Fastest Private Limited (Pvt. Ltd.) Company Registration In India | Same Day Process
Register your startup as private limited company with Legal Vidur from any states of India. Our experienced (10 Yrs+) CA/CS will draft & complete all the documentations in same day.
Apply for Private Limited Company
What is Private Limited Company?
Private limited company is governed by MCA (Ministry of corporate affairs) under Companies Act, 2013. Private limited company can be registered with minimum of 2 directors and 2 shareholders, where shareholder and director can be same person. The maximum number of directors can be 15 and the maximum members can be 200.
The shares division depends on the percentage of the capital amount invested in a company. The profit is also divided as per the share holding of the shareholders.
Package
- Register your Private Limited Company at Ministry of Corporate Affairs
- Drafting & Filing by CA/CS
- Expert advice by CA/CS
- MCA processing and CIN
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
- GST registration
- The 1st Board Resolution documentation
- Consent Letter drafting and appointment of the Auditor
- Register your Private Limited Company at Ministry of Corporate Affairs
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
- Current Account Opening in your nearest branch
- MCA processing
- GST registration
- The 1st Board Resolution documentation
- Consent Letter drafting
- Appointment of the Auditor
- INC-20A commencement of business
- MCA annual return filing and DIR-3 Director KYC
- Register your Private Limited Company at Ministry of Corporate Affairs
- 1 Trademark Application
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
- Current Account Opening in your nearest branch
- MCA processing
- GST registration
- The 1st Board Resolution documentation
- Consent Letter drafting
- Appointment of the Auditor
- INC-20A commencement of business
- Income Tax Return filing
- Financial statements preparation
- MCA annual return filing and DIR-3 Director KYC
- GST Return filing for 12 months
Starting a business is the toughest decision one can take but it gives you the maximum fulfillment of your dreams and desires. Your decision to begin your entrepreneurial journey starts with the decision of selecting the right business structure to follow. Anyone can choose a private limited company to build a scalable business. It’s the most famous legal structure for the business with multiple benefits such as limited liability, separate legal entity, ease in share transfer etc.
The capital in a private limited company is the amount which shareholders are planning to introduce in the company. In a private limited company, the capital amount can be –
• Authorized share capital
• Paid up capital.
The minimum amount of authorized share capital, with which a company can initiate the registration process, is 1 lac INR. However, there is minimum cap on limit of paid up capital.
Just like any other company, private limited company also has a certain set of rules and guidelines which are confined in MOA and AOA.
Memorandum of Association (MOA) and Articles of Association (AOA) are the master documents of the private limited company determining the guidelines, mutual rights and duties between directors and shareholders. MOA comprises of 6 clauses –
• Name clause – under this the name of the company is specified. The name is selected as per the Rule 8 of Companies Act, 2013. It should not be identical to any existing company’s name or with any trademark.
• Registered Office clause – This clause helps to determine the state jurisdiction of Registrar of Companies.
• Object clause – In this clauses, one defines the object of the company. The object comprises of all the activities or work to be carried in the organization. The company involve in any activities outside their company’s object.
• Liability clause – under this clause, the liability of the shareholders is defined. In case of the company limited by shared, the liability of the members or the shareholders is restricted by the amount each member has agreed to contribute.
• Capital clause – This clauses defines the maximum number of share the company can issue
AOA (articles of association) defines the set of rules and regulations for the management. It lays down the internal guidelines to be followed in the organization. It consist of the rules regarding the transfer of shares, an audit of the company, voting rights of the shareholders, the appointment of directors, share capital etc.
Eligibility Criteria for Private Limited Company Registration
- The company can be incorporated with have minimum of 2 directors and maximum 15 directors.
- The number of members cannot be more then 200
- In case of foreign shareholders or directors, at least one director should be the citizen of India.
- Minimum share capital required to form up Private Limited Company is Rs1 lakh. However, there is no minimum cap on paid up share capital.
Documents Required
- Directors’ Board Meeting minutes
- Profit & Loss Balance Sheet of Pvt. Ltd./OPC
- Conclusions from the Annual General Meeting (AGM)
- Audit report
- Financial statement preparation
- Income Tax Return Filings
Pvt. Ltd. Company / One Person Company
- ADT – 1: Auditor Appointment
- AOC – 4: Annual Return Filing (within 30 days of Company’s AGM)
- MGT – 7: Annual Return Filing (within 60 days of Company’s AGM)
- DIR – 3: KYC of the Company Director(s)
- INC – 20A: Declaration for the commencement of business
- Financial statement preparation
- Income Tax Return Filings
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The Documents Required for Private Limited Company Incorporation
- Identity proof of all Directors (Aadhar card, Driving License, PAN card, Passport)
- Address Proof all directors (Voter ID card, Passport)
- Address proof of company registered office (Rent agreement, Possession letter etc.)
- Electricity Bill of the registered office building
- Bank statement/ passbook of the directors
- Trademark registration Certificate (if any)
Comparison
| Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm | |
|---|---|---|---|---|---|
| Act | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
| Registration Requirement | Mandatory | Mandatory | Mandatory | Optional | No |
| Number of members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
| Number of Director/Partner | 2 – 15 | Only 1 | 2 – Unlimited | 2 – Unlimited | Only 1 |
| Separate Legal Entity | Yes | Yes | Yes | No | No |
| Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
| Statutory Audit | Mandatory | Mandatory | Dependent | Not mandatory | Not mandatory |
| Ownership Transfer ability | Yes | No | Yes | No | No |
| Uninterrupted Existence | Yes | Yes | Yes | No | No |
| Foreign Participation | Allowed | Not Allowed | Allowed | Not Allowed | Not Allowed |
| Tax Rates | Moderate | Moderate | High | High | Low |
| Statutory Compliance | High | Moderate | Moderate | Less | Less |
How we Work?
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Benefits of Private Limited Company
- Limited Liability of shareholder
- Separate Legal Entity: Company legal entity are separate than its shareholders/promoters.
- Perpetual Existence
- Capacity to Sue and to be Sued
- A Private limited company can sale, purchase and own the property like individual on its own name.
- Private limited companies can easily avail financial assistance/borrowing from banks and financial institution compared to another form of entity.
- Easy funding from investors
- Continuity of existence
- Shields personal assets from business liability, limits liabilities of Directors.
- Private Limited Company is a unique identity, can own/acquire and alienate, property in its name. Property owned could be anything like copyrights, patents, machinery, building, intangible assets, land, residential property, factory etc.
- Ownership gets transferred by just transferring shares.
- Creates brand value as private limited structure is more transparent compared to other business structures.
Liabilities of a Private Limited Company
Each company in India has to follow a set of compliances as set by different other regulatory bodies. The ‘Company Annual Compliance’ regimes need companies to gather their business information and update the regulatory bodies such as Ministry of Corporate Affair (MCA), Income Tax Department other regulatory bodies.
Key Highlights of Private Limited Company
- Limited Liability – The limited liability shields the share holders from personal liability and protects from other risks and losses.
- Attracts more vendors as well as employees
- Procures good investment from reliable investors.
- Increases the potential to grow and expand
Frequently Asked Questions (FAQs)
Step 2: Application of DPIN
Step 3: Name approval
Step 4: Form SPICe
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
Step 6: PAN and TAN application
• Current account should be opened within 30 days of PAN registration
• Appoint a Statutory Auditor
• The paid-up capital should be deposited which was mentioned while registration
• Issue and allot shares
