Private Limited Company
A company formed by minimum two persons as shareholders having the following features.
- Name of the company ends with the words 'Private Limited'
- Minimum paid up capital INR 100000
- Minimum two Directors
- Maximum number of members is limited to 50
- Restriction for transfer of shares
- Prohibits invitation to the public to subscribe shares of the company
- Prohibits acceptance of deposit from the public.
Incorporation Of A Private Limited Company In India – Procedures And Steps Involved
Stage I – Pre-registration Process
Basic requirements for registering a private limited company are as follows:
The proposed Director should have a valid DIN (Director Identification Number) allotted by the Ministry of Corporate Affairs. One of the Directors should have a valid Digital Signature Certificate issued by the Certifying Authorities approved by the Ministry of Corporate Affairs.
It may take 3 to 5 working days for obtaining DIN. Digital Signature can be obtained in an hour.
Click here to get a DIN (Director Identification Number).
Click here to get a DigitalSignature.
State II – Name Availability
Company Registration in India starts with filing of an application for Company Name. The chosen name for a company should be unique all over India. Usually in a day or two, concerned ROC approves the name if the applied name is not same or closely similar to the name of an existing company and the proposed name is in accordance with the Guidelines for Name Availability issued by the Ministry of Corporate Affairs (MCA).
Click here to see the Table of Key Words / Rules controlling Authorised Capital.
Stage III – Documentation
On getting the company name approved by the office of ROC, the following documents need to be drafted in line with the requirements of Companies Act
- Memorandum of Association (MOA)
- Articles of Association (AOA)
On finalizing the MOA and AOA, necessary stamp duty needs to be paid and the same should be subscribed/ signed (by own hand and signature) by promoters (first shareholders) after writing his name, fathers' name, residential address and occupation. A registered company can subscribe these documents though a representative authorised by a resolution / specific power of attorney by the Company.
State IV – Filing and Registration
After execution of MOA and AOA, the same has to be field with the with ROC along with the following forms through MCA Portal:
- Form 1 (Declaration)
- Form 32 (Details of Directors)
- Form 18 (Details of Registered Office of the company).
Private Limited Company Registration
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is fifty. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
Private Limited Company Registration Process
Private Limited Company Registration
Taxraj.com can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time.
Obtaining DSC & DIN
Digital Signature Certificate(DSC) and Director Identification Number(DIN) is requried for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
A minimum of one and a maximum of six propsed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorpration in 5 to 7 days, subject to their processing time.
Our Standard Package includes all the essentials needed to start your Private Limited Company, Share Certificates, Directors ITR for 2 years and Company Folder. Talk to our Business Advisors today to know more or get started.
Rs. 20000/- all inclusive fees