Registration

Private Limited Company

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More About Private Limited Company

What is Private Limited Company?

Private Limited Company, the most popular legal structure for businesses, is an easy to form entity in India. Private limited company has a separate identity and liability is limited. A private limited company has a minimum of two members and a maximum of 200 members. The entire process takes 10 to 15 days, depending on whether you have the documents in order. 

Why Choose Private Limited Company Registration:

  • It is flexible and has limited liability.
  • A greater capital contribution and greater stability
  • The possibility to grow big and expand
  • It’s helpful to establish trust and brand Equity

Minimum requirement to incorporate Private Limited Company;

  • Minimum 2 Directors and Shareholders
  • The directors and shareholders can be same person
  • One of the Directors must be Indian resident
  • DIN (Director Identification Number) for all Directors
  • DSC (Digital Signature Certificate) for all Directors / Shareholders
  • The registered office of an OPC does not have to be a commercial space. Even a rented home can be the registered office, so long as an NoC is obtained from the landlord.

FAQ on Private Limited Company

There is required to be physically present during this process?

No, whole process are online and document also filing on electronically so it does required to be present physically. You required to send us scanned copies of all the required documents & forms.

How much time it will take to incorporate a private limited company in India?
If you send us all required documents in timely than it will not take more than 15 days but, this is dependent on the workload of the registrar.
What documents are required to incorporate a Private Limited Company?
As mention above.
Is it Compulsory to have a company’s books audited?
Yes, a private limited company must appoint an auditor, with regardless of turnover. In fact, an auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company, given that penalties for non-compliance can run into lakhs or rupees and even lead to the blacklisting of directors.
Who becomes a Director or shareholding in to the Private Limited Company?
Any individual/organization can become a member of a private limited company including NRI/foreigners. Nonetheless, the individual must be 18+ above in terms of age and should hold a valid PAN card
Can salaried person become a Director?
Yes, a salaried person can become the director in private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions.
Can Private Limited Company Conduct multiple Business?
Yes, Company can do multiple business if, it is mention and approved memorandum of association (MOA) by the registrar.
Does my business have some level of turnover to incorporate Private Limited?
This is not true; a Private limited company is one of the modes of doing business, which means it can be started from day one. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.
Can NRI/Foreigner become a Director and/or shareholder of the private limited company?
Yes, NRI/Foreigner Become a director subject to the allot the Director Identification number (DIN). To become a shareholder as per the FDI guidelines.
Applicable tax rate for the Company.

Company has to pay tax at Base rate + Surcharges + CESS. Base rate of the Company are as below:

Domestic Company not Availed any exemption or incentive
22%
Company Incorporate After 1st October 2019 and not availed any exemption or incentive

15%

If, any exemption or incentive are availed
25%
Any other Case
30%

Documents and Information Required for registration

Minimum Requirements

Documents of Proposed Directors/Shareholders Required:
1. Pan Card - self Certified Copy
2. Aadhar card -self Certified Copy
3. I’d proof (Driving License, Voter ID, Passport) -self Certified Copy
4. Address proof (Lightbill, Mobile Bill, Bank statement - not older than 2 month) -self Certified Copy
5. Two photo (Passport Size)

Information of Proposed Directors/Shareholders Required:
1. Education Qualification 
2. Current Occupancy 
3. Birth Place with District, Taluka, State
4. No of year stay at present address (year and month)
5. Email I’d
6. Contact no.

Specific Requirements

For Registered Office of the Company:

1. Electricity Bill / Telephone Bill / Mobile Bill (Not Older than 2 Months)

A utility bill, rent agreement or sale deed and an NOC from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well.

Advantages of a Private Limited Company

Points to make your decision easy

Steps involved in Registration of an Indian Private Limited Company

STEPS & TIME DURATION
1

Day 1-2

  • Collection of Basic Documents and Information's
  • Application for Digital Signature Certificate (DSC)

2

Day 3-4

  • Search Proposed Company Name Availability.
  • Draft Required Documents for registration of Company. 

3

Day 4-6

  • Application for Name Reservation
  • Filling a Forms for Registration of the Company.

4

Day 7-8

  • Getting a Incorporation Certificate (Registration Certificate)
  • Getting PAN, PF, ESIC, TAN Number