Private Limited Company Registration in India

Legal Terminus can help you with Private Limited Company registration, as and when required, in a hassle-free manner within a reasonable time span. We provide competitive professional fees starting at Rs. 7,999/- for your needs in private limited company registration in India.

Starts at 10000

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    A private limited company is a popular choice for a corporate business structure in India. The company has a separate legal identity, and there is separation of ownership and management. Private limited company registration in India provides benefits like less stringent compliance requirements. Such structures are favored by critical stakeholders such as investors and creditors. Additionally, companies can avail the benefits of start-up recognition under the Start-up India Scheme of the Government of India. Below, we address some common queries related to private limited company registration in India.

    Steps For private limited company Registration in india

    The broad process of registering a Private Limited company involves the following steps:

    private limited company registration in India
    • Note 1  COI, MOA, and AOA of the incorporated company shall be provided by us
    • Note 2  PAN, TAN, EPF, ESI, and Bank Accounts details shall be received through your registered mail ID directly from the department.

    Documents required for private limited company registration in India

    The following essential documents/information are required for registration

    private limited company registration in India
    • Note 1  A detailed checklist will be provided by our team in this respect as a ready reckoner
    • Note 2  All the documents mentioned above shall be self-certified by the respective proposed directors/ members/ shareholders
    • Note 3  All the utility bills or bank statements shall not be less than 2 months old
    FAQ

    Frequently asked questions about company registration

    Minimum two persons are required to form a Private Limited Company and a maximum up to 200 persons can be a member of a single Private Limited Company.

    Minimum two directors are required in a Private Limited Company, with an upper cap up to 15 directors.

    Directors are officers of the company who are responsible for managing the company and making the decisions as to its operation on a day to day basis, for the benefit of the shareholders.

    Shareholders are the owners of companies limited by shares. As the beneficial owners of a limited company, they are not involved in day-to-day management or financial affairs. They are also called 'members' and they agree to become part of a company by taking a minimum of one share in it. The quantity of shares held by each person represents how much of the business they own.

    The Private Limited Company can be incorporated with any amount of capital and there is no lower or upper limit. Further, the government has relaxed the government fees for Incorporation of a Private Limited Company up to an Authorized capital of Rs. 15,00,000/-, however, the stamp duty, which is still levied, varies from State to State.

    • PAN Card (All the Proposed Directors and/or Shareholders)
    • ID Proof (All the Proposed Directors and/or Shareholders) (Passport/ Voter ID/ Aadhar Card/ Driving License)
    • Address Proof (All the Proposed Directors and/or Shareholders) (Telephone Bill/ Mobile Bill/ Savings Bank Statement)
    • Passport size Photograph (All the Proposed Directors and/or Shareholders)
    • Rent Agreement (For proposed company Address)
    • Electricity bill
    • A permission letter from the owner about use of his premises for registered office of the proposed company (NOC)

    All the documents mentioned above in point no 1 to 3 need to be self-signed by the respective proposed directors/ members/ shareholders All the utility bills or bank statements shall be less than 2 months old

    The broad process of registering a Private Limited company involves following steps:

    • STEP 1 : Provision of requisite mentioned documents/information to us
    • STEP 2 : Validating the documents/ information and processing the same
    • STEP 3 : Filing of application and submission of the same in online manner
    • STEP 4 : Payment of appropriate government fee as applicable
    • STEP 5 : Processing of the application and issuance of registration certificate

    The process of incorporating a Private Limited Company can take anywhere between 10 to 15 working days, subject to submission of correct information and complete documentation.

    Legal Terminus can help you with incorporation of Private Limited Company for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.

    A COMPARATIVE CHART BETWEEN PRIVATE LIMITED COMPANY VS. LLP VS. PARTNERSHIP FIRM

    Aspect

    Private Limited Company

    Limited Liability Partnership (LLP)

    Partnership Business

    Legal Structure:

    Separate legal entity with shareholders

    Separate legal entity with partners

    No separate legal identity for partners

    Prevailing Law:

    Companies Act, 2013

    Limited Liability Partnership Act, 2008

    Indian Partnership Act, 1932

    Registration:

    Registrar of Companies (ROC)

    Registrar of Companies (ROC)

    Registrar of Firms (Optional registration)

    Name of Entity:

    Must include “Private Limited”

    Must include “Limited Liability Partnership” or LLP

    Any chosen name

    Charter Document:

    Certificate of Incorporation, Memorandum of Association and Articles of Association

    Certificate of Incorporation and LLP Agreement

    Partnership Deed

    Liability:

    Limited to shareholders’ investment

    Limited to LLP contribution

    Partners personally liable for debts

    Ownership:

    Shareholders

    Designated Partners/ Partners

    Partners 

    Minimum Requirements:

    Minimum two shareholders and two directors

    Minimum two Designated partners

    Minimum two partners

    Management:

    Board of Directors elected by shareholders

    Designated Partners/ Partners

    Partners 

    Foreign Participation:

    Foreign nationals can be shareholders

    One designated partner must be an Indian citizen and the rest can be Foreign nationals.

    Foreign nationals cannot form partnership firm

    Meetings:

    Board and General meetings are required

    Not mandatory

    Not mandatory

    Taxation:

    Tax rates as applicable to corporates

    Tax rates as applicable to Partnership Firm

    Tax rates as applicable to Partnership Firm

    Continuity of Existence:

    Perpetual existence

    Perpetual existence

    Dissolves with partner death or bankruptcy

    Credibility:

    High credibility

    High credibility

    Lower credibility due to lack of legal recognition

    Formation Complexity:

    More formalities and paperwork

    Moderate formalities

    Simple and inexpensive to establish

    Regulatory Compliance:

    Stringent regulatory requirements

    Moderate regulatory requirements

    Less regulatory requirements

    Case of Death:

    Transferred to legal heirs

    Capital contribution is refundable to heirs, they don’t become partners

    Partnership firm dissolves

    Voting Rights:

    Based on shareholding

    As per terms of LLP Agreement

    Based on partnership agreement

    Annual Filing:

    Annual financial statements and annual returns required to be filed with ROC

    Statement of Accounts and annual returns required to be filed with ROC

    No annual filing required

    Audit of Accounts:

    Statutory Audit is mandatory

    Statutory Audit is mandatory audit only after crossing the certain threshold limits

    No such requirement

    Choose Your Plan

    Register your company with pocket-friendly prices

    Elemental

    ₹7,999

    Including gov fee

    Enriched

    ₹9,999

    Including gov fee (Popular)

    Supreme

    ₹21,999

    Including gov fee
    Terms & Conditions

    By subscribing to the above plans, you agree to abide by our following additional terms and conditions

    1) DSC shall be from eMudhra Class II only

    2) The Stamp Duty varies from state to state and in states such as Andhra Pradesh, Bihar, Chandigarh, Chhattisgarh, Daman And Diu, Delhi, Goa, Gujarat, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand fees shall vary accordingly & shall be charged additionally as per actuals

    3) The fees mentioned above are valid for Authorised Capital up to Rs. 15 Lakhs and in case Authorised Capital is above Rs. 15 Lakhs the additional fee shall be charged as per actuals

    4) The above fee includes Name application for up to 4 choice names and in case all the 4 names are rejected by the department, an additional fee shall be charged as per actual

    5) The Audit Fees shall not be a part of our professional fees and shall be payable directly to the Auditor

    6) In case the above plan does not qualify your requirements, kindly contact our executive, we shall be happy to customise a plan for you