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Private Limited Company Registration Fee in Guntur– Online Process & Cost Breakdown
Registering your private limited company in Guntur is an essential first step. It grants your business a unique legal identity and safeguards your personal assets. Establishing a private limited business in Guntur promotes quicker growth and the development of trust. Many Indian businesses utilize this structure since it is flexible and safe. In this article we will cover the registration process, legal requirements, and other specifics in detail.
What Is A Private Limited Company?
A Private Limited Company is a popular business structure where a select group of people privately holds ownership. It offers limited liability, meaning shareholders are only responsible for unpaid amounts on their shares. The transfer of shares is restricted to maintain control within the group. This structure provides legal security, potential tax advantages, and enhances business credibility. It requires a minimum of two and allows up to 200 members. This setup is well-suited for startups and expanding businesses in India.
Fee For Private Limited Company Registration In Guntur
The fee for private limited company registration in Guntur, 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 |
How Much Time Does It Take To Incorporate A Private Limited Company?
The online process of incorporation of a private limited firm in Guntur requires 7 to 10 days. This involves filing of incorporation papers to the Ministry of Corporate Affairs (MCA) accompanied by the Director Identification Number (DIN), Digital Signature Certificate (DSC), and name approval, following the time taken to verify documents and process the documents.
Documents Required For Private Limited Company Registration In Guntur
Here are the list of documents needed to register a private limited company in Guntur 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 Guntur
Minimum of Two Directors – The company must appoint at least two directors, with one being an Indian resident as per legal requirements.
At Least Two Shareholders – A Private Limited Company must have a minimum of two shareholders, who can be individuals or corporate bodies. One person can act as both director and shareholder.
Valid DIN Required – All directors must obtain a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).
Indian Office Address – An official registered office address within India is required for receiving legal notices and official correspondence.
Unique Business Name – The company’s proposed name must be distinct and should not conflict with any existing company name or registered trademark.
Process For Private Limited Company Registration In Guntur
Find out about all the documentation, legal procedures, and compliance that require private limited company registration.
Step 1: Obtain Digital Signature Certificate
To register Pvt Ltd company online in Guntur, each nominated director will have to first acquire a Digital Signature Certificate (DSC). The certifying authority should use the DSC, a digital security certificate to sign the electronic forms that the Ministry of Corporate Affairs (MCA) has acquired. In the process, integrity of all the documents presented in an electronic form is maintained.
Step 2: Obtain Director Identification Number (DIN) for Directors
Every director must have a Directors Identification Number (DIN) to file the company online. It is their identity number and it is one assigned by the MCA. Throughout the registration process, the DIN would be available upon the submission of SPICe+ form. It links the director to all the organisations that he/she is dealing with and it is under the law.
Step 3: Book a Company Name, and Incorporation filing
After this, a unique name of the company should be registered through the RUN (Reserve Unique Name) service of the MCA. Complete SPICe+ once you are authorised. The multi application form also allows company registration, DIN and PAN/TAN issuing and optional applications (GST). The Registrar of Companies (ROC) then issues the Certificate of Incorporation when it has been verified and approved.
Documents that you will obtain after online registration of a private limited company
- 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 Incorporation Compliance For Private Limited Company
The following are the significant actions that need to be taken following incorporation of company:
First Meeting: In the case of a company, it should hold its first meeting of its Board of Directors within 30 days after the date of its registration under Section 173(1) of the Companies Act of 2013. The meeting can be attended via video conference and physically by the directors.
Bank Account: Businesses are supposed to have a bank account even before they can reach the authorities to be incorporated as a company. No possible transactions can be effected in the name of any real person as the corporation is an artificial person.
Formal address: A business should set a registered premise within 30 days of the day of establishment as stipulated under Section 12(1). This is the address through which all official communication will reach the different authorities. The company is required to inform the registrar about it within 30 days of that date of establishment.
The name says it all: No business can operate without marking its name in every item that it utilizes in carrying out its business practice. It will be brought in a language most spoken in the area. The company should also acquire printed negotiable instruments, letterheads containing relevant materials, and a seal with a name of the company engraved on it.
Auditor: The Section 139 (1) provides that the first auditor should be appointed by the Board of Directors (BOD) within 30 days after the registration of the company, with the sole exception of government companies. Otherwise, the auditor will be planned by the members at an extraordinary general meeting within 90 days. The first auditor will be in office till the first annual general meeting has been completed.
Statutory registers: The business has to maintain statutory registers at the registered office of the business. Ignoring to keep it up in the demanded form will lead to fines of the business.
Share certificate: A shareholder is issued with a share certificate within the next 60 days after the date of formation. In case further distribution of shares is made, time limits are 60 days after the allocation date.
Books of Accounts: All the businesses are required to maintain credible and neutral books of accounts according to section128. They will be accounted for on an accrual basis and they will use a double entry system.
Certificate of commencement of business: The business should obtain a certificate of commencement of business within 180 days. The directors of the company are expected to give a disclosure that every subscriber has paid the balance due against their shares.
Why Choose Grow My Vyapar For Your Registration Needs?
Grow My Vyapar is a professional and stress-free company to approach Private Limited Company Registration Guntur. The services ensure customised solutions that have special support towards a comfortable and conforming registration process. They also have an experienced team that makes it easy to deal with legalities and documentation, so you will save your precious time and nerves. Choose Grow My Vyapar as an effective, pocket-friendly and secure solution to register your company in Guntur.
Conclusion
Registering a Private limited company in Guntur is a prudent move by an entrepreneur looking to grow in the business, define the reputation, and acquire limited liability status. It is possible to ensure that the process is effective and smoothly operating with adequate procedures, the suitable documentation, and compliance. It can simplify the procedure significantly merely by selecting a reliable organization such as Grow My Vyapar. First frame your company the right way, a legal formation, professional knowledge, and a willingness to make it to the competitive market of Guntur.
FAQ About Private Limited Company Registration In Guntur
- It requires at least two directors and shareholders.
- One of the directors should be an Indian resident.
- Guntur office address is necessary which is registered.
- There is no minimum requirement of capital but nominal capital structure needs to be devised.
No major action can be taken to cancel company registration in a private limited company as it is still valid even after its incorporation until it is formally terminated through the legal processes such as being wound up or being crossed off by the regulatory authorities.
As indicated in the Companies Act, 2013 there should be no more than 200 shareholders in a private limited company. This is in exclusion of current/past employee-shareholders who participated in employee stock options.
The minimum number of directors required in a private limited company is 2, and 15 is the maximum number of directors in a company unless an increase is done in a company by a special resolution.