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Private Limited Company Registration

Get in touch with Certifications Bay, India’s top compliance service provider, and expedite your private limited company registration process. Our action-oriented approach ensures that we invest sustained efforts to complete the registration promptly. Contact us now to learn more about how we can help you with incorporating your private limited company.

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How much it cost to Register Business in India?

The cost of establishing a business in the India varies significantly, depending on a range of factors, such as:

  • Type of business
  • Location
  • Specific licensing requirements

Offering all-inclusive business setup services in India, we understand these complexities and offers a comprehensive cost calculator. This tool provides a transparent estimation of all expenses involved in setting up your business in India. With CertificationsBay’s cost calculator, you can strategically plan your investment, making the journey toward business establishment more transparent and manageable.

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What is a Private Limited Company?

Section 2 (68) of the Companies Act 2013 states that a Private Limited Company is a type of company whose Article of Association (AoA) restricts the transfer of shares and limits the number of public subscribers. In essence, a Private Limited Company is a business entity that is privately owned, often by non-governmental organizations, small shareholders, or members of a company.

Advantages of a Private Limited Company

Limited Liability: Limited liability is a significant advantage of Private Limited Companies. This means that in the event of financial distress, members are only liable to pay up to the nominal value of their shareholding, and nothing more. For example, if the company is unable to repay a loan, the members are only responsible for the amount they own towards their shareholding. As a result, members are not required to pay any unpaid amount of the loan beyond their shareholding.

No Minimum Capital Required: When registering a Private Limited Company online, there is no requirement for a minimum capital amount. This means that you can start the company with as little as Rs. 1 lakh as the total authorized share capital.

Separate Legal Entity: The concept of a separate legal entity means that the assets and liabilities of a Private Limited Company are distinct from those of its directors. This separation of management from ownership allows for greater flexibility and protection of personal assets in case of any financial or legal issues faced by the company.

Perpetual Succession: The term “perpetual succession” refers to the uninterrupted existence of a Private Limited Company, which means that the departure, death or bankruptcy of any member will not affect the company’s operations. For instance, if one out of 200 members of a Private Limited Company dies or leaves, the company will continue to exist uninterrupted, thanks to the benefits of online company registration. Moreover, due to the optional registration, other sole proprietors may also use the same name.

Credibility: The public availability of details related to a Private Limited Company enhances the company’s authenticity and credibility. This, in turn, helps to build trust among customers towards the company.

Helps in Equity Raising: A Private Limited Company has the authority to raise equity funds from sources such as Private Equity Firms and other similar entities, allowing the promoters of the company to raise capital and grow the business.

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Reasons to Choose CertificationsBay for Private Limited Company Registration

  • Successfully completed 500+ Business registrations in India.
  • Solid Network /CAs/CPAs.
  • Fintech Licensing Experts with Decades of Experience.
  • Experience of Resolving Tax Disputes worth over 2500 Crores.
  • Worked with over 1,000+ Entrepreneurs across the Globe.
  • Online  Service Delivery Platform ensuring Timely Support.
  • Maintained Consistency with 99.7% Client Recommendations.
  • 100+ Queries for Business registration in India Daily.

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How to start Private Limited Company Registration with CertifiactionsBay

Follow the steps below to Register you Partnership Firm with CertificationsBay experts support.

Documents Required for Private Limited Company Registration in India

  • Photocopy of PAN card of the directors.
  • To provide address proof for the directors, you need to submit documents such as Voter ID card, Driver’s License, Passport, etc.
  • Proof of registered office address can be provided through documents such as electricity bills, telephone bills, or any other utility bills.
  • Passport-sized photographs of the directors and shareholders.
  • Occupation of directors.
  • Share capital amount and preferred shareholding ratio.
  • In case of owned premises, you must provide the ownership and sale deed as proof.
  • If the registered office of the company is rented, you must submit a valid rent agreement along with a No Objection Certificate (NOC) from the landlord of the premises.
  • Proof of nationality is required for foreign national members.

Our team of expert consultants is well-equipped with the necessary resources to assist you in providing the required documents for Private Limited Company registration in India. We believe in ensuring complete transparency with our clients, which is why we take the time to educate them on the process of incorporating a private limited company. We prioritize the needs of our clients and work towards their satisfaction.

