Private Limited Company Registration in India

Company Name Registration in India by Company Vakil

100% online process

Get your company registered without stepping out of your house. Email us the required documents and let us do the rest.

Company Vakil Guarantees for Pvt Ltd Registration in India

Company Vakil Guarantee

We take pride in our error free platform aimed on satisfying our clients, if you are still not satisfied, we refund your money.

PVT LTD CO. incorporation India just got simpler with Company Vakil

Most Efficient Company Registration Platform in India

At Company Vakil your Company incorporations are handled by experts at every stage.

Company Vakil Experts help you incorporate Pvt. Ltd. entity in India

Making Company registration in India affordable and hassle free

Contact Us Now!

PRIVATE LIMITED COMPANY REGISTRATION COST in india WITH BREAKDOWN

Before we Submit your application, we do a basic company name check and inform you of any direct conflicts so that your name has a better chance of succeeding

ConsultancyFREE

Co. Name Availability Check FREE

Government FeeRs 1300.00

2 DSCsRs 2000.00

Stamp DutyRs 500.00

Notarization CostRs 1010.00

Professional fees Rs 5100.00

TotalBuy Now Rs 9910.00

*Above mentioned government fees for registration of private Limited is calculated on minimum capital of Rs 1,00,000.
Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh
Charges extra for NRI/Foreign Directors, or Foreign shareholding companies. Timelines would also be significantly higher

Private Limited Company Registration in India

A company is an association of persons who share a common goal. A Private Limited Company is a corporate legal entity. It is one of the most popular and easy to incorporate and is a privately held business entity in India. The word 'Private' denotes that a Pvt. Ltd. Co. cannot invite general Public to purchase its Shares and the word 'Limited' denotes that the Liability of the Shareholders and Directors is Limited.

This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares. It has a Minimum of two members and a maximum of 200 members. It is governed by the Companies Act, 2013, Ministry of Corporate Affairs, and the Companies Incorporation Rules, 2014.

For private limited company registration in India, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a the same with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Registering a private limited company in India is a crucial part for any business. It provides an asset of advantages to an Entity.

Some of the salient features of a private limited company in India are limited liability, perpetual succession, corporate legal entity, trustworthiness, capital funding and raising, easy transferability, etc. Register a Pvt. Ltd in India with help of Company Vakil Experts today. Private limited form of incorporation is ideal for start-ups and growing businesses

REASONS TO REGISTER A PRIVATE LIMITED COMPANY in India

  1. Credibility
    Registering a Pvt. Ltd. Co. facilitates credibility of the business. Nowadays, customers, vendors and investors look for credibility in the business entity before dealing. It creates a professional image and boosts the business value. Most importantly, registration ensures a certain degree of brand uniqueness and also eliminates duplication in the market.
    A Pvt. Ltd. Co. has more credibility than a sole proprietorship or a partnership firm. The registration process authenticates the existence of business thus improving the credibility of the corporation.

  2. Convertibility
    A registered Private Limited Company India can convert its structure into a Public Limited Company. This helps to have a broader access to the market.

  3. Protection of Personal Assets
    Pvt. Ltd. Formation allows limited liability. In case of a wind up, only the assets of the business can be taken away by the creditors. They cannot touch any personal assets of the members.

  4. Funding
    For any new business enterprise, funding is a very crucial aspect of establishing, maintaining and growing a business. For a business to grow quickly, it needs to have all types of funding which can be made available.
    A Registered Private Limited Company attracts more investors as the registration process authenticates the existence of business.

PROCESS FOR PRIVATE LIMITED COMPANY REGISTRATION IN INDIA

Registration of a Pvt. Ltd. company is a simple 4-stage process. The following the stages of registration:-

  1. Obtain Digital Signature Certificate (DSC)
    The first and foremost step involves the procuring of the digital signature certificate which is nothing but e-signature certificate which is issued by the Certifying Authority in token form and is valid for 1 or 2 years. All the proposed directors of the Pvt. Ltd. are required to apply for the digital signature i.e. DSC.

