What is Private Limited Company Registration ?
Private Limited Company Registration is one of the most popular legal entity in India. In simplified terms, its a proper company registration in India with the ministry of corporate affairs and gives you rights doing business anywhere in India or outside. MCA register your pvt ltd company registration and provide to you CIN Number with Certificate of Incorporation. At the end of the process, you have to simply open a current bank account on the Company Name on the basis of Certificate and Start your Company Operations.
What is Pvt Ltd Company Registration Rules ?
#1 Require minimum 2 directors or partner in the Private Limited Company.
#2 Authorised Share Capital: 1 Lakh Rupees ( It’s just a share proposed value, doe’st not mean you have to invest 1 lakh rupees)
Pvt Ltd Company Registration Fees
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Pricing : 10999/- INR ( All Inclusive)
#1 2 Directors DIN + DSC
#2 Name Approval of Company + MOA & AOA Drafting & Printing
#3 Certificate of Incorporation + PAN & TAN of the Company
Free with above package :
#1 MSME Registration Certificate to avail govt benefits
#2 10+ Premium Legal Agreements Template
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Pvt Ltd Company Registration Online
Pvt Ltd Company Registration Online is possible through official MCA Govt Website but the problem i.e you can’t do it your self the pvt ltd company registration. Because its required the additional digital signature Attestation from a Practicing Chartered Accountant or Company Secretary or Lawyer etc. So It’s mean you have to hire a Good CA to get done your Private Limited Company Registration in India anywhere.
Private Limited Company Registration Process
Simple 5 Steps Process to Register Your Private Limited Company in India
#1 Apply for the Digital Signature Certificate (DSC) for all the Person who’s are will be director in the Private Limited Company.
#2 Apply for the DIN Registration for all the Person who’s will be director in the Pvt Ltd Company.
#4 Once name has been approved, Proceed with the SPIC(INC 32) Private Limited Incorporation Form with the E-MoA & E-AOA of the Pvt Ltd Company.
#5 Now Apply for the PAN & TAN Application for the Private Limited Company which is issued with he Certificate of Incorporation.
Documents required for Private Limited Company Registration
Below are the Documents Checklist required for the Private Limited Company Registration –
Personal Level Directors Documents for the Private limited Company –
#1 Directors Personal Pan Card Copy
#2 Directors Aadhar Card/Voter id/Passport/Driving License Copy anyone for the identity verification.
#3 Passport Size Photograph
Company Level Documents for the Pvt Ltd Company Registration –
#4 Company Business Address Proof like Electricity Bill Copy with the NOC or Rent Agreement or Sale Deed anyone
for the more details checkout here about Documents Required for documents required for pvt ltd company
Benefits of Private Limited Company Registration
Below are the benefits of the private limited company –
#1 Easily Setup and recommend to Growing Startups.
#2 Limited Liability for Members.
#3 More Credibility as Compare to others.
#4 Easily raise funds from Investors.
#5 ESOP Option are available to motivated Employees.
#6 Name Protection available.
Pvt Ltd Company registration name availability
Basically, in the private limited company, you have to choose a unique name. because once a name has been registered with the MCA then no one other company take over the same name. It’s just like Brand Registration.
So you have to provide 3-4 name during the name approval process during the Private Limited Company Registration Process. once you provide the company name, then MCA will check the same and approved as per the name availability rules and regulations. you can check here about How to Search a Company Name.
What is the Cost Involved in the Private Limited Company Registration
There are various cost involved in the pvt ltd company registration. below are the same –
2 Digital Signature – (1000*2) = 2000
Director Identification Number (500*2) = 1000
Stamp Duty(Approx) = 2500
Notary Fees – 1000
Govt Fee for RUN+PAN+TAN = 1200
Professional Fee(Market Price) = 3000-5000/- INR
So if you want to know more about details then checkout this Guide on Pvt Ltd Company Registration Fees
How Much times takes to Register your Pvt Ltd Company ?
There is no Standered Timeline for the Private Limited Company Registration. Its all depend on the Documents Submission and Incorporation Forms.
if we talk about the DSC & DIN then its takes min 1-2 days, for the Name approval its all depend on the govt which takes avg 2-3 days. so you can takes min 10 days to complete your whole incorporation of the private limited company.
FAQ Series on Private Limited Company Registration
#1 Can i Register a Private limited Company on my Home Address ?
Yes, you can register your company at your residential address. there is no issue, you need only the utility bill copy of the same.
#2 Can i Register my family members in the company, if have no partner ?
Yeah, it’s a good idea to register on your family member on the Paper. even on later stage you can change this or transfer the shares of the directors.
#3 How many days takes to register a private limited company ?
Its take minimum 10 to 15 days avg. to register a private limited company in India.
#4 How much cost for the private limited company ?
It’s cost nearby 10,999/- INR except in some state like Punjab, Kerala and MP State due to Stamp Duty.
#5 What is meant by the authorized capital in case of private limited company i.e is 1 lakh rupees ?
It’s a just a maximum share value which you can issue in your company so it’s not mean that you have to invest the 1 lakh rupees. you can start your own private limited company with any amount of capital.
#6 GST Registration is required for private limited company registration online ?
GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it’s a completely separate registration apart from private limited company registration.
#7 Registration with the Startup India is Possible ?
Yes, with the private limited company registration under startup india is possible. simply register your pvt ltd company and register with the startup india portal.
#8 Can i run multiple business under one private limited company ?
Yes you can run the multiple business under one private limited company. For ex if you deal into the trading of the products and services both then you can mention in your MOA during the pvt ltd company registration.
#9 What is the DSC ( Digital Signature Certificate ) for Online Company Registration ?
In the private limited company all the eforms has been filed with the DSC. at the end of the process, it will be delivered at your address via USB Token for the same.
