Private Limited Company Registration is the most preferred form of company registration by most entrepreneurs in India. Private Limited Companies are those types of companies where the minimum number of members is 2 and the maximum number is 200 as per the new Companies Act, 2013. A Private Limited Company has all the advantages of a Partnership firm. It has the advantages of a Limited Liability Partnership with greater stability and legal entity. Private Limited Companies can avail loans easily from various financial institutions like banks.
Private Limited incorporation in India is made easier by the Ministry of Corporate Affairs. The earlier process of company registration has been modified. Now the new process is much simpler and in fast track mode. The SPICe form is used for registration. Experts at ANBCA have helped a number of entrepreneurs with Private Limited Company Registration in all major cities of India — Mumbai, Delhi, Bangalore, Pune, Chennai and more. Our services are reliable and quick.
Private Limited Company Registration Packages
| Basic – ₹5,800 (all inclusive) | Standard – ₹8,000 (all inclusive) | |
|---|---|---|
| Digital Signature (2 Year Validity) | 2 DSC | 2 DSC |
| Director Identification Numbers | 2 DIN | 2 DIN |
| Name Approval | 1 Name Approval | Name Approval |
| Authorised Capital Fees | Yes | Yes |
| Incorporation Fee | Yes | Yes |
| AOA & MOA | Yes | Yes |
| Registrations | PF & ESIC, PAN & TAN | PAN, TAN, PF, ESIC, GST |
| Accounting Software | Yes | Yes |
| Bank Account Opening | Yes | Yes |
| Auditor Appointment & INC 20A | — | Yes |
Minimum Requirements to Register a Private Limited Company
- Members: Minimum 2 members are required
- Capital: The minimum capital required to start the Private Limited Company is ₹1,00,000
- DIN: For 2 members
- DSC: Digital Signature Certificate will be required for all directors
- Address: Address proof like rent agreement / light bill for the registered address is required
- Indian Resident: A minimum of 1 director must be a resident of India
Advantages of Registration of a Private Limited Company
Distinct Legal Entity
A Private Limited Company has a distinct legal identity in the eyes of law. The act of the Company is different from the act of its members. Just like a natural human being, it has its own identity whereby it can enter into contracts in its own name and be the owner of properties.
Flexibility in Share Transfer
In case of a Private Limited Company it is easy to transfer interest in shares from one person to another, whereas comparatively, if we look into Proprietorship Firms and Partnership Firms, transferability of interest in the business is difficult.
Owner of Property and Assets
As a company has its own individual identity and is different from its members, it can own various properties and assets in its own name, and be a shareholder in any other company. In certain cases a body corporate can even be a 99% shareholder in any company.
Can Sue and Be Sued
As the Company is a completely distinct identity in the eyes of law, it has the ability to sue and get sued like a natural person. To sue means to initiate a legal proceeding against, or to bring proceedings in, the court of law. Thus it is a completely independent legal entity.
Limited Liability
The liability in case of a Company is limited as compared to Partnership Firms and Proprietorship Firms — especially if we look at Proprietorship Firms, where the liability of the Sole Proprietor is unlimited.
Easy Funds Raising
Private Limited Companies enjoy easy fund raising from various sources like issue of debentures or issue of various securities in the form of shares, and easy availability of loans from banks — whereas in case of Partnership or Proprietorship, raising funds is not so easy.
List of Documents for Incorporation of Private Limited Company
ID proof (directors’ details) & address proof:
- Passport / Voter ID / Aadhaar Card / Driving License
- PAN Card
- Last two months’ savings bank statement
- Passport size photo
- Light bill
What We Offer in Private Limited Company Registration
- Name Approval
- Certificate of Incorporation
- AOA & MOA
- PAN & TAN
- Digital Signature
- 2 DIN of Directors
- GST
- Accounting Software
- 10+ Premium Legal Agreements
Private Limited Company Registration Process
- Digital Signature — DSC for directors is mandatory.
- DIN Application — Making an online application to obtain the DIN, i.e. Director Identification Number.
- Name Approval — Making an application for the proposed name of the Company from options given by the directors.
- Incorporation through SPICe (Simplified Proforma for Incorporating Companies Electronically) — Making an application to MCA through the online SPICe process, whereby documents like the Memorandum & Articles of Association of the Company are submitted online through forms INC-33 & INC-34, promoting a paperless go-green concept, while simultaneously submitting all required documents, following up for the Certificate of Incorporation, and applying for PAN & TAN of the Company.
- Start Up the Company — Once the Certificate of Incorporation is obtained, the directors can commence business.
FAQ – Private Limited Company Registration
What are the minimum requirements for company incorporation?
- Minimum 2 directors (one must be an Indian resident)
- Registered address in India
How many days does it take for Private Limited Company Registration?
The overall process of company registration by ANBCA takes approx. 10 to 15 working days. The time varies on the basis of approvals by the MCA department.
Can NRI / foreign nationals become a director / shareholder in the company?
Yes. NRIs / foreign nationals can do company registration in India. However, there needs to be 1 resident of India as a director in the company.
Can an OCI card holder do company registration in India?
Yes. An OCI card holder can be a director in the company. However, there needs to be 1 resident of India as a director in the company.
Who is eligible to become a director in a company?
Any person above 18 years of age can become a director in a company — minors cannot become directors. Even NRIs / OCI holders can become directors in a company.
Can I start a company with my family member?
Yes, you can start a company with a family member. At a later stage you can simply change the shareholding / directorship as needed.
Can I incorporate a Private Limited Company at my residential (home) address?
Yes. Most entrepreneurs do company incorporation at a residential (home) address. Later on, as per need, the address can easily be changed.
Do I get physical copies of the Certificate of Incorporation, AOA, MOA from MCA?
No. Company documents such as the Certificate of Incorporation, AOA and MOA are provided by MCA in PDF format. No physical documents are sent by the MCA department.
Is GST registration mandatory for a Private Limited Company?
No. GST registration becomes mandatory only if turnover crosses ₹20 lakh for services / ₹40 lakh for supply of goods (₹10 lakh for North East states).
Does my Private Limited Company have any validity / renewal?
No. Registration of a company in India is for a lifetime. Hence there is no need for renewal.
