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Registration of startup companies in private limited format at the lowest possible fees with Perfection Consulting India has registered an MCA (Ministry of Corporate Affairs) and MSME registration in India. You will be able to complete the entire documentations on the same day.
90% of companies in India are either Private Limited companies or very close to it. And for this very reason, Private Limited Company in India becomes one of the most well-known business entities. More than 150,000 companies that are being registered on a yearly basis. Defined now under Companies Act, 2013, it enjoys the status of a separate legal entity with limited liability and perpetual existence.
Number of Directors- Minimum 2 and Maximum 15.
Number of shareholders- Minimum 2 and maximum 200. However, one person can act as both director and shareholder.
Citizenship- At least one director should hold Indian Citizenship.
Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm | |
Act | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
Registration Requirement | Mandatory | Mandatory | Mandatory | Optional | No |
Number of members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
Separate Legal Entity | Yes | Yes | Yes | No | No |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
Statutory Audit | Mandatory | Mandatory | Dependent | Not mandatory | Not mandatory |
Ownership Transfer ability | Yes | No | Yes | No | No |
Uninterrupted Existence | Yes | Yes | Yes | No | No |
Foreign Participation | Allowed | Not Allowed | Allowed | Not Allowed | Not Allowed |
Tax Rates | Moderate | Moderate | High | High | High |
Statutory Compliance | High | Moderate | Moderate | Less | Less |
Consultation Plan
Start Up Plan
Basic Plan
Smart Plan
Mega Plan
In order to get a compliance certificate for the private limited company registration there are various aspects that need to be kept in mind. Some of the elements are:
2 board meetings in a calendar year with 1/3rd of the total number of directors or a minimum of 2 directors. The minutes are to be recorded.
An AGM is required to be conducted every year and there should be a gap of 15 months between each of the two AGMs.
Appointment of the Auditor within 15 days of the incorporation of the company through Form ADT-1 to the RoC.
If a private limited company was in financial trouble and had to close, shareholders would not risk losing their personal assets.
Under the Startup India scheme you can avail lot of the benefits like raise the funds, subsidy for the trademark registration etc.
It is easier to subscribe or leave the membership of the company. Also it is easier to transfer the ownership.
As business Corporation value will be based on the business, not the owner, therefore making it easier to sell the company.
The company shall continue to exist till it's wind up in accordance with the provisions of the relevant law
As per Companies act 2013 a company can sell shares to the public or can accept deposits from public and can therefore raise money easier than other business structure types.
A Company as a legal entity is capable of owning its funds and other properties. The property of Company is not the property of its shareholders.
Companies are governed by the companies Act, 2013 and have to follow various other regulatory procedures during the course of its governance.
Companies are often taxed at a lower rate and are provided with better taxable benefits as compared to other forms of business organization.
As a juristic legal person, a company can sue in its name and be sued by others.
1
Fill the form and make the required payment for the application.
2
Post-Payment the experts will call back and proceed accordingly.
3
A draft regarding how to register a pvt ltd company will be made.
4
The DIN Number and the DSC will be applied for.
5
AOA and MOA are the next document that needs to be submitted for approval.
6
All documents are then sent to the Registrar Of Companies (ROC) of the concerned state for registration and incorporation.
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Once all the process is done it is just a matter of time before one gets to register a company.
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After the private limited company registration, the document is then sent to the person.
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The Ministry of Corporate Affairs (MCA), Government of India has reduced the fee for registering a private limited company, but registration cannot be done for free. The charges are minimal, but they are not free.
An One Person Company (OPC) can be transformed into a Private Limited Company (PLC) as per Section 18 of the Companies Act, 2013 and the provisions of Companies (Incorporation) Rules of 2014. The conversion of OPC into a private limited company will not affect the existing debts, liabilities, duties, or contracts of the OPC. The necessary requirements for the conversion include changes in the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC (As per the provisions provided in section 18 of the Companies Act, 2013, along with section 122 of the Act). To apply for conversion, Form INC-6 needs to be filled and submitted to the Ministry of Corporate Affairs, Govt. of India.
A Director Identification Number is an 8-digit unique identification number allocated by the central government to every individual seeking to become a director or already serving as a director. The DIN, once allotted, has a lifetime validity. It helps the government keep track of all directors and is used on all official documents requiring the signature of the Director.