Private Limited Company Registration
A private limited company is recognized as the most prominent form of corporate entity in India. It is established in accordance with the legal and regulatory standards set forth by the Ministry of Corporate Affairs (MCA).
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Private Limited Company Registration in India – An Overview
You can now establish a private limited company in India for only Rs. 6,999 (all-inclusive).*
Establishing a Private Limited Company is widely regarded as one of the most advantageous methods for initiating a business in India. This form of company provides limited liability protection to its shareholders, albeit with specific limitations on ownership. In contrast to a Limited Liability Partnership (LLP), which consists of partners who both own and operate the business, a private limited company may have directors who are distinct from its shareholders.
Canjain, your premier legal consultant, provides an efficient Company Registration service in India at competitive rates. Here, you will discover the steps to register your company.
We manage all legal requirements and ensure compliance as stipulated by the Ministry of Corporate Affairs. Upon successful registration of the company, you will receive a Certificate of Incorporation (CoI), in addition to the PAN and TAN.
Conditions required for conversion into Private Limited Company
Reasons to Opt for Company Registration.
Establishing a registered company provides numerous advantages. A registered entity enhances the credibility of your business, thereby assisting it in various ways.
- Shield from personal liability and protects from other risks and losses.
- Attract more customers
- Procure bank credits and good investment from reliable investors with ease.
- Offer liability protection to protect your company’s assets
- Greater capital contribution and greater stability
- Increase the potential to grow big and expand
How to Register Company Online – A Detailed Registration Process
The registration of companies in India is expected to enhance the growth of startups and offer a competitive advantage to those that have completed the registration process compared to their unregistered counterparts. The Ministry of Corporate Affairs oversees the company registration procedure, ensuring compliance with the established legal framework and regulations.
- Step 1: Application for DSC (Digital Signature Certificate).
- Step 2: Application for the name availability.
- Step 3: Filing of the eMoa and eAoA to register a private limited company along with ESI-PF, PAN & TAN application
- Step 4: Issued certificate of incorporation by RoC with PAN and TAN
Checklist for Registering a Company in India
In accordance with the stipulations set forth in the Companies Act 2013, it is imperative that we adhere to the criteria outlined in the following checklist.
Two Directors
A private limited company is required to have a minimum of two directors, with a maximum limit of 15 directors. It is essential that at least one of these directors is a resident of India. Alternatively, a private limited company may be established with a single director, in which case it is referred to as a one person company (OPC).
Unique Name
The name of the private limited company should be unique, and it should not resemble any existing companies or trademarks in India.
Minimum Share Capital
There is no minimum capital amount for a company. A company can be registered even with a capital of Rs. 1,000/-
Designated Office
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office.
Documents Required for Online Company Registration
In India, the registration of a Private Limited company requires valid identity and address proof. Such documentation is necessary for all directors and shareholders of the company being established. The following is a list of documents that are recognized by the Ministry of Corporate Affairs (MCA) for the online registration process of a company.
Identity and Address Proof
- Scanned copy of PAN Card. Foreign nationals must provide a valid passport (Shareholders and Directors)
- Scanned copy of Voter’s ID/Passport/Driver’s License/Aadhar (Shareholders and Directors)
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill (Shareholders and Directors)
- Latest Passport size Color photograph of all the promoters (Shareholders and Directors)
Foreign nationals are required to submit either an apostilled or notarized copy of their passport without exception. It is essential that all submitted documents are valid. Additionally, proof of residence, such as a bank statement or an electricity bill, must be dated within the last two months.
Registered Office Proof
- Latest & Clear Telephone Bill/Electricity Bill/ /Water/Gas Bill of the registered office address
- No Objection Certificate from the owner(s) of the premises of the registered office.
Note: Your registered office need not be a commercial space; it can be your residence too.
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