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Private Limited Company Registration

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What is a Private Limited Company?

The most common and preferred type of legal structure registered in India is private limited company registration and is incorporated under the provisions of Companies Act of 2013.
This can be the best type of business for every startup. Private Company Registration is optimal for any person seeking to fund to run and scale up a business. Pvt. Ltd. Company is more credible than other non registered entities, therefore getting bank loans and funding is much simpler. The most important reason to register a Private Company is that it is separate legal entity in the eyes of law means that if the company defaults its banks / creditors, then they only have the right to sell the company’s assets and not the directors’ personal assets.

There are two Directors along with two shareholders who can incorporate a Private Company in India; however both can also be same persons. Directors and shareholders first have to have Director Identification Number (DIN) and Digital Signatures (DSC) for Company registration under Companies Act, 2013. Private Limited Company registration also needs a business place as a registered office. Company incorporation in India takes place through Central Registration Centre (CRC). Company registration is a complete online procedure. The same takes approx 7 to 8 working days.
OPC Compliance

What is a Private Limited Company?

OPC Compliance
The most common and preferred type of legal structure registered in India is private limited company registration and is incorporated under the provisions of Companies Act of 2013. This can be the best type of business for every startup. Private Company Registration is optimal for any person seeking to fund to run and scale up a business. Pvt. Ltd. Company is more credible than other non registered entities, therefore getting bank loans and funding is much simpler. The most important reason to register a Private Company is that it is separate legal entity in the eyes of law means that if the company defaults its banks / creditors, then they only have the right to sell the company’s assets and not the directors’ personal assets.

There are two Directors along with two shareholders who can incorporate a Private Company in India; however both can also be same persons. Directors and shareholders first have to have Director Identification Number (DIN) and Digital Signatures (DSC) for Company registration under Companies Act, 2013.

Table of Content

One Person Company Compliances

Table of Content

One Person Company Compliances

Advantages of Private Limited Company Registration

Closing Private Limited Company
  1. No Minimum Capital
    There is no requirement of any minimum capital to register a company in India.
  2. Members Count
    One can start private companies with only 2 members. Max members can go up to 200.
  3. Limited Liability
    A Company is a separate legal entity. Shareholders of any Company have limited liability
  4. Middle Ground
    Private Limited companies provide the best form of business registration with limited liability. It provides feasibility of running business with limited liability
  5. Perpetual Succession
    A Company is a separate legal entity. It exists even after the death of the member incorporated the company.
  6. Business Credibility
    Unlike normal Partnership firms and unregistered entities, company registration gets more recognition as they are regulated by law.
  7. Funding Options
    A registered company is the best option to raise funding from bank or investor

Documentation for Pvt. Ltd. Registration

Passport size Photograph

Copy of PAN Card

Copy of Electricity Bill

Sale Deed (if owned)

Copy of Aadhar Card

Address Proof

Copy of rent agreement (if rented)

NOC

OPC Compliance

Passport size Photograph

Copy of PAN Card

Copy of Electricity Bill

Sale Deed (if owned)

Copy of Aadhar Card

Address Proof

Copy of rent agreement (if rented)

NOC

Our Packages

Basic Plan

₨1900/-

₨/

  • Icon 2 Digital Signatures (DSC)
  • Icon 2 Director Identification Number (DIN)
  • Icon Certificate of Incorporation
  • Icon MOA and AOA
  • Icon ROC & Stamp duty
  • Icon EPFO Registration
  • Icon ESIC Registration
  • Icon E-Pan Card of Company
  • Icon TAN or TDS Number
  • Icon Bank A/c Opening Support
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Popular

Premium Plan

₨2000/-

₨/

  • Icon 2 Digital Signatures (DSC)
  • Icon 2 Director Identification Number(DIN)
  • Icon Certificate of Incorporation
  • Icon MOA and AOA
  • Icon ROC & Stamp duty
  • Icon EPFO Registration
  • Icon ESIC Registration
  • Icon E-Pan Card of Company
  • Icon TAN or TDS Number
  • Icon Bank A/c Opening Support
  • Icon E-Pan Card of Company
  • Icon GST Registration
  • Icon MSME Certificate
  • Icon Trademark Filing
Checkout

