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Private Limited Company

The startup environment is booming across India (3rd in the world) and an increasing number of people are looking to do something on their own, so there is a rise in the need to be well-versed with different business registration types, i.e. sole proprietorship, limited liability company, and private limited company.

Given the many benefits like easy incorporation, tax advantages, and credibility, a private limited company has become the preferred option. This structure offers shareholders limited liability protection while placing specific ownership constraints. On the other hand, in the case of an LLP, partners oversee the management. Private limited company registration allows for a clear distinction between directors and shareholders.

How long does it take?

Legally Own Your Company in Just 15 Days!!

Step 1 : Digital Signature Certificate

1 Working Days : The Digital Version of Physical Certificates, DSC acts as a virtual seal that authenticates your company’s identity electronically. The Cryptographic Technology used to create unique Digital Signatures helps keep all your critical and sensitive documents safe.

Step 2 : Director Identification Number

1 Working Days : Aspire to be the director of a company someday? Then DIN is a must. This eight-digit identification number with a lifetime validity has all the details of the directors maintained in a database, safeguarding the interest of the company.

Step 3 : Name Approval

Upto 5 Working Days : Everybody wants to give their company an unique identity and a unique name is the foremost priority for the same, which has to be approved by MCA to ensure that the proposed name is not in use by any other companies.

Step 4 : Incorporation of Documents

Upto 8 Working Days : Incorporation Documents like Memorandum of Association(MOA) and Article of Association(AOA) needs to be approved and verified by the government for smooth functioning of the company. Simultaneously, we @Compregi apply for PAN and TAN of your company.

Documents Required for a Pvt Ltd Company Registration

1ID Proof

Scanned copies of

  • PAN Card 
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving License
    of all the directors of the company are needed.

Address Proof

Bank Statement/Utility bill in the name of the Director, not older than 2 months.

Registered Office Proof

-No Objection Certificate(NOC) from the owner.
-Utility bill(not older than 2 months).
-Notarized rent agreement,in case of rented property, or, registry proof, in case of owned property.

Photograph

Latest Passport size photograph.

What Do You Get

We Compregi believes in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.

DSC

Virtual Seal for both the directors to sign the documents.

DIN

Lifetime validity DIN to safeguard the interest of the company.

Memorandum of Association

Ensures the existence of the company by defining rules and objectives of the business.

Articles of Association

Ensures the existence of the company by defining rules and objectives of the business.

PAN Card

Company’s Personal Account Number to open a bank account.

TAN Number

Essential 10 digit alpha-numeric number for tax compliance mechanism under Indian Laws.

Incorporation Certificate

Bears all the details of the company setting it a legal separate entity.

Pvt Ltd Company Registration Cost

We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.

FEATURES
StartUp

Rs. 5,999/-
Professional

Rs. 9,999/-
Enterprise

Rs. 17,999/-
Registration
Company Registration ✓ ✓ ✓
Company's PAN ✓ ✓ ✓
Company's TAN ✓ ✓ ✓
EPFO Registration ✓ ✓ ✓
ESIC Registration ✓ ✓ ✓
GST Registration x ✓ ✓
UDHYAM (MSME) Registration x ✓ ✓
Physical Kit
Digital Signture ✓ ✓ ✓
Company's Document File ✓ ✓ ✓
Letter for Bank Account ✓ ✓ ✓
Company's Stamp x ✓ ✓
Framed Certificate x ✓ ✓
Professional Letter Heads x 25 50
Professional Visiting Cards x x ✓
Compliance
Director's ITR Filing ✓ ✓ ✓
GST Return Filing x 3 Months 12 Months
Auditor Appointment x ✓ ✓
DIR -3 KYC x x ✓
INC -20 Form Filing x x ✓
ROC Return Filing x x ✓
Company's ITR Filing x x ✓
EPFO Return Filing x x ✓
ESIC Return Filing x x ✓
Consultation
Company's Name Search ✓ ✓ ✓
Website Domain Search ✓ ✓ ✓
Website/App. Development ✓ ✓ ✓
Brand Logo Design ✓ ✓ ✓
Social Media Marketing x ✓ ✓
Trademark Registration x ✓ ✓
Payment Gateway x ✓ ✓
Drafting Legal Documents x x ✓
Legal Retainership x x ✓
CHOOSE PLAN CHOOSE PLAN CHOOSE PLAN

Meaning of Private Limited Company:

A private limited company is a privately held small business entity. The owner’s liability is of a limited partnership, which means the shareholder’s liability is limited to the number of shares they hold. The firm is limited to having 200 or fewer shareholders, and shares are prohibited from publicly trading.

Any Private Limited Company in India is regulated by the Companies Act, 2013. If any business entrepreneur wishes to register a Company in any State of India, it needs to
be registered with the ROC (Registrar of Companies) under Section 7 (Incorporation of Company) of the Companies Act, 2013 and as per the guidelines laid down
by the MCA (Ministry of Corporate Affairs).

According to Section 2 (68) of the Companies Act, 2013, the Private Limited Company definition is: “A Company having a minimum paid-up share capital as may be prescribed and which, by its articles,—(i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred; (iii) prohibits any invitation to the public to subscribe for any securities of the company.”

Our experts and professionals at CompRegi offer a cost-effective service of assisting you with the Private Limited Company Registration process, managing legal formalities, and ensuring adherence to MCA regulations. We believe in complete transparency in all the processes and keep you updated while handling all the legal formalities.

