Private Company Registration
About the service / Eligibility
- Minimum share capital requirement of a Private Limited Company is NIL
- Minimum 2 and Maximum 200 shareholders.
- Minimum 2 director, Maximum 15
- One Director must be a Resident Indian.
Estimated time to complete the work
- 10 Working Days from the date of receipt of documents.
Fee Details
- Service Fee: 12999 (Inclusive of GST)
- Estimated Service Completion Date: 10 Days from the date of receipt of Documents
- Estimated Service Completion Date: 10 Days from the date of receipt of Documents
- Note: The above price is inclusive of normal government challans & Stamp duty.
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T&C:
1) Additional Directors can be added for an additional price of Rs.999 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Director will be Rs.1999, inclusive of GST.
2) Authorised share capital (or) Issued share capital can be increased at any time by paying the additional stamp duties as may be applicable.
3) In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7,500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3,000 will be applicable.
Required Documents/Information
- Digital Signatures of all the directors.
- Self attested PAN Card & Aadhar Card copy of all directors and subscribers.
- Self attested ID Proofs of all directors & subscribers (Driving License/Voter ID/ Passport).
- Mobile Number and E-Mail id of the Directors.
- Passport Size Photo Copies of the Directors.
- Rental Agreement and Latest Electricity bill.
- Proposed NAMES of the Company - Any 2 Names.
- Description of proposed business activity and other additional activity which a company may pursue.
- Authorized and Paid up capital & sharing proportion of subscribers.
What we will deliver
- Certificate of Incorporation. (Company Registration Certificate).
- MOA (Memorandum of Association) & AOA (Articles of Association).
- PAN (Permanent Account Number) & TAN (Tax Deduction & Collection Account Number) for the Company.
- DSC (Digital Signatures Certificate) for 2 Directors.
- DIN (Director Identification Number) For Two Directors.
- Assistance in Current Account Opening.
FAQ's
What is authorized capital and paid-up capital?
Authorized capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid up capital is the amount of shares issued by the company to shareholders. Authorized capital can be increased any time after incorporation to issue additional shares to the shareholders.
What is limited liability protection?
Limited liability is the status of being legally responsible only for a limited amount of debts of a company. Unlike proprietorships and partnerships, the liability of the shareholders with respect to the company’s liabilities is limited.
How do I open a current account?
Once the company is incorporated, a current account needs to be opened in the name of the company for transactions. Your advisor will guide you through the process of choosing the bank that you want to open the account with and get the documents like certificate of incorporation, Memorandum and Articles of Association, board resolution, copy of PAN allotment letter, and utility bill.
Can NRIs or foreign national or foreign entities register a company in India?
Yes, NRIs, foreign nationals, and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to mandatorily be a part of the company on the Board of Directors.
How do I check the availability of names for my company?
You can use MCA (Ministry of Corporate Affairs) portal to check name availability.
Is GST registration mandatory at this stage?
GST registration is mandatory for certain businesses. Companies dealing with e-commerce operations or any other interstate activity and companies with turnover of more than Rs. 40 Lakhs are required to obtain the same.
What are the compliances of a Private Limited Company?
A company is required to maintain certain compliances once it is incorporated. An auditor needs to be appointed within 30 days and income tax filing and annual return filing need to be done every year. Apart from these, mandatory compliances like ‘Commencement of Business’ forms, and DIN eKYC also need to be done.
When is the statutory auditor to be appointed?
The Board of Directors is required to appoint a practicing Chartered Accountant within 30 days of Incorporating a Private Limited Company.
Which Form is to be filed for the ITR filing of Private Limited Company?
The Private Limited Companies that are registered in India have to file the ITR returns each year in Form ITR 6.
Which form is to be filed for filing the annual returns of a Company?
The companies registered in India are required to file the MCA annual return each year informs AOC 4 and MGT 7.
How many members are required to start a Private Limited Company?
Minimum 2 number of members are required to start a Private Limited Company which can be extended to 200 members.
How can ownership be transferred?
The ownership of a Private Limited Company can be transferred by the way of shares.
How are the Companies taxed? What are the tax rates?
Private Limited Companies are taxed at 30% plus the surcharge and cess as applicable.
Who governs and controls the functioning of a Private Limited Company?
The MCA and Companies Act,2013 controls the functioning of a Private Limited Company.
What are the benefits of registering a Private Limited Company?
There are various of registering as a Private Limited Company like Limited Liability, Access to funding, borrowing capacity, greater capacity, easy exit, and scope of multiple opportunities.
