Private Limited Company

Private Limited Company is the most preferred and popular way of starting a business in India. It is well known and famous for its structure, as it very easy to setup and very well recognized in India.

eStartIndia will help you to register a Private Limited Company at Just Rs. 7,999/-( All Inclusive)

What is Private Limited Company?

Private Limited Company is one of the most preferred legal entities for registration in India being governed by Ministry of Corporate Affairs (MCA), incorporated under Companies Act, 2013. The company requires a minimum of two directors and two shareholders for registration with a maximum capping of 15 directors and 200 members. The director and shareholder both can be a natural person, while a corporate legal entity can only be a shareholder.  The reason for popularity of a Private Limited Company in foreign promoters is the fact that as per FDI provisions of Indian Government, NRIs, foreign nationals as well as foreign corporate entities can be shareholders and/or directors of such a company. The key features of a Private Limited Company include limited liability, perpetual existence, separate legal identity, ownership of property and ability to raise the equity funds.

 

eStartIndia is the best online legal services platform for  services relating to Private Limited Company registration in India, offering a variety of company registration services like Private Limited Company registration, One Person Company (OPC) registration, LLP registration, Public Limited Company registration, Nidhi Company registration, Section 8 Company registration, Producer Company registration,  Indian Subsidiary registration and FSSAI registration.

eStartIndia will help you to register a Private Limited Company from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a free Consultation for Company registration with Our Top Rated Experts with simple registration. Click here

Benefits/Advantages/Reason

  • Separate Legal Entity -- A Private Limited Company is an entity with a distinct identity from its shareholders and a separate juristic person as per Companies Act 2013. This provides the company with many rights such as opening a bank account under its name, obtain licenses, hire employees, and enter into contracts and so on. A member (Shareholders/Directors) of a company has no personal liability to the creditors of a company for company’s debts

 

  • Limited Liability of directors-- A Private Limited Company offers safety to the personal assets of directors in the form of limited liability in the event of liquidation. In the scenario where a company is unable to repay its debts, the personal assets of the directors are safe and the directors are only liable for the initial amount invested in the business.
  • Perpetual Existence -- A Private Limited Company continues to exist till it is legally dissolved by its directors. Death or departure of its directors for any reason has no effect on the company’s existence and the company continues to exit even when there is change in ownership.

 

  • Easy share allocation and redirection - The ownership of a Private Limited Company can be easily transferred by the method of transferring shares. The process is as simple as signing and filing a share transfer form along with individual share certificates subject to approval of other shareholders.

 

 

  • Ease of raising funds -- Financial institutions such as banks prefer to give loans to a Private Limited company in comparison to LLPs or other proprietary concerns. Other modes of raising funds by a company are issue of equity shares, preference shares, debentures. Apart from this a company can also receive deposits subject to permission from RBI.

 

  • Property Ownership -- Since a Private Limited Company is a juristic person; it can own and sell property under its name. As long as the company is a running concern, the property owned under the company name cannot be claimed by any of the directors.

Document Required

 I

 Identity Proof:

  • Indian National
    • Self attested copy of PAN Card (Mandatory) or
    • Aadhaar Card
    • Voter ID; or
    • Driving license
    • Passport
  • Foreign Nationals
    • Notarized and/or apostilled passport copy for Foreign Nationals

 

 Address Proof:

  • Self-attested copy of Telephone/Mobile or Electricity bill; or
  • Bank Account Statement (Less than 2 months old)

Company Address Proof:

  • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND
  • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business;
  • In case of self-owned premises registered title document

 

  • Passport size photographs

Minimum Requirement

  • A minimum of 2 directors
  • A minimum of 2 shareholders
  • A minimum of 1 director to be Indian Resident
  • Shareholder and director can be the same person
  • DSC (Digital Signature Certificate) for 1 witness and 2 promoters
  • DIN (Director Identification Number) for ALL company directors
  • Minimum authorized share capital of 1,00,000 (One Lakh Rupees)

Process of Registration

eStartIndia will help you to register a Private Limited Company from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Step1 Step2 Step3 Step4 Step5

Obtain DSC & DIN -- eStartIndia will apply for Digital Signature (DSC) and Director Identification Number (DIN) (about 1 – 2 working days)

Name Approval -- eStartIndia will apply for company name approval (about 2 – 3 days)

MoA and AoASubmission -- eStartIndia will prepare MoA and AoA(about 5 – 7 days)

Certificate of Incorporation, PAN, TAN, Bank Account -- eStartIndia will file SPICeform for obtaining Certificate of Incorporation (CoI), PAN, TAN & Bank Account (about 10 – 12 days)

Congratulations! Your company registration is done.

Package includes With Pricing


Basic

Rs. 3200/-

All Inclusive fees

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We make simple, quick and easy to Start a business .

Premium

Rs. 15000/-

All Inclusive fees

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Standarad

Rs. 8000/-

All Inclusive fees

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FAQs


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We value your time When we deal with legal matters. Just tell us a few details about your business and submit the documents and we will begin the process with said time period.

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We are experienced team of 150+ experts. Our team of experienced experts are a phone call away. Should you have any queries about the process. But we will try to ensure that your doubts are cleared before they even arise.

 

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