PRIVATE LIMITED COMPANY REGISTRATION
| Basic | Advance |
|---|---|
| ✔ Company Registration | ✔ Company Registration |
| ✔ GST Registration | ✔ GST Registration |
| ✔ Udyam Registration | ✔ Udyam Registration |
| ✔ Annual ROC Compliance | |
| ✔ Audit Work | |
| ✔ Book Keeping | |
| ✔ GST Returns | |
| ✔ Professional Consultancy |
Private Limited Company Registration
Introduction of Private Limited Registration in India
Welcome to Bharat Filing Point!
We are your one-stop solution for all your business setup and registration needs in India.
At Bharat Filing Point, we understand the complexities of starting and running a business in India. That’s why we are dedicated to providing hassle-free and efficient services to help you navigate through the various legal requirements and regulations.
Do you have questions about how we can help your company? Send us an email and we’ll get in touch shortly.
- Mail: info@bharatfilingpoint.com
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What is Private Limited Registration?
Private Limited Registration is the process of legally incorporating your business as a Private Limited Company under the Companies Act, 2013. This business structure is popular among startups and small to medium-sized enterprises due to its numerous benefits, such as limited liability protection and ease of raising funds.
Key Benefits of Registering as a Private Limited Company
- Limited Liability Protection:
- Shareholders are only liable for the amount they invested in the company.
- Personal assets are protected in the event of the company’s insolvency.
- Separate Legal Entity:
- The company can enter into contracts, own assets, and incur liabilities in its own name.
- Enhanced Credibility and Trust:
- Adherence to stringent regulatory requirements and transparency boosts confidence among customers, suppliers, and financial institutions.
- Easier Access to Funding:
- Ability to issue shares and attract external investors.
- Tax Benefits:
- Lower corporate tax rates and the ability to claim various deductions and exemptions.
Importance of Private Limited Registration in India
Registering your business as a Private Limited Company in India offers a strategic advantage. It not only provides a legal framework for operating but also enhances your company’s credibility and opens up growth opportunities.
Procedure for Private Limited Registration in India
- Obtain Digital Signature Certificate (DSC):
- This is required for all proposed directors and shareholders.
- Apply for Director Identification Number (DIN):
- Each proposed director must obtain a DIN.
- Name Reservation:
- Choose a unique name for your company and apply for name approval from the Ministry of Corporate Affairs (MCA).
- Filing of Incorporation Documents:
- Submit the necessary documents, including the Memorandum of Association (MOA) and Articles of Association (AOA), to the Registrar of Companies (ROC).
- Obtain Certificate of Incorporation:
- Once approved, the ROC issues the Certificate of Incorporation, officially recognizing your company as a Private Limited Company.
- Apply for PAN and TAN:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for tax purposes.
Compliance and Maintenance
After registration, maintaining compliance is crucial for the smooth operation of your Private Limited Company. This includes:
- Annual General Meetings (AGMs)
- Filing annual returns and financial statements
- Adhering to statutory compliances like GST, Income Tax, etc.
Key Steps to Remember
- Ensure all documents are accurate and complete.
- Maintain regular communication with the Registrar of Companies.
- Keep abreast of any changes in regulatory requirements.
Eligibility Criteria
- Minimum of two shareholders and two directors.
- One of the directors must be a resident of India.
- No minimum paid-up capital requirement.
Why Choose Bharat Filing Point?
With a strong team of company secretaries, IT professionals, chartered accountants, and lawyers, Bharat Filing Point is committed to making the process of business registration and compliance as seamless as possible. Join thousands of satisfied customers who have benefited from our user-friendly platform and expert guidance.
Ready to register your business? Contact us today and let’s make your business dreams a reality!
