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PAN Card
Passport (Foreign Nationals Only)
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INR 2899 All InclusiveINR 4899 41 % Off
MCA Name Approval
INR 6899 All InclusiveINR 7899 13 % Off
Name Approval & Incorporation
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Private Limited Company Registration in India
Setting up a business in India often involves choosing a private limited company as a preferred option. This structure offers shareholders limited liability protection while placing specific ownership constraints. In contrast, in the case of an LLP, partners oversee the management. Private limited company registration allows for a clear distinction between directors and shareholders.
At Soarcio, we offer a cost-effective service to facilitate the seamless private limited company registration in India. We handle all legal formalities, ensuring strict compliance with the Ministry of Corporate Affairs (MCA) regulations.
What is a private limited company?
In India, a private limited company is a privately held entity with limited liability, and it ranks among the nation’s most favored business structures. This popularity is primarily attributed to its numerous advantages, including limited liability protection, ease of formation and maintenance, and its status as a distinct legal entity. A private limited company enjoys legal separation from its owners and necessitates a minimum of two members and two directors for its operation. Here are the key characteristics of a private limited company in India:
In summary, the attributes of a private limited company registration process in India make it a favored choice among entrepreneurs, owing to its advantageous features and relatively straightforward structure.
Types of Private Limited Companies:
Advantages of a Private Limited Company
A Private Limited Company Incorporation is one of India’s most popular business structures. It offers several advantages and some disadvantages, let us explain.
Disadvantages of a Private Limited Company
Requirements for Registering a Company in India:
Directors and Members:
A minimum of two directors and 200 members are required for Private Limited Company Registration in India, as per the Companies Act of 2013.
Directors must have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).
At least one director must be an Indian resident, having spent 182 days in India in the previous calendar year.
Company Name:
When selecting a name for a private limited company registration in India, two factors must be considered:
The name should reflect the principal activity of the business.
Address of the Registered Office:
After the company registration process, the company must provide the permanent address of its registered office to the company registrar. Business operations occur in this office, and all relevant company documentation is maintained.
Company Registration Process
Registering a company in India involves a straightforward four-step company registration process:
Step 1: Acquire a Digital Signature Certificate (DSC)
Every director and shareholder must secure a Digital Signature Certificate (DSC) issued by the Controller of Certification Agencies (CCA). This involves providing essential details such as passport-sized photos, PAN, Aadhaar Card, phone number, and email address. Foreign nationals should also furnish notarized and apostilled documents if applicable.
Step 2: Director Identification Number (DIN)
Obtain a Director Identification Number (DIN) if you intend to be a director in the company. DIN is essential for directors and needs to be provided in the registration form.
Step 3: Name Reservation for the Company (SPICe+ Part A)
Begin by completing the SPICe+ Part A form to secure a unique company name. This entails selecting the company type, class, category, and sub-category, specifying the primary division of industrial activity and offering a comprehensive business description. You’ll need to propose two names for approval.
Step 4: Submission of Company Details (SPICe+ Part B)
Provide comprehensive information concerning capital, registered office address, subscriber and directors’ details, stamp duty, PAN and TAN application, and necessary attachments.
Step 5: Preparation and Submission of Incorporation Forms (SPICe+ MOA and AOA)
Draft the Memorandum of Association (MOA) and Articles of Association (AOA) containing crucial company details. Obtain digital signatures from subscribers and professionals before submitting these documents to the MCA for approval.
Additionally, file the AGILE-PRO-S form to register for GST, EPFO, ESIC, a bank account, and a shop and establishment license (which may be state-dependent).
Certificate of Incorporation
Upon successful document verification, the MCA will issue the Certificate of Incorporation (COI) with the Company Identification Number (CIN), PAN, and TAN.
Document Checklist:
Post-Registration Compliance
Following incorporation, adhering to post-registration company compliances is essential to streamline company operations and define the roles and responsibilities of directors and shareholders.
Register Your Company through Soarcio
Soarcio specializes in Private limited Company Registration services in India, providing comprehensive guidance and support throughout the registration process. Our team of professionals offers expert consultation tailored to your specific requirements and business goals.
Selecting the appropriate name for your company incorporation is critical, and Soarcio’ experts will aid you in choosing a unique and fitting name that aligns with ROC guidelines. We’ll conduct a name availability search and facilitate the reservation of your chosen name, reflecting your business identity.
Compiling the necessary documentation for company registration in India can be overwhelming, but our experts will handle this task efficiently. We will guide you in assembling all required documents, ensuring accuracy and compliance.
To register a private limited company, directors must obtain a Digital Signature Certificate and Director Identification Number (DIN). We will guide this process to ensure you possess the certifications for seamless registration.
By choosing Soarcio for your Company Registration needs, you can be confident that your company registration process will be managed professionally and effectively. We aim to simplify the process, allowing you to concentrate on your business objectives while we address the legal requirements. Embark on your entrepreneurial journey with assurance by registering your company through Soarcio.
