Private Limited Company Registration
Private limited company registration can be done online within 10 to 15 working days. Setupfilings is one of the best and trusted online platforms where you can form your company without any hassle.
Private Limited Company Registration Online
Overview
What is Private Limited Company Registration
Private Limited Company Registration Online is highly recommended form of entity to start business in India and held to run small business privately. Private limited company registered under companies Act 2013. Pvt Limited Company Registration Online India can have minimum 2 members and maximum 50 members. This type of entity limits liability of owner liability to their shareholding in company. Directors also have limited liability to their creditors and in case of default Bank or creditors are allowed to sell the property of company for their recovery.
Comparison
| Factors To Be Considered | Private Limited Company | One Person Company | Sole proprietorship | Limited Liability Partnership | Partnership Firm |
|---|---|---|---|---|---|
| Ideal For | Startup and growing Companies | Single promoters | Small Traders and Manufacturers | Professionals | Small business & Home Business |
| Requirements | Directors/Shareholders | 1 Director/Shareholder | 1 Proprietor | 2 Partners | 2 Partners |
| Initial Investment | Not Required | Not Required | Not Required | Not Required | Not Required |
| Tax Advantages | Few benefits | Few benefits | Minimal | Most efficient | Minimal |
| Compliances | High | High | Minimal | Low | Minimal |
| Limited Liability Protection | Yes | Yes | No | Yes | No |
| Time Taken | 10-12 days | 10-12 days | 3 to 4 days | 10-15 days | 5-10 days |
| Charges | Rs. 6999 | Rs. 5999 | Rs. 499 | Rs. 5999 | Rs. 1499 |
In any worst case Bank or creditors are not allowed to touch the personal property of Directors for their recovery of debtors.
Documents Checklist
Limited liability Partnership (LLP) Registration will have to provide the below mentioned Documents.
For registration of One person company (OPC) firm all the partner should provide their documents mentioned in prescribed form. All the Documents should be in clear copy & truly certified by their individual owners.
Documents Required for Private Limited Company Registration.
Pan Card Copy
Aadhar Card Copy
Passport Size Photo
Contact details of partners (Email-ID And Mobile Number)
Driving License / Voting Card / Passport Copy (Any one Documents).
Utility bill Proof (Light bill / Telephone bill / Gas bill / Property tax bill / Bank Statement) (Any one Documents)
Documents: Required for Registered office premises.
Rented
Non-Rented
Utility bill Proof (Light bill / Telephone bill / Gas bill / Property tax bill / Bank Statement) (Any one Documents)
Procedure for Incorporation
- Step 1: Obtain DSC
- Step 2: Apply for the DIN
- Step 3: Application for the name availability
- Step 4: Submission of MoA and AoA to register a private limited company
- Step 5: Apply for the PAN and TAN of the company
- Step 6: ROC issues a certificate of incorporation with a PAN and TAN
Benefits
Benefits of Private Limited Company
There are various benefits for incorporating Private Limited Company Registration some important benefits are mentioned below.
A. Members
here shall be at least being two directors to start private limited company. And there can be maximum 200 members in private limited company.
Having more number of members will help company to grow faster and in easier way. Contribution of funds from members will create company financial stronger and will create good credit stability and goodwill in market and members can also contribute their ideas and resources to grow company.
B. Legal Entity
A Private Limited Company has a separate legal entity then Individual. For management of Assets, Creditors and debtors the company has its own responsibility. Its Means the shareholder of company will not be responsible for losses of company. So the creditors cannot proceed against any shareholder recovery of any money.
C. Limited liability
The liability of each member or shareholder is limited to contribution made by them individually
D. Raising capital
Many entrepreneurs select the private Limited company Registration even though registering a private Limited comes with few annual compliances. It helps to raise funds for expanding business.
E. Continue Existence
Altogether the Pvt Ltd company is an artificial person created by law and has a separate legal entity. An unaffected by death of any person and its existence continues irrespective of change in members.
Packages
Choose your package & proceed to pay
| BASIC | STANDARD | PREMIUM |
|---|---|---|
| 2 DSC Token | 2 DSC Token | 2 DSC Token |
| 2 DIN Number for Director | 2 DIN Number for Director | 2 DIN Number for Director |
| Name Approval for company | Name Approval for company | Name Approval for company |
| Authorized capital of 1 lakh | Authorized capital of 1 lakh | Authorized capital of 5 lakh |
| Incorporation fees | Incorporation fees | Incorporation fees |
| PAN And TAN of Company | PAN And TAN of Company | PAN And TAN of Company |
| PF And ESIC Number | PF And ESIC Number | PF And ESIC Number |
| Bank Account | Bank Account | Bank Account |
| Opening | Opening | Opening |
| Incorporation KIT | Incorporation KIT | Incorporation KIT |
| Goods And Service Tax (GST) | Goods And Service Tax (GST) | |
| Udyam Registration | Udyam Registration | |
| Import Export code(IEC) | ||
| ISO Certification 3 Years Validity | ||
| Rs. 6999 | Rs. 7999 | Rs. 11999 |
Process
Get the process done in 5 Easy Steps
FAQ's
Answer: The prerequisites for the incorporation of a private limited company are that:
The number of members in Pvt Ltd company must be between 2-200.
There must be at least two directors and two shareholders in private limited company.
Each director must have a Directors Identification Number (DIN).
PAN card copy of directors/shareholders and Passport copy for NRI subscribers.
Answer: Yes. A Private Limited Company can be incorporated on residential address.
Answer: MOA stands for Memorandum of understanding defined under.
Answer: After Incorporation of private Limited company, Bank Account has to be open In the name of private Limited company and certain documents are required are mentioned Below
A. Incorporation certificate.
B. MOA and AOA of private limited company.
C. DIN Number of Directors.
D. KYC of Directors.
E. Board resolution from directors for opening a current account.
Answer: Authorized capital is maximum value of issue size of equity share that can be issued by company at or after OPC Company Registration, Paid-up capital is the amount of value of share issued by company to their shareholder.
Answer: Every private limited company has to file Annual Roc form, DPT-3, MGT-7, AOC-4, DIR-3.
Answer: INC-20A is form for commencement of business that every private limited company has to file after company registration for filing INC 20-A, the shareholder of the company has to transfer the funds from their personal account to companies current account in their capital sharing ratio.
Answer: DIN Stands for Director Identification Number which is being allotted by Registrar to directors of company at the time of company registration. An Individual can also apply for Din separately.
Answer: An Chartered accountant is being appointed by the board of directors as auditor within 30 days of company incorporation.
Answer: Form ITR 6 has to be filled every year for companies incorporated in India.
Answer: AOA in Private Limited Company stands for Article of Association. The AOA in Private limited company is defined by law, rules and regulations within the internal constitution of the said company.
Answer: MOA in Private Limited Company stands for Memorandum of Association. The MOA in Private Limited Company shows the mission, vision and objectives of the company.
Answer: A CIN Number is a 21 Digit Unique Number Issued to Private Limited Company By Registrar of companies.
Answer: Yes, we can change our Registered office address after Registration.
Answer: A Certificate of Incorporation issued by the Registrar of company and its valid till lifetime.
