Private Limited Company Registration

INR 7,999 /- Exclusive of GST, No hidden Charges

Free Company Name SearchName Reservation
Free ConsultancyCertificate of Incorporation
2 DSC, PAN & TANCopy of MOA & AOA
DIN of 2 DirectorsShare Certificates
  •  Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim
  • Charges extra for NRI/Foreign Directors

Private Limited Company

7,999
  • No Govt.Fees
  • Company Registration in just 10-12 Days

Private Limited Company Registration in India

Your dream to start a business in India can’t come to realization if you don’t have a proper business entity to support it. A private limited company is the most prominent form of business entity in India. From veterans to novice, from budding start-ups to established entrepreneurs and from north India to south India, it is considered to be the best business entity.

Private Limited Company Registration Benefits

In order to start your business with such an entity, you need to go through the process of Private Limited company incorporation. Once you are successful with the process, you will get to enjoy the perks of a private limited company that include the following:

  1. Easy access to loans: For a business incorporated as a private limited firm, it is easy to acquire loans.
  2. Perpetual existence: Once the company is registered, it will be able to exist even after the owners have died.
  3. Separate legal entity: After you register a private limited company, the company itself becomes a separate legal entity.
  4. Ability to own property: As private limited company formation leads to the company becoming a separate legal entity.
  5. Tax benefits: A registered private limited company enjoys many tax benefits as well.

However, acquiring this business entity is no small task, for there are many requirements for private limited company.

Requirements for private limited company:

  1. Minimum two directors
  2. Minimum two shareholders
  3. At least one director should be from India
  4. Maximum 200 shareholders.

In order to keep up with these requirements, you need the assistance of the business experts. Additionally, the process of private limited company registration in India is something that only experts like CA or CS should handle.

Therefore, Abgps Advisory is here to help out. Our complete private limited company registration services shall ensure that you can setup your company and be on your way to success in no time.

Required Documents for Private Limited Company Registration

In regard to the Private Limited Company registration, following documents are needed:

  • Self-attested PAN card copy
  • One (Color) Photograph
  • Self-attested copy of any one of the Identity Proof like Driving License, Passport or Voter ID.
  • Self-attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill/ Mobile Bill or Electricity Bill.
  • For the Company Address proof Electricity Bill, Telephone Bill, Mobile Bill or Gas Bill AND Rent Agreement (If Rented) AND NOC for doing Business & for taking Registration.
  • Step 1
Receiving Documents & Apply, DIN & DSC
1-2 Days
 
  • Step 2
Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34)
3-5 Days
 
  • Step 3
Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34)
6 to 9 Days
 
  • Step 4
Certificate Of Incorporation, PAN & TAN
10 to 12 Days

What is Digital Signature Certificate and its role in company incorporation?

Giving by its name, it is basically a digital signature of a person and is needed for filing the e-forms of company setup electronically to Ministry of Corporate Affairs. Digital Signature Certificates or DSC or Digital Signature are being accepted by various government agencies and now is a statutory requirement in different applications. It is a useful way of electronically signing documents. 

What is the eligibility for becoming a company director?

An individual with a minimum of 18 years of age can become a director of a Private Limited Company. It is necessary for him to have Indian citizenship which means that even a foreign national can become a director.

Is the presence of promoters necessary at the time of company incorporation?

No, the promoters need not to be present at the time of company incorporation.

Is there any limit on the number of members to setup a Private Limited Company?

The limit in this kind of company incorporation is minimum two members and maximum two hundred.

What is the minimum capital requirement to register a Private Limited Company?

There is no minimum limit on the capital requirement.

How long it takes to setup a Private Limited Company?

It takes around 5 to 8 days to setup a Private Limited Company. The time to be consumed generally depends on the submission of necessary documents to respective authority and obtaining government approvals. It is suggested to pick a unique company name and furnish all required documents for speedy processing of application.

Can NRI/Foreigners obtain shares of a Private Limited Company?

Yes, with respect to Foreign Direct Investment (FDI) Guidelines a NRIs / Foreign Nationals / Foreign Companies can hold shares of a Private Limited Company.

What is the role of DIN (Director Identification Number)?

DIN is a unique Identification Number allotted to an individual who is appointed as a director of a company, upon making an application in form DIR-3 pursuant to section 153 & 154 of the Companies Act, 2013. It remains in force for the whole life of the person. Any person intending to become a director in an existing company shall file form DIR-3 and the same gets processed by Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs).

What is the option to choose a company name?

Primarily the name must be unique and simple, short and memorable. It is advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.

What is MOA and AOA?

‘Memorandum of Association’ abbreviated as MOA, is the basic document of the company, which contains all the general details about the company. On the other hand, ‘Articles of Association’ shortly known as AOA, is a document containing all the rules and regulations designed by the company. It outlines the ways in which shares are distributed, rules to be followed by the stakeholders, responsibilities of the individuals to the company etc. AOA is more flexible than MOA and acts as its preamble. The users may obtain approved e-MOA (INC-33) and e- AOA (INC-34) through certified copies facility available on MCA.

What is the Certificate of Incorporation of the Company?

Certificate of Incorporation (COI) is a legal document that is issued by Ministry of Corporate Affairs (MCA) once a company is successfully registered with them. The promoters can expected to receive the certificate within 6 to 10 days along with the TAN and PAN after uploading the Spice e-form INC-32, Spice MOA (INC-33), and Spice AOA (INC-34).

Do you know the statutory compliance for a Private Limited Company?

Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors etc. to the Registrar of Companies. Such compliances are required to be made once in a year.

As a part of Annual Filing, the following forms are to be filed with the ROC: Form MGT-7 (Annual Return) : Every Private Limited Company is required to file its Annual Return within 60 days of holding of Annual General Meeting. Annual Return will be for the period 1st April to 31st March. Form AOC-4 (Financial Statements): Every Private Limited Company is need to file its Balance Sheet along with statement of Profit and Loss Account and Director Report in this form within 30 days of holding of Annual General Meeting.

Define the responsibilities of a director?

A director is precisely an agent of the company, appointed by the shareholders to manage its day-to-day affairs. The basic rule is that the directors must act together as a board but generally the board may also delegate certain powers to individual directors or to a committee of the board. A director’s duties can include: determining and implementing policies and making decisions.

What is minimum and maximum limit on the number of directors in a Private Limited Company?

Minimum no. of directors is two and maximum are fifteen.

Is it possible for a Private Limited Company to own a property in its name?

A Private Limited Company can choose to attain, own, enjoy and isolate property in its own name. No shareholders are eligible to make any claim upon the property of the company as long as the company is a running entity.

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