  2. Obtain Director Identification Number (DIN)
    A registered Pvt Ltd Company in India can convert its structure into a Public Limited Company. This helps the corporation to have a broader access to the market. Directors Identification number is a unique eight-digit number which is a mandatory requirement for all the directors. Ministry of corporate affairs allots a DIN to every director with a lifetime validity.

  3. Reservation and Approval of Name via RUN (Reserve Unique Name) Form Once the DIN and DSC of the directors are obtained, a list of 2 proposed names under the RUN (Reserve Unique Name) form for Pvt. Ltd is submitted to MCA for approval. Some of the considerations before selecting the name are:-

    1. The name should be easy to spell and remember;
    2. The name shall be able to provide a distinct identity to the entity, It should be short & simple.
    3. The name should not contain any word as opposed to public policy or prohibited.
    4. Once the application submitted through Reserve Unique Name Form (i.e. RUN Form) is approved, the registrar shall reserve the name for a period of 20 days.

  4. Certificate of Incorporation
    After the stage of Name Approval, a Memorandum of association (MoA) and Articles of association (AoA) is drafted. Both MoA and AoA are charter documents for a Pvt. Ltd. Company in India. All the incorporation documents need to be submitted with the prescribed e-form SPICe-INC- 32 along with the AoA, MoA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to the applicant by the Registrar under his seal and signature.

    The Certificate of Incorporation (COI) issued will include the date of incorporation as well as the Permanent Account Number (PAN) of the entity.

    The applicant is now ready to start his/her business!

MINIMUM REQUIREMENTS FOR COMPANY REGISTRATION in India

  1. A minimum of 2 Shareholders and 2 Directors are required for the registration, where directors and shareholders can be same.
  2. Minimum 2 Persons & Maximum 200 Persons.
  3. There is No Minimum Authorized Share Capital but it is advisable to keep a minimum capital of ₹ 100,000 (INR One Lakh).
  4. All Required documents ( Clear and on provided format )
  5. Name should be unique ( For the stage of name approval)
  6. Memorandum of Association and Articles of Association
  7. Words “Private Limited” to be added as suffix to the name is mandatorily

ADVANTAGES & BENEFITS OF PRIVATE LIMITED COMPANY in india

  1. Easy Formation
    Formation of a Pvt. Ltd. Company requires a minimum of 2 members thus making the formation flexible.

  2. Flexible Entity
    Private Limited Company Registration in India is not only easy to form, but is also easy to manage and run. The registration process takes between 7 to 10 working days. It offers the flexibility of a partnership firm and the advantages of a Public Ltd Co.

  3. Limited Liability
    The liability of each member or shareholders is limited. This means that as a shareholder one will be liable to pay for liability only to the extent of the contribution made by such person.

  4. Perpetual Succession
    The entity always exists in the eyes of law even in case of death, insolvency or bankruptcy of any of its members. This leads to perpetual succession of the entity. The life of the corporation exists forever.

  5. Distinct Legal Entity
    A Pvt. Ltd. Co. is a legal entity and artificial person established under the Companies Act. This means that though Member (Shareholders/Directors) are responsible for the management of the company. A member has no personal liability to the creditors for company’s debts.

  6. Expansion and Convertibility
    There is a higher scope of expansion because it is easy to raise capital from financial institutes, angel investors, Venture Capitalist or any other external investment. A Pvt. Ltd. Co. is also flexible to be converted into other forms of business such as Public Limited Company, Nidhi Company, etc.

  7. Dissolution
    A Pvt. Ltd. Company Registered in India is also easy to wind up and dissolve after startup India.

DISADVANTAGES OF PRIVATE LIMITED in India

  1. Procedural Compliance
    A Private Limited has Legal formalities throughout the year like Filing of Annual Returns, Income Tax Filings, Meetings, Records of Meetings, Invitation for the Meetings, Shareholders Meetings, Separate Directors Meetings, GST return filling etc.
    Avoiding the Legal formalities will result in high penalties and even imprisonment of Directors.

