Private Limited Company
Registration in India
Register Your Company with
ZERO Professional Fees at Just Rs 7,800/-
Includes All the Government Fees* | DSC Fees | GST Charges as Applicable.
What Is Private Limited Company ?
A private limited company in India is incorporated under the Companies Act, 2013. This Act states that it should have at least two members and can have a maximum of two hundred members. It is the most popular legal structure globally as it gives more credibility to your company.
Further, the Act also specifies certain compliance that is mandatory for a private limited company to safeguard the interest of all the stakeholders. A private limited company in India has more credibility due to more stringent compliance it has to follow.
As per the law, for such legal entities, both directors and members of a private limited company in India have limited liability to creditors of the company. Directors can only sell assets of the company, excluding their personal assets in the case of default, financial institutions or creditors.
Most of the startups and new generation entrepreneurs are opting for private limited companies because of their ease of funding. We can guide and help you with your private limited company registration in India. The process and compliances are the same all over India.
Services Covered
- DIN & DSC of 2 Directors
- 1 copy of MOA & AOA
- Certificate of Incorporation
- Government Fees*
- PAN & TAN card
- Name Search & Approval
Why Choose Us
Work Handled by Experienced Professionals
We provide an affordable service for Private limited company registration in India with almost nil professional fees. This helps you to save nearly 60% of the total cost without compromising the quality of work.
Most Competitive & Transparent Rates
Our team of trained and experienced graduates takes care of your registration process. Independent qualified professionals further verify the process. We follow a strict concept of Maker and Checker.
Legal Compliance
Dashboard
We provide a Legal Compliance Dashboard that acts as your secretary for legal work. It intimates you about the upcoming compliances and hence makes sure that you do not miss any of it.
Results in Numbers
List of Required Documents
Proof For Directors/Shareholders
- Scanned copy of PAN card or passport (foreign nationals & NRIs).
- Scanned copy of AADHAR CARD.
- Latest bank statement or electricity bill.
- Passport size photo.
Proof For Registered Office In India
- Scanned copy of Notarized rental agreement in English.
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
- Scanned copy of No-objection certificate from the property owner.
Minimum Requirements
- Minimum 2 shareholders.
- Minimum 2 directors
- Directors and shareholders can be same person
- At least one director should be an Indian resident.
Advantages
Separate Legal Entity
A private limited company is a separate legal entity and a juristic person established under the Companies Act, 2013. A member of a company has no personal liability to the creditors of the company for companies’ debts. Hence the distinct legal entity assures that personal interest of members is safeguarded.
Easy to get funding in the form of Loan or Investment.
Most of the companies vouch for the funds in a year or two to expand its magnitude. Since private limited company has more transparency due to mandatory reporting and audits, results in higher credibility. Due to which all the banks and venture capital are more likely to assist a private limited company.
Limited liability of Members
Being a separate legal entity in the eye of law liabilities of the members is limited to their share capital only. Hence it protects the personal assets and income of shareholders at times of any financial crisis faced by the company.
Perpetual existence of business.
Since a company is an artificial judicial person in the eye of law, its existence is not affected by removal or leaving of its shareholder and directors. Directors of the company are merely an agent of the company and do not affect the company if they leave.
Tax Benefit
Against the most of the organization that is being taxed at the rate of at least 30% in India, the Private limited company is taxed at a rate of 25% if the turnover is less than Rs 400 crores.
Tax Benefit
Against the most of the organization that is being taxed at the rate of at least 30% in India, the Private limited company is taxed at a rate of 25% if the turnover is less than Rs 400 crores.
Frequently Asked Questions
In India, a minimum of two members (shareholders) are required to start a private limited company, and there can be a maximum of 200 members.
A private limited company should have a minimum of two directors to start a company. This director and shareholders can be the same or different person. However, as per the Companies Act 2013 at least one of the directors should be Indian residents.
No, you can start your private limited company from your own home or a rented place also. In such a case, the home will be treated as the registered office of your company. The only criteria for the same is that a place should be within the territorial boundaries of India.
Yes, your family members like your brother, sister, parents or any relatives can become a part of your company. The following people cannot be a part of the company: minor, criminally prosecuted, unsound mind, declared bankrupt.
No, if you are registering your company with us, then you only need to provide us with the required details, and within a period of 10 to 15 days, we will register your company in India.
No, we have a team of professionals that includes chartered account and company secretary who will take care of your registration process. You have to only provide us with the documents as per the list sent by the Legal Workmate team.
No, we have a team of professionals that includes chartered account and company secretary who will take care of your registration process. You have to only provide us with the documents as per the list sent by the Legal Workmate team.
Yes, one can incorporate a company even if he/she is an employee of any other organization both private or public. Further, if there are restrictions on not getting in any business by your company then you can appoint another person or relative as the director of the company.
Yes, one can incorporate a company even if he/she is an employee of any other organization both private or public. Further, if there are restrictions on not getting in any business by your company then you can appoint another person or relative as the director of the company.
In the Companies Act, there are no conditions on residency or citizenship to become a director. Hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India. The only condition is there should be at least one Indian Director.
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign documents electronically. DSC is required for all the shareholders and directors of the company.
No, you only need to open a bank account within 30 days and can deposit paid-up share capital within 180 days. However, you cannot start a business without depositing entire share capital in the company.
No, our team takes care of all your after registration compliance work in a trouble-free and smooth manner. Legal workmate provides you with all the mandatory compliance services at reasonable and scalable rates. For compliance work, we have an elite team of practicing professionals with different disciplines are associated with us.
Yes, a private limited company must hire an auditor, irrespective of the business done in the year. In case there is no business done, the auditor is still required to enter and maintain records. An auditor should be appointed within 30 days of incorporation. At Legal Workmate, our team also assists you with the process of appointing the auditor and maintain your books in a true and fair manner.
No, it is not mandatory to obtain GST registration. GST registration is required only if your turn over exceeds specific limits or you are engaged in making certain types of supply. For more details you can visit our GST registration tab or our knowledge portal.
Yes, the registered office of the company can be changed any time by filling a simple form with the registrar of the company.
A private limited company has to maintain its books of accounts, fill annual ROC, Income Tax form and get its books audited.