Pvt Ltd Company Registration in India -OnlineProcess, Fees, Documents Required
Private Limited Company is the easiest and most authentic way of company incorporation in India. Most people choose this form of business registration because of its beneficial features like limited liability and separate legal entity for its shareholders and directors. More than 90% of registered companies in India are Private Limited Companies . It is the most popular form of company registration as it provides reputation and credibility to the business in the market. Get to know the process, fees, and requirements of Private Limited Company registration.
What is a Private Limited Company?
Private Limited Company is a type of business entity that a small group of people privately and collectively holds. It is incorporated under the Ministry of Corporate Affairs. This type of business entity offers limited liability for its shareholders, and shares can only be traded privately. It has a minimum of 2 members and a maximum of 200 members. Shareholders are considered as the owners of the company, whereas directors are considered to be the key managerial persons (KMP) of the company, while in an LLP, partners are the owners as well as KMPs of the company.
Incorporating a Private Limited Company is the right choice, as it facilitates taxation benefits, credibility, business expansion, and quicker sanction of business loans. It promotes the easy way for A capital formation and pooling of funds through members.
Benefits of Private Limited Company Registration
Let’s take a closer look at the benefits of Private Limited Company registration in India:
1. Improves Credibility:
Private Company improves credibility by being registered as a corporate entity.
2. Attract Funding:
Syndicate both equity and debt funds to have an optimal capital structure.
3. Foreign Investment:
Business may attract foreign direct investment (FDI) under the automatic route.
4. Separate legal Entity:
A Private Limited Company is a legal entity in its own right, allowing the business owner to keep their assets separate from the business itself. This means that the business owners aren’t subject to any personal liability.
5. Easy Exit Plan:
It has an Exit plan through sale or dilution of equity of the Company.
6. Limited Liability:
It helps in protecting personal assets of the owners with limited liability protection.
7. Easy Transferability:
Ownership of a business can be easily transferred in a company by transferring shares.
Minimum requirements of Pvt Ltd Company registration
As per the Companies Act 2013, there are minimum requirements that need to be met for company incorporation online.
Pvt Ltd(Private Limited) Company Registration Process in Delhi
Step 1: Apply for Digital Signature Certificate
As part of the company incorporation process, it is important to obtain a Digital Signature Certificate from the government for the online company registration Process. A DSC or a Digital Signature Certificate works as proof of identity of the director of the company and it is required to sign digital forms while registering for the company incorporation online.
Step 2: Reserve a unique Business Name
The next step after getting DSC is to reserve a Unique name for your business and make sure that the business name cannot be identical or same as any other registered business as per the details mentioned in Rule 8 of the company Incorporation Rules.
You can use our Name Search tool to check for the availability of the unique name for your private limited company.
Step 3: Filling of SPICE Form (INC-32)
After the name approval, the details of the company registration have to be drafted in the SPICE+ form on the MCA portal. It is a detailed Proforma for registering a private limited company online in Delhi. You are required to fill in all the details mentioned below.
Fill in the Details of the company.
Details of its Members and Subscribers.
♦ Apply for Director Identification Number(DIN)
♦ Apply for PAN and TAN
♦ Declaration by Directors and Subscribers
♦ Declaration & Certification by professional
Step 4: Filing of MoA and AoA
SPICE e-MoA (INC-33) and e-AoA (INC-34) are the forms which have to be drafted while applying for online company registration in Delhi. MoA is defined under section 2(56) which tells about the objectives and goals of the company and AoA is defined under section 2(5) of the Companies Act, 2013, which defines the internal working and management structure of the company.
Step 5: Issuance of PAN, TAN and Certificate of Incorporation
Post approval of the aforementioned documents from the Ministry of Corporate Affairs, the department will issue documents such as PAN, TAN, Certificate of Incorporation, etc.
Register your Private Limited Company Online with Monitrix
The process of registering your company as a Private Limited Company is complicated and involves various compliances. Our experts at Monitrix Corporate Services can simplify the whole registration process for you. Register your company online in 3 easy steps:
Documents Required for registration of Private Limited Company
In order to register your private limited company in India, you need to provide proper identity and address proof. These documents are required for directors and shareholders of the company which will be submitted to the Ministry of Corporate Affairs (MCA) portal.
Identity and Address Proof of Directors & Shareholders
♦ Passport size photographs of the directors
♦ Copy of Aadhar Card
♦ Copy of Driving License or Voter ID
♦ Copy of PAN Card
♦ Copy of bank statement or utility bill (not older than two months)
♦ Copy of Passport (in case of foreign national or NRI)
Address Proof of Registered Office
· ♦ Copy of electricity or any other utility bill (not older than two months)
· ♦ Rent agreement (if rented)
· ♦ No Objection Certificate (NOC) from the owner of the property
Note: It is not mandatory to own a commercial business premise for incorporation. One can use their home address proof for registration of the company.
Private Limited Company Registration Fees
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The total cost of Private Limited Company registration in India, including government and professional fees, starts from Rs.7,499 and takes around 7- 10 working days.
|
Steps |
Fees (Rs) |
|
Digital Signature Certificate Fee |
3,000 |
|
Government Fee (Stamp Duty) |
1,500 |
|
Professional Fees |
3,999 |
|
Total Cost |
8,499* |
What is the time required for registering a company?
On average, it takes around 7-10 working days to register a private limited company in India subject to document verification by MCA.
Why Monitrix?
At Monitrix, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
