What is a Private Limited Company?
A Private Limited Company is one of the most highly advised ways to start a business in India because it protects shareholders with limited liability and specific ownership limits. Private Limited Company Registration becomes the first choice for any startup since it gives the easiest way to raise funds from investors.
Technically speaking, a private limited company is an organization that is privately owned and run by small and medium-sized businesses. The company's directors, shareholders, and business liability are all limited to their shareholdings; there can be up to 200 shareholders.
It's a type of business incorporation that grants organizations a legal personality separate from their owners, directors, and shareholders. As a result, essential services are offered, including the ability to enter into contracts in the company's name and the shielding of the owner's personal assets from corporate obligations.
How do I Register an Online Private Limited Company Registration?
Using the professionals at My Legal Service, registering a company is simple.
You must arrange for at least two or more individuals who are qualified to serve as shareholders and directors of the company.
It only takes 3 easy steps to register a company online, making it quick and convenient.
Step 1 : Speak with our consultants, who will walk you through the documentation needed to incorporate a business.
Step 2 : Based on availability, we help you choose the best company name.
Step 3 : We prepare and submit the ROC forms (DIR, MOA, AOA, COB, etc.) and register your business with the Ministry of Corporate Affairs (MCA).
Eligibility for Online Company Registration
We must confirm that the conditions outlined by the Companies Act of 2013 are satisfied before registering a private limited company.
- Minimum Two Directors : A private limited company is required to have a minimum of two directors and a maximum of fifteen. The company's directors must include at least one Indian citizen. You can still register your company as a one-person company if you don't have two directors.
- Minimum Capital Contribution : There is no minimum capital contribution needed for a business. By contributing Rs. 1 in paid-up capital, anyone can incorporate a business. A company must have a minimum authorized capital of Rs. 1 lakh to be registered, though.
- Registered Office : Any location within the State where you wish to register a private limited company must have a registered office for the proposed company. A company's registered office does not need to be in a business building. If the landlord provides a letter of approval, even a rented residence may serve as the registered office.
Benefits of Private Limited Company Registration !
There are a number of reasons to register your company as a private limited company
Investors, venture capitalists, and banks favor it.
It is simple to transfer shares to additional directors and shareholders who have invested money.
Combines the benefits of a public limited company with the flexibility of a partnership
The company is least likely to go out of business.
There are many advantages to online company registration. Having a registered company increases the credibility of your business.
The following are some ways it benefits your company.
1. Listed under MCA records is the company.
2. offers security against additional losses and risks as well as protection from personal liability.
3. lower tax rates than a sole proprietorship business.
4. It is possible to separate directors from shareholders.
5. increases customer appeal.
6. receives good investments from reliable investors as well as bank loans with ease.
7. protects the assets of your business by offering liability insurance.
8. increased diversity and stability of capital contributions.
9. increases the capacity to grow and expand.
Documents Required for Private Limited Company Registration
The documentation needed to register a company is straightforward and convenient. The following paperwork is required by MCA. Documents From The Company's Director :
Photo
PAN
Aadhar
Address Verification
Identification proof
Proof of the company’s registered address
We must confirm that the conditions outlined by the Companies Act of 2013 are satisfied before registering a private limited company.
- 1. Current electricity OR any other utility bill in the owner's name. Proof Of The Company's Registered Office Address.
- 2. Owner and company promoter have a rental agreement.
- 3. if the owner is the company's promoter, an NOC from the owner.
- *For address proof : Bank statement, electric bill, phone bill, and mobile bill are acceptable forms of address verification. (Anyone younger than two months.
**For Identity proof : Any passport, driver's license, or voter identification card may be used as identification.
GST registration after company registration
Input tax credits and other benefits of GST can be obtained by individuals, businesses, and organizations by completing the GST Registration link icon process through the GST Registration application. Incorporating a business on the MCA portal also allows you to apply for GST registration. Simply agree to the GST registration application in e-form AGILE (INC-35) on the MCA portal to accomplish this.
How can we assist with the registration of a private limited company?
Our highly qualified staff can provide an accurate and timely online company registration service in India. Since 2014, Our professionals have been frequently registering companies online on a daily basis and keep them informed of any new MCA changes to the registration process. As a result, we can offer you the best MCA functionality. At the conclusion of the delivery of the services for the Private Limited Company Registration, we will give you all necessary documents.
- Pendrive directors DIN and DSC.
- The company's MoA and AoA.
- Government-issued Challan for the payment of registration fees and stamp duty. Office.
- Declaration of Incorporation.
- Company PAN and TAN.
Factors To Take Into Account When Choosing A Company Name
Your company name is extremely important. In the eyes of your stakeholders, suppliers, and customers, it has the greatest influence. Therefore, be sure to follow the Private Limited Company Registration Name Availability Criteria. TIPS for obtaining approval for a distinctive company name include the following.
- A short, straightforward name is ideal.
A succinct and direct name is preferred. When choosing a name, make sure "people can pronounce it easily.". It must ingrain itself in a person's mind the first time they hear the company name. - A meaningful name is necessary.
Your business should be associated with the name you give it. It ought to coordinate with the company's branding. - The name ought to be original.
Your business name shouldn't be the same as a trademark or company that already exists. To find out if the name of your business is the same as or similar to two others, you can consult our experts. In the Trademark Registration link icon, they will also assist you in registering your distinctive brand name or company logo. - Suffix
If your business is a limited liability partnership or a private limited company, the name of your business should end in LLP or Private Ltd. - The name shouldn't be offensive or illegal.
There should be no legal restrictions on the name of your business. This implies that it is not permissible to be abusive or incompatible with religious practices. You must ensure that you are fully informed about the Private Limited Company Registration when you are working on company registration.
Select Your Package
Basic
- Company Name Approval
- Certificate of Incorporation
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
Standard
- Basic Package
- Commencement of Business
- PF Registration
- ESI Registration
- GST Registration
- Documentation Kit
Premium
- Standard Package
- 12 Months GST Return Filing*