Private Limited Company Registration

interface

100% online process

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

interface

CompanyVakil Guarantee

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

interface

Most efficient Registration Platform

At CompanyVakil your registrations are handled by experts at every stage.

interface

Making registrations affordable and hassle free

Contact Us Now!

Private Limited Company Registration Cost with Breakdown

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

ConsultancyFREE

Company Name Availability search 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 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 form of privately held small business entity in India. The word 'Private' denotes that a Private Limited Company cannot invite the 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.

To register a private limited company, 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 Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Registering a private limited company is a crucial part. Registration provides a asset of advantages to the company.

Some of the salient features of a private limited company are limited liability, perpetual succession, corporate legal entity, trustworthiness, capital funding and raising, easy transferability, etc. Register a Pvt Ltd company from Jaipur, Mumbai, Bangalore, Tamilnadu, Gurugram, GOA, Haryana, Gujarat, West Bengal, assam, Pune, Kerala, Ahmedabad, Delhi, Indore, Kolkata, karnataka, maharashtra, uttar pradesh, telangana, coimbatore, patiala, chennai etc with Companyvakil.

Private limited form of incorporation is ideal for start-ups and growing businesses

Reasons to register a Private Limited Company

  1. Credibility
    Registering a Private Limited Company 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 brand uniqueness and also eliminates duplication in the market.
    A Private Limited Company 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 company.

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

  3. Protection of Personal Assets
    Registering the business as a Private limited company 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 the 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.
    Registered Private Limited Company attracts more investors as the registration process authenticates the existence of business.

Process for Private Limited Company Registration in India

The process for registration of a private limited company is a simple 4 stage process. The following stages are involved in the process 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 company are required to apply for the digital signature i.e. DSC.

  2. Obtain Director Identification Number (DIN)
    A registered Private Limited Company can convert its structure into a Public Limited Company. This helps to company 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 of the company. Ministry of corporate affairs allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

  3. Reservation and Approval of Name
    Once the DIN and DSC of the directors are obtained, a list of 1 to 6 proposed names of the company 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 company; It should be short & simple;
    3. The name shall be able to provide a distinct identity to the company; It should be short & simple; The name should not contain any word as opposed to public policy or prohibited;
    4. Once the application made is approved, the registrar shall reserve the same name for a period of 60 days.

  4. Certificate of Incorporation
    After the stage of Name Approval, a Memorandum of association and Articles of association for the company is drafted. Both MoA and AoA are charter document for a Private Limited Company. 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 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 company.

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

Minimum Requirements for Company Registration

  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. Minimum Authorised Share Capital Rs. 100,000 (INR One Lac).
  4. Proper documents.
  5. Unique name
  6. Memorandum of Association and Articles of Association
  7. Words “Private Limited” to be added as suffix to the name mandatorily

Advantages & Benefits of Private Limited Company

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

  2. Flexible Management
    A Private Limited Company apart from being easy to form is easy to register, manage and run. The registration process takes around 7 to 10 days and a company is ready to do its business. It offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.

  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 company’s liability only to the extent of the contribution made by such person.

  4. Perpetual Succession
    The company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing forever.

  5. Distinct Legal Entity
    A Private Limited Company is legal entity and artificial person established under the Companies Act. This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors. A member (Shareholders/Directors) of a company has no personal liability to the creditors of a company for company’s debts.

  6. Expansion and Convertibility
    There is a higher scope of expansion because it is easy to raise capital from the financial institutes. And a Private Limited Company can be converted into other forms of business as well; it can be converted into a Public Limited Company, Nidhi Company, etc.

  7. Dissolution
    A Private Limited Company is also easy to wind up and dissolve.

Disadvantages of Private Limited Company

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

  2. Share Transferability
    A 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. Further a shareholder must make an offer to the existing shareholders of the company before selling it to an outsider.

  3. Capital Requirement
    A Minimum Authorised Share Capital Rs. 100,000 (INR One Lac) is required for forming a Private Limited Company. This amount is to be deposited by the shareholder in decided share percentage in the bank account of company. Then the same amount can be used by the company for its operations.

  4. Restricted Access to Capital Markets
    A Private Limited 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 Private Limited Company has to conduct a Compulsory Audit every financial year.

  6. Selection of Name
    The availability of name becomes a problem as the applicants might not get the preferred name of the company as certain guidelines are to be followed while selecting the name of the company.

  7. Comparatively Complicated than LLP
    Formation of a Private Limited Company is comparatively complicated as well as costly as compared to the formation of a Limited Liability Partnership. (LLP)

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

Documents Required for Private Limited Company Registration

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 landlord (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

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

Address Proof

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

ID Proof for Company

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?

Digital Signature for Directors

DSC

Digital signature for two directors to digitally sign the documents

PAN Number

PAN Number

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

Incorporation Certificate

Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

Director Identification Number

DIN

2 DIRECTOR IDENTIFICATION NUMBER, a unique identification number alloted to each director

Rules and Objectives

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 the 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 company. Ministry of corporate affairs allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

5 to 7 days

NAME APPROVAL

Once we obtain the DIN and DSC of the directors, a list of 1 to 6 proposed names of the company will be will be submitted to MCA for approval. We will conduct a prior search for your name availability through our unique search portal. We get your company 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 and Articles of association for your company. 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 company.

About CompanyVakil

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.

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

We provide variety of services such as Company registration, trademark registration, copyright, udhyog aadhaar (MSME), GST registration, Import Export Code Registration etc. Register private Limited company online from Jaipur, Mumbai, Bangalore, Tamilnadu, Gurugram, GOA, Haryana, Gujarat, West Bengal, assam, Pune, Kerala, Ahmedabad, Delhi, Indore, Kolkata, karnataka, maharashtra, uttar pradesh, telangana, coimbatore, patiala, chennai etc with Companyvakil.

Why choose CompanyVakil

Legal Experts at your Fingertips – At companyvakil 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 – CompanyVakil 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 CompanyVakil we try to make the process of registration as convenient and seamless as possible. With options like trademark and company search bar it is a breeze for a user to search the right name for their company.

Customer redressal – We at CompanyVakil 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’s 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 Company 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 Company. NRI’s & Foreign Nationals can also Start and Manage a Private Limited Company 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. Company.


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

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


What is meant by Authorised Capital and Paid Up Capital?

Authorised 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 anytime after Commencement of a Company 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, its an Electronically Encrypted Signature unique to a particular person and has been made Mandatory by MCA for all the Directors of a Company.


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’s majorly a Pre – Requisite for getting Funding .
5. Can be converted into a public Limited as it Grows.
6. Limited Annual Compliance