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.

 

Overview

What is Private Limited Company Registration

Registering a private limited company 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. Private limited 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 ConsideredPrivate Limited CompanyOne Person CompanySole proprietorshipLimited Liability PartnershipPartnership Firm
Ideal ForStartup and growing CompaniesSingle promotersSmall Traders and ManufacturersProfessionalsSmall business & Home Business
Requirements Directors/Shareholders1 Director/Shareholder1 Proprietor2 Partners2 Partners
Initial InvestmentNot RequiredNot RequiredNot RequiredNot RequiredNot Required
Tax AdvantagesFew benefitsFew benefitsMinimalMost efficientMinimal
CompliancesHighHighMinimalLowMinimal
Limited Liability ProtectionYesYesNoYesNo
Time Taken10-12 days10-12 days3 to 4 days10-15 days5-10 days
ChargesRs. 6999Rs. 5999Rs. 499Rs. 5999Rs. 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

  • Rent Agreement.
  • Light bill of premises.
  • NOC from Owner

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

BASICSTANDARDPREMIUMLimited liability partnership
None
1 DSC 2 Years validity 1 DSC 2 Years validity 1 DSC 2 Years validity Annual return filling and Statement of Account & Solvency.
2 DIN Number for Director2 DIN Number for Director2 DIN Number for DirectorOnly if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs
Name Approval for companyName Approval for companyName Approval for companyMyOnlineCA.in charges- Rs. 3000
Legal Charges- Rs. 7000
Capital Contribution 50 KCapital Contribution 50 K Capital Contribution 50 KCannot be converted into a company
Incorporation feesIncorporation feesIncorporation feesObtain DSC (Digital Signature Certificate) Obtain DPIN (Designated Partner Identification Number) Name Approval Filing for Incorporation File LLP Agreement
PAN And TAN of CompanyPAN And TAN of CompanyPAN And TAN of Company10-15 days
Incorporation KITIncorporation KITIncorporation KITNot apply
Goods And Service Tax (GST)Goods And Service Tax (GST)
Udyam RegistrationUdyam Registration
Import Export code (IEC)
ISO Certification 3 Years Validity
Rs. 5999Rs. 8499Rs. 9999

Process

Get the process done in 5 Easy Steps

1. Choose the package and fill the form.

2. Make Payment

3. Our Executive will get in touch with you and verify the details.

4. Filing the Application to concern department

5. Congratulations your Work is complete

FAQ's

1. What are the prerequisites to incorporate a Private Limited Company?

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.

2. Can the private company be incorporated with a residential address?

Answer: Yes. A Private Limited Company can be incorporated on residential address.

3. What are MOA and AOA?

Answer: MOA stands for Memorandum of understanding defined under.

4. What documents are required to open a current account for private limited company?

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.

5. What is authorized capital and paid-up capital in OPC Company?

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.

6. What are ROC annual compliances for private limited companies?

Answer: Every private limited company has to file Annual Roc form, DPT-3, MGT-7, AOC-4, DIR-3.

7. What is INC-20A?

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.

8. What is DIN?

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.

9. When is the statutory auditor appointed in a private limited company?

Answer: An Chartered accountant is being appointed by the board of directors as auditor within 30 days of company incorporation.

10. Can OPC Company Raise Funds?10. Which ITR form is to be filled for private limited company registration?

Answer: Form ITR 6 has to be filled every year for companies incorporated in India.

11. What is AOA?

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.

12. What is MOA?

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.

13. What is a CIN Number in a Private Limited Company?

Answer: A CIN Number is a 21 Digit Unique Number Issued to Private Limited Company By Registrar of companies.

14. Can we Change our registered office after Private Limited Company Registration?

Answer: Yes, we can change our Registered office address after Registration.

15. What is Validity of Certificate of Incorporation?

Answer: A Certificate of Incorporation issued by the Registrar of company and its valid till lifetime.

Still have questions? Ask an expert for help

Call us at+91-7738877316

Email us support@setupfilings.com

Call us at+91-7738877316

Email us support@setupfilings.com