Private Limited Company Registration

Documents Required for Private Limited Company

  • 1. PAN (Permanent Account Number) of all proposed directors / Share Holders.
  • 2. Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / ShareHolders.
  • 3. Latest passport size Photographs of all directors / Share Holders.
  • 4. Registered Office Address Proof – Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
  • 5. Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement

ADVANTAGES OF PRIVATE LIMITED COMPANY

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited.

FREQUENTLY ASKED QUESTIONS

There is a minimum of two shareholders required to start a Private Limited Company and the number can extend maximum from fifty to two hundred beyond which is not permitted.
A minimum of two directors are required to establish a private limited company and the maximum amount cannot exceed beyond fifteen.
The minimum authorized capital to start should be Rs. 100,000 and it can be increased to any amount(no upper limit). This money is deposited in your company bank account at your disposal.
Yes, a salaried person become the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. Both the LLP Act, 2008 and the Companies Act,2013 are silent about the matter and haven’t done any amendments on the same. However, if you want to expand your business you can register a Private Limited Company with INC-29 which has simplified the process of registration.

For the proper execution of the idea choosing the right form of business is important and for start-ups Private Limited is the best option for the following reasons:

  • Legal Compliances
  • Number of people required are low
  • Funding requirements can be fulfilled with the help of shareholders and financial bodies
  • Limited liability of the members
  • Growth of Business can be done by converting a Private Limited to a Public Limited but a LLP cannot be converted to a Private Limited hence it restricts the growth
  • Even though Private Limited Company is expensive but to execute the Big idea into a successful long term business Private Limited Company is the best choice for start-ups.

Upfront Pricing, Simple Plans, & Superior Service


15999/Only Per/Year

Basic

  • Private limited company registration
  • with DSC, DIN,
  • name approval, incorporation fee,
  • PAN, TAN, share certificates and company kit.
19999/Only Per/Year

Standerd

  • Private limited company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit and 10 lakh authorised capital.
25999/Only Per/Year

Premium

  • Private limited company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit, 10 lakh authorised capital and trademark filing.