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Private Limited Company registration in India – Online Process, Fees & Documents
Starting a business in India? One smart way is to form a private limited company. It is a business structure typically owned by a close-knit group such as families or friends. The first important step is to register your private limited company in India. This legal process gives your business its own identity and protects your personal assets. A private limited company registration in India helps you to build a trust, and develop faster. The reason why many businesses in India prefer this structure is that it is flexible and safe. Let’s dive further to understand the legal requirements, the registration process, and more.
What is a Private Limited Company?
A Private Limited Company is the type of business which is operated by a small group of people. This form of business does not expose the shareholders to debts; it does not allow publicly tradeable shares; and it also requires a minimum of 2 and not excess of 200 members. A Private Limited Company provides important legal protection, facilitates the raising of funds and gives credibility to the company. Many start-ups and growing businesses choose this structure. To form a Private Limited Company, the business has to be registered under the Companies Act, and even when the owners move on to become sellers of the company, the company still continues to exist legally.
Fee For Private Limited Company Registration In India
The fee for private limited company registration in India, includes government fees, documentation costs, and professional assistance.
| Service Description | Fee (INR) |
|---|---|
| Digital Signature Certificate (DSC) | ₹3,000 |
| Government Fee (Stamp Duty) | ₹2,500 |
| Professional Fee | ₹3,499 |
| Total Cost | ₹8,999 |
Time Required To Register A Private Limited Company In India
The incorporation of a private limited company online in India takes 7 to 10 working days. This involves Digital Signature Certificate (DSC), Director Identification Number (DIN), name approval and filing of incorporation forms to the Ministry of Corporate Affairs (MCA) after document verification and time taken in the process.
Documents Required For Private Limited Company Registration In India
Here are the list of documents needed to register a private limited company in India is as follows:
For Directors/Shareholders
- Aadhar Card
- Driving License
- PAN Card / DIN (Directors Identification Number)
- Email address and mobile number
- Utility bills (electricity bill, broadband bills etc)
- Latest Bank statement (not older than 2 months)
For Registered Office
- Proof of address: Utility bill (electricity/water/telephone)
- No Objection Certification (NOC) from the property owner
- Rent Agreement or Ownership Document
Eligibility For Private Limited Company Registration In India
- Minimum Two Directors – At least two individuals are required, with one being an Indian resident.
- Minimum Two Shareholders – Can be individuals or corporate entities (same person can be both).
- Director Identification Number (DIN) – All directors must have a valid DIN issued by MCA.
- Indian Registered Office Address – A valid address in India is needed for official communication.
- Unique Company Name – The proposed name must not conflict with any existing company or trademark.
Process For Private Limited Company Registration In India
Discover all the legal procedures, paperwork, and compliance involved in registering a private limited corporation.
Step 1: Obtain Digital Signature Certificate
For online Pvt Ltd company registration in India a Digital Signature Certificate (DSC) has to be obtained by each of the nominated directors as the initial step. DSC is a digital security certificate received by the certifying authority and must be used to sign e-forms acquired by the Ministry of Corporate Affairs (MCA). All of the electronically filed documents are guaranteed to be legitimate during this process.
Step 2: Obtain Director Identification Number (DIN) for Directors
Every director must secure a Directors Identification Number (DIN) to file the company online. The MCA issues this number, which serves as their identity number. When filing the SPICe+ form during the incorporation process, the DIN becomes available. It is legally mandated and links the director to every organisation they are involved with.
Step 3: Reserve a Company Name and File for Incorporation
The next step is to use the MCA’s RUN (Reserve Unique Name) service to reserve a unique name for the business. Once your is approved, fill the SPICe+ form. This multi application form allows for company registration, DIN and PAN/TAN issuance, and optional applications (GST). Upon verification and approval, the Certificate of Incorporation is then issued by the Registrar of Companies (ROC).
Documents you will get after online private limited company registration In India
- Incorporation Certificate
- Permanent Account Number (PAN) of the company
- Tax Deduction Account Number (TAN) of the company
- Articles of Association (AoA)
- Memorandum of Association (MoA)
- Direction Identification Number (DIN)
- Digital Signature Certificate (DSC)
- Company Master data
Post-Registration Compliance For Pvt Limited Company
Post-registration compliance ensures your privately owned limited company operates legally and avoids fines. The main duties include appointing auditors, issuing share certificates and filing annual returns to the Registrar of Companies.
Appointment of Statutory Audits
After a private limited company registration online, a statutory auditor must be appointed by a Private Limited Company within 30 days of its incorporation. The auditor’s duties include reviewing financial documents and confirming that the laws governing finances are being followed.
Issuance of Share Certificates to Shareholders
Each shareholder should receive a share certificate 60 days after the shares are allocated. These certificates, which attest to ownership, ought to be properly signed and stamped.
Filing of Annual Returns and Financial Statements
In order to be statutory compliance, all the company must submit financial statements (Form AOC-4) and yearly returns to the ROC (Form MGT-7) detailing its operations each fiscal year.
Some Other Types Of Company incorporation In India
- Partnership Firm Registration
- Proprietorship Firm Registration
- Limited Liability Partnership (LLP) Registration
- One Person Company (OPC) Registration
- NGO Registration ( Section 8 Company Registration)
Why Choose Grow My Vyapar For – Online Private Limited Company Registration
With Grow My Vyapar, you can find the process of registering a firm in India less complicated. We do all the paperwork, provide all the instructions and ensure a swift and smooth process with our team of experts. With comprehensive help and reasonable prices, our team focuses on establishing your online Pvt Ltd company in India.
Conclusion
Incorporating a private limited company in India is a good option when an entrepreneur needs to do some growth expansion, gain credibility and to have limited liability. A smooth and efficient process can be achieved with clear steps, proper documentation, and compliance. The process can be made much easier by simply selecting a reliable company like Grow My Vyapar. Start your business the right way, legally structured, professionally proficient, and prepared to make a break in the competitive Indian market.
FAQs About Private Limited Company Registration In India
The Pvt Ltd company in India requires at least 2 directors and 2 shareholders with one director as an Indian resident to register a company. The directors should be 18 years or above. It is open to Indian nationals, NRI and foreign nationals. It should also have a valid registered office in India.
A private limited company in India can have a maximum of 200 members and minimum 2 members, according to the Companies Act, 2013.
In India, it generally takes seven to ten working days to register a private limited company. After document verification, this involves sending registration documents to the Ministry of Corporate Affairs, receiving DSC, DIN, and name approval.
It does not have a minimum capital requirement. The company can have any amount of capital when it is started as a Private Limited Company.