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Private Limited Company Registration

Private Limited Company Registration

A private Limited Company is a privately maintained small business existance, which is one of the highly recommended means to start a business in india. The compenies Act 2013 governs private limited..

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One of the many essential aspects of running a business is deciding on the legal status of the business entity and acquiring appropriate registration. Incorporating a business as a company has nimiety of benefits attached to it. Companies incorporated under the Companies Act 2013 have a separate legal entity, perpetual existence, higher credibility and directors and shareholders have limited liability. To register a company under the Companies Act 2013, it needs to be registered with the Registrar of Companies as per the guidelines and norms laid down by the Ministry of Corporate Affairs. Depending on the business model, companies receive many benefits and exemptions from the government.

One can obtain a company registration online through the Ministry of Corporate Affairs website.


  • A Private Limited Company is a legal structure set up to help small Businesses Trade efficiently.

  • It is much like LLP where partners and members are secured against debts incurred, to a certain limit but it cannot offer its shares to the public for raising funds.

  • It is therefore governed and traded by only shareholders of the company and other "private" accredited investors.

  • Private accredited investors are a special kind of investors who are usually allowed by the Governments to Trade with private equities and other unsecured shares, simply because they're people with

  • Private Limited Company Registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014

Explore GeTAX-StartUp Plans

BASIC PLAN – 7499

1 Digital Signature Certificates


2 Director Identification Numbers


1 Name Approval Application


LLP Incorporation Certificate


LLP Agreement


PAN


TAN


Bank Account opening

ESSENTIAL -12499

2 Director Identification Numbers


2 Digital Signature Certificates


1 Name Approval Application


DIR 3 e-KYC of 2 Directors


Stamp duty on INR 1 Lakh Authorized Capital


Company Incorporation using SPICe+


Copy of e-MOA & e-AOA


e-PAN


e-TAN


2 e-copies of Share Certificates


ESIC Registration through SPICe Plus


PF Registration through SPICe Plus


Bank Account opening (feature) through SPICe Plus


GST Registration


GST Returns for 3months


INC-20A Filing


FADVANCE PLAN – 19999

2 Director Identification Numbers


2 Digital Signature Certificates


1 Name Approval Application


DIR 3 e-KYC of 2 Directors


Stamp duty on INR 1 Lakh Authorized Capital


Company Incorporation using SPICe+


Copy of e-MOA & e-AOA


e-PAN


e-TAN


2 e-copies of Share Certificates


ESIC Registration through SPICe Plus


PF Registration through SPICe Plus


Bank Account opening (feature) through SPICe Plus


GST Registration


GST Returns for 6 months


INC-20A Filing


MSME Registration


Form ADT 1 (Auditor Appointment in AGM)


Start Up Registration


Free Book Keeping and Tax Consultancy


  • We also understand that every business need customized post incorporation services based on there requirements , applicable legal laws, and business nature .

  • So we came up with a customized Business plans.

  • Customized plan includes Monthly Book Keeping, GST Filing, TDS filing , payroll, Annual income tax filing , preparation of statement of profit and loss accountants, annual ROC compliances and any other services as required

  • In Customized plan you can also specify the accounting reports needed to analyse your performance

Pay as per your requirements.


  • A Connect with GeTAX advisory and GeT your Customized plan done.

  • We guarantee the best price for the quality of service we delivery.

Features of a Private Limited Company

Members

To register a Private Limited Company in India a minimum of 2 members are required and a maximum of 200 members are required as per the provisions of the Companies Act,2013.

Limited liability to the partners

The liability of each member of the shareholders is limited. In case if the company is facing any loss under any circumstances then the shareholder is liable to sell Company's assets. His personal assets are not at risk here.

Perpetual succession

The Private limited company that is once registered keeps on existing in the eyes of the law even in the case of death, bankruptcy, or insolvency of any of the members. The life of the company keeps on existing forever.

Number of Directors

A private limited company in India is required to have only two directors. With the existence of 2 directors, a private limited company can begin with its operations.

Memorandum of Association

The Memorandum of Association represents the charter of the company. The MOA is the legal document that is prepared during the formation and the registration process of the company. The MOA specifies the relationship between the shareholders and it specifies the objectives for which the company is formed.

Articles of Association

The AOA lays the rules and the regulations that are set for the internal management of the Company. The duties, rights, and powers of the management of the company are specified in the AOA. An article of association is a subsidiary of the Memorandum of association.

