Private Limited Company Registration

Private Limited Company is most popular to start a new business in India. Nowadays, 90% of today young generation entrepreneurs also prefer private limited company registration due to its various advantages.

A Private Limited Company is a separate legal entity having perpetual succession. Most Importantly, Private Limited can be formed with minimum 2 directors and maximum fifteen directors. However, it can have minimum two and maximum two hundred shareholders/Members.

Now a Private limited Company can be registered with ZERO Capital. Therefore, Register a Company today to get tax benefits.

Requirements for Company Registration

For Company Registration, the below conditions have to be met.

Two Directors:

A Private Limited Company must have at least two directors. The same two directors can also become shareholder of the company. However, maximum 200 people can become shareholders in the private limited company. 

No Minimum Capital:

There is no minimum capital is required for Private Limited Company Registration. You can Start New Company Registration with One Thousand.

One Resident Director:

Among two directors, at least one director must be resident Indian for Private Limited Company Registration. Resident Indian means a person who have spent at least 182 days or more of a financial year in India.

Unique Name:

The name of the private limited company should be unique and should not be similar to the any existing company name or trademark. Therefore, it is necessary to choose unique name to register a Company.

Documents For Company Registration

Identity Proof of Directors and Shareholders
  • Copy of Pan Card of Directors (Mandatory).
  • Passport Size of Photograph of Directors.
  • Identity Proof: any one of: Voter id card or Driving License or Passport.
Address Proof of Directors and Shareholders
  • Any one of: Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months).
Proof of Registered office:
  • Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one).
  • Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one).
  • NOC from Landlord.

Benefits of Private Limited Company Registration

Private Limited Company Registration is one of the highly recommended ways to start a business in India. Similarly, Businessman prefer Private Limited Company Registration due to its various advantages

Limited Liability of Shareholders:

Liability of members as shareholders are limited only up to shares held by them. They should not be liable for the debts of the company where company are unable to pay its liabilities. It means that if a company incur losses then its shareholders or members are not liable personally. Thus, members are not liable to sell their own assets to repay the liabilities of Company.

Separate Legal Entity:

A Company is an artificial person created by law. Company are separate than its shareholders/ promoters. Company is considered as legal person which has the power to enter into any contracts, possess properties in its name. It is also called as artificial person since it is existing on in the contemplation of law. Company may also file a suit as an indigent person.

Perpetual Existence:

A Company never dies except it is wound up as per law. Company is considered Separate legal person and its existence will not be affected by the death of shareholders, directors or transfer of shares to others. A Company life is determined by the terms of it Memorandum of Association. Membership of a Company may keep changing from time to time, but that shall not affect its continuity.

Capacity to Sue and to be Sued:

Company can take legal action against another and also other person can take legal action against company separate from directors, shareholders & promoters. the company may bring an action against anyone in its own name. A company’s right to sue arises when some loss is caused to the company, i.e. to the property or the personality of the company.

How to register a Company ?

Often people think about how to register a Company and how to register a Company in India. Thus, ezeefiling is providing solution through experienced professionals. And that will resolve the puzzle regarding how to register a company and how to register a company in India. we are also one stop solution for the same. 

However, Private Limited Company Registration process involves legal obligation. And more importantly, can be processed with the help of professionals only. Company Registration in Delhi, Company Registration in Bangalore, Company Registration in Mumbai, Company Registration in Chennai.

COMPARE OPTIONS FOR COMPANY REGISTRATION

  Private Limited Company LLP Registration One Person Company Registration Partnership Firm Registration Public Limited Company
Recommended for Growing Startups Service Providers, Professional Service Firms, Trading Business Independent Promoters Family Business Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public.
Registration Cost Rs. 2999/- Rs. 3999/- Rs. 2999/- Rs. 1999/- Rs. 7999/-
Limited Liability Protection Yes Yes Yes No Yes
Statutory Compliances High Low High Low Very High
Audit Compliance Compulsory Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs Compulsory Subject to turnover of the firm Compulsory
Perpetual Existence Yes Yes Yes No Yes
Tax Advantage Yes Yes Yes Minimal Yes
  KNOW MORE KNOW MORE KNOW MORE KNOW MORE KNOW MORE

FAQ'S FOR Private Limited Company

MCA has introduced new process for Company Registration. Spice+ is a single web form for private limited company registration.
Through Spice+ Form, we can register a Company in 10-12 Days.

