Private Limited Company Registration

A private limited company is a kind of privately-held business entity. This kind of business limits proprietor obligation to their offers limits.

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Incorporating a Company is quick, simple, and would be possible online with Taxxinn in 3 plain sailing steps

1. Fill Form
Simply fill the above form to get started.
2. Call to discuss
Our expert will connect with you & prepare documents.
3. Get certificate
Get your Company Incorporation certificate

Private Limited Company Registration


A private limited company is a perfect beginning for any individual who needs their business to be a separate legal identity. Private Limited Company registration is the most famous legal structure option for businesses in India. A private Limited company is the most conspicuous type of business entity in India in contrast with others. It is essential to register your company as a private limited company that has various advantages from simple to incorporate to simple to dissolve. Taxxinn can assist you with company registration across India at a very moderate price.

Advantages

Easy Fund Raising

The registration process of the company is strict enough to make this structure credible, among others, which makes it easier to raise funds or borrow from external sources. The organization itself provides a number of ways of raising funds in the form of private equity, ESOP, and more.

Separate Legal Existence

Once registration of the Corporation in India has been completed, a legal person is formed in the eyes of the law. It distinguishes itself from its founders and managers. The business will work on its own behalf simply by opening a bank account to own assets and entering into a contract with the parties. This also provides for the right to sue third parties in the event of any default.

Owner's Limited Liability

The obligation or debt of the company does not create a charge on the personal assets of the owner. Their liability is limited only to the money invested and unpaid by them.

Management and Ownership Separation

Separate ownership and management allow both the organization and the management to concentrate on their potential work. The shareholders are responsible for managing and running the company without losing power in the form of a vote.

Checklist for Registering a Company in India


In order for any company to be registered in India, the below conditions have to be met.

Two Directors:

A private limited company must have at least two directors and more, there can be 15. Of the directors in the business, at least one must be an occupant of India.

Unique Name

The name of your business must be Unique. The recommended name should not match any current organizations or trademarks in India

Minimum Capital Contribution:

There is no Minimum capital Contribution to a company. A company should have an authorized capital of in any event Rs. 1 lakh

Registered Office:

The registered office of an organization doesn't need to be a business space. Indeed, even a leased home can be the registered office.

Pvt. Ltd Registration Process.

Pvt. Ltd registration procedure is easy but a professional would be needed to complete the same. In addition, the procedure has been completely changed by the government in order to promote the ease of doing business. TaxxInn is experienced in Pvt. Ltd registration with an experience of registering more than 10000 Pvt. Ltd and consulting thousands of Pvt. Ltd partnerships throughout India.

Search the company name before Company Registration


The first step of the Company Registration is to ensure that the company name has not been taken by another company. We can search the company name to check the availability of the specific name in India against the MCA and trademark database.

We Suggest the Company to think of three to four elective names during the approval phase of Private Limited Company Registration. The Ministry of Corporate Affairs will be the final authority to approve the name dependent on the availability rules and guidelines.

If your's favored name is taken, do remember that the name of your Company doesn't need to be your brand name. However, in case you're going to trademark your brand name, likewise, check if it has already been trademarked at http://www.ipindia.gov.in/. In the event that it has been trademarked, If it has been trademarked, you would need a no-objection certificate from its owner to have it approved as your company's name.

Documents Required

Identity Proof

Aadhar Card
Driving License
Election Id Card
Passport

Address Proof of Business

Electricity Bill
Rent Agreement + NOC

PAN Card

Passport size Photograph

What do you get?


Everything to open a bank account and Start your business

DSC

Digital signature for two directors to digitally sign the documents

Memorandum of Association

Defines the rules and objective of the business

Articles of Association

Defines the rules and objective of the business

Company PAN
(soft copy)

PAN number of the company to open a bank account

Incorporation Certificate

Certificate of incorporation bearing company's registration number and details

Company TAN
(soft copy)

TAN number of the company

GST Certificate

GSTIN number and Certificate for your company

HIGHLIGHTS

Limited Liability

Limited Liability

Shareholder enjoys limited liability to the extent of capital invested. Shareholder's personal assets protected in the event of the company's insolvency.

Separation of Mangement & Shareholders

Separation of Mangement & Shareholders

Management & shareholders can be separated. A shareholder can invest the fund in fruitful business without managing & Management can operate their business without frequent interruption of investors.

Separate Legal Entity

Separate Legal Entity

A company is a Separate legal entity from its Owners and Management in the eyes of law.

Perpetual Succession

Perpetual Succession

A business of the Company will not affect if there is any change in the ownership of the company.

Easy Equity Funding

Easy Equity Funding

Startups businesses can easily raise funds from investors on an equity basis.

Taxation

Taxation

Every Pvt Ltd Company enjoys for recently announced start-up tax exemption, if meets eligibility criteria.

FAQs on Private Limited Company

A private limited company is a kind of privately-held business entity. This kind of business limits proprietor obligation to their offers limits
It gives creditability to business in the eyes of financial institutions, providers and potential customers. As it causes simpler for companies to get loans at ideal terms from banks or convincing potential customers while going into bargains.
No, new company enrollment is a completely online procedure. As all documents are filed electronically, you shouldn't be truly physically present. You would need to send us scanned copies of all the necessary documents & forms.
TIf you have all the documents in order, it will take no longer than 10 days. It is dependent on the ROC .
The applicants can furnish the minimum of 2 names with their preference order under RUN form. The candidate should follow the rules of the Act or guidelines. The registrar center may ask to re-present the application with an alternate name if names don't fall under the criteria of uniqueness, importance or don't satisfy different necessities.
Any individual over the age of 18 years can turn into the director in the company after acquiring Director Identification Number (DIN). Furthermore, since there are no particular criteria gave regarding citizenship or residency, Even an outside national can likewise turn into a director.
DSC is given as a token issued by Certified Authorities. Any form petitioned for online company incorporation in India will be submitted after affixing the DSC of an Applicant. The digital signature is an online signature used for signing e-forms.
A private limited company does not require any minimum capital to form.
Yes, a salaried individual can turn into the director in private limited, LLP or OPC private restricted organization. One needs to check the work understanding if that takes into account such arrangements. In a lot of cases, the businesses are very OK with the way that their representative is a chief in another organization.
Yes, A company is a legal entity and like an alternate individual established under the Act. It is treated as an alternate individual who can claim property and have obligations or leasers. The individuals (Directors/Shareholders/) of a company have no obligation to banks of a company for a situation company can't pay the obligations.
Yes, NRIs or foreigners can hold shares and be a director of PVT LTDHowever, foreign participation above 50% will place the company under the category of Foreign Company
Authorized 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.; the 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 capita.

Get me more details

Types of Government Registrations

Recommended For

Ease of Accommodating Investment

Limited Liability Protection

Tax Advantages

Perpetual Existence

Statutory Compliances

Private Limited Company
Limited Liability Partnership
One Person Company
Partnership Firm
Sole Proprietorship

Start-ups and growing companies

Very easy to accommodate

Yes

Few benefits

Yes

High

Professional services firms

Possible, but unlikely

Yes

Most efficient

Yes

Low

Sole promoters

Possible, but severely unlikely

Yes

Few benefits

Yes

High

Home businesses

Almost impossible

No

Minimal

No

Minimal

Small traders and manufacturers

Impossible

No

Minimal

No

Minimal

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