Bizigo

Pvt Ltd Company Registration Packages

STANDARD

₹ 9499/- (All Inclusive)
  •  
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus

ENHANCED

₹ 12499/- (All Inclusive)
  •  
Popular
  • Everything in STANDARD+
  • GST Registration
  • INC-20A Filing

PREMIUM

₹ 19999/- (All Inclusive)
  •  
  • Everything in ENHANCED +
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

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Private Limited Company

The Companies Act of 2013 regulates the registration of private limited companies in India. It provides business owners and entrepreneurs with a number of benefits, including credibility and limited liability protection. Two shareholders and directors are required for registration, with one director having Indian residency. The business must have a distinctive name that adheres to naming standards. A Digital Signature Certificate (DSC), a Director Identification Number (DIN), and the submission of required paperwork to the Registrar of Companies (ROC) are required for the process. Following registration, the business is issued a Certificate of Incorporation and has compliance obligations. Private limited corporations benefit from things like simplicity in acquiring capital and adaptability in share ownership and transfer. Maintaining the position and benefits of the organization depends on legal compliance. It is also considered as the most transparent form of business, as it complies with all statutory legislation. It has been refined over years to offer the best of practices and policies needed for businesses to help them grow and scale smoothly. We provide you quick and affordable service to register a pvt ltd company in telangana with out any hidden charges. Get Register your private limited Company today, we will handhold you throughout the process.”

Who can apply for Registration

Any individual or group of individuals, including foreign nationals and non-resident Indians (NRIs), can apply for the registration of a private limited company in India. The key requirements are as follows:

Minimum Shareholders

A minimum of two shareholders is necessary for company registration. The shareholders can be individuals or corporate entities.

Unique Name

The proposed name for the private limited company must be unique and not already registered or infringing upon any existing trademarks. It should also comply with the naming guidelines provided by the Ministry of Corporate Affairs.

Minimum Directors

A minimum of two directors is required to register a private limited company. At least one of the directors must be an Indian resident.

Director Identification Number (DIN):

Each director must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs. DIN is a unique identification number allotted to directors and is necessary for their appointment in the company.

Digital Signature Certificate (DSC

The directors applying for company registration need to obtain a Digital Signature Certificate (DSC) from certified agencies. The DSC is required for online filing of documents.

Registered Office

The company must have a registered office address in India where official correspondence and notices can be sent. It can be a residential or commercial address.

Detailed Procedure

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Obtaining a Digital Signature Certificate (DSC):
Getting Digital Signature Certificates (DSC) for each of the company's directors and shareholders is the first stage. The DSC acts as an electronic signature for documents submitted online.
Receive a Director Identification Number (DIN):
The Ministry of Corporate Affairs (MCA) requires that each director of the firm receive a Director Identification Number (DIN). You can accomplish this by submitting an online DIN application.
Name Reservation
Choose a unique name for the company and check its availability using the MCA's RUN (Reserve Unique Name) service. The proposed name should adhere to the naming guidelines and should not infringe any existing trademarks.
Preparation of Document
Prepare the necessary documents, including the Memorandum of Association (MOA) and Articles of Association (AOA). These documents outline the company's objectives, shareholding structure, and operational rules.
Application for Incorporation
Prepare and file the application for incorporation (Form SPICe - Simplified Proforma for Incorporating Company Electronically) with the Registrar of Companies (ROC). This form includes details of directors, shareholders, registered office address, and other required information.
Payment of Fees
Pay the prescribed registration fees based on the authorized capital of the company.
Verification and Approval
The ROC will review the application and documents submitted. If everything is in order, they will issue a Certificate of Incorporation, which serves as proof of company registration.
PAN and TAN
Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company. These are required for tax purposes.
Compliance Requirements
After incorporation, the company must comply with various statutory requirements, such as maintaining books of accounts, conducting annual general meetings, and filing annual financial statements with the ROC.
Post-Incorporation Filings
Complete any additional filings, such as obtaining GST registration (if applicable) and other necessary licenses or permits based on the nature of the business.

Documents Checklist

Identity Proof

  • Copy of PAN card (Permanent Account Number) for Indian nationals
  • Copy of passport for foreign nationals.

Address Proof

  • Copy of Aadhaar card or Voter ID card or driving license or passport or any utility bill (electricity bill, water bill, etc.) for Indian nationals.
  • Copy of passport or any utility bill for foreign nationals.

Passport-size Photographs

  • Recent passport-sized photographs of all directors and shareholders.

