You are here: / Private Limited Company Registration

 A private limited company registration is a company that is privately held for small businesses.

Chat on WhatsApp Watch Now

For Consultation

 
   
OverviewDocuments RequiredRegistration ProcessWhy UsAdvantages

About Private Limited Company Registration

 In private limited company registration, Private limited companies can have a maximum of 200 members (except for Person Companies). This number does not include present and former employees who are also members. Moreover, more than two persons who own shares jointly are treated as a single member.

After the amendment in 2005 in the Companies Act the requirement of minimum paid-up capital has been removed. Private companies can now have a minimum paid-up capital of any amount.

Types of Private Limited Company

Limited by shares: The liability of the members is limited to the amount unpaid to the company concerning the shares held by them.

Limited by guarantee: Here the members’ liabilities are limited to the amount of money they guarantee to pay in case the company is wound-up.

Unlimited liability: The liability of members is unlimited in this type of private company. Personal assets of members can be attached and sold when the company is being wound-up.

Checklist for Private limited company Registration:

  1. At least 2 shareholders- Maximum 200
  2. At least 2 Directors – Maximum of 15
  3. At least 1 director should be a resident of India
  4. Directors and shareholders can be the same person.
  5. An address that acts as a registered address of the company

For Director/Shareholders
Self-attested Pan card
Self-attested Voter id or Driving license or Passport
Self-attested Bank statement or electricity/telephone/mobile bill
Recent passport-size photo

For the Registered address of the company
If the premise is rented/leased
Copy of the Electricity bill of the owner
Rent or lease agreement
NOC from the owner of the property

Process for Private limited company registration

  • Name Reservation
  • Procurement of Digital signatures
  • Preparation of Incorporation documents
  • Drafting of MOA/AOA
  • Filling of Incorporation documents with MCA
  • Filling of Registered office
  • Filing of commencement of Business after Incorporation
  • Issue of Share certificate to shareholders

What will you get from us for  private  limited company registration                                                                         

  • Two Class 3 Digital Signatures
  • 2 Director Identification Numbers
  • Company Name Approval
  • MOA/AOA
  • Certificate of Incorporation
  • Company PAN & TAN
  • Company PF/ESI number
  • Company Shop and Establishment Registration
  • Incorporation Kit
  • Hard-copy Share Certificates
  • Commencement of Business Certificate
  • Bank Account opening document
  • Document Formats
  • First auditor appointment

An additional benefit for Private limited company registration

  1. Bank Account Opening
  2. Free Domain
  3. Free Website up to 5 pages
  4. Listing on Social media platforms
  5. Listing on Google My Business for nearby business
  6. Razor pay/Payu money payment gateway for online payment

Top 10 Advantages to Register as a Private Limited Company registration in India

  • No minimum capital required: There was a minimum paid-up share capital requirement of Rs. 1 lakh previously, but that is omitted now.
  • Minimum 2 and maximum 200 members: A private company can have a minimum of just two members (but just one is enough if it is a Person Company), and a maximum of up to 200 members.
  • Transferability of shares restricted: Private companies cannot freely transfer their shares to the public like public companies.
  • Attract Funding: Funds can be borrowed to a great extent by issuing debentures. More likely, Company raises funds from shareholders as well. Banking and Financial Organizations are more likely to assist a Private Limited Company rather than other forms of business.
  • Limit the Risk to Personal Assets: Members are not accountable for the debts of the company. The shareholders are only liable/responsible for their share of the money which they’ve invested in the company. Shareholders’ liability is limited to their unpaid amount of shares only.
  • Tax Advantages: Private Limited Companies enjoy tax advantages added on to the limited liability wherein the companies pay corporation tax on their taxable profit and tend to get excused from higher personal income tax rates. Instead of being a sole trader forming a company leads to an increase in tax deductions and allowances redeemable against profits.
  • Dual Relationship: This means in a Private Limited Company it is possible to make an effective contract with any of its members. A person can be at the same time a shareholder, creditor, director, and also employee of the company. It is flexible regarding the members of the company the Registrar grants a certificate of incorporation to them.
  • Owning the Company: Since the company is a juristic person it is the only owner and no one can demand ownership of the company. The shareholders can’t make any claim upon the property of the company, the Company itself is the true owner. Although, At the time of dissolution after paying every debt, Shareholders can claim their amount from the property of the company.
  • Distinct Legal Entity: The Private Limited Company Members and Promoters are separate from the company. Who is not bound by any act of the company? Hence the distinct legal entity that benefits the members
  • The Scope of Expansion: There is a higher scope of expansion because it is easy to raise capital from financial institutes. And a Private Limited Company can be converted into other forms of business as well, it can be converted into a Public Limited Company, Nidhi Company, etc.

