Private Limited Company Registration
Private Limited Company is the most common business structure in India and ideal for Start -ups and new ventures going for funding.
We provide service to register a private limited company through 100% online process.
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We have successfully registered more than 1500 private limited companies in India and across Bangalore.
Deliverables
Digital Signature of directors and registration with MCA
DIN (Directors Identification Number) for Directors
Name Search & Approval
Drafting of Memorandum and Articles of Association with respect to objective of your business
Certificate of Incorporation
Share certificates
Commencement of business certificate
PAN and TAN of your Company
About
Private Limited Company
Private Limited company is a legal entity incorporated under Companies Act 2013 having its Memorandum and Articles of Association, which contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.
As these entities must hold regular board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they also tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership. Registration of Private Limited Company can be done through Vyapar Formations in Bengaluru and across India.
Requirements
What are the minimum requirements to register a Private Limited Company
Minimum 2 Shareholders
Minimum 2 Directors
One of the Directors must be Indian Resident
Minimum Authorised Share Capital 100,000 (INR One Lac)
DIN (Director Identification Number) & DSC for all Directors
Process
Private Limited Company Registration Process
Registration of Private Limited Company takes around 7 to 10 days.
1
Fill our Checklist
You are required to fill the details in our simple online questionnaire and submit documents.
2
Obtain DSC & DIN
After submitting your documents we will provide you with DSC and DIN. Digital signatures and DIN must be obtained for the proposed directors of the company.
3
Name Approval
The proposed name is applied and obtained from the Ministry of Corporate Affairs. Upto 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names.
4
Company Incorporation
Company is incorporated along with the incorporation certificate, PAN and TAN within 2-3 business days.
5
End of the Process and Beginning of your business
Your Company is registered with MCA. We will send all your documents. Now your business begins.
Our Further Support
Congratulations! Your business journey begins. Now your company need to comply with various laws and acts in India to remain active. We provide further support on Accounting and compliance perspective to your business so that you can concentrate on your core business activity and shoulder off all your finance burden on us.
Advantages of Private Limited Company Registration
There are various reasons to choose private limited company :
- Easy to raise Funds as it is preferred by banks, VCs & investors.
- Easy to allocate and redistribute shares to investors or other directors.
- Separate legal entity which limits your liability.
- Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.
- Easy to register, manage & run.
- Easy to dissolve or wind-up.
Documentation
Documents Required to Register a Private Limited Company
1
PAN Card
PAN Card of share holders and directors. Foreign nationals must provide a valid passport.2
Identity Proof
Aadhar Card and Voter ID/Passport/Driving License of shareholders and directors3
Directors Address Proof
Latest Telephone Bill / Electricity Bill / Bank Account Statement of Shareholders and Directors4
Photograph
Latest passport size photograph of Shareholders and Directors5
Business Address Proof
Latest Electricity Bill / Telephone Bill of the registered office address6
NOC From Owner
No objection certification should be obtained from the owner(s) of the registered office7
Rent Agreement
Rent Agreement of the registered office should be provided if any8
Note
In case of NRI or Foreign National Documents of director(s) must be notarized or apostilledCompare
Compare different business structures to choose the right entity type
FAQ
FAQ on Private Limited Company
1What are the statutory requirements to be fulfilled once Private Company is registered?
Once, the company is registered, it should follow below-mentioned requirements on priority:
- The opening of the company’s current account within 30 days after receiving the PAN card.
- Appointment of a Statutory Auditor
- Depositing paid-up capital as mentioned while registration
- Issue and allotment of shares
2What are the Annual Compliance requirements to be fulfilled by a Private Company?
During every financial year, the company must hold one Annual General Meeting (AGM) and at least 4 board meetings (one in each quarter). Further, the accounts and financial statements must be audited by an independent auditor. Subsequently, it shall file form AOC – 4 and MGT – 7 as part of Annual Compliance within given time.
3What are the minimum requirements to register a Private Limited Company?
For Private Company registration in India, following requirements must be fulfilled:
- Minimum 2 directors shall be appointed, out of which one must be a resident of India.
- Minimum 2 shareholders are required for this registration. Here, an individual may become shareholder and director at the same time.
- A place of business in India must be provided as a registered office address.
4Why Startups prefer Private Limited Company as a form of Business
The Private Ltd Company is one of the most preferred business legal forms by growing Indian start-ups. A private limited company can fulfill the requirement of raising funds from private investors easily; attract less tax and is a separate legal entity with perpetual succession which is restricted to other business types.
5What documents required to set up Pvt. Ltd. Company in India?
You need to arrange very simple documents of directors like photograph, Pan card and one address proof. For more details, please fill the above details
6How long does it take to register a private limited company?
On an average, the registrations get done within 10 to 15 days. The processing time would vary depending on the time taken by our clients to submit the necessary documents and government processing time.
7Is Private Limited Incorporation to be renewed every year?
No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
8What is Authorized Capital and Paid-up Capital?
Authorised capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not exceeding the authorized capital.
9Can NRIs / Foreigners hold shares in Private Limited Company?
Yes, NRIs or foreigners can hold shares subject to FDI guidelines. However, a foreign participation above 50% will place the company under the category of Foreign Company.
10Can we change office address of the company after Incorporation?
Yes, company office address can be changed anytime after incorporation.
11Do we have to deposit Share Capital in a Bank at the time of Incorporation?
No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.
12Who can become a Director of a Private Limited Company?
Any natural person above the age of 18 years can become the director in the company after procuring Director Identification Number (DIN). And since there are no specific criteria provided in terms of citizenship or residency, a foreign national can also become a director. The application of DIN Allotment is now merged with the application for the formation of a company subject to a limit of maximum 3 DIN.
13What is the role of Accountants and Auditors in Private Limited Company?
Daily transactions of the business are recorded in the Books of Accounts of the Company by the Accountant/s. The Accounts hence recorded are verified by an Independent Auditor to make sure that no statutory compliance are missed and provide an Audit Report for the same.
14What is the Director Identification Number (DIN)?
Director Identification Number is a unique number assigned by the Ministry of Corporate Affairs to Individuals on whose name the application is made, allowing an individual to be a Director in any Company or Designated Partner in an LLP.
15What is a Digital Signature Certificate? Who shall procure it?
Digital Signature Certificate is provided in the form of a token issued by Certified Authorities. Any form filed for online company registration in India shall be submitted after affixing the DSC of an Applicant. Also, the directors will require DSC for DIN application and the subscribers to MOA shall possess DSC for submitting e-forms for incorporation.
16How we can in help Registration of company in Bangalore and across India
We at Vyapar Formations are one of the top legal consultant in Bangalore for company registration. With a strong team base of company secretaries, chartered accountants and lawyers we can assist you with hasslefree company registration.