  2. Share Transferability
    Private limited Company restricts transferability of shares by its articles. Shares cannot be sold or transferred to anyone without the consent of the Board of Directors. In case of selling shares to an outsider a shareholder must make an offer to the existing shareholders of the corporation before selling.

  3. Capital Requirement
    With New Company Registration rules, there is No Minimum Authorized Share Capital required for forming a Private Limited Company India.

  4. Restricted Access to Capital Markets
    A Pvt. Ltd. Company cannot get its shares listed in any stock exchange through initial public offerings. With this restriction, private limited companies may find it difficult to attract outside investors to buy the shares.

  5. Auditing
    A Compulsory Audit has to be conducted in every financial year.

  6. Selection of Name
    The availability of name becomes a problem certain guidelines are to be followed while selecting the name, we at Company Vakil have made it simple with our Company name search tool.

  7. Comparatively Complicated than LLP
    Procedure for Registration of Pvt Ltd. Company in India is comparatively complicated as well as costly in comparison to a Limited Liability Partnership (LLP).

  8. Profit Sharing
    In a Pvt. Ltd. Company, profits are to be shared amongst larger number of people as it has many shareholders.

DOCUMENTS REQUIRED FOR Online COMPANY REGISTRATION in India

All the Documents are required only in scanned form, you can attach the document in the form after payment or email it to us on documents@companyvakil.com. Feel free to get in touch for any query.

  • Passport size photograph of applicant;
  • Self-attested Address proof of applicant
  • Self-attested PAN card of applicant
  • Copy of ownership deed or sale deed (if you own the premises)
  • Copy of latest utility bills, such as electricity bill or telephone bill as proof of registered office. (Not older than 2 months)
  • Copy of rent agreement with No Objection Certificate (NOC) from the property owner (if office premise is rented).
  • Affidavits for non- acceptance.
  • No Objection Certificate (NOC), if there is a change in the original subscribers of MOA. Subscriber Sheets of MoA and the AoA.
  • Proof of Nationality which is needed if the subscriber is a foreign national.
No Objection Certificate NOC for Company Registration in India

Registered Office Proof

No Objection Certificate (NOC) from the owner. Utility bill (not older than two months) and Notarized Rent agreement (if it is a rented property)/Registered Proof or House Tax Receipt (in case of owned property)

Address proof for Private Limited Company Registration India

Address Proof

Latest Bank statement/Utility bill in the name of director which should not be older than two months

ID Proof for registering your Entity

ID Proof and Passport size photo

Scanned copy of Passport size Photograph, PAN Card & Aadhar Card of all directors / Voter ID / Passport / Driving License

WHAT WILL YOU GET after Company Registration?

Digital Signature of Directors for Company Formation in India

DSC

Digital signature for two directors to digitally sign the documents

PAN Number for Company Incorporation in India

PAN Number

PAN Number of the Entity to open a bank account and for filling Income Tax Returns

Company Incorporation Certificate issued by ROC

Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

Director Identification Number issued to director of a Pvt Ltd. Co.

Director Identification Number (DIN)

DIN - A unique identification number allotted to each director

Memorandum of Association and Articles of Association drafted for Pvt LTd. Co. Registration

MOA & AOA

Defines the Rules and Objectives of the Business

total time taken

1 day

DIGITAL SIGNATURE CERTIFICATE (DSC)

DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company are required to apply for a digital signature (DSC), it is necessary for digitally signing the electronic incorporation documents.

1 day

DIRECTOR IDENTIFICATION NUMBER (DIN)

Directors Identification number is a unique eight-digit number which is a mandatory requirement for all the directors of the proposed corporation. Ministry of corporate affairs allots a DIN to every director of the entity with a lifetime validity without which one cannot be a director.

