Private Limited Company Registration

Ideal for small and medium-sized business starting at Rs. 3250 (Excl Govt Fees & Taxes)

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.

A Great Start for Startups, a Private Limited Company Gives the Right Backups!

Lets Help You Get Registered with the Best Processes!

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Benefits of a Private Limited Company

As an entrepreneur interested in raising money from a venture capitalist, angel investors, hedge funds, or private equity funds you should opt for a private limited company. Such a company has the option of raising equity capital from anybody or any entity willing to become a shareholder.
When a private limited company is incorporated it is seen as an artificial judicial person. It is a separate judicial body. As a separate judicial body, a company has the power to buy its assets and even borrow its own funds. On the other hand, the shareholders of the company are liable for its debts only to the extent of shares they own.
In a private limited company, your liability as a shareholder is limited to the extent to the amount unpaid, if any, on the shares held. If the company commits a default, your personal assets cannot be liquidated.
A private limited company being taken as an artificial judicial person, it is protected from any effect due to the retirement, departure, or even death of any of its directors. Your private limited company will continue to exist until you wind it up through legal procedures.
Once you own a private limited company, you acquire a professional image before your vendors and customers, boosting your business valuation. It further gives you a unique identity, increases your trust quotient, opens up new opportunities, and builds a good market for you.
With MyEfilings, registration of a private limited company is quick, easy, and completely hassle-free. Within 10 days you can register your company and start a business.
Once you get a private limited company registration, you can save a significant amount of money on taxes. Dividends have lesser tax deductions as compared to salary, which is why shareholders hold a higher value.
A private limited company opens up better opportunities for growth and expansion. It can raise funds and pay high salaries to attract experts and professionals for the growth and expansion of the company.

Private Limited Company Registration Process

Choose a Plan

You can choose any of our packages based on your requirements.

Name Application and Approval

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.

Apply for DSC

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.

Filing of the Incorporation Form

The form for the incorporation of a company is filed online.

Private Limited Company Incorporation Certificate

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.

Ready to Work!

Congratulations!!! As a private limited company, you are ready to work and take your business to great heights of excellence!

Documentation Needed For Registration

  • 1. Self-attested Copy of ID proof : (Passport/driving license/election card)
  • 2. Self-attested Copy of Pan Card & Aadhaar Card
  • 3. Self-attested Copy of Address Proof: (Bank statement/latest electricity bill/latest mobile bill/latest telephone bill)
  • 4. Rent Agreement / Agreement between Owner & The Company
  • 5. Utility Bill (Electricity bill/Mobile bill/telephone bill)
  • 6. NOC sign by owner
  • 7. DSC Form signed by both the directors
  • 8. DIR 2 signed by both the directors
  • 9. Declaration signed by directors and subscribers

Choose Your Plan

Basic

3250 Excluding Government Fees & Taxes
  • Includes 2 DSC(Digital Signature Certificate) 2 DIN(Directors Identification Number)
  • Company Name Approval
  • Drafting and filing of MOA - AOA
  • Company PAN & TAN Application

Standard

4000 Excluding Government Fees & Taxes
  • Includes 2 DSC(Digital Signature Certificate) 2 DIN(Directors Identification Number)
  • Company Name Approval
  • Drafting and filing of MOA - AOA
  • Company PAN & TAN Application
  • Application for GST Registration

Premium

7500 Excluding Government Fees & Taxes
  • Includes 2 DSC & 2 DIN
  • Company Name Approval
  • Drafting and filing of MOA - AOA
  • GST registration
  • GST Return Filing for3 months (from the date of registration)
  • Free MSME (Udyam) Registration

Post Incorporation Compliances

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.

Opening Bank Account

Opening Bank Account

The first step is to open a current bank account in the name of the company.

Appointing the First Auditor

Appointing the First Auditor

Within 30 days of the incorporation of a company, the Board of Directors should appoint an auditor.

Issue and Allotment of the Share Certificate

Issue and Allotment of the Share Certificate

The timeframe for any company to allot share is within 60 days from the receipt of the application money. Also, within 2 months of the incorporation of the company, you have to issue the share certificates for which paying the stamp duty is mandatory.

Filing the Commencement of Business

Filing the Commencement of Business

You must file the Commencement of Business i.e. form INC 20A within 180 days from the date of the company’s incorporation. This indicates that your company needs to deposit the amount of share capital in the bank.

Annual Complaince

Annual Complaince

Every year, companies are required to file their annual accounts and returns with the income tax and ROC. Myefilings will help you register as well as get your compliances done at an affordable cost.

Statutory registers and records.

Statutory registers and records.

The specific records about a company’s shareholders, directors, and the meetings held are mentioned in a statutory register. The companies are also meant to keep these records along with the normal accounting records.

FAQ'S

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.

Domestic companies (Base rate) (Base rate+ surcharge + CESS)
Companies not availing any exemptions or incentives 22% 25.17%
Manufacturing companies that do not avail any exemptions or incentives and started after 1st October 2019 15% 17.16%
Companies availing incentives or exemptions 25% 25%+ surcharge + CESS (4%)