Company Registration

What is Private limited company?

Private Limited Company registration is the most popular legal structure option for businesses in India. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors. If you want to start a company in India then make sure your company is registered as Company Registration should be your first priority. It is very important to register your company as a registered company have multiple advantages from easy to register to easy to dissolve.

Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.
Private Limited Company Registration can be done through us in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities. If you want to register your own company then you can totally rely on us. We will help you with company formation procedure and new company formations procedure. All the company registration information will be given to you by our experts.

Private Limited Company Benefits
  • It is flexible and has limited liability
  • Greater capital contribution and greater stability
  • Possibility to grow big and expand

What Is Included In Our Company Registration Package?

  • DIN for 2 Directors
  • MOA/AOA
  • DSC for 2 Directors
  • ROC Fees & Pan card
  • Name search & approval
  • Free Accounting Software & GST filing

Procedure For Company Registration

Complete our Simple Form

You need to fill our simple company registration form and submit documents for formation of a company.

Obtain DSC and DPIN from us

You need to fill our simple company registration form and submit documents for formation of a company.

Verification and Name Approval

You need to fill our simple company registration form and submit documents for formation of a company.

Document Submission

You need to fill our simple company registration form and submit documents for formation of a company.

Your work is completed

You need to fill our simple company registration form and submit documents for formation of a company.

Documents Required For Company Registration

  • Copy of PAN Card of directors
  • Electricity/ Water bill (Business Place)
  • Passport size photograph of directors
  • Copy of Property papers(If owned property)
  • Copy of Aadhaar Card/ Voter identity card of directors
  • Landlord NOC (Format will be provided)
  • Copy of Rent agreement (If rented property)

Advantages Of Private Limited Company?

There are multiple reasons to choose private limited company
    • Preferred by banks, VCs & investors.
    • Easy to allocate and redistribute shares to investors or other directors.
    • Separate legal entity which limits your liability.
    • Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.
    • Easy to register, manage & run.
    • Easy to dissolve or wind-up.

5 Steps For Company Registration

1. Application of DSC & DPIN :

First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.

2. Name approval :

You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.

3. MOA & AOA submission :

Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and

4. Get incorporation certificate :

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.

5. Apply for PAN, TAN and Bank account :

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

Minimum Requirements For Company Registration

Minimum 2 Shareholders
Minimum 2 Directors are required
Minimum 1 Lac Authorized Share Capital
DIN for all the Directors
Atleast one Director should be an Indian Resident

Concerns Related To Private Limited Company

    • Pvt. Ltd company requires few more ROC compliance translating into an additional cost of 5000 to 10000/annum.
    • Minimum capital required is Rs.100,000
    • Private limited company can have a maximum of 200 members.
Still, entrepreneurs prefer private limited for the ease in share transfer and potential for future growth.

Factors To Consider In Company Name Selection

The name of your company is very important. It is the first impression to your buyers, suppliers and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors that you should keep in mind while naming for your company.

Acceptable Name

An acceptable name for a Company or LLP has three parts, the name part, object part and constitution. The following illustrations, illustrate the three parts of a name:

SBA Solutions Pvt Ltd

Tata Consultancy Services Limited

Reliance Industries Limited

Name Part

The name must be unique and acceptable, as defined by the Companies Act, 2013 or LLP Act, 2008. The name cannot be the same or similar to an existing company or LLP or trademark in the same industry or field. Therefore, in case there exists a Company by the name XYZ Consultancy Private Limited, then the name XYZ Consultancy LLP would not be allowed. Also, similar names like XYZ Engineers Private Limited will not be allowed as it is in the same industry and is similar to an existing company. However, XYZ Motors Private Limited will be allowed as it is in a different industry / field.

Therefore, while choosing a company name, ensure there are no other names registered with the MCA in the same industry or field as that of the proposed name.

Object Part

Every Company (includes Private Limited Company, One Person Company, Limited Company) and LLP name must include an object part, that clearly states the nature of business of the entity. The object part defines the main activity undertaken by the Company or LLP.