#10 How i register my company name or logo in India ?
Basically, with the private limited company registration, you company name has been secured. but if we talk about the logo registration then there is separate trademark registration. you can checkout here more details about Brand name registration.
#11 What is the Minimum requirements to become director in a pvt ltd company ?
Any individual or company or NRI’s can become director in pvt ltd company if they have –
– 18+ yr Age
– Required the Director identification Number.
#12 Validity of the Private Limited Company Registration Online ?
It’s a life time validity of the private limited company registration certificate. but there are some situation where private limited company name can be terminated from the ROC –
– if the company are not able to start the business within 1 year of the incorporation.
– if the company are not filings regular Annual Returns.
#13 if i am working in any private company as Job so can i register as director ?
Yes, you can become director of the company if you are not bounded with any employment contract for the same. for the more details must check your employment agreement.
#14 Do i need to present or visit any govt office to get done my Pvt Ltd Company ?
No, Its all done online with myonlineca. you have to just provide us the documents as scanned copy via email or whatsapp and Be Relex ! your work is done.
#15 FDI or Local Investors are allowed in the private limited company ?
Yes, Venture capitalist firms or angel investors are allow to invest in the private limited company.
#16 What are the Mandatory Compliance or Annual Compliance for Private Limited Company ?
if we talk about the annual maintenance or compliance then its include following things ;
#1 Appointment of the Auditor with the statutory audit of the accounts.
#2 Filings of the AGM, Annual Return and financial statement
#3 Filings of the Income Tax Return for the same.
#17 Private Limited Company is the best for NRI’s or Foreign Nationals?
Yes, because its not required any prior approval from the reserve bank of India. so they can easily setup through this legal entity.
#18 Can i convert my private limited company into the other entity like LLP or OPC etc.
Yes Private limited company conversion is possible into the LLP or OPC etc but you can’t convert into the basic form like Proprietorship or Partnership.
#19 What is limited liability Protection in the Private Limited Company.
Limited liability protection is likely to responsible only to limited amount fo the debt in private limited company. mean your personal assets are separate from the company liabilities.
#20 Apart from Pvt Ltd Company Registration what i needed to start my business ?
There is no other mandatory registration after the opening a current bank account. the optional basis you can apply for the MSME Registration or Trademark Registration or FSSAI License or Patent Registration etc.
How to Register a Pvt Ltd Company in India
Step 1. Application for DSC (Digital Signature Certificate).
Digital Signature is the first step to form a private limited company. All the eforms are online so its required the digital signature instead of the physical signature. In the MOA & AOA of the company all the directors or subscriber required the digital signature.
Digital signature prepared by the govt authorized authority only such as Emdura or Sify etc. These certifying agencies provide the digital signature in under class 2 and class 3. mainly its required the class 2 DSC Only. if we talk about the DSC Cost then its cost around 1000/- INR per DSC.
Step 2. Apply for the DIN (Director Identification Number)
DIN is mandatory to become the director of any company. Only one din is allowed for one person. so after the obtaining DSC you have to required to apply for the DIN. There are 2 ways to apply for the Digital Signture –
#1 DIR – 3 : If you are existing private limited company in India and now want to establish another company then you can file the DIR-3. you have to submit the all directors identity and address proof like pan card with aadhar card etc. but remember from the January 2018 its has been outdated.
#2 SPICe (INC32 Form) : This is new option after the jan 2018 for the new companies. You have to require the fillup new SPICe INC 32 Form with the director details & documents. but wait ! you can incorporate with only 3 directors for the same, if any case you have more directors then you can appoint them after the incorporation of the pvt ltd company.
Step 3. Application for the Name availability.
This is one of the most important steps during the private limited company incorporation. you have to choose a unique identity name for your company. there are 2 ways to register or book your name for the private limited company.
#1 Let suppose before apply for the DSC or DIN if you want to book your private limited company name with the MCA then you can use the newly RUN ( Reserve Unique Form) for the same. but remember its gives you only 1 chance to submit your company name, if any case due to trademark violation or existing company names violation your application will be rejected then you have to again apply for the same. so you have to follow the company registration name guidelines. but Don’t worry there is relaxation from 23rd March 2018, Now you can submit the 2 proposed name with the 1 resubmission through RUN Form.
#2 This is one of the fasted ways to get register your private limited company with the government. In this way, you have to submit the SPICe INC 32 Form with the proposed name if your name is approved then your whole company has been registered for the same. but remember if any case your name is rejected then there is only 1 more chance to resubmit the application without any extra govt charges. but if you still fail in the 2nd option then you have to again start the process from scratch and pay the government fee for the SPICe inc32.
Step 4 : Filing of the EMoa and EAOA for the register private limited company :
Previously before introducing the SPICe’s form you have to require the file MOA & AOA of the Company physically paper to the MCA but after the introduce new SPICe’s form you have to just attach Electronic MOA & AOA of the Company.
Note – SPICe’s INC 32 Forms and all other above process required the digital signature certification from the Practising Chartered Accountant or Company Secterary or Lawyer. So you can do it yourself without helping of the professional. Take myonlineca service and Be Relex !
Step 5 : Apply for the PAN & TAN of the Company
Previously before introducing the new forms, during the private limited company registration required to separately apply for the PAN & TAN for the same. but now you can apply through SPICe’s form together.
Step 6 : Issued Certificate of Incorporation by RoC with PAN & TAN
If everything is perfect and approved by MCA Registrar of Companies then they will be issued Certificate of Incorporation with PAN & TAN for the same.
Step 7 : Opening a Current Bank Account on Company Name –
So this is the last step for your private limited company. after the getting certificate of incorporation, you have to simply open a current bank account as per your choice on the basis of the documents which is provided by us.