjab & Madhya Pradesh state.

Frequently Asked Questions

The registration process gets completed when you get a certificate of incorporation(COI) issued by the registrar. The application can processed within 7 working days.

Authorized capital is the maximum amount of capital that a company can raise by issuing shares at present or in the future. Authorized capital can be increased later as well if the company wishes to raise funds through the issue of fresh equity. Stamp duty for company registration is paid on the authorized capital.
Whereas, the Paid-up Capital refers to the actual amount paid by the shareholders for issuing shares. One can incorporate a company in India by any amount of paid-up capital which can be less or equal to the authorized capital.

There is no minimum Paid-up capital requirement to start a Private Limited Company. However, per the Companies Act, a company needs to keep a minimum Authorised Capital of ₹1 Lac divided into 10,000 equity shares with a face value of ₹ 10 each. Each shareholder must subscribe to at least 1 share to introduce a sufficient amount for running the business. The paid-up capital needs to be deposited in the Current Account of the company as Share Capital.

Yes, a Private Company can carry multiple businesses within the same field or of similar nature. It should be mentioned in the company’s MoA and approved by a registrar. Though, companies shall not include Activities that are unrelated. For example, fashion designing and event management are very different business activities, and can’t be categorized as the main business activities for the same company.

Below is the stamp duty payable, depends on the state you incorporate and your authorized share capital up to Rs. 10 Lakh: These are the charges in Karnataka:

  • AoA: Rs.1000
  • Moa: Rs.1000
  • Form 32: Rs.20

Apart from this, notary charges of Rs.340 will apply for two director affidavits and related stamp duty.

Below are the charges applicable for DIN and other government forms:

  • DIN (2 Nos): Rs.1000
  • RUN Form: Rs.1000
  • AoA: Rs.1000 (up to Rs.10 lakh of authorized capital)
  • MoA: Rs.1000

No, your physical presence is not required during the process.

In case, you already have a DSC and DIN, our experts will offer you some concession accordingly on the above package.

You will need to have exactly the same details on all your documents to incorporate your company.

Once the company is registered, it should fulfill the following requirements on priority:

  1. Open a current bank account within 30 days after receiving the PAN card.
  2. Appoint First Statutory Auditor for the company.
  3. Deposit paid-up capital as mentioned in the MoA of the company.
  4. Issue and allot shares to the subscribers.
  5. File INC-20A within 180 days of receipt of COI.

Required Documents for Private Limited Company Registration

In regard to the Private Limited Company registration, the following documents are needed:

  1. Aadhar and PAN Card copy
  2. Passport size Colour Photograph
  3. Any one of the Identity Proof like Driving License, Passport, or Voter ID.
  4. Any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill/ Mobile Bill, or Electricity Bill.
  5. Mobile Number and Email ID
  6. Email ID for Proposed Company
  7. For the Company Address proof Electricity Bill, Telephone Bill, Mobile Bill or Gas Bill AND Rent Agreement (If Rented) AND NOC for doing Business & for taking Registration.
  8. Authorized and Paid-up Capital Amount
  9. Capital Ratio

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Private Limited Company Registration

₹7,999.00

Private Limited Company in just 7 to 10 Days

Never let the businessman see down by giving your small business a shining name with Private Limited Company registration. It is extremely easy to start and run!

Why choose Company registration in INDIA ?

  • Shields from personal liability and protects from other risks and losses.

  • A registered company makes it genuine and increases the authenticity of your business.

  • Procures bank credits and good investment from reliable investors with ease.

  • Offers liability protection to protect your company’s assets

  • Greater capital contribution leading to greater stability of business

  • Increases the potential to grow big and expand the business