Online Private Limited Company Registration in India, all from the comfort of your home.
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Bring your business idea to life with Legal Art. Our professionals can assist you with online company registration. Simply share your documents with us online, and we will handle everything, including delivering all legal papers and setting up the company's current bank account.
What is a Private Limited Company?
A private limited company is one of the most highly recommended ways to establish a business in India due to its provision of limited liability for shareholders and well-defined ownership limits.
For startups, private limited company registration is often the first choice because it offers the easiest way to raise funds from investors.
Technically, a private limited company is privately owned and operated by small and medium enterprises. The liability of the business is limited to their shareholdings, the number of shareholders is capped at 200, and the company's directors and shareholders can be the same individuals or different people.
This type of company incorporation provides firms with a legal personality that is independent from its owners, directors, and shareholders. Consequently, it offers essential benefits such as the ability to contract in its name and the protection of the owner's personal assets from company liabilities.
What is a Private Limited Company?
How can I register for an online private limited company?
Registering a company is easy with the help of Legal Art professionals.
First, you'll need at least two eligible individuals to act as directors and shareholders of the company.
Company registration is quick and straightforward, accomplished online in just three simple steps:
Step 1: Consult our advisors, who will guide you through the document requirements for company incorporation.
Step 2: We assist you in choosing the right company name based on availability.
Step 3: We prepare and file the necessary ROC forms (DIR, MOA, AOA, COB, etc.) and register your company with the Ministry of Corporate Affairs (MCA).
Why Choose Private Limited Company Registration?
Online company registration offers numerous benefits that enhance the legitimacy and stability of your business. Here's how it can help your business:
1. Company Listing under MCA Records: Being registered with the Ministry of Corporate Affairs (MCA) provides official recognition and credibility to your business.
2. Protection from Personal Liability: Registering your company limits personal liability, protecting your personal assets from business debts and obligations.
3. Favorable Tax Rates: Compared to sole proprietorship firms, registered companies often enjoy lower tax rates, contributing to greater financial efficiency.
4. Separation of Directors and Shareholders: Registered companies allow for a clear distinction between directors and shareholders, providing flexibility in management and ownership.
5. Enhanced Customer Trust: A registered company tends to attract more customers due to the perceived reliability and professionalism associated with formal registration.
6. Access to Financing: Registering your company makes it easier to secure bank loans and attract investments from reputable and trustworthy investors.
7. Liability Insurance: Registration often includes liability insurance, which safeguards your company's assets in case of unforeseen circumstances or legal issues.
8. Diversity and Stability in Capital Contribution: Registered companies can benefit from greater diversity in capital contribution from shareholders, leading to increased financial stability.
9. Ability to Scale and Expand: With formal registration, your company gains credibility and legal standing, enhancing its ability to grow, expand, and compete in the market.
Eligibility for Online Company Registration
Before proceeding with private limited company registration, it's crucial to ensure that the qualifying requirements outlined by the Companies Act of 2013 are met.
1. Minimum Two Directors:
A private limited company must have a minimum of two directors, with a maximum of fifteen. Additionally, at least one director must be a resident of India. If you lack two directors, you can opt for one person company registration.
2. Unique Company Name:
The company's name must be distinct and unique, avoiding any similarity with existing registered Indian companies or trademarks.
3. Minimum Capital Contribution:
There's no mandatory minimum capital requirement, and you can incorporate a company with as little as Rs. 1/- paid-up capital. However, the company must be registered with a minimum authorized capital of Rs. 1 Lakh.
4. Registered Office:
The proposed company must have an address within the state where you intend to register the private limited company. The registered office doesn't necessarily have to be a commercial location; even a rented house can serve as the registered office, provided the landlord furnishes a letter of authorization.
By ensuring compliance with these requirements, you can proceed smoothly with the registration process, laying a solid foundation for your private limited company.
Benefits of Private Limited Company Registration
Registering your business as a private limited company offers numerous advantages, making it a favorable choice for entrepreneurs. Here are some compelling reasons to consider:
1. Preference of Banks, Venture Capitalists, and Investors:
Private limited companies are often favored by banks, venture capitalists, and investors due to their structured governance, limited liability, and potential for growth.
