Private Limited Company
A private limited company comes under one of the most highly recommended ways to create a business in India since it secures shareholders with limited liability and precise ownership limits.
Private Limited Company Registration becomes the first choice for any startup since it gives the easiest way to raise funds from investors.
Technically, the private limited company is a company that is privately owned and operated by small and medium enterprises. Business liability is limited to their shareholdings, the number of shareholders is limited to 200, and directors, and shareholders of the company can be the same person or different from each other.
It’s a type of company incorporation that give firms a legal personality independent from its owners, directors and shareholders. As a result, crucial services such as the capacity to contract in its name and the protection of the owner’s personal assets from company obligations are provided.
Registering a company is easy through Filings India’s professionals.
You need to arrange at least two or more people who are eligible to act as directors and shareholders in the company.
Registering a Company is agile, easy, and can be done online with 3 simple steps:
Step 1: Consult our advisors who will guide you through document requirements for company incorporation.
Step 2: We assist you to choose the right company name based on availability.
Step 3: We prepare and file the ROC forms (DIR, MOA, AOA, COB, etc) and register your company under the Ministry of Corporate Affairs (MCA).
Online company registration allows many benefits. The legitimacy of your business firm is enhanced by having a registered company. It helps your business in the following ways:
1. Company listing under MCA records
2. Provides protection from personal liability as well as security against other losses & risks
3. Low tax rates as compared to sole proprietorship firm
4. Directors and Shareholders can be separated
5. Attracts more customers
6. Easily obtains bank loans and good investments from trustworthy investors
7. Provides liability insurance to safeguard your company’s assets.
8. Greater capital contribution diversity and stability
9. Enhances the ability to become large and expand
We must ensure that the qualifying requirements are met, as outlined by the Companies Act of 2013 before proceeding with private limited company registration.
Minimum Two Directors
A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
If you don’t have 2 directors then no worry, you can apply for one person company registration.
Unique Company Name
Your company’s name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks
Minimum Capital Contribution:
A business does not require any minimum capital. Even you can incorporate a company by Rs.1/- paid up capital. However, a company must be registered with minimum authorized capital of Rs. 1 Lakh.
Registered Office
The Proposed Company must have an address at any location within the State where you want to do private limited company registration.
The registered office of a company does not have to be a commercial location. Even a rented house might serve as the registered office if the landlord provides a letter of authorization.
1. There are several reasons to register your business as a private limited company:
2. Banks, venture capitalists, and investors prefer it.
3. Shares are easy to assign and redistribute to other directors/people who have put money into the company.
4. Combines the flexibility of a partnership with the benefits of a public limited company.
5. The company has the least risk of getting dissolved.
1. There are several reasons to register your business as a private limited company:
2. Banks, venture capitalists, and investors prefer it.
3. Shares are easy to assign and redistribute to other directors/people who have put money into the company.
4. Combines the flexibility of a partnership with the benefits of a public limited company.
5. The company has the least risk of getting dissolved.
DAY 1
1. Review of the papers and information submitted
2. Request for a Digital Signature Certificate
DAY 2 -3
1. Checking availability for company name
2. Draft Business Objectives
3. Preparing draft for documents like MoA, AoA, DIR & others
4. Share with you for approval.
DAY 4 – 5
1. File SPICe form for Company Name reservation
2. File for Company registration forms
3. Apply for Director DIN
4. Apply for PAN & TAN of company
DAY 6 – 10
1. Wait for application processing at Government [MCA] level
2. Deliver you Certificate of Incorporation and other documents
3. Help you in opening Current bank account
We have a leading team of professionals who are capable of delivering a quick Online Company Registration Service in India without any hassles and error free.
Since 2014, Our professionals are doing frequent online company registration on a daily basis and keep them up to date with MCA’s new changes in registration procedure. Hence, able to provide you with the best of the MCA functionality.
We will provide you all required documents at the end of delivery of the Private Limited Company Registration services which includes:
1. Directors DIN and DSC in Pendrive
2. Company’s MoA & AoA
3. Challan for Registration fees and stamp duty paid at Govt. Office
4. Certificate of Incorporation
5. Company’s PAN and TAN
It’s not yet over! After this, We will help you to open a current bank account with ICICI Bank and get you free from bank representatives demanding repetitive documents.
And Set you free to launch your dream business.
Type of Company Registration
Comparison | Private Limited Company | One Person Company | Limited Liability partnership |
---|---|---|---|
Regulate by Act | Companies Act 2013 | Companies Act 2013 | Limited Liability Act, 2008 |
Equity Funding | Easily Possible | Not Possible | Possible, but unlikely |
Taxation | 26% | 26% | 31.2% |
Number of Shareholders | Minimum 2 Maximum 200 | Only one | Minimum 2 Maximum – Unlimited |
Separate Legal Entity | Yes | Yes | Yes |
Limited Liability | Yes | Yes | Yes |
Statutory Audit | Mandatory | Mandatory | If turnover exceed Rs.40 Lakhs |
Statutory Compliances | Moderate | Moderate | Less |
Foreign Participation / Investment | Allowed | Not Allowed | Allowed |
Recommended for | Startups | Sole Proprietor | Professionals |