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Private Limited Company 2018-12-16T17:23:25+00:00

Private Limited Company Registration

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

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Choosing a Name for your Private Limited Company

Make sure that the Company name is unique and does not resemble the name of any other existing Company or LLP.

It is easier to obtain a name if it depicts the objects of your company.

The name should not include any word which is a registered trademark or has been applied for Trademark registration.

Advantages of a Private Limited Company

Private Limited Company Registration Process

DSC Application
SPICe
PAN

Documents required for Private Limited Company Registration

  • One Photograph

  • Copy of PAN Card

  • Copy of Address proof – Aadhaar Card/Driving License/Passport/Voter ID

  • Copy of Bank Statement/Mobile Phone/Landline Telephone Bill

  • Copy of Aadhaar Card

  • Proof of Registered Address – Sale Deed/Rental Agreement

  • Copy of Utility bill – Electricity/Landline telephone/Gas Bill – not older than two months.

  • No Objection Certificate for use of premises, if required

Testimonials

I feel working with Conseltex  was a seamless process for me as they took care of the entire documentation process without me having to look into it at all. This was important as I could still focus on my core business development activities and rest assured that the incorporation process is also been taken care of, Please go ahead without any hesitation to work with VenturEasy as you are in safe hands. A very professional and dedicated team is supporting you and they are flexible too.

safarullaha, i victory solution

Comparing Private Limited Company, LLP and OPC

Factors of Comparison Private Limited Company One Person Company Limited Liability Partnership
Minimum Requirement Members – 2

Directors – 2

Member – 1
Director – 1
Nominee of Sole Member – 1
Designated Partners – 2
Minimum Capital No minimum requirement No minimum requirement No minimum requirement
Regulator Registrar of Companies Registrar of Companies Registrar of Companies
Compliance Requirements Annual Return Filing
Board Meetings & General Meetings
Annual Return Filing
No Board Meetings, if only one director
No General Meetings
Annual Return Filing
Taxation Taxed at 30% Taxed at 30% Taxed at 30%
Credibility High Medium Medium
Investor Preference High Low Medium
Statutory Audit Compulsory Compulsory If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs
Conversion Can be converted into LLP Cannot be converted before 2 years Cannot be directly converted into a Private Limited Company
Time Taken for Registration 15 – 20 Days 10 – 15 Days 15 – 20 Days
Procedure Obtain DSC (Digital Signature Certificate)
MoA & AoA, INC-32 Incorporation Filing
PAN, TAN Applications
Obtain DSC (Digital Signature Certificate)
MoA & AoA, INC-32 Incorporation Filing
PAN, TAN Applications
Obtain DSC (Digital Signature Certificate)
Obtain DPIN (Designated Partner Identification Number)
Name Approval
Filing for Incorporation
File LLP Agreement
PAN, TAN Applications
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