Private Limited (Pvt Ltd) Company Registration Online In India
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Your Private Limited Company With KCPL
A company can be quickly and easily registered online with KCPL in 3 easy steps:
We help you register your directors with the Ministry of Corporate Affairs (MCA).
Step 1
We help you pick the right company name.
Step 2
We draft and file the documents required for your company registration (MoA and AoA).
Step 3
Online Company Registration in India - An Overview
One of the most highly recommended methods for starting a business in India is to establish a private limited company, which provides its shareholders with limited liability while imposing certain ownership restrictions. When it is LLP, the partners will manage it. On the other hand, a private limited company allows for directors and shareholders to be separate entities.
As your dependable legal advisor, KCPL offers a cost-efficient service for registering your company in India. We handle all legal procedures and ensure compliance with the regulations set forth by the Ministry of Corporate Affairs (MCA). Upon successful completion of the pvt company registration process, we provide you with an Incorporation certificate (CoI), as well as PAN and TAN documents. With these in hand, you can easily establish a current bank account and commence your business operations.
Benefits of Pvt Ltd Company Registration
There are numerous advantages to registering a company. By doing so, you enhance the credibility of your business, which can lead to increased consumer trust. Additionally, company registration can provide various benefits that can help your business to grow and succeed.
- Limited Liability Protection: The most significant advantage of a Private Limited Company is limited liability protection. The liability of the shareholders is limited to the extent of their shareholding in the company. In the event of any financial or legal obligations, personal assets of shareholders are generally protected.
- Separate Legal Entity: A Private Limited Company is considered a separate legal entity distinct from its shareholders. It can own assets, enter into contracts, and engage in legal proceedings in its own name. This provides a clear separation between personal and business affairs.
- Perpetual Existence: Unlike sole proprietorships or partnerships, a Private Limited Company has perpetual existence. It continues to exist even if the directors or shareholders change. The company’s operations and contracts are not affected by the death or departure of any individual member.
- Easy Fundraising: Private Limited Companies have better access to funding options compared to other business structures. They can issue shares to raise capital from investors. This makes it easier to attract investment, expand operations, and fuel business growth.
- Credibility and Trust: Registering a Private Limited Company adds credibility and trust to your business. It demonstrates that the company complies with legal requirements and operates under a defined structure. This can be beneficial when dealing with clients, customers, suppliers, and financial institutions.
- Tax Advantages: Private Limited Companies enjoy various tax benefits and incentives provided by the government. They have access to deductions, exemptions, and tax planning strategies to optimize their tax liability. Additionally, the corporate tax rate for Private Limited Companies is lower than individual income tax rates.
- Transferability of Shares: Private Limited Companies offer easy transferability of shares, allowing shareholders to sell or transfer their ownership. This facilitates the entry or exit of investors and provides liquidity to shareholders.
- Professionalism and Management Structure: Registering as a Private Limited Company provides a professional image to the business. It allows for a well-defined management structure with clearly defined roles and responsibilities for directors, shareholders, and employees. This enables effective decision-making and efficient operations.
Checklist for Private Limited Company Registration in India
As defined by the Companies Act, 2013 one must guarantee to meet the checklist requirements without fail for Private Limited Company Registration in India.
Two Directors:
A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
Unique Name
The name of your pvt ltd company 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 Pvt ltd company. A Pvt limited company should have an authorised capital of at least ₹1 lakh.
Registered Office:
The registered office of a pvt ltd 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.
Steps For Company Registration in India
Startups in India can gain an edge over non-registered competitors by registering their company. While the process of registration is getting complicated and involves numerous compliance requirements, need not worry as KCPL is here to assist you every step of the way. Our team of professionals can provide comprehensive support for pvt company registration.
Step 1: RUN Name Approval
The first step of company registration involves the registration of your desired name. To reserve a name for your company, you must first submit a request for name approval to the Ministry of Corporate Affairs (MCA). You may include one or two potential names, along with a description of your business objectives, in your application for name approval. If your first choice is not approved, you may submit one or two additional names for consideration. Typically, the MCA approves name requests within five business days. Our team of experts can help you choose the ideal name for your company and guide you through the government registration process.
Step 2: Directors’ Digital Signature Certificate (DSC)
The MCA in India does not recognize traditional signatures. Instead, all filings with the MCA must include a digital signature certified by an Indian certification authority. Thus, it is mandatory for directors to have digital signatures prior to the company’s incorporation.
KCPL will obtain a digital signature certificate (DSC) for the directors through a recognized certification entity. To obtain a digital signature, directors must provide a copy of their identification documents and successfully complete a video KYC process. If a director is a foreign national, the nearest embassy should apostille their passport and other documents for company registration.
