Private Limited Registration

Register a Pvt Ltd Company

Company is a popular option to start a business in India by startups and businesses with higher growth aspirations. Pvt Ltd company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA). It is a registered corporate structure, that provides business a separate legal identity from its owners. Hence, providing key advantages like the ability to contract in its own name, and safeguard personal assets of the owners from business liabilities.

Pvt Ltd Company and LLP both are limited liability structures. However, companies offer certain key advantages, especially for startups. Ownership of the company is defined by share capital, which is easy to transfer compared to ownership transfer in LLP. Also, it clearly differentiates management and ownership. Hence, it is preferred by VCs, angel investors and banks for providing debt or equity funding.

However, one should also consider higher compliance and mandatory audit requirement, making it an expensive structure to maintain.

The process of company registration in India is revamped by MCA, effective from 26th January 2018. Now, registration of the company can be completed within 10-15 business days. Vallabh Consultancy employs qualified company secretaries and chartered accountants, who ensure highest customer satisfaction and timely delivery of service. Entire process is managed online, with regular communication and assistance available throughout. We have clients in all major cities of India including Mumbai, Delhi, Bangalore, Pune, Ahmedabad, Hyderabad and more. And, Our services have equally relevant reach within smaller cities and towns in the country.

Private Limited Company vs. LLP

Registration of Company is Simple with PCSP

Advantages of Private Limited Company Registration

Pvt. Ltd. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Easy Fund Raising

Separate Legal Existence

Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.

Easy Fund Raising

Pvt. Ltd. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Easy Fund Raising

Pvt. Ltd. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Documents required to register a Private Limited Company

PAN Card

PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.

Photograph

Latest Passport size photograph of Shareholders and Directors.

Rent Agreement

Rent Agreement of the registered office should be provided if any

Identity Proof

Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.

Director’s Address Proof

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

Note

In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled

Business Address Proof

Latest Electricity Bill/ Telephone Bill of the registered office address

NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

Formulation of Company Name

Unique Name

Mainly it builds the company brand and preferably be a coined word

Business Object

The second part of the name should suggest the business activity of the company

Constitution Type

Name of the company must end with “Private Limited” as a suffix

Online Registration

Register a Company in 3 Easy Steps

2. Experts available for Help

• Assigned Relationship Manager

• Procurement of Digital Signatures (DSC)

• Application for Company Name Registration

• Documents drafting including MOA and AOA

• Certificate of Incorporation

• Application for PAN and TAN.

3. Your Company is Registered

All it takes is 10 – 12 working days*

1. Answer Quick Questions

• Pick a Package that best fits your requirements

• Fill in our questionnaire that takes less than 10 minutes

• Provide basic details & documents required for registration

• Make payment through secured payment gateways

Day 1 - 2

• Review of documents and information provided

• Application for Digital Signature Certificate

Day 3 - 6

• Checking Name availability

• Drafting of MoA, AoA & other required documents

Day 7 - 9

• Name reservation application under SPICe

• Filing company registration application

• DIN allotment application

• Application for PAN and TAN of company

Day 10 - 12

Government processing time

Process to Register a Company in India

Frequently Asked Questions: Private Limited Company Registration

1. What are the minimum requirements to register a Private Limited Company?

• Directors: A minimum of 2 directors is required, with at least one being a resident of India.

• Shareholders: Minimum 2 shareholders, who can also be the directors.

• Registered Office: The company must have a registered office in India, which can be a residential address.

2. What is the minimum capital requirement?
There is no minimum capital requirement to register a Private Limited Company. However, an authorized capital amount (usually ₹1 lakh) is specified at registration.

3. How can I reserve the name of my company?
The name of the company must be unique and comply with the Ministry of Corporate Affairs (MCA) guidelines. You can reserve the name through the RUN (Reserve Unique Name) service on the MCA portal.

4. Can I be both a director and a shareholder in my company?
Yes, an individual can be both a director and a shareholder at the same time.

5. Who can become a director in a Private Limited Company?
Any person over 18 years of age with a valid Director Identification Number (DIN) can become a director. This includes both Indian citizens and foreigners.

6. What is a Director Identification Number (DIN)?
A DIN is a unique identification number required for individuals intending to be appointed as directors of a company. It is mandatory for all directors in India.

7. What is a Digital Signature Certificate (DSC)?
A Digital Signature Certificate is necessary for directors to sign documents electronically during the registration process. It is obtained from licensed certifying authorities.

8. What are Authorized Capital and Paid-up Capital?

• Authorized Capital is the maximum value of shares a company can issue.

• Paid-up Capital is the amount that has been paid by the shareholders in exchange for shares.

9. Can a Private Limited Company carry out multiple business activities?
Yes, as long as the objectives of the business are clearly stated in the Memorandum of Association (MoA), a Private Limited Company can operate multiple businesses.

10. Can I register a company at my residential address?
Yes, you can use your residential address as the registered office for your Private Limited Company, provided it is a valid address in India.

11. Can NRIs/Foreigners hold shares in a Private Limited Company?
Yes, both NRIs and foreigners can hold shares, subject to adherence to Foreign Direct Investment (FDI) regulations and specific conditions set by the Reserve Bank of India (RBI).

12. Does anyone need to be physically present for company registration?
No physical presence is required for the online registration process. However, Digital Signature Certificates (DSC) and valid documents must be uploaded.

13. What are the post-registration statutory requirements?

• Obtaining a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

• Filing annual returns with the Registrar of Companies (RoC).

• Holding Annual General Meetings (AGMs) and maintaining statutory registers.

14. What are the annual compliance requirements for a Private Limited Company?

• Filing annual returns and financial statements with the RoC.

• Conducting regular board meetings and maintaining minutes of meetings.

• Statutory audit of financial accounts.

15. What is the applicable tax rate for a domestic company?
For a domestic company with a turnover under ₹400 crore, the corporate tax rate is 25%. A reduced tax rate of 22% is also available under specific conditions.

16. What role do accountants and auditors play in a Private Limited Company?

• Accountants handle day-to-day financial transactions and prepare financial statements.

• Auditors are required to review the company's financial statements for compliance with statutory requirements and provide audit reports.

17. Can a Private Limited Company operate in multiple states?
Yes, as long as the company registers itself with the state tax authorities and adheres to local regulations for each state.

18. Can I change the company name after registration?
Yes, the company name can be changed post-registration by filing with the MCA. A special resolution must be passed by the shareholders.