Private Limited Company
Private Limited Company is the most recommended legal structure to start and operate a business in India. It gives a good balance between (i) cost + effort required to maintain the structure and (ii) ease of doing business.
Start-ups and growing companies prefer private limited company as it also allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent. As such, there are no restrictions on foreign companies or foreign nationals being Directors or shareholders of a Private Limited Company in India (subject to certain conditions laid down under the FEMA regulations attracted in few cases). Accordingly, incorporating a company is the preferred choice of entry in India for foreign promoters and foreign businesses.
Tax Vyapar will help you in all your requirements relating to registration of Private Limited Company and other formalities. All the company registration information will be given to you by our experts. Registration can be done through Tax Vyapar for company having a Registered office in any city of India, including Delhi, Mumbai, Bengaluru and Chennai.
A private limited company can have a minimum of 2 members and a maximum of 200 members. It is also possible to start a company (which is very similar to a private limited company) with only one member / shareholder / director, such a company is called One Person Company.
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Our Pricing
Basic
Company Registration-
2 Digital Signature Certificate (DSC)
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2 Director Identification Number (DIN)
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Incorporation Fees
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Stamp Duty *
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Incorporation Certificate
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Share Certificate Hard Copy
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MoA & AoA
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PAN & TAN
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GST
Standard
with Commencement Certificate-
2 Digital Signature Certificate (DSC)
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2 Director Identification Number (DIN)
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Incorporation Fees
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Stamp Duty *
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Incorporation Certificate
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Share Certificate Hard Copy
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MoA & AoA
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PAN & TAN
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GST
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Certificate of Commencement (Form INC 20A)
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Udyog Aadhar (Udyam Registration)
Premium
Company & Trademark Registration-
2 Digital Signature Certificate (DSC)
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2 Director Identification Number (DIN)
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Incorporation Fees
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Stamp Duty *
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Incorporation Certificate
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Share Certificate Hard Copy
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MoA & AoA
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PAN & TAN
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GST
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Certificate of Commencement (Form INC 20A)
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Udyog Aadhar (Udyam Registration)
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Importer Exporter Code (IEC)
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Trademark Registration (one class one application)
* Upto 5 Lakhs Authorised Capital Â
Note:
- Digital Signature Certificate (DSC) includes Class 2 digital signatures with 2 year validity on secure USB token.
- Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount actually invested by shareholder and there is no minimum requirement for the same.
- Registration of company having registered office in the state of Maharashtra will also receive mandatory Professional Tax Registration.
- Trademark Registration includes filing of application Form TM-A only. After which, if no objection is received, the trademark will be accepted and registered.
Company Name Availability
The first step in Company Registration is to ensure that the desired company name has not already been taken by another company or legal entity.
To check if a company with your desired name exists, click the following link, and run company name search in the Ministry of Corporate Affairs (MCA) database:
Additionally, it should be ensured that the desired name has not been trademarked by anyone else. If it has been trademarked, you would need to obtain a no-objection certificate (NOC) from its owner saying he has no objection if you use the desired name as your company name. Once the NOC is furnished to the MCA, only thereafter it will be approved as your company’s name.
Click the following link to check if a trademark already exists against your desired name:
Features & Advantages
Limited Liability
Neither the shareholders nor directors of company have any liability to repay the outstanding debts of the company. Their liability is limited to the extent of their contribution to share capital.
Perpetual Existence
Since company has its separate legal identity, it existence is not dependent on the existence of any other person and thus has perpetual existence.
High Scalability & Flexibility
As there can be large number of shareholders in a single company, it is highly scalable. It is also very flexible in the sense that it is very easy for any shareholder to enter or exit a company any moment.
Separate Legal Identity
Once incorporated, a company has its own legal entity which is separate from its shareholders. Accordingly, the company can sue and can be sued in its own name.
Corporate Image
Company gives a corporate image to the business conducted under its name. This gives an advantage in business negotiations and dealings.
Eligible for Startup India Scheme registration
Only Private Limited company & LLP are eligible to be registered under the Startup India Scheme and claim Tax deduction under section 80IAC.