Registration Procedure Of Private Limited Company


Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have GeTAX as our professionals can help you with every step of the private limited company registration process.

Obtain DSC
Apply for the DIN
Application for the name availability
Submission of MoA and AoA to register a private limited company
RoC issues a certificate of incorporation with a PAN and TANy

What to keep in mind while Registering a Private limited Company?

Two Directors

A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the business, at least one must be a resident of India

Unique Name

The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.

Minimum Capital Contribution

There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh.

Registered Office

The registered office of a private limited company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

Documents related to the proposed directors of the company


  • PAN card and Aadhar card of the proposed directors.

  • Address proof of the proposed directors like Aadhar cards, utility bills, Voter-ID cards, ration cards, driver's licenses, passports,

  • Identity proof of directors like driver's license, voter ID, and Aadhar card.

  • Contact details of the proposed directors along with their Email IDs.

  • Passport-sized photographs of the proposed directors.

Documents related to the company


  • Proof of ownership of the office space, if any

  • If the office space is on rented premises, then the lease deed.

  • If the office space is on rented premises, then a No Objection Certificate from the landlord is needed.

  • Address proof of the office space, like utility bills.

  • Email ID of the company

  • Draft Articles of Association or AOA and Draft Memorandum of Association or MOA of the company.

  • Document showing the expected income of the company and the expenditure for the next three years with the source of income and the purpose of the spending.

The team of professionals at GeTAX is well experienced in helping companies prepare the necessary documentation required for the registration process well beforehand to avoid any confusion when applying for registration.


Procedure for Incorporating a Company in India

The following steps are required to be followed to duly incorporate a company with the registrar of companies:

Registration on the MCA website

All applicants are required to create a new user account on the MCA website shall be used to make the necessary submissions with the registrar of companies.

Apply for a digital signature certificate

The proposed directors, shareholders and authorized signatories are required to apply for valid digital signature certificates from a certification agency approved by the Controller of Certification Agencies. Digital signature certificates are imperative 2A test forms on the MCA website during the registration process.

Apply for a director identification number

once the proposed directors have obtained their respective digital signature certificates, they are required to fill out Form DIR 3 and apply for the unique director identification number. The application has been approved by the registrar of companies, and she shall grant the distinctive DIN to the proposed directors.

Select a unique company name and reserve it

The next step is to fill out the SPICe+ Form Part A and reserve the company name. The applicant has to click on the SPICe+ Form under the MCA services tab. One must select the company type, class of company, company category and sub-category of the company. The next step is to give details as to the 'main division of industrial activity of the company' The applicant is required to provide two alternative names from which the registrar of companies shall choose the most appropriate name. The forms shall be submitted along with documents as mentioned above and the prescribed fee.

Duly Fill out SPICe+ Form Part B

Once the company name has been reserved, the next step is to file a new application under the SPICe+ Form Part B along with the requisite documents as mentioned above. The applicant is required to provide details pertaining to the proposed directors and shareholders of the company, information about the company's registered office and resources of the company. One can also apply for PAN and TAN registrations at this stage.

The applicant is required to conduct a pre-scrutiny check to review the correctness of the information filed under Part B. After the scrutiny check, and the Form can be submitted.

The next step is to download the Part B of the Form to affix the DSCs of the directors or the authorized signatories. There are certain forms which are to be filed along with the SPICe+ Part B form. The forms which are linked to the SPICe+ Form Part are AGILE PRO, SPICe+ MOA, SPICe+ AOA, URC-1 and INC-9.

The applicant must ensure that SPICe+ AOA and SPICe+ MOA forms are filled as per the instructions provided under Schedule 1.

The next step is to upload all the forms on the MCA portal.

Assessment by the Registrar

All the submissions made shall be scrutinized add assessed by the registrar of companies. If there a star finds any lacuna or error in the application or the documents, it shall give the applicant an opportunity to rectify the error and resubmit the forms again, as stated above.

Issuance of Certificate of incorporation

After the registrar has reviewed the application along with the details and the documents submitted by the applicant and the registrar is satisfied with the accuracy and completeness of the application, she shall grant the certificate of incorporation to the company. A unique corporate identification number or CIN shall be generated along with the certificate, and this shall be valid proof of the registration of the company.