Private Limited Company Registration
₹19,999.00
* T & C Apply
Take your business to new heights with the protection and prestige of a Private Limited Company. Our comprehensive registration service ensures a smooth and seamless process, so you can focus on growing your enterprise.
- DSC Certificate – 2 Nos. 2yrs validity
- Director Identification Number – 2 Nos
- Incorporation of Private Limited Company
- PAN & TAN for the Company
- Current Account Opening
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Description
What is a Private Limited Company in India?
A Private Limited Company is a popular business structure in India that offers limited liability to its shareholders and directors. It is a separate legal entity distinct from its owners, which means that the company’s debts and obligations are not the personal responsibility of its shareholders. This structure provides credibility, protection of personal assets, and ease of raising capital.
Types of Private Limited Companies
Company Limited by Shares:
This is the most common form of a private limited company. The liability of its members is limited to the amount unpaid on their shares. In the event of liquidation, shareholders are only liable for the nominal value of their shares.
Company Limited by Guarantee:
Unlike a company limited by shares, this type does not have share capital. Instead, members provide a guarantee, specifying the amount they will contribute in the event of winding up. Such companies are often prevalent in non-profit and charitable organisations.
Unlimited Company:
In this type, there is no limit on the liability of the members. Each member is personally responsible for the company’s debts. While less common due to the increased risk for shareholders, it provides greater flexibility in financial matters.
Documents Required and Process
Documents Required for Private Limited Company Registration
To register a Private Limited Company in India, the following documents are typically required:
- Identity Proof of Directors
- Address Proof of Directors
- PAN Card of Directors
- Passport-sized Photographs of Directors
- Proof of Registered Office Address
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Declaration by the Directors
Checklist
Ensure a smooth registration process by following this checklist:
- Gather all necessary documents and information.
- Choose a unique name for your company and check its availability.
- Draft and finalise the Memorandum and Articles of Association.
- Apply for Director Identification Number (DIN) and Digital Signature Certificates (DSC).
- File the application for company incorporation with the Registrar of Companies (ROC).
- Obtain the Certificate of Incorporation and PAN/TAN for the company.
- Open a current account for business transactions.
Registration Process
Our registration process is designed to be straightforward and hassle-free:
- Consultation: Discuss your business goals and requirements with our experts.
- Document Preparation: Our team assists you in preparing all necessary documents.
- Application Submission: We submit your application for company incorporation and handle all communication with authorities.
- Compliance Assistance: Post-incorporation, we guide you through compliance requirements and formalities to ensure ongoing legal adherence.
Included Services
- DSC Certificate – 2 Nos. 2yrs validity: Provide two Digital Signature Certificates (DSC) with 2 years validity.
- Director Identification Number – 2 Nos.: Obtain two DINs for directors.
- Incorporation of Private Limited Company: Handle all aspects of company incorporation, including drafting MOA and AOA.
- PAN & TAN for the Company: Assist in obtaining Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
- Current Account Opening – ICICI Bank: Facilitate account opening for seamless financial transactions.
FAQs
What is a Private Limited Company (PLC)?
A Private Limited Company (PLC) is a type of business entity that offers limited liability protection to its shareholders and has restrictions on ownership. It is the most popular form of business structure due to its flexibility and credibility.
What are the key features of a Private Limited Company?
Some key features of a Private Limited Company include limited liability protection, separate legal entity status, ease of ownership transfer, perpetual succession, and the ability to raise funds through equity shares and debentures.
What is the minimum and maximum number of members required to form a Private Limited Company?
A Private Limited Company must have a minimum of two members (shareholders) and can have a maximum of 200 members, excluding employees who are also shareholders.
What are the minimum capital requirements for registering a Private Limited Company?
There is no specific minimum capital requirement for registering a Private Limited Company. The capital can be as low as Rs. 1 or higher, as per the business requirements.
What are the documents required for Private Limited Company registration?
The documents required for Private Limited Company registration include identity and address proof of directors and shareholders, Memorandum of Association (MOA) and Articles of Association (AOA), address proof of registered office, and consent of directors.
What is the process of registering a Private Limited Company?
The registration process involves obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors, filing the application for company name approval, drafting and filing the incorporation documents with the Registrar of Companies (ROC), and obtaining the Certificate of Incorporation.
How long does it take to register a Private Limited Company?
The registration process typically takes around 15-20 working days, depending on the timely submission of documents and approvals from regulatory authorities.
What are the post-registration compliance requirements for a Private Limited Company?
Post-registration compliance requirements include obtaining Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company, conducting the first board meeting, issuing share certificates to shareholders, and filing annual returns and financial statements with the ROC.
Can a Private Limited Company be converted into another type of business structure?
Yes, a Private Limited Company can be converted into a Public Limited Company, Limited Liability Partnership (LLP), or any other suitable business structure by following the prescribed conversion procedure as per the Companies Act, 2013.
Can foreign nationals or non-residents be directors or shareholders in a Private Limited Company?
Yes, foreign nationals or non-residents can be directors or shareholders in a Private Limited Company, subject to certain conditions and approvals as per the Foreign Exchange Management Act (FEMA) guidelines.
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