Comparison
Compare different types of business structures available to determine which suits you the best
- Number of Person
- Governing Act
- Registration requirement
- Liability
- Separate Legal entity
- Perpetual Existence
- Statutory Compliances*
- Statutory Audit*
- Tax Rates
- Tax on profits/ dividend distributed
- Recommended For
* Extent of Tax compliances and requirement for Tax Audit is same for all business structures, the above details pertain to compliance and audit requirement under their respective statues.
** Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh
Registration (Incorporation) Process
Registration of a Private Limited company in India is completely an online process. Recently, the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, incorporating a Private Limited Company is even easier now.
Summarily, for a company to be incorporated the following tasks are to be completed:
- Apply for and obtain DSC
- Apply for and obtain DIN
- Obtain approval / Reserve name of the company to be incorporated
- Draft and upload MoA and AoA
- Fill online form along with attachments on the MCA website
- Apply for PAN and TAN of the company
- Obtain Certificate of Incorporation from RoC along with PAN and TAN
Do not miss about filing Form INC 20A once you start your company. Form INC 20A is to be filed within 180 days from the date of incorporation, failure to do so will result in late filing fees and penalty for the company as well as penalty for officer in charge.
How we do it !
- Fill our simple checklist of Information required
- Send all documents
- Checking Name availability with MCA & Trademark database
- Obtaining DSC
- Preparation of MOA & AOA
- Fill and upload Form on MCA website
- Receipt of Certificate of Incorporation
- Opening Current Bank Account
- Filing Form INC 20A
- Receipt of Certificate of Commencement of Business
Time Frame
To register Company
After we receive all the information and documents required
Filing of Form INC 20A
After you deposit certain amount in company’s Current Bank Account
Certificate of Commencement of Business
Time taken for Receipt after filing Form INC 20A
Information Required
General Company Details
- Proposed Name of Company
- Significance of Company Name
- Objects of Company
- Authorised Capital requirement (Minimum Rs. 1,00,000)
- Paid up Capital requirement *
- Whether promoters & Directors are same, if not give details
Promoters' Details
- Name of Promoters
- Qualification of Promoters
- Occupation of Promoters
- Email Id
- Mobile No.
- No. of years Director residing at present address (If less than one year than proof of earlier address also required)
* There is no minimum requirement for Paid-up capital.
Documents Required
Relating to ALL DIRECTORS & SHAREHOLDERS
- Photograph passport-size
- PAN Card
- Any one Proof of identity (Passport / Driving License/ Voters ID)
- Any one Proof of address (Telephone Bill/ Electricity Bill/ Mobile Bill / Bank Statement) *
Relating to REGISTERED PLACE OF BUSINESS
If Rented:
- Rent Agreement / Lease Deed
- Electricity bill *
- NOC from landlord / owner
If Owned:
- Purchase Agreement / Sale Deed
- Electricity bill *
* Recent bill/ statement (last 1-2 months)
Deliverables
What will you get at the end of Company Registration / Incorporation process !
- DSC for 2 Directors
- DIN for 2 Directors
- MoA & AoA
- PAN Card
- TAN allotment letter
- Company Incorporation Certificate
- Share Certificate
- GST Certificate
- Certificate of Commencement of business - Standard & Premium Packages
- Udhyog Aadhar (Udyam Registration) - Standard & Premium Packages
- IEC Certificate - Premium Package
- Application filed for Trademark Registration - Premium Package
Kick start your Private Limited Company 🚀
Frequently Asked Questions (FAQs)
A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.
Incorporating a company through Simplified Proforma for Incorporating Company electronically (SPICe plus), with eMoA (INC-33), eAOA (INC-34), is the default option and most companies are required to be incorporated through SPICe  plus only.
It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on the submission of relevant documents by the client and the speed of Government Approvals. To ensure quick and speedy registration, choose a unique name for your Company. The registration fees for the incorporation is inclusive in the package offered to you.
There exists no bar on turnover or capital in private Limited Company unlike One person Company.
Minimum two directors are required to incorporate a private limited company. Companies Act, 2013, has introduced the concept of One Person Company (OPC) private limited, in which a single individual can start a private limited company. Thus, if you plan to incorporate OPC, you can incorporate it with only one director.
The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of the proposed Company. Digital Signature application is to be filed to get a DSC.
Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
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