RELATED GUIDES
Documents Required For Private Limited Company
Documents Required For Private Limited Company
Documents Required For Private Limited Company
Documents Required for LLP Registration
Documents Required for Proprietorship Registration
Documents Required for Trademark Registration
Documents Required For Private Limited Company
PAN Card
PAN is mandatory for Indian Directors.
Passport (Foreign Nationals Only)
Passport is mandatory for Foreign Directors or Shareholders.
Aadhaar Card
Aadhaar is mandatory for Indian Directors.
Passport Size Photo
Passport size photo of the Directors and Individual Shareholders.
Recent Utility Bill
Business Place
Name Significance Letter
Specimen
Documents Required for LLP Registration
PAN Card
Passport (Foreign Nationals Only)
Voters Identity Card
Ration Card
Driving License
Aadhaar Card
Passport Size Photo
Recent Utility Bill
Business Place
Documents Required for Proprietorship Registration
PAN Card
PAN card of the Proprietor.
Aadhaar Card
Aadhaar card of the Proprietor.
Documents Required for Trademark Registration
Incorporation Certificate
If the trademark is registered under a company or LLP.
Partnership Deed
If the trademark is registered under a partnership firm.
PAN Card
Of the authorised signatory.
Aadhaar Card
Of the authorised signatory.
Form-48 Signed
E-sign by using Aadhar authentication from E-sign Desk.
Logo
Please upload the logo in black and white to ensure all colors of the trademark are covered under the registration.
MSME Certificate
Proprietorship vs Limited Liability Partnership (LLP) vs Company
| Features | Proprietorship | Partnership | LLP | Company |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership |
|
|
For One Person Company
|
|
| Registration Time | 7-9 working days | |||
| Promoter Liability | Unlimited Liability | Limited Liability | ||
| Documentation |
|
|||
| Governance | – | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | |
| Compliance Requirements |
|
Know More | ||
Private Limited Company FAQ's
How much does it cost to register a company?
The cost of registering a company in India varies according to the number of stakeholders and size. The Cost of Incorporation of a private limited Company would vary from Rs.6, 000 – to Rs. 30,000/- depending upon the following:
What are the types of registration?
Company registration is mandatory in India to start any business, so fixing the business structures is crucial. In India, there are seven different types of company registration:
Can NRIs or foreign national or foreign entities register a company in India?
Yes, NRIs, foreign nationals, and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to mandatorily be a part of the company on the Board of Directors.
How do I check the availability of names for my company?
You can use the Soarcio company name availability search tab to search for available names in India. It is important to note that Soarcio would just provide available choices, based on identical names already registered.
Is GST registration mandatory at this stage?
GST registration is mandatory for certain businesses. Companies dealing with e-commerce operations or any other interstate activity and companies with turnover of more than Rs. 40 Lakhs are required to obtain the same. GST registration takes just 3-5 working days with Soarcio.
What are the compliances of a Private Limited Company?
A company is required to maintain certain compliances once it is incorporated. An auditor needs to be appointed within 30 days and income tax filing and annual return filing need to be done every year. Apart from these, mandatory compliances like ‘Commencement of Business’ forms, and DIN eKYC also need to be done.
When is the statutory auditor to be appointed?
The Board of Directors is required to appoint a practicing Chartered Accountant within 30 days of Incorporating a Private Limited Company.
Which Form is to be filed for the ITR filing of Private Limited Company?
The Private Limited Companies that are registered in India have to file the ITR returns each year in Form ITR 6.
Which form is to be filed for filing the annual returns of a Company?
The companies registered in India are required to file the MCA annual return each year informs AOC 4 and MGT 7.
How many members are required to start a Private Limited Company?
Minimum 2 number of members are required to start a Private Limited Company which can be extended to 200 members.
How can ownership be transferred?
The ownership of a Private Limited Company can be transferred by the way of shares.
How are the Companies taxed? What are the tax rates?
Private Limited Companies are taxed at 30% plus the surcharge and cess as applicable.
Who governs and controls the functioning of a Private Limited Company?
The MCA and Companies Act,2013 controls the functioning of a Private Limited Company.
What are the benefits of registering a Private Limited Company?
There are various of registering as a Private Limited Company like Limited Liability, Access to funding, borrowing capacity, greater capacity, easy exit, and scope of multiple opportunities.
What is authorized capital and paid-up capital?
Authorized capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid up capital is the amount of shares issued by the company to shareholders. Authorized capital can be increased any time after incorporation to issue additional shares to the shareholders.
What is limited liability protection?
Limited liability is the status of being legally responsible only for a limited amount of debts of a company. Unlike proprietorships and partnerships, the liability of the shareholders with respect to the company’s liabilities is limited.
How do I open a current account?
