Get your company registered without stepping out of your house. Email us the required documents and let us do the rest.
We take pride in our error free platform aimed on satisfying our clients, if you are still not satisfied, we refund your money.
At Company Vakil your Company incorporations are handled by experts at every stage.
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
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
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.
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.
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.
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.
Registration of a Pvt. Ltd. company is a simple 4-stage process. The following the stages of registration:-
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.
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.
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:-
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!
Formation of a Pvt. Ltd. Company requires a minimum of 2 members thus making the formation flexible.
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.
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.
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.
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.
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.
A Pvt. Ltd. Company Registered in India is also easy to wind up and dissolve after startup India.
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.
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.
With New Company Registration rules, there is No Minimum Authorized Share Capital required for forming a Private Limited Company India.
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.
A Compulsory Audit has to be conducted in every financial year.
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.
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).
In a Pvt. Ltd. Company, profits are to be shared amongst larger number of people as it has many shareholders.
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)
Latest Bank statement/Utility bill in the name of director which should not be older than two months
ID Proof and Passport size photo
Scanned copy of Passport size Photograph, PAN Card & Aadhar Card of all directors / Voter ID / Passport / Driving License
Digital signature for two directors to digitally sign the documents
PAN Number of the Entity to open a bank account and for filling Income Tax Returns
Certificate of incorporation bearing company's registration number and details
Director Identification Number (DIN)
DIN - A unique identification number allotted to each director
MOA & AOA
Defines the Rules and Objectives of the Business
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.
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.
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.
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.
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.
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.
No office/physical Visits are required, it is a 100% Online Process, and all the necessary Documents will be exchanged through email.
Minimum 2 or Maximum 200 Shareholders are required for its incorporation.
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.
Minimum 2 and Maximum 15 Directors are required to incorporate a private ltd. in India.
Yes, you can become a Director. If the Employment Contract allows you to do so. There are no Legal Limitation in this regard.
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.
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.
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