Step 3: Submitting the Company Incorporation Application
After obtaining the necessary digital signatures, submit the incorporation application in SPICe form along with all relevant attachments to the MCA. The application for incorporation includes the company’s Memorandum of Association (MOA) and Articles of Association (AOA). If the MCA deems the incorporation application to be complete and acceptable, the company can get the Incorporation certificate and PAN. Typically, the MCA approves all incorporation applications within five business days.
Private Limited Company Registration Compliances
After the process of company registration in India, it is necessary to adhere to various compliance regulations in order to avoid potential fines and legal repercussions. Some of the key post-registration requirements include:
- Auditor Appointment: Within 30 days of incorporation, every Indian company must appoint a practising, certified, and registered Chartered Accountant(CA).
- Director DIN KYC: Every year, individuals who possess a Director Identification Number (DIN) should undergo a DIN KYC process. During the company incorporation process, the company can get the DIN. This helps to verify the phone number and email address on file with the MCA.
- Commencement of Business: The shareholders of the company must deposit the subscription amount specified in the MOA within 180 days of incorporation, and the company must create a bank current account. Therefore, to receive a business incorporation certificate, the shareholders of a company established with a paid-up capital of ₹1 lakh must deposit ₹1 lakh into the company’s bank account. They should also file a copy of the bank statement with the MCA.
- Non-resident taxable persons: Any person or business located outside India that is involved in the supply of goods or services to India is required to register for GST, regardless of their turnover.
- Input service distributors: An Input Service Distributor (ISD) is a business that receives invoices for input services and distributes the tax credit to its branches. ISDs are required to register for GST, regardless of their turnover.
- Casual taxable persons: A casual taxable person is someone who occasionally supplies goods or services in a taxable territory where they do not have a fixed place of business. They are required to register for GST before making any supply of goods or services.
Requirements to Start a Private Limited Company
Before incorporating a firm, it must meet a specific set of conditions. The following are such conditions:
1. Directors and Members
As mentioned earlier, at least two directors and no more than 200 members are necessary for legal Private Limited Company Registration in India. This is a mandatory requirement as per the Companies Act of 2013. The Directors should honor the following conditions:
- Each directors should carry a DIN issued by the MCA
- One of the directors must be an Indian resident, which means they must have spent at least 182 days there in the previous calendar year.
2. The Business’s Name
When selecting a name for a private limited company, there are two factors must be into consideration:
- Name of the principal activity
- Private Limited Company
3. Address of the registered office
Upon completion of the registration process, the company should give the permanent address of the business’s registered office to the company registrar. The registered office is the primary location where business takes place and stores all documentation pertaining to the company.
4. Getting Additional Documents
To verify the authenticity of electronically submitted documents, every business must obtain a DSC. Furthermore, the business needs credentials from such professionals as secretaries, chartered accountants, and cost accountants that engage them for various operations.
Comparative List of Different Types of Business Structures in India
| Company type | Ideal for | Tax advantages | Legal compliances |
|---|---|---|---|
|
Limited Liability Partnership |
Enterprises that focus on services or require little investment |
Advantage on depreciation |
Company tax returns to be pointed ROC returns to be filed
|
|
One Person Company |
Sole proprietors peeking to limit their liability |
Tax holiday for first 3 years under Startup India Higher advantages on depreciation No tax on compensation distribution |
Business recoveries to be filed Limited ROC compliance
|
|
Private Limited Company |
Companies that have a high turnover |
Tax holiday for first 3 years under Startup India Higher advantages on depreciation |
Business tax returns to be filed ROC returns to be filed An audit is mandatory |
|
Public Limited Company |
Companies with a an increased turnover |
Tax exemptions under |
Business tax returns to be filed. Compulsory Audits |
Documents Required for Online Company Registration
The MCA requires proper identity and address proof for private limited company registration in India. The following documents are the requirements for registering a company in India:
Identity and Address Proof
- Scanned copy of PAN card or passport (foreign nationals & NRIs)
- Scanned copy of voter ID/passport/driving license
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized photograph specimen signature (blank document with signature [directors only)
Registered Office Proof
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned copy of notarised rental agreement in English
- Scanned copy of no-objection certificate from the property owner
- Scanned copy of sale deed/property deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence too.
Reasons to Consider KCPL for Private Limited Company Registration
KCPL offers a completely online private limited company registration process, allowing you to register your entity without leaving the comfort of your home. Our experts can complete the entire incorporation process within 14 days.
KCPL company registration package includes:
- DIN and DSC for two Directors
- Drafting of MoA & AoA
- Registration fees and stamp duty
- Company incorporation certificate
- Company PAN and TAN
- Zero balance current account – Powered by DBS bank
By following these steps, you can begin the process of forming your own private limited company. It is advisable to seek advice from professionals to make informed decisions and ensure seamless growth.
FAQs on Private Limited (Pvt Ltd) Company Registration Online In India
What is a Private Limited Company?
A Private Limited Company is a business entity registered under the Companies Act, 2013, and is characterized by limited liability and a separate legal existence. It requires a minimum of two directors and two shareholders.
