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Private Limited Company Registration

Ideal for start-ups going for funding & growing business

Starting At Rs. 5,999

SAVE 60% COST..!!!

(Takes 10-20 days)

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Procedure For Company Registration

Registering a Company is quick, easy, and can be done online with Legalraahi in 5 simple steps:

Complete our Simple Form

You need to fill our simple company registration form and submit documents for 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.

 

What is Private limited company?

Private Limited Company registration is the most popular legal structure option for 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 creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors. If you want to start a company in India then make sure your company is registered as Company Registration should be your first priority. It is very important to register your company as a registered company have multiple advantages from easy to register to easy to dissolve.

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(company registration agent) in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities. If you want to register your own company then you can totally rely legalraasta(company registration services provider). We will help you with company formation procedure and new company formations procedure. All the company registration information 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

Documents Required For Company Registration

  • Copy of PAN Card of partners
  • Passport size photograph of partners
  • Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
  • Landlord NOC (Format will be provided)
  • Copy of Property papers(If owned property)

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 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

  • 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.

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Frequently Asked Questions

Q. What is the minimum number of Partners required to start a Limited Liability Partnership?

At least two partners are required for LLP registration. The maximum partners can be 200. If you are the sole owner, you can register as a One Person Company.

Q. Who can become a partner in LLP?

Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.

Q. Do I have to be available in person to incorporate an LLP?

Our procedure is 100% online which means there is no compulsion for you to be present at our office physically. A scanned copy of documents can be sent to us via mail, and we will handle the rest. You will get the company incorporation certificate from MCA via courier at your business address.

Q. Once I pay for the incorporation, is there any other payment before I get the Incorporation Certificate?

We do not have any hidden charges. Our system is quite transparent. After making your payment, we will send you an invoice that is all-inclusive, with no hidden charges. Our team provides you support till you get your LLP bank account.

Q. How much money do I need to invest upfront in starting the business?

You need to have a bank account with a minimum balance, which could be as little as Rs. 5000. You need not invest any more capital in starting the business. You needn’t even deposit this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of LLP e.g, LLP registration expenses. You can also show this capital has been infused in form of assets such as computers etc.

Q. Can NRIs/Foreign Nationals be a Designated Partner in LLP?

Yes, but only after he has been assigned with DIN/DPIN. However, at least one designated partner in LLP must be a Resident of India. In fact, the foreign director can also be a majority shareholder in the company

Q. Can I register the LLP at my home address?

Yes, you can register your LLP 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. You just have to provide your home address proof such as rent agreement or electricity bill.

Q. Can a Salaried working person also become a partner in an LLP?

Yes, you as a salaried person can become a partner in an LLP. 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.

Q. Can I convert my Limited Liability Partnership (LLP) in a Private Limited 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.

Q. In which cities does LegalRaasta provide LLP formation services?

LegalRaasta provides LLP incorporation services across India in all cities. We have done LLP registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.