2. Ease of Share Assignment:
Shares in a private limited company can be easily assigned and redistributed among directors and individuals who have invested in the company. This flexibility facilitates efficient capital management and incentivizes investment.
3. Blend of Flexibility and Benefits:
Private limited companies combine the flexibility of a partnership with the benefits of a public limited company, offering a balanced framework for business operations and growth.
4. Reduced Risk of Dissolution:
Compared to other business structures, private limited companies typically face lower risks of dissolution. The robust legal framework and limited liability structure contribute to the company's longevity and stability.
By registering your business as a private limited company, you not only gain access to financial support and flexibility but also mitigate risks, ensuring the sustainability and prosperity of your enterprise.
Documents required for Private Limited Company Registration
When it comes to company registrations, the document requirements are straightforward and easily accessible. You'll need the following documents to be submitted under the Ministry of Corporate Affairs (MCA):
Documents of the Company's Director:
1. Photo: Recent photograph of the director.
2. PAN (Permanent Account Number): Unique identification number assigned to the director.
3. Aadhaar: Aadhaar card of the director for identity verification.
4. Address Proof: Any of the following documents serving as proof of address:
- Bank Statement
- Electricity Bill
- Telephone Bill
- Mobile Bill (Any one, not older than 2 months).
5. Proof of Identity: Any of the following documents serving as proof of identity:
- Driving License
- Voter ID card
- Passport (Any one).
Proof of the Company's Registered Office Address:
1. Latest Utility Bill: Electricity bill or any other utility bill in the name of the owner of the registered office address.
2. Rent Agreement: If the office is rented, a valid rent agreement between the owner and the company promoter.
OR
3. NOC from Owner: If the owner of the registered office is also the company's promoter, a No Objection Certificate (NOC) from the owner confirming the use of the premises as the registered office.
By ensuring you have these documents in order, you can facilitate a smooth and efficient company registration process with the MCA.
Step-by-Step Timeline for Online Company Registration Process
The entire process typically spans about 7 working days, encompassing approval for Director Identification Number (DIN), company name, and company incorporation. However, advancements in company registration procedures have streamlined the process, allowing all paperwork to be conveniently uploaded onto a single online platform. Our experts are dedicated to guiding you through each step of the online company registration process.
DAY 1:
1. Review of Submitted Papers and Information: Our team thoroughly reviews all the documents and information provided by you.
2. Request for Digital Signature Certificate: We initiate the process of obtaining a Digital Signature Certificate (DSC) for electronic document signing.
DAY 2:
1. Checking Availability of Company Name: We verify the availability of your desired company name.
2. Drafting Business Objectives: Our experts assist in drafting the business objectives of your company.
3. Preparing Draft Documents: We prepare drafts for essential documents such as Memorandum of Association (MoA), Articles of Association (AoA), Director Identification Number (DIN), and others.
4. Sharing Drafts for Approval: The prepared drafts are shared with you for approval.
DAY 3-4:
1. Filing SPICe Form for Company Name Reservation: We submit the SPICe (Simplified Proforma for Incorporating Company electronically) form for reserving the company name.
2. Filing Company Registration Forms: Necessary forms for company registration are filed with the Registrar of Companies (RoC).
3. Applying for Director DIN: We apply for Director Identification Numbers (DIN) for the company directors.
4. Applying for PAN & TAN of Company: We initiate the application process for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
DAY 5-7:
1. Awaiting Application Processing at Government (MCA) Level: We await the processing of your application by the Ministry of Corporate Affairs (MCA).
2. Delivery of Certificate of Incorporation and Other Documents: Upon approval, we deliver the Certificate of Incorporation and other relevant documents to you.
3. Assistance in Opening Current Bank Account: Our team assists you in opening a current bank account for your newly incorporated company.
With our support, the process is efficient and hassle-free, ensuring a seamless experience from start to finish.
How can we help in Private Limited Company Registration?
With our proficient team of professionals, we offer a swift and error-free Online Company Registration Service in India, ensuring a hassle-free experience for our clients.
