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Fastest Private Limited (Pvt. Ltd.) Company Registration In India | Same Day Process
Setting up of startup from the private limited type to the max possible registration fees, with Perfect Consulting India having registered an MCA (Ministry of Corporate Affairs) and MSME registration in India, you will have the ability to complete the procedure at the same time as you write the documentation.
Overview
90 % of Companies especially in India are generally made Private limited companies or very close to that. And that is why Private Limited Company in India becomes one of the most well-known business entities. Beyond 150,000 numbers of companies are being registered on a yearly basis. Defined now under the Companies Act, 2013; it has the identity of a separate legal entity; limited liability, and perpetual existence.
Private Limited Company has to fulfill the underlined eligibility:
Number of Directors: Min 2, Max 15.
Number of Shareholder: Min 2, Max 200. One person can be both director and shareholder.
Citizenship- At least one director should hold Indian Citizenship.
Comparison
| 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 |
Documents Required for Private Limited Company Registration
Package
Consultation Plan
- Professional Fee: INR 999
- Process
- Required Documents
- Benefits
- Tax Compliance
- Legal Advice
- Timeframe etc.
Start Up Plan
- Professional Fee: INR 2999
- Register your Private Limited Company at Ministry of Corporate Affairs
- Drafting & Filing by CA/CS
- Expert advice by CA/CS
- MCA processing and CIN
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
Basic Plan
- Professional Fee: INR 7999
- Register your Private Limited Company at Ministry of Corporate Affairs
- Drafting & Filing by CA/CS
- Expert advice by CA/CS
- MCA processing and CIN
- Company PAN & TAN
- MOA (Memorandum of Association)
- AOA (Articles of Association)
- Allotment of 2 DINs (Director Identification Numbers)
- ESI (Employee State Insurance) and PF (Provident Fund) registration
- GST (Goods and Services Tax) registration
- INC-20A commencement of business
- The 1st Board Resolution documentation
- Consent Letter drafting
- Appointment of the Auditor
Smart Plan
- Professional Fee: INR 16999
- Register your Private Limited Company at Ministry of Corporate Affairs
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
- GST registration
- INC-20A commencement of business
- The 1st Board Resolution documentation
- Consent Letter drafting
- Appointment of the Auditor
- Current Account Opening in your nearest branch
- MCA processing
- MCA annual return filing and DIR-3 Director KYC
Mega Plan
- Register your Private Limited Company with the Ministry of Corporate Affairs
- 1 Trademark Application
- Company PAN & TAN
- MOA
- AOA
- Allotment of 2 DINs
- ESI and PF registration
- GST registration
- INC-20A commencement of business
- The 1st Board Resolution documentation
- Consent Letter drafting
- Income Tax Return filing
- Financial statements preparation
- Appointment of the Auditor
- MCA processing
- MCA annual return filing and DIR-3 Director KYC
- GST Return filing for 12 months
Compliances for a Private Limited Company in India
There's quite a number of things to keep in mind while applying for the compliance certificate for private limited company registration in India. Some of these include:
Holding at least 2 board meetings in a calendar year with a quorum of 1/3rd total number of directors or at least 2 directors to specify such meetings. All minutes should be recorded.
An AGM should take place every year with a break of 15 months between the two AGMs.
AUDITOR-TO-BE APPOINTED WITHIN THE 15 DAYS FROM THE INCORPORATION OF THE COMPANY THROUGH FORM ADT-1 TO THE RoC.
Benefits of Becoming Private Limited Company
In case of financial distress or shutting down of a private limited company, then the shareholders cannot lose their personal assets as collateral.
Start-up India scheme provides a plethora of benefits in terms of raising funds, a subsidy for trademark registration, etc.
Getting in or out of the membership of the company is easier. It is also easier to transfer.
As the business Corporation will be valued as a business entity and not an owner, its sale will be easier.
The continuity of existence of the company shall remain until it is closed in the manner prescribed under the applicable law.
According to the provisions of the Companies Act 2013, a company can solicit public investment in share capital or deposit and therefore, raise capital more easily than other forms of business organization.
A Company as a legal entity can own funds and its other property. The property of Company is not property of the shareholders themselves.
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.
Procedure for Annexing Pvt. Ltd. Company
1
Fill the form and make payment for application.
2
The experts call back post-payment and proceed.
3
Draft of how to register a pvt limited company will be created.
4
DIN Number and DSC will be applied.
5
The Document AOA and MOA then need to be submitted for approval.
6
All complete documents then forward to Registrar Of Companies (ROC) of that particular state for registration and incorporation.
7
It is then just a matter of time with processes done to register a company.
8
The report after registration of a private limited company is then delivered to the said person.
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Frequently Asked Questions (FAQs)
Fees for registration of a private limited company have been slashed by the Ministry of Corporate Affairs, Government of India; registration can, however, not be done free of charge, though the costs are nominal.
As per the Section 18 of the Companies Act, 2013 and as per the provision of Companies (Incorporation) Rules of 2014, an One Person Company (OPC) can be converted or changed things into a Private limited Company (PLC). The conversion of the OPC to a private limited company would not affect the existing debts, liabilities, duties, or contracts of the OPC. The relevant conditions for conversion include amendments 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). For the conversion, Form INC-6 has 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.