Updated on November 12, 2024 05:43:39 PM
Private Limited Company is the easiest and most authentic way of company incorporation in India. Most people choose this form of business registration because of its beneficial features like limited liability and separate legal entity for its shareholders and directors. More than 90% of registered companies in India are Private Limited Companies. It is the most popular form of company registration as it provides reputation and credibility to the business in the market. Get to know the process, fees, and requirements of Private Limited Company registration.
Pvt. Ltd. Company - Incorporation Certificate [Sample]
A Private Limited Company is a type of business entity that a small group of people privately and collectively holds. It is incorporated under the Ministry of Corporate Affairs. This type of business entity offers limited liability for its shareholders, and shares can only be traded privately. It has a minimum of 2 members and a maximum of 200 members. Shareholders are considered as the owners of the company, whereas directors are considered to be the key managerial persons (KMP) of the company, while in an LLP, partners are the owners as well as KMPs of the company.
Incorporating a Private Limited Company is the right choice, as it facilitates taxation benefits, credibility, business expansion, and quicker sanction of business loans. It promotes the easy way for capital formation and pooling of funds through members.
Let’s take a closer look at the benefits of Private Limited Company registration in India:
As per the Companies Act 2013, there are minimum requirements that need to be met for company incorporation online.
Minimum 2 directors
Unique business name
At least one director should be the resident of India
Registered office address
Here are the process of EPR Authorization:
As part of the company incorporation process, it is important to obtain a Digital Signature Certificate from the government for the online company registration Process. A DSC or a Digital Signature Certificate works as proof of identity of the director of the company and it is required to sign digital forms while registering for the company incorporation online.
Name application for Private Ltd. Company can be done using the SPICE RUN form, which is part of the SPICe+ form. The company's industrial activity code and object clause must be defined when applying for its name.
Note: It is important to ensure that the company name does not resemble the name of any other previously registered company, and that it does not contradict the laws of emblems and names. You can easily verify the name availability using our company name search tool.
After the name approval, the details of the company registration have to be drafted in the SPICe+ form on the MCA portal. It is a detailed Proforma for registering a private limited company online in Delhi. You are required to fill in all the details mentioned below.
SPICe e-MoA (INC-33) and e-AoA (INC-34) are the forms which have to be drafted while applying for online company registration in Delhi. MoA is defined under section 2(56) which tells about the objectives and goals of the company and AoA is defined under section 2(5) of the Companies Act, 2013, which defines the internal working and management structure of the company.
Post approval of the aforementioned documents from the Ministry of Corporate Affairs, the department will issue documents such as PAN, TAN, Certificate of Incorporation, etc.
The process of registering your company as a Private Limited Company is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your company online in 3 easy steps:
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your incorporation registered in 10-15 working days
In order to register your private limited company in India, you need to provide proper identity and address proof. These documents are required for directors and shareholders of the company which will be submitted to the Ministry of Corporate Affairs (MCA) portal.
Note: It is not mandatory to own a commercial business premise for incorporation. One can use their home address proof for registration of the company.
Certificate of Incorporation Sample
Pan Card Sample Documents
Tan Sample Documents
AoA Certificate Sample Documents
MoA Certificate Sample Documents
DIN Certificate Sample Documents
DSC Sample Documents
Master data Sample Documents
The total cost of Private Limited Company registration in India, including government and professional fees, starts from ₹9,499 and takes around 7-10 working days.
Steps | Fees (Rs.) |
---|---|
Digital Signature Certificate Fee | ₹3,000 |
Government Fee(Stamp Duty) | ₹2,500 |
Professional Fee | ₹3,999 |
Total Cost | ₹9,499* |
Note: The aforementioned Fees is exclusive of GST.
Also Check - State wise Registration Fees of Pvt Ltd Company in India
On average, it takes around 7-10 working days to register a private limited company in India subject to document verification by MCA.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
You can easily register your private limited company by arranging all the required documents and fulfilling the requirements as per the Companies Act, 2013.
In order to register your private limited company in India, you need to provide identity and address proof of all the members along with address proof of the registered office.
Note: You don’t need a commercial place for registration, you can use your residential home address for incorporation.
No, GST is not mandatory for private limited companies.
There is no minimum capital requirement for private limited company registration. One can start a company with a share capital of as low as ₹10.
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