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Registering a private limited company is a popular choice for entrepreneurs in India due to its legal acceptability, limited liability protection for directors, market credibility, and trust factor. LegalSearch takes you through the process of registering a Pvt Ltd company, covering key steps, required documents, costs, benefits, and handling all your frequently asked questions.
In India, apart from a private limited company, there are other types of company registrations. However, Pvt Ltd company incorporation holds the highest trust score in the minds of your customers, vendors, employees, investors, and bankers. Each type has distinct features, benefits, and compliance requirements ..
One person company registration is ideal for single entrepreneurs. OPC allows a sole individual to own all the shares in the company and manage the business.
LLP registration combines the flexibility of a partnership with the benefits of limited liability for its partners.
Suitable for large-scale businesses, it allows the company to sell shares to the public.
Suitable for non-profit NGO organisations. By incorporating a Section 8 Company...
Registering a Pvt Ltd company in India involves a different legal process that can be broken down into the following steps:
Once you submit the above GET STARTED form, you may need to fill a simple one page Questionnaire to start the Company incorporation process.
The directors and shareholders need to arrange for simple proof documents as given below in detail to start the process
The legal team will check the documents provided by the directors and shareholders and prepare the incorporation documents for signature of the directors and shareholders.
The first step is obtaining DSCs for the proposed Directors of the company. This is essential for electronically signing documents.
The company's proposed name must be unique and suggestive of its business. It can be verified and applied for through the Ministry of Corporate Affairs (MCA) portal.
Drafting and submitting the MoA and AoA, which outline the company's object and internal rules and byelaws, respectively.
File the incorporation application (SPICe Form) along with the necessary documents to the MCA. This form also covers PAN and TAN applications for the company.
After verification, the Registrar of Companies (RoC) will issue the Certificate of Incorporation, marking the formal existence of the company.
Every Director must have a DIN. It can be obtained by filing an application online.
Along with the company incorporation certificate you will also be allotted a Company PAN and TAN/TDS number
Open a bank account in the name of the company to start operations.
The following documents are needed for registering a Pvt Ltd company in India:
Many times startups need to borrow money and take things on credit. 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 .
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.
Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Investors prefer private limited companies as they are structured and easy to exit fromInvestors love to invest in Private Limited companies as it is well structured and less strings attached.
Startups can attract and retain employees more easily with corporate designations and stock options it is easy to hire people as well as motivate them with corporate designations and stock options.
Private Ltd. companies are simple to sell with minimal documentation and cost involvedPrivate Ltd is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.
Minimum 2 Shareholders
DSC (Digital Signature Certificate) for 2 Promoters & 1 witness
DIN (Director Identification Number) for all Directors
Minimum 2 Directors
Suggested Authorised Share Capital 20,000 (INR Twenty Thousand)
One of the Directors must be Indian Resident
The directors and shareholders can be the same person
DIN for 2 Directors
MOA + AOA
Customized Incorporation Master File
Bank Account Opening Support
Digital Signature Token for 2 Promoters & 1 witness
Incorporation Certificate
Company PAN Card
Web Hosting + 10 emails for 1 Year
Company Name
PF + ESIC + Professional Tax
Company TAN/TDS
Web Domain Name for 1 Year
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There was a little bit of anxiety and doubt when I contacted them as I was from one side of the country and they were from other side and I was new to online filing and documentation process. But the service I got from them was marvelous. These guys are so professional, that I never felt to be new to them. The execution of papers, documentation and processing was first class. They finished the assignment before committed time and pricing is absolutely affordable and value for money.
Company registration in India is a legal process where a business is officially recognized as a company
2013.
It ensures legal protection, brand identity, and financial and legal adv
ISO 9001:2015 is the International Standard
for Quality Management Systems (QMS). It provides a set
of
requirements that helps management of business to achieve customer satisfaction.
o register a company in India, you need to choose a company name, obtain a Digital Signature Certificate (DSC), Directo
in growth of business, Helps in getting Govt. Tenders, Provides eligibility to enter global markets,
Good marketing tool.
It depends upon the size of the business and current level of management practices. Typically it may take from 5 to 90 working days.
vt Ltd registration offers benefits like limited liability protection, separate legal entity status, ability
firm, Partnership, Private Limited Companies, LLP, One Person company, Public Ltd., Trusts, NGO,
Hospitals, Govt. Agencies.
Key documents include proof of identity and address of directors, a registered office address proof, Memorandum of Association (MoA).
Company registration in India typically takes about 10-15 days after all documents are submitted and verified.
business organization, ISO certificate is issued to such organization.
ISO 9001:2015 is the International Standard for Quality Management Systems (QMS).
The cost varies based on several factors but generally ranges from INR 10,000 to INR 30,000.
It depends upon the size of the business and current level of management practices. Typically it may take from 5 to 90 working days.
Yes, a foreign national can be a director of an Indian company, provided they obtain a Director Identification Number (DIN) and comply
There is no minimum capital requirement for Pvt Ltd registration in India as of 2020. However, it is suggested to have an authorized capital of at least Rs. 20,000 to cover up the incorporation expenses.