Even if a similar name exists, if the object of the Company is different, a proposed name can be allowed, as it is unique as a whole. For instance, if a company exists with the name XYZ Motors Private Limited, then XYZ Hospitality Private Limited will be acceptable, as the objective of the companies are different. However, names without any object or vague objects will not be allowed. For instance, ABC Private Limited or Mumbai Private Limited will not be allowed as it contains not object; ABC Group Private Limited will not be allowed as the object is too vague. The object must clearly state the purpose of the Company or LLP.

Constitution Part

The constitution part defines the type of entity the name represents.

Private Limited Companies are represented by Private Limited Company or Private Limited or Pvt. Ltd Company.

One Person Companies are represented by OPC or One Person Company.

Limited Companies are represented by LTD Company or Limited or Limited Company.

Limited Liability Partnerships are represented by LLP or Limited Liability Partnership.

Ensure that the proposed name contains a constitution that is relevant to the type of entity incorporated.

Minimum Authorized Capital for Certain Words

The use of certain words in the name of a company require the proposed company to have a minimum amount of authorized capital. The table details the word and the amount of minimum authorized capital required.

Word

Authorized capital required

Corporation

Rs. 5 Crore

International, Globe, Universal, Continental, Inter-Continental, Asiatic, Asia being the first word of the name

Rs. 1 Crore

Industries / Udyog

Rs. 1 Crore

If International, Globe, Universal, Continental, Inter-Continental, Asiatic, Asia is used within the name (with or without brackets)

Rs. 50 Lakhs

Hindustan, India, Bharat being first word of the name

Rs. 50 Lakhs

Enterprises, Products, Business, Manufacturing

Rs. 10 Lakhs

If Hindustan, India, Bharat is used within the name (with or without brackets)

Rs. 5 Lakhs

Checking Name Availability Online

The proposed name must be unique when compared to an existing Company Name or a Limited Liability Partnership Name or Trademark. The following are steps for checking the list of company and LLP names in existence:

1.Go to the following website or search for “MCA Name Availability” online:

http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16

2. In the Company or LLP Name, enter the proposed company or LLP Name and click search.

3. The list will show the list of Company and LLPs in existence with similar name.

4. If the search returns “No records found”, then there are no similar companies or LLPs with similar name.

The following are steps for checking the Trademarks in existence:

1. Go to the following website or search for “Trademark Search India” online:

http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx

2. In the wordmark, enter the proposed name.

3. Enter the relevant class by entering the class details in the class textbox. Class details can be accessed by clicking on “Class Details”. Click on search.

4. The list will show the list of trademarks, similar to the proposed name.

5. If the search returns “No records found”, then there are no similar trademarks similar to the proposed name.

Frequently Asked Questions

Yes, you need a minimum of two directors for a private limited company. The maximum members can be 200. If you are the sole owner, you can register as a One Person Company.

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

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. They get the company incorporation certificate from MCA via courier at their business address.

There is absolutely no other payment. Our charges are inclusive of everything. We will send you an invoice with no hidden charges. Our team provides you support till you get your bank account.

incfile.in can incorporate a Private Limited Company within 15-25 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.

Yes, an NRI or Foreign National can become a Director in a Private Limited Company. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident.

You need to start the company with a minimum capital of Rs. 100,000. However, you neednot pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.

No, you don’t need a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office.

Well, you can get someone from your family or friend circle as the second direction and give them marginal share, e.g, 0.01%. You also have the option to register a One person company, but it will not be possible to add directors in OPC later.

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

Yes, you as a salaried person can become the director in private limited, LLP or OPC private limited company. You need to check your employment agreement if that allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.

No, you can’t convert your LLP into a Private Limited Company as it is not MCA. Both the LLP Act, 2008 and the Companies Act, 2013 don’t have any provisions on conversion of LLP in a private limited company. However, if you want to expand your business you can register a new Private Limited Company with the same name as that of the LLP. The LLP Company just needs to issue a no objection certificate.