Private Limited Company Registration


Ideal for start-ups going for funding & growing business

Ideal for start-ups going for funding & growing business

Starting At

Rs. 13,999 only (Onwards)

SAVE 60% COST!!!

(Takes 10-20 days)

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875-000-8585
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KNOW ALL ABOUT PRIVATE LIMITED COMPANY REGISTRATION

What is Private limited company?


Private Limited Company registration is the most popular legal structure option for businesses in India. 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 creditors. In a case of default, banks / creditors can only sell company’s assets but not personal assets of directors.

Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent. Private Limited Company Registration can be done through Legalraasta in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities

Choose Private Limited Company Registration because

  • 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 registration Fees

Company Pan Card

PROCEDURE FOR COMPANY REGISTRATION?


Free Company Name Search


Free Company Name Search


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 PRIVATE LIMITED COMPANY?


There are multiple reasons to choose 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 FOR COMPANY REGISTRATION


1. Application of DSC & DPIN:

First of 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 MCA. If the directors already have DSC and DPIN, then this step can be skipped.

2. Name approval:

You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business

3. MOA & AOA submission:

Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and

4. Get incorporation certificate:

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that 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. PAN and TAN 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

Minimum 1 Lac Share Capital

DPIN for all Directors

Atleast one Designated partner should be an Indian Resident

CONCERNS RELATED TO PRIVATE LIMITED COMPANY


  • Pvt. Ltd company requires few more ROC compliance translating into an additional cost of 5000 to 10000/annum
  • Minimum capital required is Rs.100,000
  • Private limited company can have a maximum of 200 members

Still, entrepreneurs prefer private limited for the ease in share transfer and potential for future growth.

FACTORS TO CONSIDER IN COMPANY NAME SELECTION


The name of your company is very important. It is the first impression to your buyers, suppliers and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors that you should keep in mind while naming for your company

Short & Simple

The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.

Meaningful

The name of your company should be related to your business. It should fit the company’s branding. For example, Infosys refers to information systems or IT technologies.

Unique

Name of your company should not be same or identical to an existing company or trademark. You can go to search.legalraasta.com to check if your company name is identical to others. You should ideally avoid plural version e.g., “Flipkart’s” or changing just letter Case, spacing or punctuation marks in an existing company 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.

Should not be illegal / offensive

The name of your company should not be against law. It should not be abusive or against the customs and beliefs of any religion.

 

FREQUENTLY ASKED QUESTIONS


Yes, you need a minimum of two directors for a private limited company. The maximum members can be 200. If you are the sole owner, you can register as a One Person Company.
Any individual/organization can become the member of the private limited company including foreigners/NRI. However, the individual must 18+ above in terms of age and should have a valid PAN card.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. They get the company incorporation certificate from MCA via courier at their business address.
There is absolutely no other payment. Our charges are inclusive of everything. We will send you an invoice with no hidden charges. Our team provides you support till you get your bank account.
Legalraasta.com can incorporate a Private Limited Company within 15-25 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
Yes, an NRI or Foreign National can become a Director in a Private Limited Company. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident.
You need to start the company with a minimum capital of Rs. 100,000. However, you neednot pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.
No, you don’t need a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office.
Well, you can get someone from your family or friend circle as the second direction and give them marginal share, e.g, 0.01%. You also have the option to register a One person company, but it will not be possible to add directors in OPC later.
A company is a legal entity and a different person established under the Act. A company is treated as a different person which can own property and have creditors or debts. The members (Shareholders/Directors) of a company will have no liability to creditors of a company in case the company is unable to pay the debts.

Yes, you as a salaried person can become the director in private limited, LLP or OPC private limited company. You need to check your employment agreement if that allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.

No, you can’t convert your LLP into a Private Limited Company as it is not MCA. Both the LLP Act, 2008 and the Companies Act, 2013 don’t have any provisions on conversion of LLP in a private limited company. However, if you want to expand your business you can register a new Private Limited Company with the same name as that of the LLP. The LLP Company just needs to issue a no objection certificate.

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