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Registration of a Private Limited Company in India
Online Private Limited Company Registration
Online Registration of a Private Limited Company is now easy with Tax Robo's simple Pvt Ltd company registration process. Register today!
Our Mission and Goal: Tax Robo fosters Indian startups, offering end-to-end support from inception to scale-up. We prioritize seamless operations through statutory compliances, celebrating and amplifying client growth as trusted partners.
Maniraj Anantham - Founder
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What is a Private Limited Company?
A Private Limited Company is a distinct legal entity designed to facilitate business operations, offering several advantages to entrepreneurs. Here are its minimum requirements and steps to initiate the startup process:
Minimum Requirements:
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Directors: At least two directors are required to form a Private Limited Company in India. One of them must be a resident of India.
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Shareholders: A Private Limited Company must have a minimum of two shareholders and a maximum of 200 shareholders.
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Capital: There is no mandatory minimum capital requirement for a Private Limited Company.
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Registered Office: The company must have a registered office in India, which can be a residential or commercial address.
Why Choose a Private Limited Company for Registration?
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Limited Liability: Shareholders' liability is limited to their share capital contribution, protecting personal assets from business liabilities.
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Separate Legal Entity: A Private Limited Company enjoys a distinct legal identity separate from its owners, enhancing credibility and trustworthiness.
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Fundraising: Private Limited Companies have easier access to capital through avenues like equity funding and venture capital.
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Tax Benefits: They are eligible for various tax benefits and incentives offered by the government to promote entrepreneurship.
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Perpetual Succession: The company's existence is not affected by changes in ownership or the death of shareholders, ensuring continuity of operations.
Important Legal Registration Required for Pvt Ltd Company
Startup India Registration for Pvt Ltd Company
MSME Registration for Pvt Ltd Company
GST Registration for Pvt Ltd Company
IE Code Registration for Pvt Ltd Company
FSSAI Registration for Pvt Ltd Company
RERA Registration for Pvt Ltd Company
PF & ESI Registration for Pvt Ltd Company
Advantage Of Private Limited Company Registration
✓ No minimum capital is required to set up a private limited company. This means one can establish a firm with zero initial investment.
✓ To form a private limited company, you need only two registered directors. The number of members in the company can be increased to 200, thus 200 people can invest in a Private Limited Company.
✓ A private company is eligible to take benefit of registration under the Startup India Scheme of the Government of India. This scheme avails multiple benefits including Tax exemptions for recognized startups.
✓ As discussed before, partners and members are shielded from unlimited liability. In case of debts, each member is responsible for losses to the amount of their initial investment.
✓ A private limited company, just like LLP is a separate legal entity from its members. In case of losses, members are not directly responsible for bearing losses.
Step 1
Select your two directors mandatory for the company infusion and collect their important documents such as PAN Card, Proof of Address (Passport, Driver's license or Voter ID or Aadhar), and Proof of Residence (Bank Statement/Utility Bill, etc.)
Step 2
Apply for your Private Limited company's name approval under the Ministry of Corporate Affairs with up to 2 names of your choice. In case they are rejected, you can apply once more with 2 suitable names.
Step 3
Obtain DSC (Digital Signature Certificate) for both proposed directors of your company since it is required for the signing of the incorporation application
Step 4
Fill up the SPICE (INC-32) form for incorporation application with the Ministry of Corporate Affairs (MCA) SPICE stands for Simplified Proforma for Incorporating Company Electronically.
Step 5
File for PAN, TAN, and open Bank Account. Once you get an Incorporation certificate, your private limited company becomes officially active. Now you need to acquire the Company's PAN, and TAN, and open a Bank Account for trading activities.
Private Limited Company Packages
Basic Package
₹7499 .00
* All Exclusive
- MOA & AOA Drafting
- All Filing Fees Included
- Digital Signature Certificate 2 Years Validity (2 Persons)
- Name Approval
- PAN & TAN
- Incorporation Fees Authorised Capital Of Rs.10 Lakhs
- GST Consulting
- Incorporation Certificate & CIN
- Appoint First Auditor of the Company
- Open a Business Bank Account
- Free 3 Months "Accounts Robo" ERP Software
- Lifetime expert support
Family Auditor
₹14999 .00
* All Exclusive
- MOA & AOA Drafting
- All Filing Fees Included
- Digital Signature Certificate 2 Years Validity (2 Persons)
- Name Approval
- PAN & TAN
- Incorporation Fees Authorised Capital Of Rs.10 Lakhs
- GST Registration
- PF & ESI Registration
- Incorporation Certificate & CIN
- Share Certificate
- Appoint First Auditor of the Company
- Open a Business Bank Account
- Free GST Monthly Return 1 Month
- Free Tax Consulting
- Free 3 Months "Accounts Robo" ERP Software
- Lifetime expert support
Accounts Robo ERP Software for SME Business
Accounts Robo is a SaaS solution that can help you manage all your work processes. Starts with a simple and easy-to-use interface that helps you Automate Tasks like CRM, Sales, Billing, Accounting, Managing Projects & Inventory, HRMS, Website, and more!.
