Private Limited Company Registration

Get your Private Limited Company Registration

in just 14 days at Rs.14,999/- only.

2 DIN and DSC for two Directors

Drafting of MoA & AoA

Registration fees and stamp duty

Company Incorporation Certificate

Company PAN and TAN

ZohoBooks-Tally-offers-at-reasonable rates

Benefits of Private Limited Company Registration 

Limited Liability Protection to Directors personal assets 

Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe. 

Better image and credibility in Market

Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer

to deal with Private Limited Company instead of proprietorship or normal partnerships. Private limited.

Easy to raise fund,capital and loans 

Private limited company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs. This wide ranges of options make it more profitable to run a private limited company .

Favorite Business structure for Investors 

Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company. Morover decision making authoriity is with limited people which reasults into less flutuactions.. 

Easy to attract Employees and workers 

For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well as motivate them with corporate designations and stock options. More offerings make it more attractive 

Quite easy to sell and deal with 

Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Private limited company . Therefore desolution of a private limited company is easier and cheaper as compared to other forms of company in the field . And so it is easy to deal with. 

What to keep in mind while Registering a

Private Limited Company Registration?

As defined by the Companies Act 2013, we must guarantee
that the checklist requirements are met.

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.

Unique Name

The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.

Minimum Capital Contribution

There is no minimum capital amount for a company. A company should have an authorized capital of at least ₹1 lakh.

Registered Office

The registered office of a company does not have to be commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

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FAQs

What are the rules for picking a name for a private limited company? 

The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available. 

How much time is needed for setting up a private limited company in India? 

If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar. 

Do I need to be physically present during this process? 

No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms. 

What documents are required to complete the process? 

All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the owner of the registered office premises. 

Does a private limited company have continuous existence? 

Yes, so long as the annual compliances are met, the private limited company will continue to exist. If you do not comply with the requirements, it will go dormant, until it is struck off the register altogether. 

Is it necessary to have a company’s books audited? 

Yes, a private limited company must hire an auditor, no matter what its revenues. In fact, an auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company, given that penalties for non-compliance can run into lakhs of rupees and even lead to the blacklisting of directors. 

What are articles of association and memorandum of association? 

These documents contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors. 

Are two directors necessary for a private limited company registration? 

Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a one person company, if you are the sole owner of the company. 

What is the minimum capital needed to form a private limited company? 

There is no minimum capital required for starting a private limited company. 

Can the director of a private limited company be a salaried person? 

Yes, a salaried person can become the director in a private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company. 

Can a limited liability partnership (LLP) be converted to a private limited company? 

No, one cannot convert an LLP into a private limited company as it is not a MCA. The LLP Act, 2008 and the Companies Act, 2013, both don’t have any provisions on conversion of the LLP in a private limited company. However, if one wants to expand their business they can register a new private limited company with the same name. The LLP company needs to just issue a no objection certificate. 

Can one register a private limited company on their home address? 

Yes, the company can be registered at the owner's home address. A copy of the utility bill is required to be submitted. 

If there are no partners available, then can one register their family members in the company? 

Yes, it is good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors. 

Does one have to be present in person for the incorporation of a private limited company? 

The entire procedure is done online and one does not have to be present at our office or any other place for the incorporation. A scanned copy of the documents has to be sent via mail. They get the company incorporation certificate from the MCA via courier at the business address. 

Can NRIs/foreign nationals become directors in a private limited company? 

Yes, a NRI or a foreign national can become a director of a private limited company. He or she must obtain a DIN from the Indian RoC. They can also hold a controlling stake in the company. As long as at least one director on the board of directors is an Indian resident.

Do I have to have office (commercial) space to start a Company?

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office. 

 Is Private Limited Incorporation to be renewed every year?

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office. 

What is a DIN?

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs)

It is similar to a PAN Card number. DIN is to be mentioned in documents while appointing a person as a director of a company. 

What is a DSC?

A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents. 

What is capital of the Company?

Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issue by the company. 

Do we have to deposit Share Capital in a Bank at the time of Incorporation?

No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account. 

Does my business have to have some level of turnover to start Private Limited?

This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover. 

Does PF, GST is automatically applicable to Private Limited?

There is no automatic applicability. Provident Fund (PF), GST applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.