Private Limited Company

Simplest and a very popular form of Company Registration in India. Prices Starting from INR 8999/- only.

Rs. 8999 /- only
About PLC PLC Benefits Documents Required Choose Name PLC Process Time Needed

What is a Private Limited Comapny Registration ?

A private limited company is a type of business organization in which the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Private limited companies have the right to offer shares to the public and have their securities listed on the stock exchange. They are also known as "limited liability companies".

What do we understand by Limited Liability Company?

A limited liability company (LLC) is a type of business structure that limits the personal liability of its owners from the company's debts and other liabilities. The owners of an LLC are referred to as its members. LLCs are one of the most popular business structures for small businesses due to its flexibility and asset protection benefits.

Benefits of Private Limited Company

The benefits of registering a private limited company include:

Limited Liability

Shareholders of a private limited company are liable only up to their invested capital, meaning that their persona assets such as homes and cars are safe in the event the company runs into trouble.

Professionalism

Registering a company gives the business a professional image, which is essential when trying to win over clients or investors.

Tax Benefits

Companies pay lower tax rates than individuals, and company profits can be distributed among shareholders as dividends, meaning that shareholders can potentially pay less tax.

Perpetual Succession

A company can last forever, regardless of who owns it. This means that ownership can be transferred without affecting the company’s continuity.

Documents

In order to register a private company limited, you will need to provide the following documents:

  • A duly signed and completed Form 1 (Memorandum and Articles of Association)
  • A duly signed and completed Form 2 (Application for registering a company limited)
  • A duly signed and completed Form 13A (Declaration of compliance with the requirements of the Companies Act)
  • A duly signed and completed Form 11 (Consent of the Directors to act as such)

Form 8

  • A duly signed and completed Form 8 (Notice of Situation of Registered Office)

Form 10

  • A duly signed and completed Form 10 (Statutory Declaration of Compliance)

Proof of Identity

  • A copy of the identity cards/passports of the directors. A copy of the utility bill of the registered office of the company.

Agreement

  • A copy of the tenancy agreement of the registered office of the company. The prescribed fee for registering the company limited.
Name of the Company

To select a name for a private company limited registration, the following steps should be taken:

Unique Name

Brainstorm potential names. Check the availability of the name and see if it is not already taken by another existing company. Finalize the name and register it with the relevant authorities.

Business Activity

Decide if you want to use the company’s name as the trading name. Make sure the name is not too similar to any other existing company. Consider if the name should include words related to the company’s industry or product/service.

Name Suffix

Ensure the name is not too long or difficult to spell or pronounce. Check the name against any trademarks or copyright issues. Make sure the name is not offensive or embarrassing.

Process

To register a private limited company in India, the following steps should be taken:

1. Process

  • Obtain a Digital Signature Certificate (DSC): This can be obtained from a service provider such as eMudhra.
  • Obtain a Director Identification Number (DIN): This can be done by filing an eForm DIR-3 with the Ministry of Corporate Affairs.
  • File an eForm Incorporation with the Ministry of Corporate Affairs.

2. Process

  • Promoters will have to make a declaration of their compliance with the Companies Act.
  • The Registrar of Companies will issue a Certificate of Incorporation upon successful registration.
  • After this, the company must obtain PAN, TAN, and GST registrations.

3. Process

  • The company should also open a corporate bank account.
  • Finally, the company should file the necessary documents with the relevant authorities.
Time needed:

The process of registering a Private Limited Company in India generally takes 10-15 working days, depending on the compliances to be followed.

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