Proprietorship vs Partnership vs LLP vs Company (Pvt Ltd)
| FEATURES | PROPRIETORSHIP | PARTNERSHIP | LLP | COMPANY |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | Sole Ownership | Min 2 Partners Max 50 Partners | Designated Partners | Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders For One Person Company 1 Director 1 Nominee Director |
| Registration Time | 7-9 working days | 7-9 working days | 7-9 working days | 7-9 working days |
| Promoter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
| Documentation | MSME, GST Registration | Partnership Deed | LLP Deed, Incorporation Certificate | MOA, AOA, Incorporation Certificate |
| Governance | - | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | Transferable |
| Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 | Form 11, Form 8, ITR 5 | ITR 6, MCA filing, Auditor'sappointment |
Documents Required for Private Limited Company Registration in India
To register a private limited company in India, a comprehensive set of documents is required for the process. These documents are essential for verifying the identity and address of the directors and shareholders, as well as for fulfilling legal formalities. Here is a consolidated list of documents required based on the information provided in the sources:
For Indian Nationals (Directors and Shareholders)
- PAN Card: Mandatory for all Indian nationals as identity proof.
- Proof of Identity: Any one of the following – Passport, Driver’s License, Election ID, Ration Card, or Aadhar ID.
- Address Proof: Recent utility bill (not older than 2 months), bank statement, telephone bill, or mobile bill.
- Residential Proof: Similar to address proof, documents like bank statements or utility bills that are not older than 2 months.
- Passport-sized Photographs: Required for all proposed directors and shareholders.
For Foreign Nationals or NRIs (Directors and Shareholders)
- Passport: Mandatory as identity proof. If the passport does not contain the date of birth, additional proof is needed.
- Address Proof: Notarized or apostilled documents such as Driver’s License, Bank Statement, or Residence Card. If in a foreign language, it must be translated and notarized or apostilled.
- Residential Proof: Similar to address proof, but must be notarized or apostilled and not older than 1 year.
Common Documents for All Directors and Shareholders
- Digital Signature Certificate (DSC): Required for at least one of the directors to sign electronic documents.
- Director Identification Number (DIN): Mandatory for all proposed directors.
Registered Office Proof
- Proof of Registered Office: Lease or rental agreement, along with rent receipts if the premises are rented. Utility bills like telephone, gas, electricity, etc., not older than two months, to prove the location of the office.
- No Objection Certificate (NOC): From the landlord if the registered office is rented.
Legal Documents
- Memorandum of Association (MoA) and Articles of Association (AoA): Essential documents outlining the objectives, rules, and regulations of the company.
Additional Documents if a Corporate Entity is a Shareholder
- Board Resolution: Authorizing investment in the company.
- Incorporation Certificate: Of the corporate entity.
- Address Proof: Of the corporate entity.
The process of registering a private limited company in India involves submitting these documents to the Registrar of Companies (ROC) along with the application for incorporation. The process is now streamlined and can be completed online through the Ministry of Corporate Affairs (MCA) portal.
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Private Limited Company FAQ’s
What is a Private Limited Company as per Indian laws?
A private business is a separate legal entity with perpetual succession and limited liability up to the amount of money invested. A shareholder is not personally liable for the debt and his personal assets will not be attached to pay it.
Can a small firm in India choose to register as a private limited company?
Yes, a small firm can register as a private limited company in India, which provides credibility and a positive image to suppliers, customers and financial institutions. It also facilitates easy access to loans and contracts.
What is the procedure for Private Limited Company registration in India?
Private Limited Company registration can be done through SPICe Plus (SPICe+), a web form that combines name reservation, incorporation, DIN allotment, PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and bank account opening.
How much does it cost to register a company?
The cost of registering a company in India varies according to the number of stakeholders and size. The Cost of Incorporation of a private limited Company would vary from depending upon the following:
How do I open a current account?
What is limited liability protection?
Restricted responsibility is the situation with being lawfully capable just for a restricted measure of obligations of an organization. Dissimilar to ownerships and associations, the responsibility of the investors regarding the organization’s liabilities is restricted.
What is authorized capital and paid-up capital?
Approved capital is the greatest worth of value shares that can be given by an organization. Then again, settled up capital is how much offers gave by the organization to investors. Approved capital can be expanded any time after fuse to give extra offers to the investors.
