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Private Limited Company

Documents Required

  • PAN Card
  • Passport (Foreign Nationals Only)
  • Voters Identity Card

A Private Limited Company (PLC) is a famous business structure in India, offering limited liability, perpetual existence, ease of fund-raising and transfer of ownership, and tax benefits.

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Private Limited Company Registration in India

Setting up a business in India often involves choosing a private limited company as a preferred option. This structure offers shareholders limited liability protection while placing specific ownership constraints. In contrast, in the case of an LLP, partners oversee the management. Private limited company registration allows for a clear distinction between directors and shareholders.

At Taxinno, we offer a cost-effective service to facilitate the seamless registration of your company in India. We handle all legal formalities, ensuring strict compliance with the Ministry of Corporate Affairs (MCA) regulations.

What is a Private Limited Company?

A Private Limited Company (PLC) is India’s widely preferred legal entity, governed by the Companies Act 2013. The minimum requirement to register a Private Limited Company in India is to have two Directors and two Shareholders, with at least one Director being an Indian resident and citizen.

Moreover, setting up a registered office in India is mandatory to establish the company. The Directors can also be shareholders of the company. The company registration process is straightforward and can be completed within a few days.

Moreover, India allows 100% Foreign Direct Ownership (FDI) in most sectors, and there are no restrictions on foreign shareholding in a Private Limited Company. This makes it an ideal option for foreign subsidiaries looking to establish their presence in India.

So, if you plan to start a business in India, a Private Limited Company is a great option. With Taxinno, you can complete the registration process quickly and easily, allowing you to focus on building and growing your business.

Documents Required for Company Registration
To register a Private Limited Company in India, the following documents are required:
  • Directors’ and Shareholders’ Documents:

    • PAN Card

    • Aadhaar Card or Voter ID or Passport or Driving License

    • Passport-sized photograph

    • Email ID and mobile number

  • Registered Office Documents:

    • Address proof of the registered office (electricity bill, property tax receipt, etc.)

    • No Objection Certificate (NOC) from the owner of the registered office

    • Rent agreement or lease agreement of the registered office (if rented)

  • Other Documents:

    • Memorandum of Association (MOA) and Articles of Association (AOA)

    • Digital Signature Certificate (DSC) for all Directors

    • Director Identification Number (DIN) for all Directors

Having these documents in order and ready to go will streamline the company registration process and ensure that your Private Limited Company is up and running as soon as possible. Taxinno can help you with the registration process and make it a hassle-free experience.

Capital Required to Start a Company

There is no specific minimum capital requirement to start a Private Limited Company in India. However, the following are the capital requirements for different stages of company registration:

  • Authorized Capital: This is the maximum amount of capital a company can raise by selling its shares. There is no specific minimum requirement for authorized capital.

  • Paid-up Capital: This is the amount of capital a company has received from shareholders. At the time of company registration, there is no specific minimum requirement for paid-up capital.

  • Stamp Duty: Stamp duty is a tax levied on various documents, including company registration-related documents. The amount of stamp duty varies from state to state in India.

  • Professional Fees: Professional fees include hiring a Chartered Accountant or Company Secretary to assist with the company registration. 

Overall, the capital required to start a Private Limited Company in India will depend on various factors, such as the nature of the business, the number of shareholders, and the location of the registered office. With Taxinno, you can get a clear idea of the capital requirements and complete the company registration process smoothly.

Company Registration Process

The company registration process for a Private Limited Company in India involves the following steps:

  1. Obtain Digital Signature Certificate (DSC): DSC is required for the online filing of documents. The Director(s) of the proposed company should obtain DSC from a certifying authority.

  2. Director Identification Number (DIN): DIN is a unique identification number allotted to the Director(s). DIN can be obtained by filing Form DIR-3.

  3. Name Approval: Choose a suitable name for the company and check its availability on the MCA portal. Apply for name approval through Form RUN.

  4. Incorporation Documents: Prepare and file the incorporation documents with the Registrar of Companies (ROC). The records include MOA, AOA, Form SPICE+ (INC-32), Form INC-9, and other required documents.

  5. Payment of Fees: Pay the prescribed incorporation and stamp duty fees for the Memorandum of Association and Articles of Association.

  6. Certificate of Incorporation: After verifying the documents and payment of fees, the Registrar of Companies will issue a Certificate of Incorporation.

  7. PAN and TAN Application: Apply for PAN and TAN of the newly incorporated company.

With Taxinno, the company registration process can be completed online, making it hassle-free and convenient. Our team of experts can assist you at every step of the process, ensuring a smooth and quick registration.

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