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Private Limited Company

Private Limited Company

₹9,999.00

₹16,999.00

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Overview

Register your company in India at very compelling fees!

Setting a Private Limited Company is one of the most recommended ways to commence a business in India. This sort of company offers limited liability for its shareholders with distinct restraints placed on the ownership. Wherein in LLP partners own and manage the business. Whereas in private limited company directors may be different from shareholders.

Legal Champ, your leading legal consultant, offers quick Company Registration service in India at nominal pricing. Here you'll find out how to register your business.

We take care and abide by all legal formalities and fulfill the Ministry of Corporate Affairs’ compliances. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.

Advantages

Company registration provides many advantages. A registered company increases the authenticity of the business.

  1. Helps to generate capital.
  2. Separate entity.
  3. Limited liability.
  4. Transferability of shares.
  5. Builds goodwill and also supports more customer attraction.
  6. Increases the ability to develop and grow large.
  7. Double E’s – Expertise and Efficiency.
Structure

We have to meet the requirements as defined under the Companies Act 2013.

Two Directors:

A private limited company must have at least two directors, and at most, there can be fifteen directors. Among all the directors in the business, at least one must be a resident of India.

Unique Name

The name of your business 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 company. A company should have an authorized capital of at least Rs. 1 lakh.

Registered Office:

The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as a NOC is obtained from the landlord.

How to Register

The Ministry of Corporate Affairs governs the company registration process with rules and regulations framed following the law.

  • Step 1: Application for DSC (Digital Signature Certificate).
  • Step 2: Apply for the DIN (Director Identification Number)
  • Step 3: Application for the name availability.
  • Step 4: Filing of the EMoa and eAoA to register a private limited company
  • Step 5: Apply for the PAN and TAN of the company
  • Step 6: Issued certificate of incorporation by RoC with PAN and TAN
  • Step 7: Opening a current bank account on the company name
Documents Required

The documents accepted by MCA for the process of registration for companies online are listed below.

Identity and Address Proof

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter’s ID/Passport/Driver’s 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})

Note: For the foreign nationals, an apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than two months old.

Registered Office Proof

  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • Scanned copy of Notarized 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.

How Can We Help

The Private Limited Company Registration process is entirely online, so you don't even have to leave your home to get your entity registered. At Legal Champ, we complete the Company Registration online in less than 14 days.

Legal Champ Company Registration package includes:

  • DIN and DSC for two Directors
  • Drafting of MoA & AoA
  • Govt Fees & Stamp duty for Authorized Capital up to Rs. 1 Lakh (Stamp duty may vary for the states)
  • Company Incorporation Certificate
  • Company PAN and TAN
  • Foreign national / Body as director or business needing RBI/SEBI approval.

 

FAQs
Do I need to be physically present during this process?

No, company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms, and or collected b No, company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms or collect them by our courier partner as required.

 

How much time is needed for setting up a private limited company in India?

If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.

 

What are the rules for picking a name for a private limited company?

The Registrar of Companies (RoC) across India expects the applicant to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the officer's opinion handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.

 

What documents are required to complete the process? ?

All directors must provide identity and address proof and a copy of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). A no-objection certificate must be submitted by the owner of the registered office premises.

 

 

What is DSC?

The DSC is an instrument issued by certifying authorities by which you can sign certain documents digitally.

 

 

Does a private limited company have continuous existence?

Yes, so long as the annual compliances are met, the private limited company will continue to exist. If you do not comply with the requirements, it will go dormant until it is struck off.

 

 

How much does it cost to run a private limited company?

This can be divided into four categories: cost of setting a private limited company, cost of accounting and auditing, cost of compliance, and miscellaneous expenses. At the very minimum, you can expect to spend Rs. 20,000 on all of these.

 

 

Is it necessary to have a company’s books audited?

Yes, a private limited company must hire an auditor, no matter what its revenues. An auditor must be appointed within 30 days of incorporation. Compliance is essential with a private limited company, given that penalties for non-compliance can run into lakhs of rupees and even lead to the blacklisting of directors.

 

 

What are articles of association and memorandum of association?

These documents contain the rules, vision, and mission of your organization and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.

 

 

Are two directors necessary for a Private Limited Company Registration?

Yes, a minimum of two directors is needed for a private limited company. The maximum number of members can be 200.

 

 

Who can be in a Private Limited Company?

Any individual/organization can become a member of a private limited company, including NRI/foreigners. Nonetheless, the individual must be 18+ above in terms of age and hold a valid PAN card.

 

 

What is the minimum capital needed to form a Private Limited Company?

There is no minimum required for starting a private limited company.

 

 

Can the director of a private limited company also be a salaried person?

Yes, a salaried person can become the director in a private limited, LLP, or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In many cases, the employers are quite comfortable with the fact that their employee is a director in another company.

 

 

Can the limited liability partnership (LLP) be converted to a Private Limited Company?

Any organization registered as a Limited Liability Partnership (LLP) can be converted into a Private Limited Company under The Companies Act, 2013 (CA 2013).

 

 

Can NRIs/Foreign Nationals become Director in a Private Limited Company?

Yes, NRIs and Foreign National can become Directors in a Private Limited Company. They need to get a DIN from the Indian ROC. They can also be a majority shareholder in the company. Provided at least one Director on the Board of Directors should be an Indian Resident.

 

 

Does one have to be present in person for the incorporation of a Private Limited Company?

The entire procedure is done online, and one does not have to be present at our office or any other place for the incorporation. A scanned copy of the documents has to be sent via mail. They get the company incorporation certificate from the MCA via courier at the business address.

 

 

A Private Limited Company is called a separate legal entity. Why?

A company is a legal entity and like a different person established under the Act. It is treated as another person who can own a property and have debts or creditors. The members (Directors/Shareholders/) of a company have no liability to creditors of a company in a case company is unable to pay the debts.

 

 

Can one register a Private limited company on their home address?

Yes, one can register the company at their residential address. One requires to submit the utility bill copy of the same.

 

If there are no partners available, then can one register their family members in the company?

Yes, it is good to register a family member as a partner. At a later stage, one can change this or transfer shares of the directors.

 

 

Do you want to start Foreign Limited Liability Partnership (FLLP)?

By filling the required form (Registration of particulars by Foreign Limited Liability Partnership {FLLP}), any foreign LLP may establish its business in India. The eForm has to be digitally signed by the authorized representative of the FLLP. There is no mandatory requirement to apply and obtain DPIN or DIN for the Designated Partners of the FLLP, but the authorized representative's DSC is obligatory.

 

 

What is the time taken by Legal Champ?

The time taken also depends on the applicant's relevant documents and the speed of various approvals.

 

 

Do you make refunds?

Yes, we can make a refund for some cases depending on the issue, unless the service request is assigned or delivered already. In that case, the service is considered completed.