Different Types of Private Limited Companies

01
Company Limited by
Shares
In a company limited by shares, the shareholders' liability is limited to the nominal share amount mentioned in the Memorandum of
Association (MOA).
02
Company Limited by Guarantee
In a company limited by guarantee, member liability is limited to the amount of guarantee specified in the Memorandum of Association (MOA). This guarantee is invoked only during winding up.
03
Unlimited Companies:
In an unlimited company, members have unlimited personal liability for the company's debts and liabilities. However, they are still considered a separate legal entity, and individual members cannot be sued.

Benefits of a Private Limited Company:

Separate Legal Entity:

Generally, any private limited company has a separate legal entity different from its directors and shareholders. This means that the company is responsible for the management of its assets and liabilities, debtors, and creditors, not the shareholders or the directors. So, the creditors cannot sue the directors or shareholders to recover the money, in case the company incurs losses

Business Continuity

A company has ‘continued succession or uninterrupted existence until it is legally shut down. As a company is a separate legal person, it is unaffected by the death or any shift in shareholders but continues to be in existence irrespective of the changes in membership.

Tax Benefits

Private Limited Companies may qualify for various tax benefits and exemptions, making them tax-efficient entities. According to Section 80IAC of the Income Tax Act, shareholders of startups registered as a private limited company can claim up to 3 consecutive financial years as tax holidays.

Limited Liability

The shareholders of a private limited company have limited liability because private limited companies exist as separate legal entities from their shareholders.

Drawbacks of a Private Limited Company:

Compliance Burden:

Private limited companies are liable to conduct an annual audit of their accounts and file the audited statements along with its annual returns and annual directors report to the ROC every year.

Complex Setup:

A Private Limited Company has to go through a legally meticulous and time-consuming procedure of incorporation before commencing its business operations. 

Share Limits:

A Private Limited Company cannot freely transfer its shares to the general public or trade the same on Stock Exchange platforms. In case a transfer of shares is initiated to a new shareholder, the consent of the board of directors, in the form of a resolution passed by a majority of them will be required. 

Public Disclosure:

The details of the company’s incorporation and compliance status are available for public inspection on the official website of the Ministry of Corporate Affairs, which can be obtained by any person by paying a nominal fee. 

Registration Process of a Private Limited Company:

  1. Obtain Digital Signature Certificates (DSC) for every proposed director and shareholder of your company, issued by the Controller of Certification Agencies (CCA).
  2.  Obtain DIN (Director Identification Number) online through the MCA portal by filling out the form DIR-3 and uploading the required documents.
  3. Choose 2 unique company names that are not in use by another company or trademarked by someone else. Fill out the SPICe+ Part A form to secure at least one of the names.
  4. Once the Company name has been reserved, then you need to apply for the SPICe+ Part-B Form along with the documents.
  5. Fill out the e-MoA (electronic Memorandum of Association) and e-AoA (electronic Articles of Association). These forms are filed online on the MCA portal as a linked form with SPICe+ (INC-32).
  6. Through a single form SPICe+, you can also apply for the company’s PAN and TAN.
  7. Once the MCA approves the registration, it grants the Certificate of Incorporation, a CIN (Corporate Identity Number) PAN & TAN which are mentioned with the sign & seal of the Registrar, will be allocated, which can tracked on the MCA portal.
  8. File the AGILE-PRO-S form for GST Registration, EPFO, ESIC, and Bank Account.

Why Choose CompRegi for Private Limited
Company Registration?

With CompRegi, you can set up your company legally in 15 days by following just 4 steps:

Provide the below-mentioned documents on our website to incorporate your company:

  1. Identity Proof of Sole Director and Nominee 
  2. Address Proof of Sole Director and Nominee 
  3. Passport Size Photo of Sole Director and Nominee 
  4. Specimen Signature of Director and Nominee 
  5. Address Proof of Registered Business or Office
  6. NOC from Property Owner (if business premises are Rented)
  7. Copy of Bank Statement

Our experts will file the below forms on behalf of you on the MCA portal:

  1. Digital Signature Certificate (For 2 proposed directors) Application 
  2. Company Name Reservation 
  3. Filing of e-forms with ROC

Purchase any one of our Private Limited Company (PLC) Registration plans, namely Startup, Professional, and Enterprise.

Our experts will follow up with the respective authorities till you receive the Incorporation Certificate along with PAN & TAN

Document verification by our experts and attestation of your signature on documents.

The Experts and professionals at Compregi help you with all the process, right from opening a bank account for your company to legally getting your business started. We believe in complete transparency in all the processes and keep you updated with each ongoing step. We value your time and ensure you with the complete registration process within the promised time period. So join us for a seamless registration and endless possibilities for your business.

The time needed to register a Private Limited Company:

The answer depends on various factors such as the availability of the company name, the documents required, and the workload of the government authorities. But through CompRegi the whole process including approval of DIN, Name, and Incorporation can be completed in just 15 working days. Nowadays, registering a Company has become a fast process as all documents are dragged in a single application form with MCA.

FAQs

What is the difference between a private limited company and a public limited company?

Private limited companies are considered to be better than public limited companies in matters of investment in long-term strategies, relative freedom, and relative flexibility of operations. 

How much does it cost for private limited company registration?

The cost of registering a company in India varies according to the number of stakeholders and size. The Cost of Incorporation of a private limited Company would vary from Rs.6, 000 - to Rs. 30,000/- depending upon the following:

Number of Directors
Number of Members
Authorized share capital and Paid-up share capital
Professional fees

 

What are the compliances of a “Private Limited Company” India?

A company is required to maintain certain compliances once it is incorporated. An auditor needs to be appointed within 30 days and income tax filing, annual return filing, ‘Commencement of Business’ forms, and DIN eKYC need to be done every year. 

What are the minimum and maximum numbers of members in a private limited company?

The minimum number of members required to start a private company is 2. All these members have limited liability, and the maximum number of members goes up to 200. 

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