Private Company Registration: Empowering Your Business
Achieve compliance success for your Pvt.Limited Company through our tailored services. Enjoy easy incorporation, minimal maintenance, and efficient operations as we navigate the complexities of legal adherence for you.
* Excluding Govt. Fees & DSC Charges
Overview
Most of the businesses are running in India in form of a Pvt.Ltd.Co.. Registration of Private Ltd Company involves lesser fee, basic documents and there is no minimum paid-up capital requirement thereof.
Section 2(68) of Companies Act, 2013 define private company as:
“Private company” means a company which by its articles,
(i) restricts the right to transfer its shares;
(ii) except in case of One Person Company, limits the number of its members to two hundred:
Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member:
Provided further that—
(A) persons who are in the employment of the company; and
(B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased,
shall not be included in the number of members; and
(iii) prohibits any invitation to the public to subscribe for any securities of the company;
How to set up a Private Limited Company
- Apply for Digital Signature of proposed subscribers and directors of the Company
- Ascertain name of the Company and check the availability of the same in accordance with section 4 of the Act and Rule 8 of the Companies (Incorporation) Rules 2014.
- File name application in PART A of web based form SPICE+ available on V3 of MCA portal, applicant can file two proposed name in this web based form, after approval of name, file incorporation documents in PART B of web based form SPICE+.
- Alternatively, applicant can directly file name and incorporation application together in SPICE+, by filing PART A and PART B simultaneously but it may be noted that through Spice+ only one name can be applied and all documents of the Company to be filed in such proposed name.
- Proposed directors of the Company can also apply for DIN in same form if they are not holding DIN prior to application. Maximum three directors can apply for DIN allotment at the time of application.
- Applicants needs to submit below given documents with Spice+
- E- Memorandum of Association in form INC 33
- E-Articles of Association in form INC-34
- Proof for Registered Office
- Declarations in prescribed format
- Id and Address proof for subscribers and directors etc.
- Spice+ will be submitted along with E- Form INC-9 and AGILE-PRO for application of GSTIN, EPFO,ESIC, Profession Tax, opening bank account.
- After scrutiny by the Registrar at Central Registration Centre, in case of any deficiency the Registrar may call for additional documents or clarification after providing a chance to resubmit form in 15 days, however if all the documents and details are appropriate than Registrar will issue Certificate of incorporation in form INC-11.
- After incorporation, Company is required to file a declaration in form INC-20 A within 180 days of incorporation. This declaration will state that that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him and Company has verified its Registered Office.
Advantages
Minimum Requirement
- 2 Directors
- 2 Shareholders
- 1 Registered Office
- No threshold limit of capital
Documents requirement:
- Self attested PAN Card of Director and Shareholders
- Self attested Aadhar Card of Director and Shareholders;
- Passport size Photos of Director and Shareholders;
- Mobile Number of the Director and Shareholders;
- Mail Id of the Director and Shareholders;
- Self attested proof of Residence of Director and Shareholder (any one of the below):
- Bank Statement
- Electricity Bill
- Gas Bill;
- Mobile Bill
- Self attested proof of Registered Office (Any one of the below):
- Electricity Bill
- Gas Bill;
- Mobile Bill
- NOC from the owner of the Property for usage of Registered office
What is included in this
FAQs
Yes, minimum requirement is 2, a private company can have maximum 15 Directors.
Minimum 2 shareholders are required for creating a private limited company. But you can opt of creation of one person company if you wish to manage business alone.
MOA is Memorandum of Association, which is principle document of any Company, it contains, the NAME, PLACE, OBJECTS, CAPITAL AND LIABILITY clause which defines the business of any Company.
AOA is Article of Association, which lays down the rules and regulations beyond which Company cannot operate.
DIN is Director Identification Number, which a 6 digit number allotted by Ministry of Corporate Affairs to given unique Identity to each director
DSC is Digital Signature which comes in a pen drive like token and it is equivalent to a physical signature
Particular | Limited Liability Partnership | Private Company |
Act | LLP is governed by LLP Act, 2008 | Companies are governed by Companies Act,2013 |
Primary Document | LLP agreement | Memorandum of Association Article of Association |
Name | Name shall have word “Limited Liability Partnership” | Name shall have word “Private Limited Company” |
Minimum number of partners/ directors | Minimum 2 Designated Partners | Minimum 2 Directors
|
Maximum number of partners/members | No limit on maximum partners | Maximum 200 with exclusions given in definition |
Books of Accounts | Within 6 months from end of financial year, prepare statement of asset & liability and shall be signed by designated partners
| Within 6 months of end of financial year, prepare Balance Sheet and Profit and loss account to be adopted by members of the Company at Annual General Meeting
|
Annual Return | File E Form 11 within 60 days from end of financial year | File E Form MGT 7 within 60 days from the date of adoption of accounts at Annual General Meeting.
AGM should be held prior to 30th September
|
Statement of Accounts | File E Form 8 within 6 months of closure of financial year | File E form AOC 4 within 30 days from the date of adoption of accounts at Annual General Meeting
AGM should be held prior to 30th September
|
Compliance | Lesser Compliance in comparison to Private Company | Various Compliance |