5 to 7 days

COMPANY NAME CHECK & APPROVAL

Once we obtain the DIN and DSC of the directors, a list of 2 proposed names for the entity will be submitted via a RUN Form (Reserve Unique Name Form) to MCA for approval. We will conduct a prior detailed check for your name availability through our unique name search tool. We get your name approved subject to availability and naming guidelines.

5 to 7 days

INCORPORATION DOCUMENTS

After the stage of Name Approval, we draft a Memorandum of association (MoA) and Articles of association (AoA) for your corporation. All the incorporation documents need to be submitted with the prescribed e-form SPICe - 32 along with the AoA, MoA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to you. During which, we will apply for PAN and TAN of your newly commenced entity.

About Company Vakil

We are India`s one stop tech legal registration platform aimed on making legal registrations efficient and affordable to end user, i.e. individuals, entrepreneurs or business owners.

Company Vakil with the help of technology and experts such as lawyers, Chartered accountants, company secretary makes Company registration error-free and seamless.

We provide variety of services such as Company registration, trademark registration, copyright, udyog aadhaar (MSME), GST registration, Import Export Code Registration etc. and with help of Company Vakil you can do an Online Company Registration from any Part of India.

Why choose Company Vakil

Legal Experts at your Fingertips – At Company Vakil all your queries are handled by experts at every stage, we have a team of lawyers, chartered accounts and company secretary to help you till your service is fulfilled

Money Back Guarantee – Company Vakil believes strongly in Customer satisfaction, and all our associates and professionals make sure you are provided with all the information required at every stage. Yet if you are not satisfied with the service provided we shall refund you the money.

Seamless Process – Through Company Vakil we try to make the process of registration as convenient and seamless as possible. With free tools like trademark and company name check – it makes it easy and convenient for you to select and finalize the unique and right name for your brand.

Customer redressal – We at Company Vakil give upmost importance to customer’s satisfaction, that said we have a customer redressal team setup that outranks every other legal portal in the country, with an option to chat with our CEO if our team fails to fulfill your query.

FREQUENTLY ASKED QUESTIONS

Private Limited Company

Do I Physically need to visit your Office or the whole process can be done Online?

No office/physical Visits are required, it is a 100% Online Process, and all the necessary Documents will be exchanged through email.


How many Shareholders can be there in a Pvt Ltd. Co.?

Minimum 2 or Maximum 200 Shareholders are required for its incorporation.


Who can be a Director in a Pvt Ltd. Co.?

Any Individual beyond the age of 18 Years can be a Director in a Pvt Ltd. NRI’s & Foreign Nationals can also start and Manage a Private Limited in India as there is no Restriction on Citizenship or Residential Status.


How many Directors are required to commence the Pvt. Ltd. Co.?

Minimum 2 and Maximum 15 Directors are required to incorporate a private ltd. in India.


Can an already employed person be a Director in a Company?

Yes, you can become a Director. If the Employment Contract allows you to do so. There are no Legal Limitation in this regard.


What is meant by Authorized Capital and Paid up Capital?

Authorized Capital is the maximum Amount of Equity Share that can be issued by a Pvt. Ltd. Co. and Paid UP Capital is the total amount of Shares issued to the Shareholders. Authorized Capital can be raised any time after Commencement of an Entity to issue more Shares to the Shareholders.


What is a DSC i.e. a Digital Signature Certificate?

DSC is considered an Identity of a Directors, it is an Electronically Encrypted Signature unique to a particular person and has been made Mandatory by MCA for all the Directors.


Why Should a Startup Choose a Pvt Ltd. Company?

Pvt Ltd. Co. is Considered as the best option for any Startup because of the following Reasons:-

1. It shows a Startup’s Credibility and a Long Term Business Goal. 
2. Limited Liability i.e. it is limited to the Value of Shares Allotted 
3. Minimum 2 Directors/Shareholders are required to incorporate a Pvt. Ltd. Co.
4. It is a Pre – Requisite for getting Funding. 
5. Flexible – In future can be converted into a public Limited Company’s
6. Limited Annual Compliance