Private Limited Company Registration in India
@Just Rs. 9,999 (All incl.)
You will be getting from FindTax:
- Director Identification Numbers for all the Directors (DINs)
- Digital Signature Certificates for all the persons (DSCs) (2 years Validity)
- Articles of Association (AOA)
- Memorandum of Association (MOA)
- Company Incorporation Certificate
- Company Pan & Tan
- ESI Registration
- PF Registration
- Incorporation Zip File with all data.
All Inclusive Fee also includes charges for:
- Name Reservation Fee (1 time)
- Government fee
- Our Professional fee
- All Documentation Charges
- Applicable Taxes
All the above process will be completed in 10 to 15 days.
Free Consulation
Private Limited Company Registration in India
Check out the following list of advantages and disadvantages of Private Limited Companies before diving in:
Advantages of a Private Limited Company
Easy to get Funded
Private Limited Companies can raise capital by issuing shares to a small group of private investors, venture capitalists, angel investors etc., allowing for expansion and investment.
Separate Legal Entity
A Private Limited Company is a separate legal entity, capable of owning assets in the name of company, entering contracts, and being sued or suing in its own name and liabilities separate from those of its owners.
Lower Tax Rates
In comparison to other business entities such as Partnerships and Proprietorships, Private Limited Companies typically enjoy relatively lower tax rates. Reputation: For a private limited company, there will be more credibility in society and also even employees will be more willing to join.
Limited Liability
Shareholders' liability is limited to the amount unpaid on their shares. This means that if the company faces financial difficulties, creditors and other parties can only go after the company's assets, and not the personal assets of the shareholders.
Perpetual Existence
The company continues to exist despite changes in ownership or the death of shareholders, ensures that the company's operations and contracts are not affected. This stability and continuity enable the companies to maintain its business operations and contractual agreements seamlessly over time.
More Compliances
Private Limited Companies must adhere to the regulatory requirements, including regular filings, board meetings, and audits. Additionally, anyone can access the filed company financials by paying a nominal fee to MCA.
Expensive
Setting up and maintaining a private limited company is more costly compared to simpler business structures like sole proprietorship or partnership.
Limitations on Share Transfer
Shares in a private limited company cannot be freely traded on the stock exchange, can be transferred subject to specific restrictions.
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FAQs
What is a Private Limited Company?
A Private Limited Company is a type of business structure in India that offers limited liability to its shareholders and restricts the transfer of shares. It is a separate legal entity from its owners.
What are the advantages of registering a Private Limited Company?
- Limited liability protection for shareholders
- Separate legal entity status
- Ability to raise capital through equity
- Perpetual succession
- Enhanced credibility and trust
What are the requirements to register a Private Limited Company in India?
- Minimum of 2 and a maximum of 200 shareholders
- Minimum of 2 directors (at least one must be a resident of India)
- Registered office address in India
- DIN (Director Identification Number) for all directors
- DSC (Digital Signature Certificate) for one of the directors
What documents are required for Private Limited Company registration?
- PAN card and Aadhaar card of all directors and shareholders
- Address proof of all directors and shareholders (passport, voter ID, driving license, etc.)
- Passport-sized photographs of directors and shareholders
- Proof of registered office address (rental agreement, utility bill, etc.)
- No objection certificate (NOC) from the owner of the registered office
How long does it take to register a Private Limited Company?
The registration process usually takes between 10 to 15 working days, depending on the timely submission of documents and government processing time.
What is the cost of registering a Private Limited Company in India?
The cost varies based on professional fees, government fees, and other charges. It typically ranges from INR 6,000 to INR 30,000.
Can a foreign national or an NRI register a Private Limited Company in India?
Yes, a foreign national or an NRI can be a director and shareholder in a Private Limited Company in India, provided they meet the necessary requirements and compliance.
What is the minimum capital required to start a Private Limited Company?
There is no minimum capital requirement to start a Private Limited Company in India. However, authorized capital is usually INR 1 lakh.
Can a foreign national or an NRI register a Private Limited Company in India?
Yes, a foreign national or an NRI can be a director and shareholder in a Private Limited Company in India, provided they meet the necessary requirements and compliance.
Can a Private Limited Company be converted to another business structure?
Yes, a Private Limited Company can be converted to other business structures such as a Public Limited Company, LLP, or OPC, subject to compliance with the Companies Act, 2013, and other relevant regulations.
What is the minimum capital required to start a Private Limited Company?
There is no minimum capital requirement to start a Private Limited Company in India. However, authorized capital is usually INR 1 lakh.
Is it mandatory to hire a professional for Private Limited Company registration?
While it is not mandatory, it is advisable to hire a professional (chartered accountant, company secretary, or lawyer) to ensure compliance with all legal and regulatory requirements during the registration process.
What are the annual compliance requirements for a Private Limited Company?
- Filing of annual returns with the Registrar of Companies (RoC)
- Conducting and recording annual general meetings (AGMs)
- Maintaining proper books of accounts
- Filing income tax returns and other statutory filings