Private Limited Company Registration

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Private Limited Company Registration

Why Private Limited Company?

Private Limited Company is the most reputed form of company registration services and suitable for people who are looking to raise fund, provide ESOPs, or do Online business registration with e-commerce companies. A registered Private Limited Company is a separate legal entity, which is able to enter into contracts in its own name. Liabilities of the Private Limited Company are the responsibility of the company – not the shareholders. Moreover legal compliance for Private Limited Company is less tedious when compared to Public Limited so it is preferred form of registering a new company. For private limited company incorporation, 2 DINs and 2 DSC is required. Also, the process of Closing Private Limited company has been simplified. Private Limited Company Registration can be done through MaxBusiness in Delhi, Mumbai and other Indian cities.

Private Limited Company Registration in Delhi takes about 7-10 working days and costs Rs. 9,400/-. Pvt ltd company registration Online process has been simplified now. The process of company formation in India is more or less similar in each state though Company Incorporation in Delhi is cheaper than registration of company in India elsewhere.

What is included in our company registration package?

DIN for 2 Directors
DSC for 2 Directors
Name Search & Approval
MOA/AOA
ROC Fees
Company Pan Card
TAN number

Procedure for Company Registration Service

Documents Required For Company Registration?

For Directors

PAN Card or Passport (Foreign Nationals & NRIs)
Aadhar/Voter’s ID/Passport/Driver’s License
Passport Size Photograph

For Registered Office

Latest Bank Statement/Telephone/Mobile/Electricity /Gas/Water Bill
Copy of Rent agreement (If rented property)
Copy of Property papers (If owned property)
Landlord NOC (Format will be provided)
Your registered office need not be a commercial space; it can be your residence, too.

Advantages of Private Limited

Liablity

Scared of implication? Don’t Worry! Director’s (Owners) Liability is Limited in case of any defaults in Private Limited Company

Fund Raising

Have the next big idea? If you register new company with a plan to raise find, it is easy to Raise Equity/Debt Funding from Banks or VCs in Pvt Ltd Company

Crediblity

Big Corporates wary to do business? Pvt Ltd Company has more credibility with Clients and Online Company Registration in case of e-Commerce companies

Easy To Close

Didn’t quite work out? No issues! It is as simple to close a Private Limited Company as registration of company in India.

FAQ’S

Q. What are the main advantages of getting Private Limited Company Incorporated for Online Business?

Private Limited Company has many advantages for Online Business but the main three advantages would be following: 1. Easy to raise Funds (Both Venture and Debt) 2. Easy to allocate ESOP to expand team 3. Credibility increases with potential customers

Q. Are the annual compliances for Private Limited Company costlier than other forms of Company Registration?

The cost of annual compliances of Private Limited Company is slightly higher than LLP and Firms. This is mainly due to the government fees which are on the higher side.

Q. How difficult it is to shift the registered office of Private Limited Company?

The shifting of address of Private Limited Company is fairly simple if it is to done within state but the process is very tedious and expensive if the address has to be changed to different state and many departments are involved.

Q. How many Private Limited Companies are registered in India every year?

As per an estimate, approximately 100,000 Private Limited Companies were registered last year (2016-17) alone. As per MSME department, there are over 50 million SMEs in India.

Q. What are salient features of Private Limited Company?

A Private limited company is owned by a private individual to run the company. A private limited company has minimum membership of 2 people and maximum member of 200 people (Sec 68 sub clause (ii)). According to section 68 of Companies Act 2013 Minimum paid up capital is 1 lakh to start the company. There is restriction on transfer of share which means if 20 people who have formed the private company these members can be the member only and cannot transfer their ownership without the consent of all the members. In private company word ltd (limited) is essential to be used.

Q. Is physical presence required to Register Private Limited Company/LLP Incorporation/Firm Registration in Delhi?

The complete process of Company Registration could be done Online and Physical Process is not required for Company Registration process. MaxBusiness conducts a check for your documents before filing for the registration to ensure that everything is in order .

Q. How many directors and shareholders are permissible for a Private limited company registration on Delhi or India?

For a Private Limited Company, Minimum- 2 and Maximum- 15 directors and upto 50 shareholders are allowed/needed.

Q. What are the Rules for getting name of the Pvt Ltd Company Registration Online?

The name of the Pvt Ltd company has to be approved by MCA, should have some meaning and not be taken by anyone else. Some of the words like UNO etc are not allowed to be used for Company Registration.

