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A private limited company is a highly popular corporate body in India. The private limited company registration in India is governed by the Ministry of Corporate Affairs (MCA). A private limited company is a form of privately owned small business entity that requires a minimum of two shareholders and directors.
To set up a company in India, make sure to register your company under the Company Act, 2013. A registered company can avail various benefits right from an effortless registration to hassle-free dissolving of the company whenever required.
Further, a private limited company offers limited liabilities for its shareholders, restricts its shareholders from openly trading shares, and allows easy fundraising from outside, making it a preferred option for startups and growing companies. Shareholders have the power to provide stock options to their employees thereby attracting top talent into their company.
MyEfilings is here to help you leverage all these benefits. As your service provider, we get your Pvt. Ltd. Co. registration done at the most affordable price with the best of services.
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For Private Limited company registration you need to apply two different names in line with business with the MCA, from which one of the names is selected and approved. You can also use the free name search facility available on the MCA portal. This provides a list of names closely resembling existing companies.
All the promoters should acquire DSC (Digital Signature Certificate) for a Pvt. Ltd. Company Registration. You can get a DSC approval in two days. It is used to digitally sign the e-forms.
The form for the incorporation of a company is filed online.
It will take you only 10-15 days to get a private limited company incorporated. Once you get it incorporated you will obtain a certificate as proof of your company formation.
Congratulations!!! As a private limited company, you are ready to work and take your business to great heights of excellence!
Once the registration of Private Limited Company is done, it is subjected to follow all the compliances, without fail, cited under various regulations. Failure to adhere to the same may result in huge penalties and even disqualification of the directors of the companies.
In a private limited company, any person who is 18 years old or above belonging to any nationality can become a director. However, there must be at least one director in the private limited company who is an Indian resident.
Any amount of capital can be used to start a private limited company.
Yes, in a private limited company even NRIs and Foreign Nationals can become directors if they obtain a DIN from the Indian ROC. At least one of the directors on the Board of Directors is an Indian resident. The company can have NRIs and Foreign Nationals as shareholders in the company.
Private limited company incorporation can apply for only two names through MCA.
At the time of incorporation of a private limited company, only three DINs can be applied. Other directors can be appointed only once the company incorporation is successfully done.
There is no limit on the subscribers to the memorandum in a private limited company. However, in case of more than seven subscribers, you have to fill a physical AOA and MOA or an e-MOA and e-AOA for incorporation.
Yes, all subscribers and one of the directors must have a DSC. It is also mandatory for witnesses in eMoA (INC- 33) and eAoA (INC-34). When the maximum number of subscribers is not more than seven, you can use an eMoA and eAoA. However, when the number of subscribers is more than seven, you have to manually attach an MoA and AoA to the SPICe. In such cases, DSC is not mandatory.
No, you do not need to apply separately for the PAN and TAN. You can apply for both in the incorporation form itself.
Yes, in India a private limited company has the power to attract FDIs and venture capitals. private limited companies hold great potential for growth and expansion.
The maximum amount of share capital the Memorandum of Association authorizes the company is the authorized capital of a private limited company. The amount of money for which shares are issued to the shareholders and, in turn, the payment is made by the shareholders is the paid-up share capital of a company.
Yes, for foreign subscribers and directors, you need to apostille and notarize all their documents.
The entire process of incorporation is carried out online through the Ministry of Corporate Affairs. Whether you are an individual, director, or subscriber, you do not need to be physically present.
For private limited company incorporation, you need to have a minimum of two directors and two shareholders along with DSC of all shareholders. Also, you need to have the address proof of the registered office and the identity proofs and address proofs of all the directors and shareholders.