Online Company Registration in India

What is a Private Limited Company?

A Private Limited Company is a type of business entity shared by partners directors and opens to the public. It is known by the company name, number of employees, directors, or shares. A Private Limited Company is identified as a separate legal entity with a PAN card. Setting a company helps entrepreneurs to expand their business when the capital rises and scale seamlessly to any size.

Under Private Limited Company the shares are easily transferable to the other Indian or Foreign legal entity. PVT LTD Company provides limited liability security to the shareholders. In any case of statutory, unfortunate events or legal liabilities, the company's shareholders will not be responsible for it. For statutory liabilities, only the directors will be responsible. A company can raise equity capital by offering the shareholders owning opportunities to the interested entity. Also, entrepreneurs can raise funds from angel investors, venture capital firms, or private equity firms.

How to register a Private Limited Company?

Registering a Private Limited Company is easy if you do it from legaltaxpert. For the registration minimum of two people are required as directors and shareholders. The documents required for the registration are the director’s PAN card, address proof, bank statement, and address proof of the registered office.

How long does it take for the registration of the Private Limited Company?
Average time for registration completion is 10-15 days.
However, it depends on the time taken by the business owners to submit all the documents and the processing time of the Government.

How is the company certification provided?

The Ministry of Corporate Affairs (MCA) provides the company incorporation certificate in the soft copy only. Legaltaxpert helps owners to get their incorporation approval certificate as soon as possible.

Guide for Company Registration

By considering all the required documents and government processing timing, legaltaxpert
can incorporate your company within 10 days of application.

  1. Hiring of the dedicated incorporation expert for the engagement
  2. Company information and documents for the registration from client
  3. Submission of application for digital signatures to Digital Signature Vendor
  4. Submission of name approval request to MCA
  5. After the name approval from MCA, drafting of the incorporation documents will be initiated
  6. Signing of incorporation documents by all directors and shareholders.
  7. Submission of signed incorporation documents for approval
  8. Allotment of incorporation certificate
  9. Starting of company operations

Required documents for the company registration

Documents required to register a company as follows:
  • PAN Card
  • Current address proof must have the name of the directors
  • Residential Proof should be latest with the name of the directors.
  • Registered Office Proof is the address of the registered company
  • The notarized copy of the company name and a copy of the rent paid receipt.
  • NOC from the landlord
  • Proof of evidence for utility services like electricity, telephone, etc.

Company Compliance

All the registered companies in India have to maintain compliance under various rules and regulations. Failure in compliance can lead to heavy penalties or the disqualification of the directors. Legaltaxpert helps you with accounting and statutory compliance maintenance at affordable rates. Check out some important compliances for the registered companies:

1. Statutory Auditor Appointment

The company should hire a Chartered Accountant as an Statutory Auditor within the 30 days of incorporation.

2. Commencement of Business

A business should be operational after the 180 days of incorporation. Commencement Certificate should be obtained from the MCA and the capital mentioned MOA must be deposited in the Bank.

3. Filing Income Tax

All the registered companies in India must file income tax return every financial year in Form ITR-6.

4. Annual Return

Registered companies should file Annual Return in forms AOC-4 and MGT-7.

5. KYC

DIN KYC procedure must be completed every year for the company directors.

Why should I register a company in India?

There are numerous reasons to register a company in India. The primary reasons are – a company is a legal entity and not affected by the demise of any board of directors or member. Few reasons why one should register his/her Private Limited Company in India.

  • Separate Authorized Entity
    A company is a separate legal entity from its shareholders and directors. It is an artificial
    judicial person established under the Companies Act.
  • Perpetual Succession
    It means enduring forever. A registered company is considered to be legally active, until
    or unless it is shut down by the members legally.
  • Limited Liability
    The members' liability with respect to the company's debts are limited.

Reasons to Register a Company in India

Entrepreneurs choose to register a company due to various reasons. Two of the main reasons is that a company is a distinct legal entity having perpetual succession. Hence, a company is not affected by the death, insanity, or insolvency of an individual member. The following are some of the top reasons to register a private limited company in India.

Separate Legal Entity

As per Law, a company is an artificial judicial person established under the Companies Act. A company is a separate legal entity from its Directors and Shareholders.

Perpetual Succession

Perpetual succession means continuing or enduring forever., A company is considered to be legally active until it is wound up by its members through a legal process.

Limited Liability

Limited liability is a legal responsibility towards a limited amount of debts. The liability of the members with reference to company’s debts are limited i.e

Frequently Asked Questions

What is an authorized capital and paid-up capital?

Authorized Capital is the maximum value of equity shares that can be issued by a company. Whereas, paid-up capital is the amount of the share issued by the company to the shareholders. Also, authorized capital can be increased to issue additional shares to the shareholders after incorporation.

What is limited liability protection?

Limited liability is about being legally responsible for a limited amount of debts of a company. The company liability concerning shareholders’ liability is limited.

Can NRI and foreign nationals register a company?

As per the Foreign Direct Investment norms by RBI, NRIs or foreign entities can invest in India. Incorporation rules demand one Indian national to be a part of the company’s boards of directors.

Is an address required in India to start a company?

Yes, every company in India should have a registered office where all official communication will be done. The office can be in any state of India.