Private Limited Company

A private limited company is a corporation that is privately held for small businesses. The legal obligation of the members of a Private Limited Company in India is limited to the number of shares respectively which are held by each of the partners. The shares of Private Limited Company shall not be publically traded. Private Limited companies in India can be of three categories: Company limited by shares; Company limited by guarantee and Unlimited Company.

A Private Limited Company needs a few more ROC compliance translating into an additional cost of 5000 to 10000 per annum. The minimum capital required is Rs.100, 000 and a private limited company could have a maximum of 200 members.

Documents Required For Private Limited Company Registration

• Copy of PAN Card of directors

• Electricity/ Water bill (Business Place)

• Passport-size photo of directors

• Copy of Aadhaar Card/ Voter Id card of directors

• Copy of Rent agreement (for the rented property)

• Copy of Property papers (for the owned property)

• Landlord NOC

Steps for Private Limited Company Registration

1. Application of DSC and DIN:

Each and every one of the partners must apply for a Digital Signature and DIN. A digital signature is an online signature that is utilized for filing and DIN refers to the Directors PIN number issued through MCA for a Private Limited

Company Registration

2. Name approval:

The partners in a Private Limited Company are required to furnish 3 different options for the corporation name towards The Ministry of Corporate Affairs (MCA) of which one shall be selected. The names provided should also ideally be unique as well as suggestive of corporation business.

3. MOA and AOA submission:

When the name of the Private Limited Company is approved, an applicant is required to draft a Memorandum of association and Articles of Associate which is necessary for the Private Limited Company Registration.

4. Get an incorporation certificate:

It generally takes 15- 25 days to form a Private limited company in order to obtain the incorporation certificate. Incorporation certification is a confirmation that the corporation has been formed. It also comprises the CIN number.

5. Apply for PAN, TAN, and Bank account:

An applicant is then required to apply for PAN and TAN. PAN and TAN are generally received in 7 working days. After this, the applicant could submit the Incorporation certificate, MOA, AOA as well as PAN to a bank in order to open the bank account.

Private limited company registration in Delhi

The Pre-requisites for Private Limited Company Registration in Delhi include;

• 2 Directors

• 2 Shareholder

• Registered Office Address (Residential/ Non-Residential)

Procedure for Private Limited Company Registration in Delhi

• One must apply for Digital Signature Certificate (DSC) for the Private Limited Company Registration in Delhi.

• One must apply for Director Identification Number (DIN) for the Private Limited Company Registration in Delhi.

• One must apply for Name Approval with the Registrar of Companies (ROC), for the Private Limited Company Registration in Delhi.

• One must apply for Registration with the new SPICe INC-32 forms for the Private Limited Company Registration in Delhi.

• Then acquire the Registration Certificate.

Documents for Private Limited Company Registration in Delhi include;

• Memorandum of Association (MoA)

• Articles of Association (AOA)

• Declaration and Affidavit through directors and first subscribers

• Office Address Proof

• Utilities Bills’ Copy not beyond 2 months old (Electricity, Gas, Water Bills, etc.)

• Copy of approval in case the proposed name is comprising words/expressions required for authorization by the Central government for the Private Limited Company Registration in Delhi

• If the proposed name for the Private Limited Company India is based upon a registered trademark then it is compulsory to attach a trademark registration certificate or trademark application copy

• NOC from sole proprietors partners or associates or existing corporations is required for Private Limited Company India

• Proof of identity as well as the residential address of subscribers.

• Identity Proof as well as the proof of the residential address of the concerned directors.

Registration Process

Process of Registration

Step 1

Obtain DSC & DIN -- eStartIndia will apply for Digital Signature (DSC) and Director Identification Number (DIN) (about 1 – 2 working days)

Step 2

Name Approval -- eStartIndia will apply for company name approval (about 2 – 3 days)

Step 3

MoA and AoASubmission -- eStartIndia will prepare MoA and AoA(about 5 – 7 days)

Step 4

Certificate of Incorporation, PAN, TAN, Bank Account -- eStartIndia will file SPICeform for obtaining Certificate of Incorporation (CoI), PAN, TAN & Bank Account (about 10 – 12 days)

Step 5

Congratulations! Your work is done. You can download your Incorporation certificate and Incorporation kit from your dashboard after company incorporation. We also send your Incorporation kit & certificate on your registered email.

Package

Basic

6999 /-

Package Includes:

Free Company Name Search & 1 Name approval
Free Experts Advice
Up to 1 lakh authorized capital
2 DSC for Directors
DIN for 2 Directors
Incorporation fees, Stamp duty*
Incorporation Certificate
MOA & AOA
New Incorporation kit
Customized Incorporation master file
Company PAN card
Company TAN Number
Shares Certificate
Bank Account Opening Document support
Continuous Legal Supports

*Stamp duty extra depends on each state

*Charges extra for NRI/Foreign Directors- minimum 10,000/-

(All Inclusive)

Standard

7499 /-

Package Includes:

Private Limited Company Registration (Basic Package)
GST Registration

(All Inclusive)

Premium

9999 /-

Package Includes:

Private Limited Company Registration (Basic Package)
GST Registration
Trademark Filing(Professional fees)
MSME Registration

~~(12999)~~

(All Inclusive)

Comparison

Compare Your Business Requirements:

	Private Limited Company	One Person Company	Sole proprietorship	Limited Liability Partnership	Partnership Firm
Ideal For	Startup and growing Companies	Single promoters	Small Traders and Manufacturers	Professionals	Small business & Home Business
Requirements	2 Directors/Shareholders	1 Director/Shareholder	1 Proprietor	2 Partners	2 Partners
Initial Investment	Not Required	Not Required	Not Required	Not Required	Not Required
Tax Advantages	Few benefits	Few benefits	Minimal	Most efficient	Minimal
Compliances	High	High	Minimal	Low	Minimal
Limited Liability Protection	Yes	Yes	No	Yes	NO
Time Taken	5-10 days	5-10 days	2-5 days	10-15 days	5-10 days

FAQs

Is it mandatory to deposit Share capital at the time of company Incorporation?

No. Once the registration process is complete and the bank account is opened, share capital can be deposited anytime within two months.

Does a PVT LTD Company require renewal every year?

No. A PVT. LTD. Company continues existence until it is closed down officially by its owners.

Is it possible to change the address of the company post Incorporation?

Yes. The address of the company can be changed anytime post Incorporation.

Is it possible for PVT LTD Companies to trade shares?

No. A PVT. LTD. company by definition is a privately owned company and thus its shares are not open for trading in the public domain.

What is the qualification for an individual to be a shareholder or director of a PVT LTD Company?

There is no mandatory qualification for an individual to be a shareholder or director of a PVT. LTD. Company and any individual can become a shareholder or a director.

What is a DIN?

A DIN or the Director Identification Number is a unique number that identifies the director of a company. When any person is appointed as a company director, the DIN must be mentioned in the relevant documentation.

What is DSC?

A digital signature certificate or a DSC is an electronic signature of a person which is in encrypted form. DSC is used for the signing of e-forms (electronic forms) while filing documents for company registration.