A Private Limited Company is a distinct legal entity, requiring a minimum of two or more individuals to establish. This structure allows shareholders to safeguard their personal assets from company liabilities. Their liability is limited to the capital invested, and the company is separate from its members. Solubilis offers affordable private limited company registration in India. With our expert guidance, we simplify and streamline the registration process, ensuring a hassle-free experience without errors. Choose Solubilis for a smooth and secure private limited company registration journey.
A Private Limited Company has a perpetual existence in the eyes of the law.
No minimum capital requirement is imposed.
No need for private subscriptions or issuing prospectuses.
Managed by a board of directors
Registered companies must include "private limited" in their company name suffix for legal compliance.
Pre Requisites:
A minimum of two directors and shareholders is needed.
The proposed company must have a registered office.
The authorized and paid-up capital can be determined as per your requirements.
All subscribers and directors must possess a Digital Signature Certificate (DSC).
Director Identification Number (DIN) is necessary for every Director.
Proposed director & Shareholder - Indian Citizen:
PAN Card
Aadhar Card
Proof of Address (Bank Statement, Telephone Bill, EB, Mobile Bill - Latest of Two Months)
Passport Size Photo
Proposed director & Shareholder - Foreign National:
Copy of Passport (Notarized and Apostilled)
Copy of Address Proof (Notarized and Apostilled)
Copy of Nationality Proof (Notarized and Apostilled)
One Passport Size Photo
Register Office documents:
Rental Agreement (mandatory for rented offices)
Electricity Bill (not more than two months old)
A No Objection Certificate (NOC) from the landlord if the office is not rented and is an occupied space.
Step 1: Name application:
Submit a name reservation application to the (ROC) Registrar of Companies. You can propose two names and have one resubmission.
Step 2: Name Approval / Rejection:
The Central Registration Centre (CRC) will review and either approve or reject your name application
Step 3: Application for DSC
Obtain a DSC for all company subscribers and directors.
Step 4: Preparation of MOA & AOA
Draft the MOA and AOA, ensuring they are digitally signed.
Step 5: Forms and Documents Filing:
File the private limited company registration application, along with MOA, AOA, and necessary documents, along with the applicable fees.
Step 6: Certificate of Incorporation:
Once the Registrar of Companies (ROC) is satisfied, you will receive the Certificate of Incorporation, along with DIN (Director Identification Number), PAN (Permanent Account Number), and TAN (Tax Deduction Account Number). Your company is officially incorporated.
FAQ'S
A Private Limited Company is a distinct legal entity with perpetual succession and limited liability. Shareholders are responsible only for the value of their paid-up shares, safeguarding personal assets.
Private Limited Companies offer several tax advantages for businesses. Here's a list:
Pvt Ltd companies often enjoy lower corporate tax rates compared to other business structures. Shareholders' liability is limited to their investment in the company, protecting personal assets from business debts.
Certificate of Incorporation along with PAN and TAN Number
Memorandum of Association
Articles of Association
Foreign nationals and NRIs can register a private limited company in India following RBI's FDI norms, either through the Approval or Automatic route for investments.
Converting an LLP to a Private Limited Company is not allowed in India, as per government regulations. The LLP Act, 2008, and the Companies Act, 2013, don't provide provisions for such a conversion. To expand your business, consider registering a new Private Limited Company with INC-29, a simplified registration process. It's an effective way to take your business to the next level within the legal framework.
Becoming a director in a private limited company while being a salaried employee is legally permissible. However, it's crucial to review your employment agreement for any restrictions on such roles.
Authorised capital is the maximum number of equity shares a company can issue. Paid-up capital is the actual value of shares issued to shareholders. In India, there's no mandated minimum for authorized or paid-up capital to start a private limited company in India. You can increase the authorized capital even after incorporation. Paid-up capital represents the value of shares allocated to shareholders, allowing flexibility in structuring your company's finances as per business needs.
Private limited company registration in India usually takes 7-10 working days. Processing time may vary based on document submission and government approval, so the timeline can differ accordingly.
In the realm of private limited companies, there are two key types: Private Company Limited by Guarantee:
This type doesn't have traditional shares. Instead, members commit to paying a set capital amount if the company faces liquidation. Private Company Limited by Shares:
Here, the company has shareholders with limited liability. Its shares aren't usually available to the public. These two variations offer different structures for businesses to operate under, each with unique characteristics and purposes.
For private limited companies in India, GST isn't mandatory if the annual turnover stays below 40 lakhs for manufacturers and traders or 20 lakhs for service providers. Additionally, there shouldn't be any interstate sales, meaning sales between different states.
