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Rs. 7,999.00 Rs. 14,999.00

Private Limited Company

Private Limited Company registration (PLC registration) is a popular way to start a business in India. It offers benefits like limited liability protection to founders, separate legal existence, better credibility, and ease in raising external funds. Hence, Startups and progressive businesses, with higher risk and growth aspirations, prefer a company structure. It is registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013.

Company Details
Act Companies Act, 2013
Registration Requirement Mandatory
Number of members 2 – 200
Separate Legal Entity Yes
Liability Protection Limited
Statutory Audit Mandatory
Ownership Transferability Restricted
Uninterrupted Existence Yes
Foreign Participation Allowed
Tax Rates Moderate
Statutory Compliances High

Tags: privatecompany, business limited, starting, india

Register a Pvt Ltd Company

Company is a popular option to start a business in India by startups and businesses with higher growth aspirations. Pvt Ltd company is incorporated under the Companies Act of 2013 and governed by the Ministry of Corporate Affairs (MCA). It is a registered corporate structure, that provides a business a separate legal identity from its owners. Hence, providing key advantages like the ability to contract in its own name, and safeguard personal assets of the owners from business liabilities.

Private Limited Company vs. LLP
Pvt Ltd Company and LLP both are limited liability structures. However, companies offer certain key advantages, especially for startups. Ownership of the company is defined by share capital, which is easy to transfer compared to ownership transfer in LLP. Also, it clearly differentiates management and ownership. Hence, it is preferred by VCs, angel investors, and banks for providing debt or equity funding.

However, one should also consider higher compliance and mandatory audit requirement, making it an expensive structure to maintain.

Registration of Company is Simple with TaxClue
Registration of the company can be completed within 7-10 business days.
TaxClue employs qualified company secretaries and chartered accountants, who ensure the highest customer satisfaction and timely delivery of service.

The entire process is managed online, with regular communication and assistance available throughout. We have clients in all major cities of India including Mumbai, Delhi, Chandigarh, Bangalore, Pune, Ahmedabad, Hyderabad, Chennai, Kanpur, Lucknow, and more. And, Our services have equally relevant reach within smaller cities and towns in the country.

*Stamp duty on Share Capital for the state of Punjab, Kerala, Madhya Pradesh, and Karnataka is not included in the plan given above, it will be paid separately. 

Services Covered

Incorporation of Private Limited Company


GST Registration

PAN

TAN

Shop Act Registration

ESIC Registration

EPF Registration

DIN and DSC

Why Private Limited?

Protect from personal liability, other risks and losses.

Attracts more customers

Procures bank credits and good investment from reliable investors with ease.

Build Credibility

Advantages of Private Limited Company Registration

Easy Fund Raising

Pvt. Ltd. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Separate Legal Existence

Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.

Owners’ Limited Liability

The company’s obligation or debts of does not create a charge over the owner’s personal assets. Their liability stays limited only to the capital subscribed and unpaid by them.

Management and Ownership Separation

The separate ownership and management help both – the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in the form of voting.

Uninterrupted Existence

A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership. Perpetual succession is one of the most important characteristics of a company.

Transferability of Shares

Shares of a company limited by shares are transferable by a shareholder t any other person. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership. Filing and signing a share transfer form and handing over the buyer of the shares along with a share certificate can easily transfer shares.

Owning Property

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern. The shareholders are not the owners of the company’s property. The company itself is the true owner.

Capacity to Sue and be Sued

To sue means to institute legal proceedings against or to bring a suit in a court of law. Just as one person can bring a legal action in his/her own name against another in that person’s name, a company being an independent legal entity can sue and also be sued in its own name.

Documents required to register a Private Limited Company

PAN Card

PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.

Identity Proof

Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.

Director’s Address Proof

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

Photograph

Latest Passport size photograph of Shareholders and Directors.

Business Address Proof

Latest Electricity Bill/ Telephone Bill of the registered office address

NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

Rent Agreement

Rent Agreement of the registered office should be provided if any

Note

In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled

Formulation of Company Name

Unique Name

Mainly it builds the company brand and preferably be a coined word

Business Object

The second part of the name should suggest the business activity of the company

Constitution Type

Name of the company must end with “Private Limited” as a suffix

Process Flow

Register a Company in 3 Easy Steps

1. Fill the Questionnaire

  • Make a package that best fits your requirements
  • Make payment through secured payment gateways
  • Fill in our questionnaire that takes less than 10 minutes
  • Provide basic details & documents required for registration

2. Expert Advice and Help

  • Assigned Relationship Manager
  • Procurement of Digital Signatures (DSC)
  • Application for Company Name Registration
  • Documents drafting including MOA and AOA
  • Certificate of Incorporation
  • Application for PAN and TAN

3. Your Company is Registered

  • All it takes is 7 – 10 working days

Process to Register a Company in India

Day 1

  • Review of documents and information provided
  • Application for Digital Signature Certificate

Day 2 - 3

  • Checking Name availability
  • Name reservation application under SPICe+
  • Drafting of MoA, AoA & other required documents

Day 4 - 5

  • Filing company registration application
  • Application for ESIC and EPF of company
  • Application for PAN and TAN of company

Day 6 - 10

  • Government Processing Time

Compare different business structures to choose the right entity type
Private Limited Company LLP Registration One Person Company Registration Sole Proprietorship Firm Registration Partnership Firm Registration Section 8 Company Public Limited Company Registration Nidhi Company Registration
Act Companies Act, 2013 Limited Liability Partnership Act, 2008 Companies Act, 2013 No specified Act Indian Partnership Act, 1932 No specified Act Companies Act, 2013 Companies Act, 2013
Registration Requirement Mandatory Mandatory Mandatory No Optional No Mandatory Mandatory
Number of members 2 – 200 2 – Unlimited Only 1 Only 1 2 – 50 Only 1 Unlimited Unlimited
Separate Legal Entity Yes Yes Yes No No No Yes Yes
Liability Protection Limited Limited Limited Unlimited Unlimited Unlimited Limited Limited
Statutory Audit Mandatory Dependent Mandatory Not mandatory Not mandatory Not mandatory Mandatory Mandatory
Ownership Transferability Restricted Yes No No No No Unrestricted Unrestricted
Uninterrupted Existence Yes Yes Yes No No No Yes Yes
Foreign Participation Allowed Allowed Not Allowed Not Allowed Not Allowed Not Allowed Allowed Allowed
Tax Rates Moderate High Moderate Low High Low Moderate Moderate
Statutory Compliances High Moderate Moderate Less Less Less High High
Explore Private Limited Company Registration
Related Guide

Post Incorporation Compliances for Private Limited Companies

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