Private Limited Company Registration
Ideal for start-ups who are going for funding & an ever-expanding business
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Starting At Rs. 5,999
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SAVE 60% COST..!!!
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(Takes 10-20 days)
Company Registration
What is a 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 and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).
The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India. “Company Registration” is the foremost mandatory step for the beginning of a new venture. Registering your company is important.
As in the long run, it will provide you a great number of advantages. And some examples of that are “from registering in a hassle-free manner to dissolving easily also.”. “Start-ups and growing companies” prefer the tag of a “Private limited company”.
More about Private Limited Company
The liabilities of its shareholders become limited when they can raise outside funding in an easy manner. They also offer stock options to their employees (so that top talent can be brought into the company). 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) because we will assist you with the all the technicalities such as “The formation procedure for a new company”. Our experts will provide all the relevant information related to the “Company registration” procedure.
Private Limited Company Benefits
It is flexible. And has limited liability
- Greater capital contribution and greater stability
- Possibility to grow big and expand
Our Company Registration Package Includes
DIN for both the directors
DSC for the same
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
You will receive documents and DSCs, upon the incorporation of your company.
Documents Required For Company Registration
PAN Card of all the directors
Passport size photographs of the same must be shown
Either the “Aadhaar Card or the Voter identity card”, has to be presented during the process
If the company property is on rent then the rent agreement is to be shown
One of these two:- Electricity/ Water bill but any of them must be of the business place only
Property papers (owned)
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 other directors/ people who have invested money in the company.
Acts as a 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
The company can be very smoothly dissolved
5 Steps Involved In A “Company Registration” Procedure
- Application of DSC & DPIN:
In the first step, all the partners have to apply for a Digital signature and DPIN. Digital signature refers to an online signature used for filing. And DPIN refers to the Directors PIN number issued by the “MCA”.
If the directors already have both the “DSC and DPIN” then this step can be skipped.
- Name approval:
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.
- MOA & AOA submission:
Upon name approval, one must draft both MOA and AOA, so that they can be filed with the MCA. Also, it is mandatory to attach the “Digital Signature Certificates (DSC)” with both of them.
- Get the 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).
- Apply for PAN, TAN, and Bank account :
Apply for PAN and TAN (both are received in 7 working days), then make sure to submit the Incorporation certificate, MOA, AOA and PAN with a bank, to open your bank account.
Minimum Requirements For Company Registration
A minimum of 2 Shareholders must be present, during the whole process
There should not be less than two directors, as it is a compulsory requirement.
1 Lac Share Capital is the pre-determined minimal amount
DPIN for all the directors
At least 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. Also, it should, therefore, be relevant, suggestive and attractive, along with that there are various factors which you should keep in mind while selecting “a name”.
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”. When people hear the company’s name for the first time, it must get registered in their minds.
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. Which means that it cannot be abusive or against the customs and beliefs of any religion
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Updates as on February 09, 2021
- February 09, 2021, According to the MCA database, at the end of December 2020, there were13.1 lakh active companies, as against 11.8 lakh at the end of 2019, representing an increase of 11 per cent.
- November 24, 2020, PUBG India is now officially registered and approved as a Private Limited Company, by the MCA, with a Corporate Identity Number (CIN) and a registered office in Bangalore. The PUBG Mobile Game is also set to re-launch in India soon.
- 19 August, 2020, As per the monthly figures shared by the Ministry of Corporate Affairs, registration of new companies in India reached 16,487 in July 2020, which is the highest since January 2013.