Private Limited Company Registration in India

Private Limited Company Registration in India – Starting a business comes with a responsibility to fulfill tons of obligations and requirements. Getting your company or business registered is a crucial step to safeguard the legal identity of your business. If you are new to the business, managing your way through the Private Limited Company Registration Process in India could be very confusing and overwhelming. Prakasha & Co. with its years of expertise in business consultancy and helping various clients get legal registrations in different areas has compiled this informative guide for you. 

The blog covers the various aspects of the Private Limited Company Registration Process in India and gives an insightful overview of the entire process. Registering your company gives your business legal protection from any business debts or legal issues. It also helps you gain credibility in the market and ensure long-term relationships with customers, suppliers, or investors. There are several benefits you can enjoy by registering your company in India and giving a credible name in the market. 

You can easily connect with the legal experts at Prakasha & Co. to simplify the Private Limited Company Registration Process in India for you. Give us a call at +91 7019827351 or email your business queries at Prakashaandco@gmail.com 

Key Features of a Private Limited Company

A private limited company is a privately owned entity with limited liability and is one of the most favorable business structures. Any private limited company enjoys a legal separation from its owners and necessitates a minimum of two members and two directors for its operation. The popularity of private limited companies can be attributed to the various advantages offered such as limited liability protection, ease of formation and maintenance, and its status as a distinct legal entity.  The prime features of private limited company registration that make it highly favorable are elaborated below: 

• A private company requires a minimum of two directors and at least one of them should have Indian citizenship.
• Privately held companies are not allowed to invite the public to subscribe to their shares or debentures.
• The name of the private company should end with Pvt Ltd. 
• Going for registration makes your company a separate legal identity that can sign contracts, own property, and initiate or defend legal actions. 
• A private company should have at least two shareholders and cannot exceed 200 shareholders. 
• The company must maintain a minimum paid-up capital starting from Rs: Two Thousand or a higher amount as specified.

Requirements for Private Limited Company Registration 

To successfully register your company under a private limited label you need to fulfill minimum basic requirements. These requirements are important to make your business eligible for gaining the private limited registration tag. The legal experts at Prakasha ensure that you fulfill the basic requirements to smoothly apply for the registration. 

Company Name: Before initiating the Private Limited Company Registration Process in India, you need to get a name for your company that reflects its core principles. 

Directors and Members: For successful private limited registration, a business should have a minimum of two directors and 200 members as per the Companies Act of 2013. The directors should also have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA). 

Address of the Registered Office: Another, key requirement for private limited registration is the permanent address of its registered office that needs to be submitted to the company registrar.

Step-by-Step Process for Private Limited Company Registration in India 

The Private Limited Company Registration Process can be confusing for new entrepreneurs and businessmen. Our legal experts have broken down the entire process in a few easy steps given below. Reading these steps will give you an overview of the process and also help learn the details of the process. These steps are given in the right sequence from the beginning till the end. 

Step 1: Obtain a Digital Signature Certificate (DSC)

Step 2: Apply for Director Identification Number (DIN)

Step 3: Complete the Name Reservation for the Company (SPICe+ Part A)

Step 4: Submit all the details of the company 

Step 5: Prepare and Submit the Incorporation Forms (SPICe+ MOA and AOA)

On successful registration, MCA will also issue the Certificate of Incorporation (COI) with the Company Identification Number (CIN), PAN, and TAN. 

Documentation Required for Private Limited Company Registration in India

The experts at Prakasha & Co. are well-versed in the entire process and offer assistance throughout the process.  For a successful registration, it is important to submit a list of documents needed for the legal verification of the process. These documents are crucial for verifying the identity of owners and getting registered proof of the existence of the business or company. The private company registration consultants at Prakasha are ready to assist you with the document submission. 

• Identity Proof (for each director and shareholder)
• Address Proof (for each director and shareholder) with Aadhaar Card, Voter ID, Driving License, Utility Bills (Electricity Bill, Water Bill, etc.) not older than 2 months, and Bank Statement or Bank Passbook (latest).
• Passport-sized photographs of each director and shareholder.
• Digital Signature Certificate (DSC)
• Rent Agreement/Lease Deed
• Proof of Address

Hire the Best Private Limited Company Registration Consultants in India 

Prakasha & Co. is a team of Company Secretaries, CA, GST experts, and legal experts striving to offer personalized business consultancy in India. Besides, the Private Limited Company Registration our services also include company setup, registration, accounting, audit, tax advisory, GST, trademark, and legal services. We offer our services over 20+ locations in India to all the budding and reputed businesses. With our extensive in the industry, we guide our clients throughout the registration process and simplify it for them. 

Choosing Prakasha & Co. is an ideal choice to simplify the Private Limited Company Registration Process in India. Our experts offer personalized assistance to all businesses and help in the timely submission of documents and other aspects. The key benefits of connecting with the legal experts at Prakasha & Co. are elaborated below: 

• Positive feedback from the clients 
• Transparent pricing system and no hidden cost 
• 99% of services are delivered within the timeline
• Extensive experience in the business consultancy 
• Compliance with all the rules and regulations 
• 24/7 customer support 

Reach the Private Limited Company Registration Consultants

Name: Prakasha & Co Address: 188/1, Sahakarnagar, Bangalore-92 

Phone: +91-7019 827 351 

Email: Prakashaandco@gmail.com

Frequently Asked Questions (FAQs) 

Here are the most Frequently Asked Questions (FAQs) new businessmen or entrepreneurs may have for private company registration in India. Read through these frequently asked questions and get clear answers to your queries.

What is the need for private company registration in India?

The private company registration gives a legal identity to the business and offers other benefits. By registering your business you can enjoy tax benefits, gain credibility and trust, and gain ease of funding in growing the business.

What are the minimum requirements for registering your private company in India?

There are various requirements for applying for private company registration in India. The prior knowledge of these requirements helps you stay prepared and complete the registration on time. The requirements for registration are briefed below:

• At least 2 directors (maximum 15).
• At least 2 shareholders (maximum 200).
• A registered office address in India.
• A minimum paid-up capital (no specific limit mandated currently).

Can a single person register a Private Limited Company?

No, a Private Limited Company requires at least two shareholders and two directors. However, a Person Company (OPC) can be registered by a single individual.