Private Limited Company Registration
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How To Register A Private Limited Company?
Registering a Company is quick, easy, and can be done online with Legalguard.in in 3 simple steps.
We help you obtain digital signature certificate.
We draft and file the documents required for registration (MoA, AoA & Declarations).
We help you with the post-registration formalities and compliances.
Private Limited Company Registration in India - An Overview
YOU CAN NOW REGISTER A PRIVATE LIMITED COMPANY IN INDIA AT JUST RS. 6,999 (ALL INCLUSIVE)*
Setting a Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in a private limited company, directors may be different from shareholders.
Legalguard.in, your leading legal consultant, offers quick Company Registration service in India at nominal pricing. Here you will find how you can register your company.
We take care of all legal formalities and fulfil the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration, you receive a Certificate of Incorporation (CoI), along with PAN and TAN.
Why Choose Company Registration?
Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business -
- Shield from personal liability and protects from other risks and losses.
- Attract more customers
- Procure bank credits and good investment from reliable investors with ease.
- Offer liability protection to protect your company’s assets
- Greater capital contribution and greater stability
- Increase the potential to grow big and expand
Checklist for Registering a Company in India
As defined under the Companies Act 2013, we have to ensure the requirements of the following checklist
A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the company, at least one must be a resident of India. A private limited company can also be registered with only 1 director but that is called one person company (OPC).
The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
Minimum Capital Contribution
There is no minimum capital amount for a company. A company can be registered even with a capital of Rs. 1,000/-
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office.
How to Register Company Online - A Detailed Registration Process
Company Registration in India will boost the progress of startups and provide an additional edge over those who have not registered. The Ministry of Corporate Affairs governs the company registration process with rules and regulations framed following the law.
- Step 1: Application for DSC (Digital Signature Certificate).
- Step 2: Application for the name availability.
- Step 3: Filing of the eMoa and eAoA to register a private limited company along with ESI-PF, PAN & TAN application
- Step 4: Issued certificate of incorporation by RoC with PAN and TAN
Search a Company before Company Registration
One of the primary steps in Company Registration is to ensure that the company name has not already been taken by another legal entity. We can run a company name search to check the availability of the particular name in India against the MCA and trademark database.
The Company name can be checked in MCA Database
and in Trademarks Database
We recommend the businesses to come up with three to four alternative names. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability rules and regulations.
If you are disappointed that a preferred name is taken, do remember that the name of your company doesn't have to be your brand name.
Documents Required for Online Company Registration
In India, Private Limited company registration cannot be done without proper identity and address proof. These documents will be needed for all the directors and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the online company registration process.
Identity and Address Proof
- Scanned copy of PAN Card. Foreign nationals must provide a valid passport (Shareholders and Directors)
- Scanned copy of Voter’s ID/Passport/Driver’s License/Aadhar (Shareholders and Directors)
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill (Shareholders and Directors)
- Latest Passport size Color photograph of all the promoters (Shareholders and Directors)
For foreign nationals, an apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.
Registered Office Proof
- Latest & Clear Telephone Bill/Electricity Bill/ /Water/Gas Bill of the registered office address
- No Objection Certificate from the owner(s) of the premises of the registered office.
Note: Your registered office need not be a commercial space; it can be your residence too.
What you get after Company Registration
Legalguard.in Company Registration Package Includes:
Access To Experts
We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.
By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.
With a team of over 150 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.
Frequently Asked Questions
Do I need to be physically present during this process?
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
What are the rules for picking a name for a private limited company?
There are very comprehensive rules for Company names. Basically, the first word should be a noun, followed by the word depicting the business of Company (not necessary but advisable), followed by the words Private Limited.
What is a DSC?
DSC i.e. digital signature certificate is required to electronically sign the documents required to be filed for registration of a Company. It is made by submitting identity documents with a certifying authority and downloaded in a token like a pen drive.
What are articles of association and memorandum of association?
These documents contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.
Are 2 directors & 2 shareholders necessary for a Private Limited Company Registration?
Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a One Person Company if you are the sole owner of the company.
Can the director of a private limited company also be a salaried person?
Yes, a salaried person can become the director in private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.
Can one register a Private limited company on their home address?
Yes, one can register the company at their residential address. One requires to submit the utility bill copy of the same.
If there are no partners available, then can one register their family members in the company?
Yes, it is a good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors.
What is authorised capital and paid up capital?
The authorised capital is the maximum value of equity shares that can be issued by a company. Paid-up capital is the amount of shares issued by the company to shareholders. Authorised capital can be increased any time after incorporation to issue additional shares to the shareholders.
Can Directors & Shareholders be the same persons?
Yes. The Directors & Shareholders can be the same persons in a Private Limited Company.
Is it necessary that the utility bill being submitted as office addres proof should be in the name of director or shareholder?
No. It can be in the name of any person other than a director or shareholder.
What is the time taken by Legalguard.in in forming a Private Limited company?
We can register a Company as early as 4 days. The time also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure speedy registration, kindly pick a unique name as the proposed Company name and also ensure that you have all the required documents prior to the starting of the registration process.
Can NRIs/Foreign Nationals become Director in a Private limited Company?
Yes, a NRIs and Foreign National can become Directors in a Private Limited Company. They can also be a majority shareholder in the company. Provided at least one Director on the Board of Directors should be an Indian Resident.
What are the mandatory post incorporation compliances for companies?
Can the address of directors & shareholders be different than registered office address of Company?
Yes. Even the state of directors & shareholders can be different from the state of the registered office address of the Company.
Can directors & shareholders be from different states?
Yes. They can be from different states. Even any of them can be a foreign citizen also.