Standard Plan

₨2000/-

₨/

  • Icon 2 Digital Signatures (DSC)
  • Icon 2 Director Identification Number (DIN)
  • Icon Certificate of Incorporation
  • Icon MOA and AOA
  • Icon ROC & Stamp duty
  • Icon EPFO Registration
  • Icon ESIC Registration
  • Icon E-Pan Card of Company
  • Icon TAN or TDS Number
  • Icon Bank A/c Opening Support
  • Icon GST Registration
Checkout

Note:- The above price might vary as per the deed and amount of contribution Trademark filling excludes government fees.

Process involved in registering a Pvt. Company Registration

  • Step-1: Acquire a Digital Signature Certificate (DSC)
  • Step-2: Director Identification Number (DIN)
  • Step-3: Name Reservation for the Company (SPICe+ Part A)
  • Step-4: Submission of Company Details (SPICe+ Part B)
  • Step-5: Preparation and Submission of Incorporation Forms (SPICe+ MOA and AOA)
  • Certificate of Incorporation
Unilex Consultants

Process involved in registering a Pvt. Company Registration

  • DIN and DSC of all the Directors
  • Minimum 2 Directors
  • Minimum 2 shareholders
  • There should be some amount as paid up share capital
  • At-least one Indian resident Director out of two.
  • Registered office address in India

Process involved in registering a Pvt. Company Registration

Unilex Consultants
  • DIN and DSC of all the Directors
  • Minimum 2 Directors
  • Minimum 2 shareholders
  • There should be some amount as paid up share capital
  • At-least one Indian resident Director out of two.
  • Registered office address in India

Comparison of different types of entities

Benefits of registering a Private Company

Branch Office Registration
  • Protection for shareholders in proper legal terms.
  • Open for funding from outside India.
  • Proper role segregation in terms of shareholders and directors.
  • Minimum two shareholders are enough where as in public limited registration a minimum of 7 shareholders are mandatory.
  • No need to disclose the financial reports unlike publicly registered corporations.
  • Various exemptions under provisions of Companies Act, 2013.

Mandatory Compliances of Private Company every year

  • Statutory audit by a chartered accountant
  • Annual filings to registrar of companies
  • Maintaining Minutes and statutory registers
  • Filing of ITR
  • Minimum number of board and general meetings as prescribed under the Act
  • Appointment of Auditor
FAQ

Frequently Asked Questions

There is no least paid-up capital required for registering a Company. As per the companies act 2013 promoters are free to start the business with any sum of money.

MOA is the object clause. AOA is the articles of the company. Both are an integral part of company registration. Both are e-forms filed at the time of incorporation of any company.

Company registration is an online procedure through the e-form SPICE+. It takes approx 7 to 8 working days to register any company.

A certificate of Incorporation (COI) is the certificate given by CRC. Received after complying with the conditions and procedure of incorporation.

A private Company is a separate legal entity. It has a feature of perpetual succession. It is easy to form with 2 members only. Members assume limited liability.

Company name gets applied through SPICE part A. You can get the name via incorporation too. Separate filing of names is not mandatory.

Company registration is mandatory in India to start any business, so fixing the business structures is crucial. In India, there are seven different types of company registration: • Sole Proprietorship Registration • One-person Company Registration • Partnerships Firm Registration  • Limited Liability Partnership (LLP) Company Registration • Private Limited Company Registration • Public Limited Company Registration • Section 8 Company Registration

The name and object of the company could differ and not be in consonance with each other. Promoters can keep the Company name on their initials. No need to change the company name in case of a business activity change. No need to get any sort of NOC whose name is being used in Company’s name.

Yes, NRIs, foreign nationals, and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to mandatorily be a part of the company on the Board of Directors.

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