Private Limited Company Registration in India
Through 100% online process, we provide fast and economical service to register a private limited company.
What is a Private Limited Company in India?
A Private Limited Company sometimes written in short as Pvt Ltd. is one of the most popular types of business entity in India.
It is formed by a minimum of 2 directors or 2 people. Private Limited Company registration is defined by stating the objectives in Memorandum of Association and Articles of Association.
The business entity can be owned by a group of members called shareholders with a minimum requirement of 2 members or shareholders or subscribers. The maximum number of subscribers for a private limited company is 200. Once exceeding the limit, a private limited company ceases to exist and becomes a public limited company with more stringent compliance requirements.
Typically, Indian startups and businesses with the idea of raising investment and scaling up to reach the sky opt for a Private Limited Company as ownership of the company is defined by shareholders.
Private Limited company gets recognised as a Company through its registration under Companies Act of 2013. The governing body is the Ministry of Corporate Affairs, widely known as MCA, please take a look of the website mca.gov.in
Tax benefits from Private Limited Company
Private Limited Company Registration Benefits
Director can take remuneration as salary that can be claimed as “Expenditure” in the hands of the company and is exempt in the hands of individuals under prescribed limits.
A company may pay a sitting fee to a director for attending meetings of board or committee thereof.
Deductions of company formation expenses (Preliminary Expenses) can be claimed and taxes can be saved
Deductions of Rent expense if property/office is on rent can be claimed as “Expenditure” in the hands of company and is exempt in the hands of individual under prescribed limit.
Salary expenditure of a Family Member deductible in the hands of company and exempt in the hands of individual under prescribed limit i.e. Dual savvy of tax
Entertainment expenses, Meeting expenses and Director’s Vehicle Expenses accounted in the books of the company can also be claimed as deduction.
Private Limited Company Registration FEES: How much does it cost to start a private limited company in India?
The Cost of Private Limited Company Incorporation / Registration of Pvt Ltd Company would start around INR 5,000/- to INR 20,000+ depending upon the No. of Directors, No. of members, authorized share capital and Professional fees.
Professional fees vary on the complexity of the business formation
How to search a pvt ltd company registration name availability?
Go to MCA’s official website
The Registrar of Companies (RoC) which is part of MCA across India expects applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval.
The first part of the name should be a unique and not similar or trademarked name. The second part/suffix should be describing the area of business. The name will be For Eg., Amazon Internet Services Private Limited
Abbreviations, adjectives and generic words are rejected.
Consult us for specific advice on getting your desired legal name for your company
Documents required to register a Private Limited Company
Utility Bill as proof must be Latest less than 30 days old,
NOC from owner of premises + Rental agreement OR sale deed,
Signed Declaration (s) from Promoters,
Email of company,
Mobile of company
Address Proof Documents
Bank Statement or Passbook with the transaction entry less than 30 days old,
Electricity Bill in the name of the promoter less than 30 days old,
Telephone bill, or any other Mobile Bill less than 30 days old,
Utility bill in the name of promoters like Gas Bill less than 30 days old,
Photographs of Directors,
PAN Card of Each Director,
Passport if available,
Address Proof of Promoter ,
Mobile Number (personal),
NOTE: Further documents and scrutiny can be made on a case by case basis which is beyond our control.
Private Limited Company Registration Process
To register a Pvt Ltd Company, it takes minimum of 5 working days* to process if all documents are received without any issues.
The issues arise when there is name mismatch between identity documents of directors.
We will help you with all the documents through our Documents verification team.
Frequently Asked Questions
1. Minimum 2 directors shall be appointed, out of which one must be a resident of India.
2. Minimum 2 shareholders are required for this registration. Here, an individual may become shareholder and director at the same time.
3. A place of business in India must be provided as a registered office address.
- The opening of the company’s current account within 30 days after receiving the PAN card.
- Appointment of a Statutory Auditor
- Depositing paid-up capital as mentioned while registration
- Issue and allotment of shares
You’ve Come To The Right Place
You’ve Come To The Right Place
We are experts in business formation and we have helped lot of people in starting their business across a variety of industries. We provide you fully online Company Registration process and Trademark Registration at industry’s lowest price. Our services help you reduce liability with keeping your business compliant.