Legal Munshi

Private Limited Company Registration

@ RS. 6,999/- ALL-INCLUSIVE FEE | NO HIDDEN CHARGES

Get your Company Registration within 15 Days of complete documentation. The package of Rs. 6,999/- Includes DSC & DIN for two promoters, the Name Approval of the Company, Drafting of MOA & AOA, Followup with the registrar of companies until Issuance of the Certificate of Incorporation, PAN & TAN registration, Bank Account Opening Support.

Private Limited Company

Private Limited Company registration is the most popular legal option and is one of the highly recommended ways to start business in India.This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors.

Start-ups and growing businesses prefer private limited company as fund raising can be done easily, limits the liabilities of its shareholders and enables them to offer employee stock options. A registered private limited company is considered genuine and increases the authenticity of your business.

Minimum Requirements For Company Registration

Unique Business Name
Minimum 2 Directors and Shareholders are required.Minimum 1 should be Indian resident.
Minimum INR 100000 Share Capital
DSC and DIN for all the Directors


For further queries kindly refer our FAQ section

Benefits of Private Limited Company

Flexible & Limited liabilities:

  The responsibility of the directors of a private limited company is restricted to their share only as it is private limited company and it is a separate legal entity. It offeres Liability protection to protect your company’s assets protects from other risks and losses

Separate Legal entity:

 Private Limited Company is considered separate legal entity once it is registered as per Indian law. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties.

Management & Ownership:

  It is Easy to register, manage, run and dissolve a private limited company. It is very easy to allocate and redistribute shares to investors or other directors.Hence its is preferred by banks, VCs & investors.

Funds Management:

  A private limited company can raise funds from the debentures,hire talents based on employee stock options and also from stockholders.

Perform International:

  A private limited company supports for Foreign Direct Investment as other type of compaies/firms need different kinds of Licensing/Liaising/Approval.

Existence and Tangibility:

  A private limited company has a life existence where Private limited companies are also tangible in terms of relation with the shareholders.

Documents Required For Private Limited Company Registration

Business Documents

Latest Electricity Bill/ Telephone Bill of the registered office address.
No Objection Certificate to be obtained from the owner(s) of registered office
Rental agreement or sales deed or Property papers(Self-Owned)
In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled.

Directors or Shareholder Documents

Identity Proof-Aadhaar Card/ Voter identity card / Passport etc.
Address Proof-Latest Telephone Bill /Electricity Bill/ Bank Account Statement etc.
Latest Passport size photograph of directors with white background.
PAN Card


For further queries kindly refer our FAQ section

Stages For Company Registration

Stage 1. Application of DSC & DIN :

All the directors are required to have DSC for registration.DSC is Digital Signature used for returnsfiling.DIN stands for Director PIN issued by MCA. This step is only for first time registration.Once the director have both DSC and DIN,they can use the same for other company registrations.


Stage 2. Unique Name approval :

You need to have 3 name options for your company to be registered with MCA .It is ideal to have name related with the business type for better understanding.


Stage 3. MOA & AOA submission :

Once the name is approved from MCA, you need to make MOA Memorandum of Association and Articles of Associate AOA. Both MOA and AOA have to be filed with the MCA.


Stage 4. PAN & TAN Application :

As private limited company is separate entity,PAN is must for returns filing.Also TAN is necessary for TDS related work.


Stage 5. Get incorporation certificate :

MCA takes 15-25 days for Private Limited Company formation along with PAN and TAN.Once the company is formed, you will receive Certificate of Incorporation from MCA which is the proof of the company. It includes CIN number which is Company Identification Number and should be used whever the company name is mention.Also TAN and PAN number mentioned in the certificate.


Stage 6. Apply for Bank account :

Bank account is required to shareholder to deposit the initial capital. Every bank have list of documents for opening an account.

Procedure for Private Limited Registration with Legal Mumshi

Step 1 : Selection of Name

Decide the name for your business.

Step 2 : Complete Our Simple Online form

You have to provide the details in the form.One of our Expert will be in touch with you and guide you with the entire registration process.

Step 3 : Obtain DSC & DIN

After submission and verification of the details provided by you, we will apply and provide you with DSC and DIN.

Step 4 : Document Submission to MCA

We will verify the decided name.Upon approval,we will submit your documents with ROC for registration.

Step 5 : Congratulations!!!

Once the registration is done we will inform you and provide the incorporation certificate, DSC and DIN.