Accounts Robo's Modules
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GST Billing & Accounts Management
✓
CRM
✓ Sales Management
✓ Payroll
✓ HR Management
✓ Purchase Management
✓ Store & Inventory Management
✓ Manufacturing
✓ Website & Customer Portal
✓ e-Commerce
✓ Software Project Management
How to Choose a Unique Name for Company Registration as per MCA Guidance
Familiarize yourself with the MCA guidelines for company names. These guidelines specify rules and restrictions regarding the use of certain words, phrases, symbols, and formats for company names. Some common guidelines include:
- Avoiding offensive or obscene words.
- Not using words that imply government affiliation without proper authorization.
- Ensuring that the proposed name is not identical or too similar to existing company names or trademarks.
- Including a unique component that distinguishes the name from others in the same industry.
Generate a list of potential names that align with your business vision, values, and offerings. Consider using keywords related to your industry, unique brand elements, or combinations of words that reflect your company's identity.
Use the MCA's online portal to check the availability of your chosen name. The portal provides a search feature that allows you to verify if the name is already registered by another company. Additionally, consider conducting a domain name search to ensure the availability of a corresponding website domain.
Verify that the proposed name complies with all MCA guidelines and restrictions. Ensure that it does not contain prohibited words or phrases, does not infringe on existing trademarks, and is not misleading or deceptive in any way.
Incorporate a unique element into the name to make it distinctive and memorable. This could include a brand-specific word, acronym, location, or industry-specific term that sets your company apart from others.
Avoid using generic or overly descriptive terms that do not differentiate your company from competitors. Instead, opt for a name that is original and creative, yet relevant to your business niche.
If you're unsure about the legality or availability of a particular name, consider seeking legal advice from a qualified professional. A legal expert can help you navigate the complexities of company naming and ensure compliance with all regulatory requirements.
Knowledge of the Business
✓ Do you have previous experience in the same Business? how many years?
✓ Product analysis with the questions of whether the product is under any restricted sales in India eg. Cement, Steel.
Marketing Strategy
✓ Marketing strategy is available with target customers.
✓ Pricing of products and margin available in the product.
Growth of the Business
✓ Growth of the Business in India for the next 5 to 10 years.
✓ Feasibility report of the Business and products.
✓ Business plans and projected Financial Product for 5 years.
Funds – Working Capital
✓ Sufficient working capital required for running the Business for a minimum period of 3 months. The funds can be own funds or Bank funds.
✓ How many months of Investment in the Business have required, returns on investments, and working capital funds available for fixed expense months?
Private Limited Company Registration Process Online in India - Simple Steps
Step 1
Obtain Dsc for Directors And Apply Name Approval (After Check Company Name Availability)
Step 2
Incorporation Of Documents (Draft Sent To You For Confirmation)
Step 3
File Spice + Forms
Step 4
Get Incorporation Certificate, Pan, TAN & Bank Accounts
Documents Required For Incorporation Of A Private Limited Company
ID Proof
Indian National
• Self-attested copy of PAN
• Passport Size Photo
Foreign National
• Copy of Passport duly attested by Consulate of Indian Embassy or Foreign Public Notary.
• Passport Size Photo
Registered Office Proof
Copies of the utility bills:
• Telephone Bill, (not older than two months) or Electricity Bill etc. (not older than two months).
• If it is a rental property, we need to obtain the No Objection Certificate from owner of the Property.
Address Proof
Indian National
• Self-attested Address proofs like passport/Aadhaar Card /Voter ID.
• Telephone Bill/Bank Statement/ Electricity Bill etc. (not older than two months) or
Foreign National
Copy of Driving License/Utility Bill/ Bank Statement duly attested by Consulate of Indian Embassy or Foreign Public Notary.
Photo
Latest passport size photograph
Compliance After Incorporation Of Private Limited Company
Statutory Obligations
✓ File GST return every month without delay
✓ PF & ESI return filing
✓ TDS Payments & Return filings
✓ Advance Tax payments
✓ File Income Tax return by every year before due date
Compliances
✓ GST registration
✓ PF & ESI Registration if applicable
✓ Profession Tax registration
✓ Import & Export Code registration
✓ STPI Registration / SEZ registration
✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc
Accounts & Operations
✓ Open a Bank account with one Private Bank and one scheduled Bank
✓ Get one accounting software with GST facility
Performance
✓ Review Financial Products performance by every 3 months
✓ Compare the budget amount with actual Financial Products results