There is no minimum Capital Contribution requirement. Hence, You can register a Private Limited Company with 10,000.

Yes, a NRIs and Foreign National can become Directors. However, They need to get a DIN from Ministry of Corporate Affairs (MCA). At least one Director on the Board of Directors should be an Indian Resident.

No, It is a fully online process. As all forms are filed electronically. You would need to send us scanned copies of all the required documents. You can register a company from your home.

eZeefiling can register a Private Limited Company in 15 days. For speedy approval, kindly choose a unique name as the proposed Company name and also keep all the required documents ready. In the meantime, We suggest you to ready with three to four names during approval stage.

These documents contain the rules in addition to vision and mission of your Company. And also define the roles and responsibilities of shareholders and directors.

Yes, In this case one can register a company at their address in India. One requires to submit the utility bill copy of the same with NOC for Private Limited Company Registration.

Often People ask, how to register a company, how to register a company India. As a result, ezeefiling offering online company registration in just ten days at very cheap prices. Particularly, It will solve the issue of how to register a company, how to register a company in India.

Choose Unique Name: First and Important thing to register a company is to choose unique Name. Keep Two or Three Unique Names ready at the time of applying of Company Registration. Apply for Name:

Name Application can be submitted on MCA Portal. Apply For Name with Company Object.

Verification of Documents: Verification is Documents is next step for New Company Registration. Director Should hold Pan, Aadhar and Latest Bank Statement.

Digital Signature Certificate Application: Verification of Documents through Digital Signature is another trusted way to verify the documents and identity of Directors.

Director Identification Number (DIN Number) Application: Din is also known as Director Identification Number. Govt issues a unique number to every director.

MOA and AOA: Memorandum of Association and Articles of Association is the Most important documents of the Company. MOA of Company defines the Main object and other objects of the Company. AOA of Company defined rules, regulations, bylaws of the incorporated Company.

Get Your Company Registration: After verifying the documents, documents are submitted to Ministry of Corporate Affairs for Approval of New Company Registration. Once MCA approves the Company, MCA will issue Company Incorporation Certificate.

Pan and Tan: Once MCA approves Company Incorporation, Income Tax department will issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN). Pan and Tan are important documents.

PF and ESI Number: Once MCA approves New Company Registration, PF and ESI department will issue PF and ESI Number. PF and ESI is required to file employee returns.

Opening of Current Account Number in Company Name: After Registration of Company, MCA will share your details with Bank and you will receive call from bank representative and your current account will be opened with bank in your Company Name.

It is very easy to register a Company in India. You can register a company with basic documents. List of documents are given below for online company Registration:

  • Passport size photo of directors
  • Pan card copy of directors 
  • Aadhar card copy/Voter id card/Passport copy of directors as identity proof. 
  • Latest Bank statement/water bill/mobile bill/utility bill of directors as address. 
  • Electricity bill/water bill/utility bill for registered office address. 
  • Noc from the owner to use the premises for company purpose. 

For Foreign Nationals, apostilled and notarized copy of passport and all other documents are mandatory for Company Registration online. The residence proof should not be older than 2 months. Register Proof Address: To Register a Company in India, Company must have a registered office in India. For Company registration office you can submit a recent copy of electricity bill or utility bill or water bill or mobile bill. Along with the electricity bill or utility bill, a letter from owner with his consent to use the premises as Company Registered office should be submitted. We can register a company from our home address there is no need to purchase commercial space to register a company online.