Pricing and Packages

Starter

Rs.6999/-

All inclusive Fees

Private limited company registration with 2 DSC(1 year-class 2), 2 DIN, 1 Name Approval, MOA & AOA Draft, 1 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN and TAN. Inclusive of all government fee and taxes.

Economy

Rs.15999/-

All inclusive Fees

Private limited company registration with 3 DSC, 2 DIN, 1 Name Approval, MOA & AOA Draft, 10 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN, incorporation kit, share certificates, and GST registration. Inclusive of all government fee and taxes.

Premium

Rs.19999/-

All inclusive Fees

Private limited company registration with 3 DSC, 2 DIN, 1 Name Approval,MOA & AOA Draft, 10 lakh authorised capital, incorporation fee and stamp duty*, incorporation certificate, PAN, TAN, incorporation kit, share certificates, GST registration, Udyog Aadhaar, and Trademark Application. Inclusive of all government fee and taxes.

FAQs on Private Limited

What is Private Limited Company Registration?

The Private limited company is considered the most popular legal structure option in India. Pvt Ltd. is incorporated under the Companies Act 2013 and it is governed by the Ministry of Corporate Affairs (MCA).

How long does it take to start a Sole Proprietorship?

A Sole Proprietorship takes maximum of 15 days to start functioning.This is the reason why is popular among the small trader, new business owners.

Do I need visit ROC or be present during this process?

No, the entire process is online.However you will have to provide the scan copy of all the required attested documents.

How much time is needed for private limited company registration in India?

If you have all the documents in order, it will take 15-25 days. It also depends on the ROC clearly time.

What documents are required for registration?

Kindly refer the procedure for registration section above.

What is Incorporation Certificate?

It is a certificate issued by ROC on successful registration of the private limited company.

What is a DSC & DIN?

Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates.Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated.

How much will I need to pay for registration ?

We at LegalMunshi charge only Rs.6,999 to carry out the process of registration of your Private Limited Company registration.

Does a private limited company have continuous existence?

Yes, so long as the annual compliances are met, the private limited company will continue to exist.

How much does it cost to run a private limited company?

The can be divided into 3 categories apart from registration cost: Acounting and auditing, Annual Compliance and Miscellaneous expenses. On a minimum side you can expect to spend Rs 50,000 yearly.

Who can be a Director of private limited comapny?

Anybody with minimum age of Eighteen (18+) years, having DIN (Director Identification Number) and a valid PAN card can become director.

Can the director of a private limited company be a salaried person?

Yes, a salaried person can become the director in private limited, LLP or OPC private limited company.However they should check with there employer for any discrepancy later.

Can NRI or Foreign Nationals become Director of private limited comapny?

Yes, a NRIs or Foreign National can become Director in a Private Limited Company. They need to get a DIN from the Indian ROC.

Are two directors necessary for a Private Limited Company Registration?

Yes, a minimum of two directors are required for a private limited company registration. The maximum directors can be 200. If you want to be sole director than you can register a One Person Company.

Is it mandatory to have minimum two directors?

Anybody with 18+ years of age , having DIN (Director Identification Number) cab become director.

What is the minimum capital required for Private Limited Company registration?

Minimum required capital of Rs. 100,000 to start a private limited company.

What are articles of association and memorandum of association?

It contain the rules, objectives of your organisation, the exact business and the roles and responsibilities of shareholders and directors etc.

What are the immediate requiremnts once the company is incorporated?

Within 30 days of registration of the company, one must open a current bank account with the subcribed paid up capital deposited,appoint a Statutory Auditor and last issue and allot shares.

Is it necessary to have a company’s books audited?

Yes, a private limited company must hire an auditor, no matter what its revenues.

Can the private limited company registered office address be my home address?

Yes, the company can be registered at your residential address and need to submit vaild utility bills.

What is the minimum capital required for Private Limited Company registration?

Minimum required capital of Rs. 100,000 to start a private limited company.

Can my family members be the director in the company?

Yes, a family member can be a director of the private limited company.

What are the types of private company?

Different types of private company are A company limited by shares, Unlimited company and A company limited by guarantee.

Can a Private Limited Company own and carry out multiple businesses?

Yes if it is mentioned in the MoA and approved by ROC than a private limited company can carry out multiple business .

What are the annual compliances to be completed by a Private Company?

First,The company must appoint an auditor. Second,The company should conduct at least one AGM (Annual General Meeting) and at least 4 board meetings (one in each quarter). Third,An auditor must audit the books of the company. Fourth,AOC-4 and MGT-7 must be filled as a part of annual compliance within the specified time.These are the basic compliances