Can I register a Private Limited Company online in India?
Yes, the Ministry of Corporate Affairs (MCA) in India provides an online platform for company registration called the MCA21 portal. You can complete the registration process online.
What are the minimum requirements for Private Limited Company registration?
The minimum requirements include having at least two directors (one of whom should be an Indian resident) and two shareholders. Additionally, a registered office address in India is required.
How long does it take to register a Private Limited Company online?
The registration process can typically take around 10-15 days, subject to the availability of all required documents and information, and the processing time by the Registrar of Companies (ROC).
What documents are required for Private Limited Company registration?
The required documents include identity proofs, address proofs, photographs, digital signature certificates (DSC), Director Identification Numbers (DINs), Memorandum of Association (MOA), Articles of Association (AOA), and registered office address proof.
Can foreign nationals be directors or shareholders in a Private Limited Company?
Yes, foreign nationals can be directors and shareholders in an Indian Private Limited Company. However, at least one director should be an Indian resident.
What is the cost involved in Private Limited Company registration?
The cost can vary depending on various factors, such as professional fees, stamp duty, government fees, and other incidental expenses. It is advisable to consult a professional service provider for an estimate of the total cost involved.
What are the compliance requirements after Private Limited Company registration?
After registration, the company needs to comply with annual filing requirements, hold Annual General Meetings (AGMs), maintain books of accounts, and fulfill other legal and regulatory obligations.
Can a Private Limited Company convert into another type of company later?
Yes, subject to certain conditions and approvals, a Private Limited Company can be converted into a Public Limited Company or a Limited Liability Partnership (LLP) at a later stage.
Do I need professional assistance for Private Limited Company registration?
While it is possible to register a Private Limited Company online on your own, professional assistance from a company secretary or chartered accountant can ensure compliance with legal requirements, streamline the process, and provide expert guidance.
The Glossary
- Registrar of Companies (ROC): The government office responsible for the administration and regulation of companies in a specific jurisdiction. The ROC maintains the official register of companies and handles various statutory filings.
- Memorandum of Association (MOA): A legal document that sets out the constitution and objectives of a company. It defines the scope of its activities, relationship with shareholders, and the extent of its powers.
- Articles of Association (AOA): A document that contains the internal regulations, rules, and bylaws governing the management and operation of a company. It outlines the rights and responsibilities of shareholders, directors, and other officers.
- Director: An individual appointed or elected to manage the affairs of a company and make decisions on its behalf. Directors have fiduciary duties and legal responsibilities towards the company and its shareholders.
- Shareholder: An individual or entity that owns shares or equity in a company. Shareholders have ownership rights, such as voting rights, entitlement to dividends, and the right to participate in company decisions.
- Capital: The total amount of money invested by the shareholders into a company. It represents the ownership interest and serves as a basis for determining the distribution of profits and losses.
- Authorized Capital: The maximum amount of capital that a company is authorized to raise through the issuance of shares. It is stated in the company’s MOA.
- Paid-up Capital: The portion of the authorized capital that has been subscribed and fully paid by the shareholders. It represents the actual capital contributed to the company.
- Incorporation Certificate: A document issued by the Registrar of Companies upon the successful registration of a company. It confirms the legal existence of the company and its compliance with the registration requirements.
- Certificate of Commencement of Business: A document issued by the ROC allowing a company to commence its business operations. It is required for companies that have a share capital.
- Company Secretary: A professional responsible for ensuring compliance with legal and regulatory requirements and providing administrative and secretarial support to the board of directors.
- Annual General Meeting (AGM): A mandatory meeting of shareholders held once a year. It provides an opportunity for shareholders to receive updates on the company’s performance, approve financial statements, and elect directors.
- Director Identification Number (DIN): A unique identification number issued by the MCA to individuals acting as directors of companies. It is required for appointment as a director.
- Digital Signature Certificate (DSC): A digital certificate used for authenticating electronic documents, filings, and transactions. It ensures the security and integrity of the information exchanged online.
- Company Seal: A physical stamp or embossed seal bearing the company’s name and registration number. It is used to authenticate important documents and contracts.
Register Your GST Today
My experience with KPCL has been so smooth, I would definitely recommend it to others. I am so impressed that I am not going to any other agency for any legal and accounting work in future. It is a one-stop solution for startups. Your employees work so hard to meet customer requirements that it is commendable, professionalism to the point. My relationship with your agency has definitely come a long way.
About us
KCPL is a leading GST consultancy services provider firm offering GST registration services for new businesses. We are experienced in identifying new tax policy changes and systems. We are working for those who feel worried and helpless about the tax-payment rules associated with GST. We are here to assist you with your taxation, and legal services. All the modes and methods are available in our company which makes the process of GST registration very easy for providing the service. From application to registration certificate, we take care of our customer's safety and assurance.
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