Since 2020, our experts have been actively engaged in facilitating online company registrations on a daily basis. Their extensive experience keeps them abreast of the latest changes in registration procedures mandated by the Ministry of Corporate Affairs (MCA). This ensures that we provide you with the most efficient and up-to-date MCA functionality available.
Upon the completion of the Private Limited Company Registration services, we furnish you with all the necessary documents, including:
1. Directors' DIN and DSC in token: We provide Directors' Identification Numbers (DIN) and Digital Signature Certificates (DSC) conveniently stored in a pendrive.
2. Company's MoA & AoA: Copies of the Memorandum of Association (MoA) and Articles of Association (AoA) are provided for your reference.
3. Challan for Registration Fees and Stamp Duty: We include the challan indicating the payment of registration fees and stamp duty, duly paid at the Government Office.
4. Certificate of Incorporation: You will receive the Certificate of Incorporation, which signifies the legal formation of your company.
5. Company's PAN and TAN: We also furnish the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.
By entrusting us with your company registration process, you can be assured of a seamless and comprehensive service, backed by our expertise and commitment to excellence.
Factors To Consider During The Selection Of The Company Name
Selecting the right name for your company holds significant importance as it forms the initial impression on your customers, suppliers, and stakeholders. Therefore, it's crucial to ensure adherence to the criteria for private limited company registration name availability.
Here are some tips for obtaining unique company name approval:
1. Short and Simple:
Opt for a name that is concise and straightforward. It should be easy to pronounce and remember, leaving a lasting impression on individuals encountering it for the first time.
2. Meaningful:
Your company's name should reflect the essence of your business. It should resonate with your brand identity and convey a sense of purpose or relevance to your industry.
3. Unique:
Ensure that your company's name is distinct and not already in use by another entity or trademark. Our professionals can assist you in verifying the uniqueness of your chosen name and guide you through the trademark registration process if needed.
4. Suffix:
If registering as a private limited company, ensure that the name concludes with the appropriate suffix, such as "Private Ltd." Similarly, for a limited liability partnership (LLP), the name should include "LLP."
5. Legal and Non-Offensive:
The chosen name must comply with legal regulations and should not be offensive or derogatory. It should align with the norms and values of society, avoiding any potential for controversy.
During the process of company registration, it's essential to be well-informed about all aspects, including the nuances of private limited company registration criteria. Our experts are available to provide guidance and support, ensuring that your company name reflects your brand identity while complying with regulatory requirements.
Types of Company Registration
COMPARISON
-
Regulate by Act
-
Equity Funding
-
Taxation
-
Number of Shareholders
-
Separate Legal Entity
-
Limited Liability
-
Statutory Audit
-
Foreign Participation / Investment
-
Recommended for
PRIVATE LIMITED COMPANY
-
Companies Act 2013
-
Easily Possible
-
26%
-
Minimum 2 Maximum 200
-
Yes
-
Yes
-
Mandatory
-
Moderate
-
Allowed
-
Companies Act 2013
-
Not Possible
-
26%
-
Only one
-
Yes
-
Yes
-
Mandatory
-
Moderate
-
Not Allowed
-
Limited Liability Act, 2008
-
Possible, but unlikely
-
31.2%
-
Minimum 2 Maximum - Unlimited
-
Yes
-
Yes
-
If turnover exceed Rs.40 Lakhs
-
Less
-
Allowed
-
Professionals [CA, Architect, Agencies, Consultant, etc]
PACKAGES
Standard
₹ 7999
Plus taxes
Company Name Approval
Certificate Of Incorporation
Commencement of Business
PAN
TAN
2 DIN
eMOA
eAOA
PF Registration
ESI Registration
Documentation Kit
Premium
₹ 11999
Plus taxes
Company Name Approval
Certificate Of Incorporation
Commencement of Business
Help in Current Bank Account Opening*
PAN
TAN
2 DIN
eMOA
eAOA
GST Registration
Documentation Kit
Online Payment Gateway
(2 Indian Directors, 2 Shareholders, and Authorised Capital of Rs. 1,00,000)
Basic
₹ 5999
Plus taxes
Company Name Approval
Certificate of Incorporation
PAN
TAN
2 DIN
eMOA
eAOA
(2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
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