About Private Limited Company Registration

 In private limited company registration, a Private limited company can have a maximum of 200 members (except for Person Companies). This number does not include present and former employees who are also members. Moreover, more than two persons who own shares jointly are treated as a single member.

After the amendment in 2005 in the Companies Act the requirement of minimum paid-up capital has been removed. Private companies can now have a minimum paid-up capital of any amount.

Types of Private Limited Company

  • Limited by shares: The liability of the members is limited to the amount unpaid to the company concerning the shares held by them.
  • Limited by guarantee: Here the members’ liabilities are limited to the amount of money they guarantee to pay in case the company is wound-up.
  • Unlimited liability: The liability of members is unlimited in this type of private company. Personal assets of members can be attached and sold when the company is being wound-up.

Checklist for Private limited company Registration:

  1. At least 2 shareholders- Maximum 200
  2. At least 2 Directors – Maximum of 15
  3. At least 1 director should be a resident of India
  4. Directors and shareholders can be the same person.
  5. An address that acts as a registered address of the company

Documents Required for private limited Company Registration

For Director/Shareholders
1 Self-attested Pan card
2 Self-attested Voter id or Driving license or Passport
3 Self-attested Bank statement or electricity/telephone/mobile bill
4 Recent passport-size photo

For the Registered address of the company

If the premise is rented/leased
1 Copy of the Electricity bill of the owner
2 Rent or lease agreement
3 NOC from the owner of the property

Process for  private limited company registration

  • Name Reservation
  • Procurement of Digital signatures
  • Preparation of Incorporation documents
  • Drafting of MOA/AOA
  • Filling of Incorporation documents with MCA
  • Filling of Registered office
  • Filing of commencement of Business after Incorporation
  • Issue of Share certificate to shareholders

What will you get from Us for  private limited company registration                                                                                               

  • Two Class 3 Digital Signatures
  • 2 Director Identification Numbers
  • Company Name Approval
  • MOA/AOA
  • Certificate of Incorporation
  • Company PAN & TAN
  • Company PF/ESI number
  • Company Shop and Establishment Registration
  • Incorporation Kit
  • Hard-copy Share Certificates
  • Commencement of Business Certificate
  • Bank Account opening document
  • Document Formats
  • First auditor appointment

An additional benefit for private limited company registration

  1. Bank Account Opening
  2. Free Domain
  3. Free Website up to 5 pages
  4. Listing on Social media platforms
  5. Listing on Google My Business for nearby business
  6. Razor pay/Payu money payment gateway for online payment

Top 10 Advantages to Register as a Private Limited Company registration in India

  • No minimum capital required: There was a minimum paid-up share capital requirement of Rs. 1 lakh previously, but that is omitted now.
  • Minimum 2 and maximum 200 members: A private company can have a minimum of just two members (but just one is enough if it is a Person Company), and a maximum of up to 200 members.
  • Transferability of shares restricted: Private companies cannot freely transfer their shares to the public like public companies.
  • Attract Funding: Funds can be borrowed to a great extent by issuing debentures. More likely, Company raises funds from shareholders as well. Banking and Financial Organizations are more likely to assist a Private Limited Company rather than other forms of business.
  • Limit the Risk to Personal Assets: Members are not accountable for the debts of the company. The shareholders are only liable/responsible for their share of the money which they’ve invested in the company. Shareholders’ liability is limited to their unpaid amount of shares only.
  • Tax Advantages: Private Limited Companies enjoy tax advantages added on to the limited liability wherein the companies pay corporation tax on their taxable profit and tend to get excused from higher personal income tax rates. Instead of being a sole trader forming a company leads to an increase in tax deductions and allowances redeemable against profits.
  • Dual Relationship: This means in a Private Limited Company it is possible to make an effective contract with any of its members. A person can be at the same time a shareholder, creditor, director, and also employee of the company. It is flexible regarding the members of the company the Registrar grants a certificate of incorporation to them.
  • Owning the Company: Since the company is a juristic person it is the only owner and no one can demand ownership of the company. The shareholders can’t make any claim upon the property of the company, the Company itself is the true owner. Although, At the time of dissolution after paying every debt, Shareholders can claim their amount from the property of the company.
  • Distinct Legal Entity: The Private Limited Company Members and Promoters are separate from the company. Who is not bound by any act of the company? Hence the distinct legal entity that benefits the members
  • The Scope of Expansion: There is a higher scope of expansion because it is easy to raise capital from financial institutes. And a Private Limited Company can be converted into other forms of business as well, it can be converted into a Public Limited Company, Nidhi Company, etc.

