Private Limited Company Registration !

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*Government Statutory fees would be charged seprately

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How to Register a Private Limited Company in India?

Today, the entire private limited company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and is processed at the Central Registration Centre (CRC).

Private Limited Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.

Incorporating a private limited company is a systematic process of collection and submission of details required as per the requirements of the Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same

Why Register a Private limited company?

Shields from personal liability and protects from other risks and losses.

Offers liability protection to protect your company’s assets

Attracts more customers

Greater capital contribution and greater stability

Procures bank credits and good investment from reliable investors with ease.

Increases the potential to grow big and expand

 

BENEFITS OF INCORPORATING A COMPANY

Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business:

  • Shield from personal liability and protects from other risks and losses

  • Attract more customers

  • Procure bank credits and good investment from reliable investors with ease

  • Offers liability protection to protect your company’s assets

  • Greater capital contribution and greater stability

  • Increases the potential to grow big and expand

Registration Procedure Of Private Limited Company

Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.

 

  • Step 1: Obtain DSC

  • Step 2: Apply for the DIN

  • Step 3: Application for the name availability

  • Step 4: Submission of MoA and AoA to register a private limited company

  • Step 5: Apply for the PAN and TAN of the company

  • Step 6: RoC issues a certificate of incorporation with a PAN and TAN

What to keep in mind while Registering a Private limited Company?

Two Directors

A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the business, at least one must be a resident of India

Unique Name

The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India. 

Minimum Capital Contribution

There is no minimum capital amount for a company. A company should have an authorized capital of at least

Rs. 1 lakh.

Registered Office

The registered office of a private limited company 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.

 

What Documents will you need to register your Company Online?

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

Scanned copy of Voter’s ID/Passport/Driver’s License

Scanned copy of the latest bank statement/telephone bill

Identity proof of director and

nominee(PAN card)

Scanned passport-sized photograph specimen signature

(Director Only)

Scanned copy of No-objection certificate from the property owner

Scanned copy of Sales/Property

deed in English (in case of owner

property)

How can we help in Registering your Private Limited Company in India?

The Private Limited Company registration process is completely online, so you don't even have to leave your home to get your entity registered. At RegisterKaro, we complete the entire private limited company registration online within 14 days.​

​RegisterKaro Private Limited Company Registration package includes:

  • DIN and DSC for two Directors

  • Drafting of MoA & AoA

  • Registration fees and stamp duty

  • Company Incorporation Certificate

  • Company PAN and TAN

  • ZohoBooks subscription

Frequently asked questions

What are the rules for picking a name for a private limited company?


The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.




How much time is needed for setting up a private limited company in India?


If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.




Do I need to be physically present during this process?


No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.




What documents are required to complete the process?


All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the owner of the registered office premises.




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. If you do not comply with the requirements, it will go dormant, until it is struck off the register altogether.




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


Yes, a private limited company must hire an auditor, no matter what its revenues. 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 of rupees and even lead to the blacklisting of directors.




What are articles of association and memorandum of association?


These documents contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.




Are two directors necessary for a private limited company registration?


Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a one person company, if you are the sole owner of the company.




What is the minimum capital needed to form a private limited company?


There is no minimum capital required for starting a private limited company.




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


Yes, a salaried person can become the director in a private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.




Can a limited liability partnership (LLP) be converted to a private limited company?


No, one cannot convert an LLP into a private limited company as it is not a MCA. The LLP Act, 2008 and the Companies Act, 2013, both don’t have any provisions on conversion of the LLP in a private limited company. However, if one wants to expand their business they can register a new private limited company with the same name. The LLP company needs to just issue a no objection certificate.




Can one register a private limited company on their home address?


Yes, the company can be registered at the owner's home address. A copy of the utility bill is required to be submitted.




If there are no partners available, then can one register their family members in the company?


Yes, it is good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors.




Does one have to be present in person for the incorporation of a private limited company?


The entire procedure is done online and one does not have to be present at our office or any other place for the incorporation. A scanned copy of the documents has to be sent via mail. They get the company incorporation certificate from the MCA via courier at the business address.




Can NRIs/foreign nationals become directors in a private limited company?


Yes, a NRI or a foreign national can become a director of a private limited company. He or she must obtain a DIN from the Indian RoC. They can also hold a controlling stake in the company. As long as at least one director on the board of directors is an Indian resident





The Glossary


Amendment

An addition to, deletion from, or a change of existing provisions of the articles of incorporation of a domestic corporation.

Board of Directors

The governing body of a corporation who is elected by shareholders. The directors are responsible for selecting the officers and the supervision and general control of the corporation.

Certificate of Incorporation

The title of the document filed in many states to create a corporation. Also known as the articles of incorporation.

DSC

The DSC (Digital Signature Certificate) is an instrument issued by certifying authorities by which you can sign electronic documents. As all documents needed are electronic.

DIN

Director Identification Number

 

Dissolution

The statutory procedure that terminates the existence of a domestic corporation.

Incorporation

The act of creating or organizing a corporation under the laws of a specific jurisdiction.

Limited Liability Company (LLC)

An artificial entity created under and governed by the laws of the jurisdiction in which it was formed. Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships.

 

Limited Personal Liability

The protection generally afforded a corporate shareholder, limited partner or a member of a limited liability company from the debts of and claims against the company.

 

Name Reservation

A procedure that allows a company to obtain exclusive use of a corporate name for a specified period of time.

 

Registered Office

The statutory address of a corporation. In states requiring the appointment of a registered agent, it is usually the address of the registered agent.