Q. What is authorised capital and how it is different from paid-up capital?

Authorised capital is the maximum capital a Private Limited Company Incorporation could raise through the sale of shares. On inception, a company is needed to authorise share capital of a minimum of Rs. 1 lakh. Paid-up capital is the amount actually issued on receipt of payment for the shares. There is no minimum paid-up capital. Even Rs. 10,000 would do for Company registration.

Q. What is the difference between a LLP Incorporation (Limited Liability Company) and a Private Limited Company Registration Online?

LLP Incorporation has limited liability for Partners whereas a register private limited company is one that offers limited liability to its share holders but places certain restriction on its ownership.

Q. Is it possible to do Private Limited Company Registration Online?

Yes, Pvt Ltd Company Registration Online is possible but you need a practicing CA to do the same. Private limited Company Incorporation has been simplified and it takes about 7 working days to get Private Limited Company Registration in Delhi.

Q. What are the advantages of Public Limited Company over Private Limited Company?

Public Limited Company can be listed in stock exchange and is considered to be more credible form doing business.

Q. What is TAN?

TAN is an alphanumeric 10 digit number required by a person who is liable to deduct TDS and file TDS return. All Private Limited Company and LLP needs to have mandatory TAN number. This number allotted is mandatory to mention in all TDS Certificates issued, returns, challans etc. If a person fails to apply for TAN he may be penalised upto Rs. 10,000/-.

Q. What is the criteria for becoming Director of Private Limited Company Registration?

The Director of a New Company Registration has to be an adult i.e. above 18 years of age. There is NO minimum requirement of educational qualification requirement to become director of Private Limited Company/LLP Incorporation/Firm Registration. The only criteria is that person should not be disqualified by government to become Director.

Q. Can a Trademark Registration be taken by Private Limited Company?

Yes, Trademark Registration can be taken by a Private Limited Company and it becomes property of the Private Limited Company. Infact many New Company registration takes Trademark of Logo on their name.

Q. Can a minor become Director of a Private Limited Company Registration?

No, the Director of a New Company Registration has to be an adult i.e. above 18 years of age. Though a minor can have a PAN Card but they cannot become Director of Private Limited Company Registration/LLP Incorporation/Firm Registration.

Q. What is the duration to incorporate a Pvt Ltd Company Registration?

The whole process of forming a Pvt Ltd Company Registration in Delhi takes about 10 working days. Private Limited Company Registration takes appx. Vicinity of 10 working days in other states/UT of India. The steps involved in Incorporation of Private Limited Company Registration are Digital Signature/DSC, Name Approval, MOA/AOA Drafting, Company Registration, Certificate of Incorporation receipt.

Q. What is validity of Private Limited Company Registration?

A Private Limited Company Registration has lifelong validity once it is registered.

Q. What is requirement of incorporation certificate for a Pvt Ltd Company Registration?

Certificate of Incorporation of a Pvt Ltd Company Registration is required to, Open a bank account for the business, Issues shares to new investors in the company, Apply for a loan for the company, Seek any other kind of funding for the business, Sell the company to someone else.

Q. How to register a company?

To register a company in Delhi or India, there are various options like Pvt Ltd Company Registration, LLP Registration, proprietorship firm registration, firm registration in delhi. It is advisable to go through a company registration consultant to register a company.

Q. What is Company Registration Fees for new company registration in india?

Company Registration Fees vary for Different Type for Company and it also depends on State of Incorporation as Government Tax is different in different Taxes. A Private Limited Company Registration Fees in Delhi is Rs 9,400/-

Q. What are advantages of Private Limited Company Registration over LLP Registration?

Private Limited Company Registration has many advantages over LLP Registration. First of all, in pvt ltd registration, you can take funding in different proportion of investment made by the investor i.e. if you have invested 1 Lac and your investor has invested 9 lacs in Company Registration, both of you can still own 50 percent each of company unlike a LLP Registration where you can get 10% of the shares and investor 90%. Also, Income Tax for Pvt Ltd Company Registration is 25% (if revenue less than 5 Crore) whereas it is 30% for LLP Registration.

Q. Do compliance of Pvt Ltd Company Registration needs to be done in first year of Company Registration?

In case of new company registration of Private Limited Company done before January, all the compliances are to be done. But if the Register of new company is done on or after January, there is no compliance to be done in first year of company registration.

Q. How is GST Registration Online of Private Limited Company Registration is done?

New GST registration of a Private Limited Company Registration can be done Online. Documents required for the same is PAN Card, COI, Cancelled Cheque of Private Limited Company Registration.