For Consultation

 
   

Talk to an Expert

private limited company registration
Call Now Chat With Us

Get Started

Submit your Enquiry

Get free expert consultation

Submit required documents and fees

Get your work done

Consult Now

Blog

gst process

GST over service tax system in Uttam Nagar.

0 Comments
/
GST over service tax system in Uttam Nagar. The Goods and Services…
Read more
gst

GST Registration services in Uttam Nagar

0 Comments
/
GST registration is an important step for businesses in India as it helps...
Read more

Client Reviews

I’ve been using Cma Registration Guru  site for the past few years and I absolutely love it. It’s easy to use, comprehensive, and always up-to-date. The customer service is also top-notch – they are always available to help out with any questions or issues that I have. It’s also very reasonably priced compared to other tax sites, making it a great value for money. Highly recommend!

expert

I’ve been using Cma Registration Guru  site for the past few years and I absolutely love it. It’s easy to use, comprehensive, and always up-to-date. The customer service is also top-notch – they are always available to help out with any questions or issues that I have. It’s also very reasonably priced compared to other tax sites, making it a great value for money. Highly recommend!

expert

I’ve been using Cma Registration Guru  site for the past few years and I absolutely love it. It’s easy to use, comprehensive, and always up-to-date. The customer service is also top-notch – they are always available to help out with any questions or issues that I have. It’s also very reasonably priced compared to other tax sites, making it a great value for money. Highly recommend!

industry - Registration Guru Registration Guru

Transform your Business. Subscribe to our Newsletter.

FAQ’s

The choice of entity depends on the circumstance of each case. Private Limited Company has a lesser number of compliance requirements. Therefore, generally where there is no requirement of raising of finances through a public issue and the ownership is intended to be closely held by a limited number of persons, a Private Limited Company is the best choice.

The minimum paid-up capital at the time of incorporation of a limited company has to be Indian Rupees 1,00,000. There is no upper limit on having the authorized capital and the paid-up capital. It can be increased at any time, by payment of additional stamp duty and registration fee.

The authorized capital is the capital limit authorized by the Registrar of Companies up to which the shares can be issued to the members/public, as the case may be. The paid-up share capital is the paid portion of the capital subscribed by the shareholders.

MOA is like a Charter of a Company. Promoter(s) or its/their Authorized Signatory(s) are required to sign MOA in the presence of one or more witnesses stating their full name, father’s name, residential address, occupation, number of shares subscribed for, etc

CAOA are bye laws of a company incorporated in India. Promoter(s) or its/their Authorized Signatory(s) are required to sign AOA in the presence of one or more witnesses stating their full name, father’s name, residential address, occupation, etc

After filling the above-mentioned incorporation documents online, the concerned Registrar of Companies (“ROC”) examines all documents. In case the documents are found in order, the concerned ROC issues a Certificate of Incorporation (“COI”)

On receipt of the certificate of incorporation, a private limited company can start a business right away. However, certain local permits are required in most cases.

Yes, a foreign company can incorporate a company or corporation or subsidiary in India. You can give Power of Attorney to an attorney to sign the documents on your behalf. After the Company is incorporated, you can appoint Alternate Directors, to function on your behalf while you are not in India. But at least one director should a resident of India.

Most local businesses are run as sole proprietorships, from your grocery store to a fast food vendor, and even small traders and manufacturers. This is not to say that larger businesses do not operate as sole proprietors. Even some jewellery shops are sole proprietors, but this is not recommended.

You can give Power of Attorney to an attorney to sign the documents on your behalf. After the Company is incorporated, you can appoint Alternate Directors, to function on your behalf while you are not in India. But at least one director should a resident of India.

START A BUSINESS
  • Proprietorship
  • Partnership
  • OPC(One Person Company)
  • LLP(Limited Liability Partnership)
  • Private Limited Company
  • Limited Company
  • Nidhi Company
  • Section 8 Company
  • Foreign Company
  • Trust/Society
TRADEMARK & COPYRIGHT
  • Sales Tax (TIN)
  • Service Tax
  • Excise
  • PF/ESI
  • SSI/MSME
  • NSIC
  • PAN
  • TAN
  • Shop & Establishment
  • Import/Export Code(IEC)
  • Bis/Hall Marking
LICENSES
  • Fssai(Food License)
  • Durg Licence
  • Trade License
  • EPCG License
CERTIFICATION
  • ISO Certification
  • CE Marking
  • CAS-4 Certificate
  • Net Worth Certification