Private Limited company registration

Private Limited Company Registration
(Price Start at $ 102 /-)

In India, doing business in an incorporated form is considered best in class, due to multiple benefits and a favorable statutory structure. The incorporation of a private limited company is the first step towards setting up your new venture, which is governed by the Indian Companies Act, 2013, under the ambit of the Ministry of Corporate Affairs.

Benefits of Private Limited company registration in India

Incorporating a private limited company comes with a whole lot of benefits; some of them are enlisted below:

  • Separate Legal Entity: The company is treated as a separate legal body from its members.
  • Limited Liability: The liability of the members of the Company is limited to the amount of shares subscribed by them.
  • Going Concern: The company is incorporated on a going concern basis.
  • Perpetual Succession: The life span of the company is perpetual; individuals can come and go but the company will remain forever.

Eligibility criteria for Private Limited Company registration in India

The minimum requirements of incorporating a private limited company are listed below:

  • Minimum 2 Directors & Shareholders, one should be an Indian resident director.
  • DIN & DSC
  • Place of business to be designated as the registered office of the company.

Documents & information required for registering a private limited company in India.

  • KYC documents of the proposed Directors & shareholders, including their passport size photograph, mobile number, and email address
  • List of activities to be undertaken by the proposed company
  • Ratio of shareholding between the subscribers to the memorandum
  • Documents pertaining to the registered office of the company like electricity bill, rent agreement, NOC, etc.

Procedure to register a Private Limited company in India

  • Application for name approval to be filed with the authority.
  • Obtain Digital Signature Certificate.
  • After approval, file relevant documents along with a filled-in form with the authority for the final approval of the incorporation process.

What are the different compliances for registering a private limited company in India?

Once the company is incorporated, it has to undergo certain post-incorporation compliances to abide by the law and governance, which are enlisted below:

  • Opening of the bank account of the company
  • Deposition of subscription money in the bank account by the subscribers
  • Filing of commencement of business compliance with the registrar of companies
  • Appointment of statutory auditor within 30 days of incorporation
  • Convene the first board meeting of the Company within 30 days of incorporation
  • Filing of FC GPR, in case foreign investment is involved
  • Regular quarterly and annual compliances, including but not limited to filing various e-forms like DPT-3, MSME form, DIR-3KYCs, AOC-4, MGT-7/7A, etc.
  • Annual audit of accounts and filing of tax returns with the authorities

Most common question about our services

What is the timeline to incorporate a company in India?

It solely depends upon the nature of the entity we are incorporating; however, it takes 4-5 working days to incorporate a normal private limited company.

Why should I incorporate a company instead of any other form of business?

By incorporating a company, you keep your liability towards any losses to an upper cap, i.e., the amount of investment made is the only maximum loss that can be incurred. It gives you a positive recognition in the eyes of the law, making business operations easier, taking working capital limits from banks, going global; it helps in all.

Are post incorporation compliances mandatory in nature?

Yes, these compliances are mandatory to avoid any kind of penal actions from the statutory authorities.

Why DIN and DSC are required?

Director Identification number (DIN) is a separate legal identification number allotted by the Ministry of Corporate Affairs for the Directors of the Company, so as to keep everybody distinct and traceable. Furthermore, Digital Signature Certificates (DSCs) are required to electronically sign and file the applications, compliances with the authorities for their approvals.

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