Q. Do the CIBIL report of person also matter to become Director of a Private Limited Company Registration?

No. The CIBIL report of Director does not matter to become Director of Private Limited Company. Having said that, it is important for Directors of Private Limited Company Registration to have good CIBIL score as they would need it for getting loans etc.

Q. Can a person be director of more than 1 new company registration?

Yes, a person can be director of more than 1 new company registration. It is very important that compliances of all Private Limited Company Registration, LLP Registration, New Firm Registration are done properly.

Q. Can director of Private Limited Company Registration resign without consent of other directors?

Resignation of Private Limited Company Registration depends on few factors but prima facie if Private Limited Company Registration has more than 2 Directors then director can resign.

Q. Do I need to print an application form and submit the physical copy of the same to complete the process of new company registration?

No, The application has to be submitted online only to complete the process of new company registration.

Q. Can I register the pvt ltd registration on my family member‘s name?

Yes, you can register your pvt ltd registration on your family member’s name. In this case, director of Private Limited Company Registration will be the family member.

Q. What is meant by the authorised capital in case of private limited company registration i.e is 1 lakh rupees?

It’s a just a maximum share value which you can issued in your private limited company registration so it’s not mean that you have to invest the 1 lakh rupees.

Q. What is the maximum number of members limit for private limited company registration?

200 is the maximum number of members limit for private limited company registration.

Q. Do I need to appoint a company secretary for Private Limited Company Registration?

Not unless you want to, there is no mandatory requirement for a private limited company registration.

Q. Is there any qualification to become a director or shareholder in a Private Limited Company Registration ?

Any individual can become a shareholder in a private limited company registration. For becoming a director in a company, no professional or educational qualification is required.

Q. Can registered office of private limited company registration may be situated outside India?

No, registered office of private limited company registration must be situated in Indian only.

Q. Can a private limited company registration buy gold?

Yes, any private limited company registration can invest in gold with their reserve or excess funds.

Q. In which all Business Structures a Start-up or new company registration can be formed?

The most popular structures to form Start-up or new company registration in India are Private Limited Company registration and Limited Liability Partnership (LLP registration). A wide acknowledgement is also being seen for One Person Company type start-ups. As far as a foreign company is concerned, it is better to start a start-up or new company registration as LLP registration or pvt ltd registration.

Q. How to apply a new Company name for a new company registration in India?

The Company name for a new company registration can be applied online in the MCA portal by filing Form INC-1 along with appropriate payment and attaching the digital signature of the applicant proposing to incorporate the new company registration.

Q. Do I need a proper office address to start a private limited company registration?

No, you don’t need a proper office, you can even register your private limited company registration at your residential address. It is perfectly legal to start the new company registration at your home or in your garage. MCA team typically doesn’t visit your office.

Q. How much money do I need to invest to start new company registration ?

You need to have a bank account with a minimum balance. This could be as little as Rs. 5000. You don’t need to invest any more capital to start the new company registration.

Q. A Private Limited Company called a separate legal entity,Why?

A Private limited company registration is a legal entity and like a different person established under the Act. It is treated as a different person which can own a property and have debts or creditors.

Q. If there are no partners available, then can one register their family members in the new company registration?

Yes, it is a good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors in the new company registration.

Q. Do I have to register all my private limited companies separately if I have multiple manufacturing units in a state/UT?

You will be having an option here for separate registration for your business verticals and you shall be granted a single private limited company registration in the state/UT.

Q. How long is the incorporation of the private limited company registration valid for?

Once a private limited company registration is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly.

Q. What are the benefits of a Startup India or new company registration in India?

A new company registration can easily be incorporated as a private limited company and should be registered in Startup community of India. The benefits of the Startup India are: Tax exemption on profits for three years, 80% reduction in patent registration fee, Intellectual Property Rights protection, Exempted from capital gain tax, Easy fund raising, 90-day exit window

Q. What are the other registration requirements of a Private Limited Company in India?

Register under Shops and Establishment Act, GST Registration, Register for Professional tax, Register with Employees’ Provident Fund Organization, Register with ESIC (medical insurance), Filing for Government Approval before RBI/FIPB for Foreigners and NRI’s

Q. Are there any further regulatory requirements after incorporated private limited company registration?

Yes, after incorporation of the Private limited Company registration and flow of equity fund into the Company from foreign source, Reserve Bank of India must be notified about the foreign investment in the Company through proper filing.

Q. Can the private limited company registered office be the residence of one of the directors?

Yes, the registered office of a private limited company registration can be the residence of one of the director or managing partner.

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