Proof of Registered Office Address

  • Copy of rental agreement or sale deed along with the electricity bill, water bill, or property tax receipt. If it is a rented property, a No Objection Certificate (NOC) from the owner is also required.

Declaration and Consent Forms

  • Directors and shareholders need to sign declaration and consent forms, affirming their eligibility and consent to act as directors and shareholders of the company.

Merits of Registering Private Limited

Limited Liability Protection

Limited liability protection is one of the most important benefits of a private limited business. Shareholders' personal wealth is protected since their assets are kept apart from the company's liabilities.

Separate Legal Entity

Unlike its directors and stockholders, a private limited corporation is regarded as a separate legal entity. Due to the split, the business is protected legally and is now able to own property, sign contracts, and file or defend lawsuits under its own name.

Credibility and Eternal Existence

Financial institutions, vendors, and clients view registered private limited companies with greater credibility. Changes in the ownership of the firm or the passing of any of its shareholders or directors have no effect on the company's existence, ensuring continuous existence.

Ease of Fundraising

In comparison to other business forms, private limited corporations have better chances of successfully raising capital. In addition to distributing shares to investors, they can entice cash from venture capitalists, angel investors, and other funding sources. The business may scale up and grow because of this fundraising flexibility.

Transferability of Ownership

Shares in a private limited company are easily transferable, enabling shareholders to buy or sell shares in accordance with their needs. Due to the availability of liquidity, this makes it easier for shareholders to join or leave.

Tax benefits

The tax rates applicable to private limited companies are generally different from those applicable to individuals. Private limited companies in India are subject to a flat corporate tax rate, which is currently 25% for domestic companies whereas for partnership firms it is 30%.

Comparison Chart

Basis of comparison
Pvt. Ltd
Partnership
Proprietorship
LLP
OPC
Ownership
Separate legal entity.
Two or more members
Single individual
Minimum of two designated partners
Sole director
Liability
Limited liability
Unlimited liability
Unlimited liability
Limited liability
Limited liability
Compliance and regulations
Requires compliance with the Companies Act
Fewer compliance requirements
Minimal compliance requirements
Requires compliance with the LLP Act
Fewer compliance requirements
Decision making and control
Decision making is structured
All partners have an equal say in decision making
The proprietor has decision-making authority
The LLP agreement determines decision-making powers.
The sole shareholder has complete control over decision making.
Continuity of the firm
Continuity is not affected
Dissolves upon the death or retirement of any partner
Continuity is a challenge.
Continuity is not affected by changes in partners.
Conversion to a private limited company is required
Taxation
Corporate tax is applicable
Partnerships are not taxed separately
The proprietor is personally taxed
LLP is taxed as a separate entity,
OPC is taxed as a separate entity
Funding and Investment
Easier to raise funds
Partners contribute capital to the partnership.
Funding is primarily limited
Partners contribute capital to the LLP.
Funding is limited to the capital
Conversion and expansion
Can easily be converted
Conversion is complicative
Conversion may require compliance
Can easily be converted
Can be converted on certain criteria
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FAQ's

A minimum of two directors and two shareholders are required for private limited company registration. One of the directors must be an Indian resident.
There is no specific minimum authorized share capital requirement. It can be as low as INR 1 or any higher amount chosen by the company.
Yes, foreign nationals and NRIs can be directors and shareholders in a private limited company. At least one director must be an Indian resident.
The registration process typically takes around 10-15 working days, depending on the timely submission of documents and approvals from the Registrar of Companies (ROC).
Yes, the registered office address can be a residential or commercial address. It serves as the official correspondence address for the company. Objectives, Amount of authorized share capital Whether liability of its members is limited by shares or by guaranty, and What type of contracts the company is allowed to enter into. A Company cannot do any act which is beyond the Memorandum of Association.
After registration, the company must comply with various statutory requirements, including maintaining books of accounts, conducting annual general meetings, and filing annual financial statements with the ROC.
No, the proposed name for the private limited company must be unique and not already registered or infringing upon any existing trademarks. It should comply with the naming guidelines provided by the Ministry of Corporate Affairs (MCA).
Yes, the name of a private limited company can be changed after registration. The process involves obtaining approval from the ROC and filing necessary documents and forms for name change.
Yes, the registered office address of a private limited company can be changed after registration. The process involves obtaining approval from the ROC and filing necessary documents and forms for address change.
No, it is not mandatory to have a company seal for a private limited company. The use of company seals has been discontinued in India.

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