Register!
Private Limited Company
Simplest and a very popular form of Company Registration in India. Prices Starting from INR 4999/- only.
Government Fees / Cost For Company Incorporation :
ESSENTIAL
₹ 6999/-
(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 & eAOA
e-PAN
e-TAN
2 e-copies of Share Certificates
Bank Account opening (feature) through SPICe Plus
Easy EMI's || Transparent Pricing
ENHANCED
₹ 9999/-
(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 & eAOA
e-PAN
e-TAN
2 e-copies of Share Certificates
Bank Account opening (feature) through SPICe Plus
GST Registration
INC-20A Filing
Appointment of 1st Auditor
Easy EMI's || Transparent Pricing
ULTIMATE
₹ 25399/-
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 & eAOA
e-PAN
e-TAN
2 e-copies of Share Certificates
Bank Account opening (feature) through SPICe Plus
SSI/MSME Registration
Trademark (1 application 1 class) (start ups, proprietorship & small business)
st Income Tax filing upto turnover of Rs. 50 Lakhs
1 Year TDS Filing upto 500 entries
25 Copies of MOA
25 Copies Of AOA
10 Copies of Share Certificate
Company Sea
1st Annual Filing upto turnover of Rs. 50 Lakhs
1 Year TDS Filing upto 500 entries
Form ADT 1 (Auditor Appointment in AGM)
Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
Form MGT -7 (Form for filing annual return by a company)
Easy EMI's || Transparent Pricing
Quick Checklist
Photograph of all the Directors
PAN Card of all the Directors
ID Proof of the Directors (Driving License/Passport/Voter ID)
Electricity Bill or any other utility bill for the address proof of the Registered Office.
Specific Requirements
A Private Limited Company must have a registered office in India. Documents like bank statement or electricity bill should be recent.
A utility bill, rent agreement or sale deed and an NOC (Non-Objection Certificate) from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well.
Now, Let's Discuss Some Of The Benefits In Detail
Limited Liability
The responsibility of the members of a private limited company is restricted to their share only as the private limited company is a separate legal entity.
Separate Legal Entity
A private limited company is a separate legal entity that possesses all the rights to sue or to be sued. It acts as an artificial person who can buy a property in its own name.
Credit Availability
A private limited company can obtain funds from the debentures as well as the stockholders. Registered Private Limited Company is considered a corporate entity that attracts different angel investors and venture capitalists that helps them to expand and raise their funds for the growth of their business and company.
Perform Internationally
The private limited companies support Foreign Direct Investment, in which another type of firm requires appropriate licensing and approval from the administration for foreign investments.
Perpetual Existence
A private company has a lifelong existence. Private limited companies are considered separate legal entities and are separate from the existence of their owners. It means they cannot be dissolved or end because of the death, retirement or insanity of any of their members/directors/shareholders.
Enhanced Value In Marke
A registered private limited company is considered more trustworthy than a nonregistered one. Information regarding the Registration of a private limited company can easily be obtained from the website of the Ministry of Corporate Affairs. Vendors, suppliers and investors trust them over the other business structures. As a result, it enhances the brand value of the company amongst the customers and other investors and suppliers.
Ease In Transfer Of Ownership
It is quite easy to transfer equity to new members and issue fresh shares in a private company.
ENTITY COMPARISON GUIDE
| TYPE | PROPRIETORSHIP | PARTNERSHIP | LLP | PVT | OPC |
|---|---|---|---|---|---|
| Members | Maximum 1 | 2-20 | 2- Unlimited | 2-200 | 1 |
| Legal Status of Entity | Not Considered as separate Legal entity | Not Considered as separate Legal entity | Considered as separate Legal entity | Considered as separate Legal entity | Considered as separate Legal entity |
| Members Liability | Unlimited Liability | Unlimited Liability | Liability of its members is limited | Limited to the extent of share capital | Limited to the extent of share capital |
| Registration | Not Compulsory | Optional / Can be Registered under partnership Act 1932 | Registered Under MCA | Registered Under MCA | Registered Under MCA and Companies Act 2013 |
| Transferability Option | Not Allowed | Not Allowed | Can Be Transferred | Can Be Transferred | Allowed to only one person |
| Taxation | As in Individual | 30% of Company Profit | 30% of Profit Plus CESS and Surcharges applicable | 30% of Profit Plus CESS and Surcharges applicable | 30% of Profit Plus CESS and Surcharges applicable |
| Annual Filings | Income Tax Returns with the Registrar of companies | Income Tax Returns with the Registrar of companies | Filed with the registrar of the company | Filed with the registrar of the company | Filed with the registrar of the company |
Compliance required by a Private Limited Company
GST Registration
Every Private Limited Company is required to get their GST Registration within 30 days of Business Incorporation in India. GST Registration is needed when the turnover is more than INR 40 lakhs or INR 20 lakhs in Special category states or If the business supplies goods intra-state or Provides goods and services online.
