PRIVATE LIMITED COMPANY Registration

Private Limited Company Registration

As Rs. 9999 ₹ 6,999 

Tax Filings

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WHAT IS A PRIVATE LIMITED COMPANY ?

A Private Limited Company is a privately held small business entity. The liability of members of a private limited company is limited to the number of shares held by that member. A private limited company is governed by Companies Act,2013. Minimum number of shareholders required to start a private limited company is two while the upper limit of members is 200 in accordance with the Companies Act,2013.

If a private limited company faces financial risk, its shareholders are not liable to sell their individual assets i.e. they have limited liability. There must be minimum two directors and maximum 15 directors for a private limited company and a director must be 18 years above in age. A foreign national can become a director of private limited company India.

It is compulsory to add private limited (pvt ltd) to the name of a private limited company India. Minimum paid up capital amount for a private limited company is Rs. 1 Lakh. A private limited company keeps on existing even in the case of death or bankruptcy of its Members.

Eligibility and requirements of Private Limited Company

To register a private limited company, a minimum of two persons to act as Directors and shareholders are required. The shareholders of a private limited company can be a corporate entity or a natural person. Director can only be a living person with one Director being a resident and Indian Citizen. A person is designated as a resident if he/she spends over 186 days in India.

There are no restrictions on foreign companies or foreign nationals being Directors or shareholders of a private limited company. As, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and Shareholders of a Company with Foreign Direct Investment, incorporating a company is the preferred choice of entry to India for foreign promoters.

GST Registration Online Process

Documents Required For GST Registration

Advantages of registering a private limited company

Registering a private limited company has various advantages compared to a partnership firm or LLP as under:

A. Equity Raise:

A company can raise equity capital from persons or entities interested in becoming a shareholder. Hence, a private limited company is a must for Entrepreneurs looking to raise money from angel investors, venture capital firms, private equity firms and hedge funds.

B. Limited Liability Protection:

A private limited company provides limited liability protection to its shareholders. In case of any unforeseen liabilities are created, it would be limited to the company and would not impact the shareholders.

C.Separate Legal Entity:

A private limited company is legally recognised as a separate entity. Hence, a company can have its PAN, bank accounts, licenses, approvals, contracts, assets and liabilities in its unique name

D.Perpetual Existence:

A company has perpetual existence and never ends without reason. For a company to lose its existence, it has to be wound-up by the Promoters or be wound-up by the Government. Hence, a company can only be wound up for reasons like non-compliance or failure to comply with rules and regulations.

E.Easy Transferability

As the ownership of a company is represented by shares – the ownership of a company can be transferred to any other legal entity or person in India or abroad easily – in part or whole. Further, since the shareholders control the Board of Directors, the Directors can also be replaced easily by shareholders to ensure business continuity easily at all times.

FEATURES OF PRIVATE LIMITED COMPANY

  • A Private Limited Company does not hold any relation with the public, they are not allowed to ask for any sort of deposit from the public or public sectors.
  • In a Private Limited Company, people are not allowed to transfer shares, which can help to prevent the takeovers of small Private Limited firms from big Public companies.
  • It is mandatory for every Private Limited Company to use “pvt.ltd.” after their name.
  • A Private Limited Company can consist of 200 members at a time.
  • The private limited company is very easy to accommodate.
  • Mentioning everything in Memorandum.
  • Private Limited Company is a legal entity which is established under Companies Act 2013.
  • A Private Limited Company has a never ending existence mean they have no effect if partners changed or died or any such circumstance took place.
  • Private Limited Company has to pay corporate tax.

FAQ

Director Identification Number is issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN.

The minimum required capital for initialization of Private Limited Company is 1 lakh rupees.

Yes, it is possible to use a residential property as a registered office of a Private Limited Company.

The selected name should be unique and different which will help to complete the registration process with ease.

Yes, foreign parent or holding Companies, including USA parent companies, can incorporate a subsidiary, as a 100% owned Private Limited Company in India subject to Foreign Direct Investment (FDI) Guidelines.

Any individual seeking for the directorship of the company needs to apply for Director Identification Number.

The director holds the responsibility to manage the company in a most efficient manner. As well as he should have the leadership quality as well as he should know about his responsibilities.

The registered office of the company with the same state can be done by just giving the notice within 30 days. Yes, the registered office of the company can be shifted from one state to another by following the specified procedure.

Yes, One person company can be converted into Private Limited Company. Do, I need to be physically present during the process? There is no necessity for an individual to be present at the location while registration because the entire procedure is done online.

Yes, a salaried person can become the director in private limited.

Yes, as per the companies act on anyone or any individual can become the director of the company.

Private limited company is owned by an individual or the members of the company.

As per the Companies Act 2013, the companies which come under this term needs to register themselves as a Private Limited Company.

As a director you may be personally liable for the losses and personal debts.

A Directors Loan is when you take money from your Company that isnt a salary, dividend or expense repayment and youve taken more than youve put in.

No, a Private Limited Company cannot give loans to anyone as per the sub- section 1 of section 185.

Yes, a Private limited company can accept loan from NRI.

The annual turnover should be above 20 lakh rupees.

A India limited company is a limited company incorporated under Companies Act 2013.

MOA and AOA are charter documents of the company. It defines the business objectives and rules & regulations of the company. It is drafted by our professionals and delivers to you along with Certificate of incorporation 

Basic

Inclusive all taxes

RS. 6999

Certificate of Incorporation
MOA, AOA

2 DIN, 2 DSC, PAN & TAN

(2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)

 
 
Medium

Inclusive all taxes

RS. 7500

Certificate of Incorporation
MOA, AOA

2 DIN, 2 DSC, PAN, TAN,

GST Registration

(2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)

MSME Registration

Advanced

Inclusive all taxes​

RS. 12999

Certificate of Incorporation
MOA, AOA

2 DIN, 2 DSC, PAN, TAN,

GST Registration

(2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)l

MSME Registration

Trademark Registration

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