Take your business to the next level by registering it to a private limited company without any hassle. Unlock the benefits of private limited registration, like getting legal recognition, protection of your personal assets and strong market trust. Our experts will simplify the whole process for you, from documentation, compliance on one hand to final approval on the other so that you can concentrate on building and growing your business.
With fast processing, clear pricing and expert assistance at every step, we make your registration process smooth, simple and stress-free.
Make your business concept legal and put the initial step to expansion, investment, and success. Now you can easily register your company.
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A Private limited company is a legally registered business structure. Registered under the Companies Act, 2013. It has a separate business recognition, where shareholders are the owners of the company and directors take care of the company.
It is among the most preferred business structures for:
Why Choose Private Limited Company?
A private limited company can comprise up to 200 shareholders, which makes it an appropriate choice for businesses who want to grow and scale quickly.
A private limited company: As explained in Section 2(68) of the Companies Act, 2013:
Joint shareholders who share his or her shares are considered as one-member.
Members of the Society are not counted:
This legal definition implies the ability to privately own the company and have structured governance at the same time.
One of the popular business structures that entrepreneurs and startups use in India is the private limited company registration procedures. It offers legal protection, reputation in the market and higher development prospects to businesses. However, it is important to know its major benefits before choosing the structure.
Limited Liability
Limited liability can be listed among the greatest benefits of a private limited company. The shareholders are liable to the extent of the capital they have invested in the firm. This implies that their personal possessions will not be at risk in case the business faces money loss or legal issues. It provides you financial security and peace of mind.
Separate Legal Identity
A Limited Company is a separate legal entity from its owners. This implies that the company may own property, contract and sue under its own name by registering the business name. This distinction between the proprietors and the business makes it more credible and the business runs smoothly. Even when the business owner changes, the existence of the company remains as it is.
Continuous Existence
The presence of a private limited company is not subject to the shareholders or the directors of the company. The company does not stop its activities even when ownership is transferred because of any reason either its transfer of shares, resignation or death of a member. This is the main reason why most entrepreneurs choose the registration of a company as a private limited.
Easy Transfer of Ownership
The ownership in a Private limited company is easily transferable. It can be transferred just by moving the shares from one person to another (with some restrictions). This makes the entrance or exit of the investors easy. It makes the planning of business growth smooth and ensures flexibility without affecting business operations.
Tax & Financial Benefits
A business registered under a Private Limited Company gets better tax planning benefits as compared to unregistered ones. You can manage business expenses efficiently, which assist in optimizing overall financial performance.
If you want to register a private limited company online, simply follow this guide step by step. This guide helps you to understand the entire process easily.
STEP 1: Digital Signature Certificate (DSC) is acquired
The initial process for private limited company registration process is to acquire Digital Signature Certificate of all the proposed directors and subscribers. DSC is required to sign electronic documents since MCA company registration is entirely online.
Why DSC is important:
The sooner you do it, the better you will prevent any delay during your registration.
STEP 2: Company Name Approval
The approval of names is by means of SPICe+ on the MCA portal.
You have two options:
Option 1: SPICe+ Part-A: Reserve Name.
Make sure the name:
Alternative 2: Name and Incorporation
Part-A and Part-B of SPICe+ can be filed together to have a quick private limited company incorporation.
Benefits:
Generally, the whole process of pvt ltd company registration takes between 7-10 working days in case the documents are correct.
STEP 3: SPICe+ Part B (Main Incorporation Form) Filing
The pvt ltd registration online is in SPICe+ Part B.
One integrated form is used to apply to:
The form automatically fills in documents such as:
Directors and a professional (CA/CS/Advocate) must sign all documents electronically.
STEP 4: Certificate of Incorporation. (COI)
After the approval, the Registrar of Companies (ROC) issues:
The COI certifies that your company incorporation, as a private limited company, is finished. You can now:
Getting the proper knowledge regarding the required documents for private limited company registration is helpful in preventing last minute delays, rejections and unnecessary hassle. Keeping everything ready in advance makes the process easy and smooth.
Documents For Director and Shareholder:
Registered Office Address Proofs:
Other Requirements:
Pro Tip: Registration of the MCA company process becomes quick and easy by keeping all the documents up to date and ready.
The cost of pvt ltd company registration is not certain and usually depends on many factors.
Factors Affects Registration fees are:
However, startup registration in India is affordable, as the government charges are not that high in comparison with registering a startup globally.
The entire process to register private limited company in India normally takes:
7 to 10 working days
Timeline Depends On:
MCA has made the process easier, hence the registration of companies in India is now quicker than ever.
To prevent fines or any penalty to run the business smoothly, some compliance requirements must be done after private limited company registration.
Key Compliance Requirements
The timely ROC filing and compliance with the income tax helps you to prevent fines, maintain reputation and build trust among the customers.
At Firststartup we offer registration services to turn your business to a Private limited company and we also provides end-to-end support of:
We offer services to businesses in India at reasonable costs, guided in a professional manner, and within the scheduled time.
Make the first step to the growth of your company. Our experts will guide you in the entire private limited company registration process, from complex documentation, name approval to legal formalities and final incorporation. With our guidance and support in every step, reasonable prices, quick and smooth processing. We handle everything so you can easily start your business without any confusion or delays.
Just concentrate on the creation and growth of your business, while we help during the registration journey to make it more simple, quick, and hassle-free.
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