Private Limited Company Registration
Ideal for start-ups who are going for funding & an ever expanding business
Starting At Rs. 5,999
SAVE 60% COST..!!!
(Takes 10-20 days)
Company Registration
What is Private limited company?
Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India. 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 their creditors. In a case of default, banks/creditors are allowed to sell only the assets of the company but they are not allowed to sell the personal assets of directors. If you want to start a company in India then make sure that your company is registered, because “Company Registration” is the foremost mandatory step for the beginning of a new venture. It is very important to get your company “Registered” because in the long run, it will provide you a great number of advantages such as “from registering in a hassle free manner to dissolving in a hassle free manner also.”.
Start-ups and growing companies prefer the tag of a “Private limited company” as it allows outside funding to be raised easily, limits the liabilities of it’s shareholders and enables them to offer employee stock options to pull in top talent.
Private Limited Company Registration can be done through Legalraasta (A Company registration agent) which has its offices in Delhi NCR, Mumbai, Bengaluru, Chennai, and other Indian cities. If you want to register your own company then you can completely rely on Legalraasta (Company registration services provider). We will assist you with all the technicalities such as “The formation procedure for a new company”. All the information, which is relevant to the “Company registration” procedure will be given to you by our experts.
Private Limited Company Benefits
- It is flexible and has limited liability.
- Greater capital contribution and greater stability.
- Possibility to grow big and expand.
What Is Included In Our Company Registration Package?
- DIN for 2 Directors
- DSC for 2 Directors
- Name search & approval
- MOA/AOA
- ROC Fees & Pan card
- Free Accounting Software & GST filing
Procedure For Company Registration
Complete our Simple Form
You need to fill our simple company registration form and submit documents for the formation of a company.
Obtain DSC and DPIN from us
After submitting your documents we will provide you with DSC and DPIN.
Verification and Name Approval
Details provided by you will be verified and then we shall apply for name approval.
Document Submission
We will create all the required documents and file them with ROC on your behalf.
Your work is completed
Once your company is incorporated, we shall send you all the documents and DSCs.
Documents Required For Company Registration
- Copy of PAN Card of directors
- Passport size photograph of directors
- Copy of Aadhaar Card/ Voter identity card of directors
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers(If owned property)
- Landlord NOC (Format will be provided)
Advantages Of A Private Limited Company?
There are multiple reasons to get your company registered as a “Private limited company”:
- Preferred by banks, VCs & investors.
- Easy to allocate and redistribute shares to investors or other directors.
- Separate legal entity which limits your liability.
- Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.
- Easy to register, manage & run.
- Easy to dissolve or wind-up.
5 Steps Involved In A “Company Registration” Procedure
1. Application of DSC & DPIN :
In the first step, all the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by the “MCA”. If the directors already have both the “DSC and DPIN”, then this step can be skipped.
2. Name search and filing ( 3 time ) :
You need to provide 3 different options for your company name to the MCA, of which one will be selected. Names provided should ideally be unique and suggestive of the company’s business.
3. MOA & AOA submission :
Once the “name” is approved, one needs to draft a “Memorandum of association” and “Articles of Associate”. Both MOA and AOA are to be filed with the MCA and the “Digital Signature Certificates (DSC)”, is mandatory to be attached with both of them.
4. Get incorporation certificate :
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification acts as a proof of the fact that the “company has been created”. It also includes your CIN number.
5. Apply for PAN, TAN and Bank account :
Then you need to apply for PAN and TAN. As both are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank, to open your bank account.
Minimum Requirements For Company Registration
Minimum 2 Shareholders
Minimum 2 Directors are required
Minimum 1 Lac Share Capital
DPIN for all the Directors
Atleast one Designated partner should be an Indian Resident
Concerns Related To Private Limited Company
- A “Pvt. Ltd Company” requires a few more ROC compliances, which then results into an additional cost of “Rs.5000 to Rs.10000/” per annum.
- The minimum capital amount required is Rs.1,00,000
- Private limited company can have a maximum of 200 members.
Still, all the aspiring entrepreneurs prefer the tag of a “Private limited Company” for obtaining certain benefits such as “ease in transfer of shares and a significant potential for future growth”.
Factors To Consider During The Selection Of The “Company Name”
The name of your company is of the utmost importance. It makes the first impression in the minds of your buyers, suppliers and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors which you should keep in mind while selecting “a name” for your company.
The name should be “Short yet Simple”
The name should be concise and precise. While choosing a name, make sure that “People are able to pronounce it easily”. And the company’s name should get registered in the minds of people when they hear it the first time itself.
The name should be “Meaningful”
The name of your company should be related to your business itself. It should fit the company’s branding. For example, Infosys refers to information systems or IT technologies.
The name should be “Unique”
Name of your company should not be identical to an existing company or trademark. You can go to “legalraasta.com”, to check if your company’s name is identical to others. You should ideally avoid using the “plural version” factor while selecting the name, For example: – “Flipkart’s” or changing just the letter Case or adding “space or a punctuation mark” in an existing company’s name.
Suffix
The name of your company should end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” is a case of a limited liability partnership.
The name “Should not be illegal / offensive”
The name of your company should not be against the law. It should not be abusive or against the customs and beliefs of any religion
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