Private Limited Company Registration
9,000/- (Excluding Government fees)
KEY POINTS TO REMEMBER
-The Shareholders of a Private Limited Company have Limited Liability.
-A Private Limited Company can raise capital by issuing shares to the public or by borrowing money from banks or other financial institutions.
-The company is managed by a board of directors elected by the shareholders.
-The name of a Private Limited Company must end with the words “Private Limited” or “Pvt. Ltd.
-Shares of a private limited company are privately owned and cannot be traded publicly.
-Completely online service - No physical Presence Required.
-A Private Limited Company can raise capital by issuing shares to the public or by borrowing money from banks or other financial institutions.
-The company is managed by a board of directors elected by the shareholders.
-The name of a Private Limited Company must end with the words “Private Limited” or “Pvt. Ltd.
-Shares of a private limited company are privately owned and cannot be traded publicly.
-Completely online service - No physical Presence Required.
Private Limited Company
Let us Understand what is Private Limited Company? and How it Registered in India?
What is a Private Limited Company?
Private limited company can be registered with Minimum 2 directors, 2 shareholders but Maximum 15 directors & 200 Shareholders. As per the Companies Act, 2013 no minimum Share capital required for incorporating Private Limited Company. Liability of directors and shareholders is limited up to the Extent of Capital Invested in case of Private Limited Company.
How to Register Private Limited Company in India?
Minimum 2 Members are required to Initiate registration of Private Limited Company . No minimum capital requirement is there, one can start with even Rs.10,000. Here are following three important points:
# DSC Preperation and online filling of Company Name Reservation : The first step is to Prepare DSC of all Proposed Directors. This takes sometime one to two days. Thereafter, we need to Submit Spice+form name Reservation. The first word of the name should be unique and name should end with the words “Private Limited.”
# File for Incorporation: After Successful Name Reservation of Proposed Company, the next step is to Proceed for Company Incorporation via Spice form INC 32,MOA,AOA etc. After Successful Submission of all ROC forms at MCA,it took approx 5 Days for Verification of all Proposed Directors and Company Documents and then Certificate of Incorporation will issued along with PAN & TAN No.
# Took GST Registration: After Successful Incorporation, access your business and take necessary Registration including GST Registration.
Know the basics
Learn the basics about Private Limited Company & its compliance
Documents Required for Company Registration
For Proposed Directors/Shareholders
- Self-attested PAN, Aadhar and last 3 months Bank statement of All proposed directors
- Self-attested voter ID card/ driving license/ passport of all directors
- Passport size photo of all proposed directors
- Email id & Mobile no. of all directors
- DIN of all directors (if already applied)
- Qualification of all directors
- Digital Signature of all Directors
For Registered Office
- Ownership Proof (Electricity bill etc)
- Utility Bill (Gas bill, Electricity bill)
- NOC (Format enclosed)
Private Limited Company Registration Process
Private Limited Company registration process is very simple with Tax2Know. The whole procedure is completely online and one need not visit our office physically to get the Company registration.
# Step 1 - Arrange all required documents: The first step is to arrange all the documents and send the same over the email to us. We will check it and if everything is fine, you will required to pay 50% advance.
# Step 2 - DSC, DIN and Name Approval: After receiving the required documents and 50% advance, we shall start your work. We will get the DIN, DSC and the name approval.
# Step 3 - File for incorporation: Once your name is approved, you will be required to pay the rest of the amount and then we will be file your companies incorporation. Once approval is granted, the incorporation work stands complete.
How to choose Company name for Pvt. Company Registration?
Appropriate Selection of Company name is the most important part of Registration, hence should be selected with utmost care. Here is the name format
ABC (Prefix) + Technologies (Suffix) + Private Limited (End)
# ABC - Prefix:The prefix should reflect your brand name and should be unique. I.e. no it should not match with any existing company or trademark. The example of prefix i.e. your first word is TATA, Reliance, Tax2know etc.# Technologies - Suffix:It is regarded as the second word of your company name. This should reflect your main proposed business. E.g., if you are into technology company, then write technology, for steel business, you can use TATA Steel Ltd.# Private Limited - End:These are the ending words which are mandated by law. Every private company shall end his name with Private Limited. The words indicate that Private meaning no public is involved and limited means capital is limited.
Further some other conditions of rule 8 of Companies (Incorporation) Rule, 2014 needs to comply with.
Mandatory Compliances after Company Incorporation
INC -20A(Certificate for Commencement of Business)
ADT-1(Appointment of First Auditor)
MGT-7(Filling of Annual Return)
AOC-4(Filling of Financial Statement and other Documents)
Board Meeting(Minimum 4 BM in a year)
