Private Limited Company India
Private Limited company India registration are a few popular services provided by us at Bharatregister.
Get your private limited company registered quickly and legally.
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There are many advantage to Private Limited Company registration. As this type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders. Bharat Register, your leading legal consultant, offers quick Pvt ltd Company Registration service across India at nominal pricing. Here you will find how you can register your company. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.
Easy Fund Raising
Separate Legal Existence
Owners’ Limited Liability
Management and Ownership Separation
Pan Card
Address Proof
Residential Proof
Registered Office Proof
Private Limited company India registration cannot be done without proper identity and address proof. These documents will be needed for all the directors and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the online company registration process acceptable.
Identity And Address Proof
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned copy of Voter’s ID/Passport/Driver’s License
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized photograph specimen signature (blank document with signature [directors only])
For the foreign nationals, an apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.
Registered Office Proof
For online company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned copy of Notarized rental agreement in English
- Scanned copy of No-objection certificate from the property owner
- Scanned copy of sale deed/property deed in English (in case of owned property)
Note:Â Your registered office need not be a commercial space; it can be your residence too.
Bharat Register can incorporate a company in less than ten days, subject to government processing times and availability of all documents.
- Step 1:Â Dedicated incorporation expert assigned for the engagement
- Step 2:Â Collection of information and documents for company registration from client
- Step 3:Â Application submitted for digital signatures to eMudhra
- Step 4:Â Name approval request submitted to MCA
- Step 5:Â Incorporation documents drafted based on the MCA approved name
- Step 6:Â Signing of incorporation documents by all Directors & Shareholders
- Step 7:Â Submission of incorporation documents to MCA for approval
- Step 8:Â Company incorporated with incorporation certificate & PAN
- Step 9:Â Other process or services begin as per customer requirement
- Pick the best suitable Package
- Spare less than 10 minutes to fill out our online Questionnaire
- Upload required documents
- Make quick payment through our secured gateways
- Assigned Relationship Manager
- Procurement of Digital Signatures (DSC)
- Application for Company Name Registration
- Documents drafting including MOA and AOA
- Application for PAN and TAN
- Drafting of Documents
- Preparation & Filing of Application
- All it takes is 10-12 working days*
A minimum of two and a maximum of fifteen directors are required to establish a Private Limited Company.
A minimum of two and a maximum of fifty to two hundred shareholders are required while incorporating a Private Limited Company in India.
Minimum authorised share capital is Rs. 1,00,000 and there is no upper limit to it.
It is a good choice because:
- Limited liability of members
- Number of people required is low
- Legal Compliance
- Funding requirements can be fulfilled easily
- Even though Private Limited Company can be expensive, but it worth in the long term.
It is a 10 digit alphanumeric number is issued by the Income-tax department which is known as Tax Deduction Account Number or Tax Collection Account Number (TAN). Any person who is responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS) needs to have a TAN.
Every company having a paid-up capital of Rs. 5 crore needs to have a whole time CS official as per the new amendment in the Company Act.
It is a unique number issued to a future or an existing director.
It has to be submitted during company registration.
When a physical stamp is attached to the document, it is denoted that, the stamp duty had been paid for particular document which was effective legally.
Also known as stock certificate.Â
 Serves as a legal proof of ownership of shares/stock that the company indicates to have.Â
Managing Your Business
Private Limited Company
Limited Liability Partnership
One Person Company
Partnership Firm
Proprietorship Firm
Governing Act
Companies Act, 2013
Limited Liability Partnership Act, 2008
Companies Act, 2013
Indian Partnership Act, 1932
No specified Act
Registration Requirement
Registration under Companies Act is mandatory
Registration under LLP Act is mandatory
Registration under Companies Act is mandatory
Optional
There is no registration criteria prescribed. But, registration is recommended
Number of members
2 - 200
2 - Unlimited
Only 1
2 - 50
Only 1
Separate Legal Entity
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
Proprietor and business are considered the same
Liability Protection
Limited up to the total value of shares subscribed
Limited up to the value of shares subscribed
Limited up to the total value of shares subscribed
Partners are jointly and severally liable to pay the debts of the Partnership Firm
Proprietor’s liability is to pay-off all the debts and obligation of the firm
Statutory Audit
Auditor must be appointed within the 30 days of incorporation
Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh
Auditor must be appointed within the 30 days of incorporation
Statutory audit not applicable. Tax audit may be applicable based on turnover
Statutory audit not applicable. Tax audit may be applicable based on turnover
Ownership Transferability
Shares can be transferred with the consent of other Shareholders
Ownership can be changed with consent of other partners
Shares are not transferable easily
Ownership is not transferable easily, clause of partnership deed should be referred
Firm is no different from proprietor and so ownership is not transferable
Uninterrupted Existence
Perpetual existence as the management and owners are different. Ownership is easily transferable
Change in Partners or Designated Partners does not affect the existence of LLP
Perpetual existence. The nominee will take place of member
Change in partner leads to dissolution or formation of another partnership firm
Death or insolvency of proprietor directly affects the firm
Foreign Participation
Foreign national are allowed to invest under the Automatic Route
Foreign nationals are allowed, subject to FDI Guidelines
Member, nominee and director must be an Indian resident
Foreign nationals are not allowed to be a partner
Foreign Nationals cannot commence proprietorship business
Tax Rates
Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable
With tax rate of 30% on business profit, no tax on income distribution to partners
Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable
With tax rate of 30% on business profit, no tax on income distribution to partners
Tax rates of individual applied to Proprietorship Firm
Statutory Compliances
Companies have to meet high compliance requirements
Lesser compliance requirements compared to companies
Separate ITR of partnership is filed, else there is no filing requirement
With tax rate of 30% on business profit, no tax on income distribution to partners
No compliances and no requirement to file a separate ITR
1. Fill Form
2. Call to discuss
3. Get Certificate
