PRIVATE COMPANY REGISTRATION

(Online Process/Free Consultation)

Register your Private Company in 7-10 working days anywhere in India. Our dedicated team of professionals at Legal Time will help you to register your Company.

Private Company Registration

What is Private Company Registration?

A Private Limited Company is the most popular as well as the most preferred choice of business entity in India. As it requires a minimum of 2 members, it is most appropriate for small and medium-sized businesses and start-ups. It is a privately held business entity with a limited liability and allows for a 100% foreign direct investment with government approval. It takes only around two weeks to set up a Private Limited Company. It also allows a significant degree of distinction between the business entity and the management.

Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.

PRIVATE COMPANY REGISTRATION PROCESS IN INDIA

In order to start your business with such an entity, you need to go through the process of Private Limited company incorporation. Once you are successful with the process, you will get to enjoy the perks of a private limited company that include the following:

Step 1: Select a company name

The first step is to finalize a brand name and company legal name in consultation with a professional and check the availability of the name on the Ministry of Corporate Affairs (MCA) website.

Step 2: Digital Signature Certificate (DSC)

All proposed directors of the Private Limited Company must have a digital signature that will be used to file the online Company Registration application. Moreover, one can use the same DSC for a signing of ROC compliance e-forms, and E-Income Tax returns in the future.

Step 3: Director Identification Number (DIN)

DIN is a unique Director Identification Number which is allotted to every person who intends to become a director in a company. Application for the allotment of DIN is made in the SPICe form at the time of incorporation.

Step 4: Name approval

For the name approval step, an application is filed in the prescribed Form RUN (Reserve Unique Name) with the Ministry of Corporate Affairs.

Step 5: Submission of Final Incorporation form (SPICe) along With MOA & AOA

After name approval, one needs KYC, and other prescribed documents of Directors & Shareholders. After submission of SPICe form to MCA one will get Certificate of registration along with PAN & TAN.

As per the recent amendment, a new form has been introduced named as AGILE (INC-35). This form is accompanied with the SPICe form.

Submission of this form will provide registration of EPFO (Employees Provident Fund Organization), ESIC (Employee State Insurance Corporation) and GST for the company.

Step 6: Bank Account

Open your bank Account and Launch your business.

Benefits

A company is a separate person having its own rights & obligations. The identity of a Private Limited Company is distinct from that of its members.

A Private Limited Company can be incorporated with minimum 2 directors by filing SPICe E Form INC-32 along with link form SPICe MOA (INC-33) and SPICe AOA (INC-34) AGILE(INC-35). Once the documents are verified, Certificate of Incorporation (COI) is issued to the company by MCA within 2 to 3 days under Fast Track Registration.

For a private company, the earlier minimum number of share capital was Rs. 1,00,000, but now there is no such minimum obligation therefore, there is no pressure of fund requirements.

A Private Limited Company has the flexibility to easily raise loans and investments from Angel Investors, Venture Capitalists NRIs and foreigners.

A registered private limited company enjoys many tax benefits as well.

Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Private Ltd. company.

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

Why Choose us

1. STARTUP’S FIRST CHOICE

We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.

2. TECHNOLOGY DRIVEN PLATFORM

100% Technology driven platform to speed up your company registration process and make your life easy

3. BEST PRICING

We understand the value of money for startups. We offer complete transparency and affordable cost to startups.

4. 100% ONLINE SERVICE

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

5. EXPERT PROFESSIONALS

At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Requirements

Minimum two directors
Minimum two shareholders
At least one director should be from India
Maximum 200 shareholders

Documents Required

PAN CARD

Pan Card of Shareholders & Directors

Foreign Directors must provide a valid Passport notarized or apostilled

PHOTOGRAPH

Latest Passport size photograph of Shareholders & Directors.

IDENTITY PROOF

Aadhar Card/ Voter ID/Passport/ Driving Licence of Shareholders & Directors.

ADDRESS PROOF

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

FOR REGISTERED OFFICE

Rent agreement

Utility bills-telephone, electricity, and municipal (Not older than 2 Months)

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

  • Commencement of Business: File a declaration in Form INC-20A to obtain the Certificate of Commencement of Business.
  • Intimation of Registered Office Address: Intimation of Registered Office Address to R.O.C within 30 days of incorporation by filing a Form INC -22.
  • First Auditor Appointment: Appointment of First Auditor Within 30 days of incorporation
  • Share Certificates: The Share Certificate to the subscribers of the MOA needs to be issued within 60 days of incorporation

GST Registration

Goods and Service Tax registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states) GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.

Trademark/Patent Registration

Trademark and Patent gives protection from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act 1999.

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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