Private limited company is a preferred option for setting up business in India. This offers various features and benefits to the shareholder and user connected with the company. It enjoys the right of Separate legal entity, limited liability and many more.
Submit to get Private Limited Company Registration
Enjoy the benefit of Limited Liabiliy
Company can acquire, purchase the asset on its own name
It is completely different from its director and it's members
It had the advantage of getting fund easily at the early stage of business.
Private Limited Company Registration Service Details
Company Registration Process: -
Registration of the company includes several steps
Acquire a Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Name Reservation of the Company i.e., Spice+ Part A
Submission of Company details i.e., Spice+ Part B
Preparation and submission of Incorporation forms (INC-33 MOA, INC 34 AOA, INC 35 Agile Pros, INC-9)
After all the process we will get the Certificate of Incorporation (COI) and other ancillary documents.
Post-incorporation compliances.
Now Let’s discuss in detail what is included in every step and how we proceed with that
First, we have to check whether every director has DSC or not if yes then we have to collect the same if not then we have to make a Digital Signature first, because every work is done electronically so every director is required to sign every form electronically through DSC. Documents are required for Individual DSC to make an Aadhar card, PAN card, bank statement, and photograph of the director. For DSC you can refer to our DSC service tab for more information.
Secondly, we have to know whether the Director has an existing DIN or not, if yes then we have to collect the required information of the Director that in which company he has an interest and how much he holds shares in the company.
Then after all that we are going to reserve the name of the company by filing the form Spice+ Part A it took 3 days to get the name reserved and after that, we have 21 days to incorporate a company.
Meanwhile, in between the 3 days of name approval, we will make other necessary documents like DIR-2, NOC for the registered office, etc.
After the name approval, we will file details in Spice+ Part B form which includes details of shares, subscribers, directors, registered office, PAN TAN codes, etc and submit the form after signing of all the forms by every director and shareholders.
After submitting the form, we have to prepare INC 33 i.e., Memorandum of Association, INC 34 Article of Association, INC 9 details of Subscribers and Directors, INC 35 Agile PROS.
And then we have to submit all the forms and wait for the approval by the Registrar of Companies.
After getting we have to do post-incorporation compliances likeADT-1, INC-22, INC-20A, GST registration, etc.
Documents Deliverables are: -
Certificate of Incorporation (COI)
Memorandum of Association i.e., INC 33
Articles of Association i.e., INC 34
Agile PROS i.e., INC 35
Details of Subscribers and Directors i.e., INC 9
PAN Card of the company will be shared over mail by MCA Department
ESI/PF credentials will be shared over mail by MCA Department
TAN Card of the company will be shared over mail by MCA Department
Time Taken to incorporate a company is 8-10 days.
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
First condition is to incorporating a private limited in India is you require at least 2 members and 2 directors and both the directors and shareholder can be the same.
Maximum number of members in a private limited company can't exceed is 200 members.
15 directors as per the companies act, 2013 but which can be increased later by passing a resolution.
At least One director must be resident of India among two.
Director must be major and not of unsound mind and incapacity to do the task as per the law.
Company must have a registered office situated in India.
There is no minimum capital requirement for incorporating a company in India.
Private limited company cannot invite shares through issuing share in public.
Private limited must have to comply with all the regulatory and legal compliances with ROC.
Company must have a legitimate purpose to run the business.
Documents Required for Private Limited Company Registration
Now let’s Discuss about the documents need for registering a private limited company in India.
First of all, documents required related to the director/ shareholders of company are
Educational qualification that they had completed till now or pursuing,
KYC Documents i.e., Aadhar Card, Pan Card, Photograph of all the Directors, Mail I’d & Mobile Number of all the directors, Bank statement of all the directors, DIN if having with any director.
Digital signatures certificate of all the directors and shareholder if they are different.
Declaration by the Director under form number DIR-2 about the consent of becoming director and enclosing the Directorship or holding of any interest in any company.
Now secondly, we need documents related to the company i.e.,
4 proposed names of the company going to incorporate. Why we are asking for 4 names because if any resubmission or issue arise alike that then we can use 2 other alternate names for the company incorporation.
Share capital of the company clearly stating the share of every shareholder in the said capital.
Now lastly, we need the documents related to the registered office of the company i.e.,
No objection certificate for the registered office from the owner of property stating clearly of having no issue for taking registration at that place.
Rent Agreement required if the property is not on the name of company going to incorporate.
Latest electricity bill or any other utility bill is required for the proof of address office of company but it can’t be older than 2 months.
Note: - For Foreign Nationals Notarized documents, passport-sized photograph, passport and address proof.
Benefits Of Getting Private Limited Company Registration
Limited liability: - Private limited company enjoys the benefit of limited liability which means shareholder are liable only extent to their capital contribution.
Distinct legal identity: - A private limited company posses and independent legal entity distinct from its directors and shareholders. It has the capacity to sell, buy anything on the name of company
Perpetual Legal Entity: - It has the feature of perpetual legal entity which means Director and shareholder may come and go but the company is going to run forever.
Tax benefits: - A private limited company enjoys the benefit of tax and has lower tax rate as compare to other entities.
Ease of funding: - Raising capital by issuing share to investors, venture capitalist, or angel investor is easier and also attract external investment.
Private Limited Company Registration Sample Document
Download Private Limited Company Registration Sample
Any individual, group of individuals, or corporate entities can register a Private Limited Company in India. There must be a minimum of two directors and two shareholders, with at least one director being an Indian resident.
The tax rate for Private Limited Companies in India is 25% on the net income if turnover does not exceed 400 crore otherwise tax rate is 30%, with an additional surcharge and cess if applicable.
A Private Limited Company is a type of business entity that is privately held and has limited liability. The liability of the members is limited to the amount unpaid on their shares.
Yes, a single person can start a Private Limited Company by registering it as a One Person Company (OPC).
Yes, a foreign national can be a director in a Private Limited Company in India, provided they obtain a Director Identification Number (DIN) and comply with the Foreign Direct Investment (FDI) guidelines.
The tax rate for Private Limited Companies in India is 25% on the net income, with an additional surcharge and cess if applicable.
It enjoys various benefits like limited liability, Separate legal entity, Perpetual succession, and many more.
No, private limited company cannot issue shares in public.
As per the rules government simply mention maximum of three persons can become a director without having a DIN so they will get there DIN through Spice+ form.