GST Return
Once a Private Limited Company gets registered under GST, it becomes necessary to file GST returns for Private Limited Company. As filing of GST returns is mandatory for all the registered Taxpayers including companies. GST returns can be filed monthly, quarterly or yearly depending upon the types of GST returns form you are filing.
Accounting
Every Pvt Ltd Co. shall maintain proper books of accounts which shall represent an accurate and fair view of the state of affairs of the company. Accounting is necessary for the statutory audit, Annual filing and IT return filing which is mandatory. These books of accounts shall be audited by the auditor appointed by the company.
Statutory Audit
Every Private Limited Company registered under the Companies Act irrespective of its sales turnover or nature of business or capital must have its book of accounts audited each financial year. Thus, the Board of Directors of a Private Limited Company are required by law to appoint an Auditor within 30 days of incorporation and thereafter conduct an audit of its financial statements each financial year.
MAT Audit
It is mandatory for the Pvt Ltd Co. to get their accounts audited under MAT i.e. Minimum Alternate Tax. The objective of the introduction of MAT was to bring into the tax net “zero tax companies” which in spite of having earned substantial book profits and having paid handsome dividends, do not pay any tax due to various tax concessions and incentives provided under the Income-tax Law.
Income Tax Audit
Every Private Limited Company requires to get the tax audits under section 44AB done. The Tax audit under section 44AB aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements of the Income-Tax Law. The tax audit limit under section 44AB is INR 1 Crores. (5 crores where at least 95 percent turnover is made on digital transactions.)
ROC Annual filing
A Private Limited Company is mandatorily required to file 3 forms every year. Filing has to be done regarding submission of documents of financial statement, i.e. balance sheet, P&L account in form AOC 4 and annual return in form MGT-7. Company report about auditor’s appointment to ROC in Form ADT 1. Know more: ROC annual filing.
IEC Registration
l the Private Limited Company which are engaged in Import and Export of goods require to register the Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
TM Registration
Registering a Private Limited Company with a name does not provide complete protection to the name or brand name. Ultimate protection for a business name is secured only by Trademark Registration of same. By trademark registration, you may get the ownership of your Pvt Ltd Co. name or brand name or logo etc.
Private Limited Company Registration
A Private Limited Company offers limited liability and legal protection to its shareholders. A Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
The liability of the members of a Private Limited Company (PLC) is limited to the number of shares held by them. A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. A PLC can be incorporated within 15 working days.
How to start / form / make a Private Limited Company?
Steps to be taken to get a new company incorporated:
Selection of a suitable name
MOA & AOA
Filing of the Forms & Documents
Registration of a Pvt Ltd Company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now . .
Do not miss about filing Form INC 20A once you start your company.
Advantage Of Private Limited Company
FAQ Frequently Asked Questions
SPICe is an e-form and SPICe+ is an integrated Web form providing ten services by 3 Central Govt. Ministries & Departments.
Application Number refers to a system-generated number given to an applicant for Name reservation/Company Incorporation.
Yes. However, a fee of INR 1000 becomes payable if applied separately.
Yes. Registration for EPFO and ESIC will be necessary for all new companies incorporated w.e.f 23rd February 2020 and no EPFO & ESIC certification will be separately issued by the respective centres.
Presently ICICI bank has been integrated with SPICe+ for opening a Bank account.
To ensure that the size of the copied PDF document is within the permissible size limits, it is advised that scanning should be done in 'black-white' mode at 200 dpi resolutions.
Use of Debit Cards/ Credit cards and Internet Banking is the most prevalent. It is an entirely secure process.
The process of e-Filing is entirely secure. Online Inspection of documents is allowed strictly by the provisions of the Companies Act, 2013 on payment of a prescribed fee.
Once filed, the e-Form cannot be rectified. You may, however, re-submit the e-Form, if the concerned MCA office has marked the status of your SRN as 'Re-submission'.
A Private Limited Company cannot float shares to the general public.
