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Private Limited Company

Private Limited Companies are those types of companies where minimum number of members is 2 and maximum number is 200. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company.

Advantages:

  • Easy to get investments and VC funds
  • Most credible
  • Preferred by investors
  • Ideal for IT startups and other growing businesses

Minimum requirements:

  • 2 directors
  • 100000 share capital (all the shareholders in together have to deposit this amount in company account within 2 months of incorporation)

Time Taken: 5 to 7 Working Days

Fees:

Capital < Rs. 5 lakhs Rs. 5 – 9 lakhs Rs. 10 – 14 lakhs > Rs. 15 lakhs
Government Fees (including DIN and DSC) Rs. 7000 Rs. 8000 Rs. 11000 Rs. 30000
Professional Fees Rs. 2999 Rs. 4999 Rs. 6999 Rs. 8999
Total Rs. 9999 Rs. 12999 Rs. 17999 Rs. 38999

*For every additional director (2+) the charges will increase by Rs 2,000.
*If you are registering a company in Madhya Pradesh or Kerala or Punjab, the charges will increase by Rs 2000 to Rs 5000.

NOTE: We can incorporate a Private Limited Company in 5-7 working days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

Registration Process:

 

  1. Digital Signature and DIN Application
  2. Select Company Name and Objects
  3. Forms Preparation & Filing
  4. Company Incorporation

Required Documents:

Directors:
  • PAN Card
  • Address proof
  • Photo
Office:
  • Office Address Proof

You will get:

  • DSC for 2 directors
  • DIN for 2 directors
  • 1 Copy of MOA and AOA
  • Company Incorporation Certificate
  • PAN
  • TAN
  • Commencement Certificate

 

FAQs :

1. What is the minimum number of shareholders in a private limited company?

Two. They could be individuals or legal entities.

2. What is the minimum number of directors in a private limited company?

Two. The Directors must compulsorily be individuals. They cannot be corporate bodies.

3. What is the minimum share capital of a private limited company?

Rupees One lakh (INR 100,000). However the requirement of minimum share capital may go up if certain words such as India (INR 500,000), Asia (INR 5,000,000), Global, Universal, Industrial (INR 10,000,000) are chosen as part of the companys name.

4. Is an office required for a private limited company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

5. Do I have to be physically present in person to Incorporate a company in India?

No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

6. How much time does it take to incorporate a company?

Complianceindia.co.in can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

7. Can all the directors of a private limited company be foreigners?

Yes. However the Registrar of Companies may insist on Indian individuals as alternate directors.

8. Are there any prior approvals to be obtained from any authority in India to become a director in an Indian company?

Yes. Every individual who is contemplating a position of a director in an Indian company must obtain a Directors Identification Number (DIN) before he can become a director in an Indian company.

9. What needs to be done to obtain a DIN?

An application needs to be submitted to the MCA DIN Cell to obtain a DIN.

10. What are the documents required for Incorporation of Private Limited Company?

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

11. Is it required for the applicants/subscribers/promoters of a limited company to be physically present in India during the incorporation process? Thereafter should any of the applicant/subscriber/promoter reside in India while the company is active?

No.

Contact Us

  • Pratham Expert Services (OPC) Private Limited
  •   301, Kamdhenu Complex, Opp. Sales India, B/h Toran Dining Hall, Ashram Road, Ahmedabad - 380009.
  •   +91 79 2754 0321
  •   +91 8866 177 144
  •   +91 8866 277 244
  •   info@complianceindia.co.in

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