Private Limited Company Registration Process

  • The first step in online company registration is to verify the availability of the desired company name.
  • After finalizing the name of the company, the next step is to apply for a Digital Signature Certificate (DSC) and Director Identification Number (DIN).
  • After obtaining the Digital Signature Certificate (DSC) and Director Identification Number (DIN), the next step in registering a private limited company is to prepare and file the Memorandum of Association (MoA) and Articles of Association (AoA) with the Registrar of Companies (RoC).
  • After the registration process is completed, the next step is to file an application for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) of the company. These are mandatory for conducting business operations and complying with tax laws in India.
  • Certificate of incorporation, PAN & TAN will be issued.
  • Finally, after obtaining the certificate of incorporation and PAN/TAN, the private limited company can open a current account in the name of the company with any bank of their choice.
    Additionally, the application form must be accompanied by all the necessary documents as per the requirements for online company registration.

Certifications Bay, as your private limited company registration consultant, will provide comprehensive assistance throughout the process of online company registration in India. Our services include assisting with proper documentation, checking the availability of the company name, and filling out the application form.

We understand the value of time and coordination, which is why we ensure proper follow-ups and acknowledgment to meet our clients’ needs. Our services go beyond mere paperwork and applications to ensure that your private limited company registration process is smooth and hassle-free.

Requirements for Registering a Private Limited Company in India

  • A minimum of two shareholders and two directors is necessary to establish a private limited company.
  • In a private limited company, the directors and shareholders can be the same individuals.
  • The company must have at least one director who is a resident of India.
  • There is no requirement for a minimum amount of capital to be deposited during the incorporation of a private limited company.
  • The digital signatures of the first directors are mandatory for private limited company registration.
  • Each director of the company must obtain a Director Identification Number (DIN) before being appointed as a director in a private limited company.

How We Assist You in Private Limited Company Registration?

  • We will help you ensure that all necessary documentation is in order to facilitate a smooth registration process.
  • We will assist you in filling the application form.
  • We will ensure to monitor the status of your Private Limited Company Registration application and keep you informed of its progress.
  • We will work closely with officials to ensure timely follow-up and resolution of any issues that may arise during the Private Limited Company Registration process.
  • If requested by the authorities, we will provide assistance to help you meet any additional requirements necessary for the Private Limited Company Registration process.
  • We will directly liaise with the relevant authorities to ensure that all requirements for Private Limited Company Registration are fulfilled in a timely and efficient manner.
  • We are committed to providing you with the most satisfactory solutions to any concerns or queries you may have regarding the Registration process.

CertificatonsBay has a team of legal professionals who deal with these issues, give our clients the right advice without distorting the truth, and deliver the certificate and license within a reasonable time. Connect with CertificationsBay today to avail our quality services.

FAQs on Partnership Firm Registration in India:

What is a Private Limited Company?

A Private Limited Company is a type of business entity registered under the Companies Act, 2013, with limited liability for its shareholders and certain restrictions on ownership. It is a separate legal entity distinct from its members.

Why should I choose a Private Limited Company structure?

Opting for a Private Limited Company structure offers limited liability protection to its shareholders, separates personal assets from business liabilities, enhances credibility, and facilitates easier access to funding and investments.

What are the requirements to register a Private Limited Company in India?

The requirements typically include a minimum of two directors and shareholders (who can be the same individuals), a registered office address in India, a unique company name, and compliance with statutory regulations.

How long does it take to register a Private Limited Company in India?

The registration process usually takes between 15 to 30 working days, depending on various factors such as document submission, government processing time, and the accuracy of information provided.

What documents are required for Private Limited Company registration?

Commonly required documents include identity and address proofs of directors and shareholders, proof of registered office address, Memorandum of Association (MOA), Articles of Association (AOA), and a PAN card. Contact us for complete list of documents requirements tailored for you need.

Do foreign nationals or Non-Resident Indians (NRIs) need special permissions to register a Private Limited Company in India?

Foreign nationals and NRIs can register a Private Limited Company in India, subject to compliance with the Foreign Direct Investment (FDI) regulations and obtaining necessary approvals such as Director Identification Number (DIN) and Digital Signature Certificate (DSC).

What are the ongoing compliance requirements for a Private Limited Company after registration?

Post-registration, a Private Limited Company needs to comply with various statutory requirements such as filing annual returns, conducting regular board meetings, maintaining financial records, adhering to taxation regulations, and updating changes in company details with the Registrar of Companies (ROC).

Can I convert my existing business structure into a Private Limited Company?

Yes, it is possible to convert existing business structures like sole proprietorship or partnership into a Private Limited Company through processes such as conversion or incorporation, subject to meeting eligibility criteria and following legal procedures.

How can I get assistance with the Private Limited Company registration process?

You can receive expert guidance and support for the Private Limited Company registration process through Certifications Bay. Our team of experienced professionals specializes in providing comprehensive services tailored to your specific requirements

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