Once the company is incorporated, a current account needs to be opened in the name of the company for transactions. Your advisor will guide you through the process of choosing the bank that you want to open the account with and get the documents like certificate of incorporation, Memorandum and Articles of Association, board resolution, copy of PAN allotment letter, and utility bill.
OPC Registration
From ₹ 2899
Proprietorship
From ₹ 2899
Private Limited Company FAQ's
Many small businesses pay lakhs in penalty every year to the Government for late filing various statutory returns. Such penalty or late fee paid is not tax deductible and is a drain on profitability. At Soarcio, our mission is to provide the most affordable services to our customers and help them avoid all late fee.To achieve our mission – we have built enterprise grade technology to help you proactively know the upcoming compliance and avoid penalty.Checkout our compliance services below, talk to an Advisor and stop paying unwanted late fees.
- Manage Compliance for ProprietorshipFrom Rs. 2899
- Manage Compliance for PartnershipFrom Rs. 15899
- Manage Compliance for Limited Liability PartnershipFrom Rs. 15899
- Manage Compliance for Private Limited CompanyFrom Rs. 19899
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
FSSAI Registration
From ₹ 1899
IE Code
From ₹ 2899
Trade License
From ₹ 7899
Professional Tax
From ₹ 7899
Digital Signature
From ₹ 1899
GST Registration
From ₹ 2899
MCA Compliance
Company Compliance
LLP Compliance
Financial Year (FY) 2023-24
Company Compliance
Every registered entity must fulfill its compliance obligations at the end of each financial year. These typically encompass tasks such as auditing financial records, filing income tax returns, and submitting annual forms to the MCA.
| Form | Company Compliance | Due date | Penalty |
|---|---|---|---|
| COB Filing | Commence of Business Certificate | To be filed before 180 days of company Incorporation | Rs.50,000 for non-compliance |
| DIR 3 EKYC | Any director with DIN | On or Before 30th September every year | Deactivation of the DIN A late filing fee of Rs.5,000 Disqualification of the Directors |
| Form ADT 1 | Appointment of auditor | Within 15 days from the date of appointment of the Auditor | Late fees will be applicable, with fees ranging from 2 to 12 times the nominal fee, depending on the number of days of delay. |
| Form AOC 4 | Filing financial statements of the company | 30 days from the conclusion of the AGM | Late fees will be applicable, with fees ranging from 2 to 12 times the nominal fee, depending on the number of days of delay. |
| Form MGT 7 | Annual Returns of the Company | 60 days from the conclusion of the AGM |
In addition to the above filings, depending on the type of entity and business activity more compliance filing maybe applicable. Please check with an Soarcio Advisor to help you with the compliance for your company.
LLP Compliance
All Limited Liability Partnerships (LLP) registered in India are required to file statutory returns with the Ministry of Corporate Affairs (MCA) each year. Soarcio can help you maintain your LLP Compliance at a very affordable price.
| Form | LLP Compliance | Due date | Penalty |
|---|---|---|---|
| DIR 3 KYC | For every designated partners of a limited liability partnership (LLP) with DIN | Before 30th September every year | Deactivation of the DIN A late filing fee of Rs.5,000 Disqualification of the Partners |
| Form 11 | Annual Returns | May 30th every year | Late fees will be applicable, ranging from 1 to 15 times the nominal fee for Small LLPs and 1 to 30 times the nominal fee for other than Small LLPs, depending on the number of days of delay. |
| Form 8 | Statements of Accounts and Solvency | 30th October every year |
Apart from the aforementioned filings, there might be additional compliance filings that could be relevant for LLPs. Please consult with an Soarcio Advisor to assist you with the compliance needs of your LLP.
Financial Year (FY) 2023-24
| Entity | Form | Due date |
|---|---|---|
| Private Limited Company | Annual Return (Form MGT-7) | 60 days from the conclusion of the AGM or 28th November 2024 (Which Ever is Earlier) |
| Financial Statements (Form AOC-4) | 29th October 2024 | |
| DIR-3 KYC | 30th September 2024 | |
| Form DPT-3 | 30th June 2024 | |
| Form ADT-1 | Within 15 days from the date of appointment of the Auditor | |
| ITR 6 (Non audit case) | 31st July 2024 | |
| ITR 6 (Audit Cases) | 31st October 2024 | |
| GSTR 9 | 31st Dec 2024 | |
| Limited Liability Partnership | ITR 5 (Non audit case) | 31st July 2024 |
| ITR Form 5 (Audit case) | 30th September 2024 | |
| Annual return – Form 11 | 30 May 2024 | |
| Financial Statements – Form 8 | 30 October 2024 |
Note : Get in touch with our experts to efficiently handle your compliance filings, whether you are an LLP, a company, partnership firm or a proprietorship. Contact us to ensure your compliance is filed before the due date.
Smarter Banking
Avail a range of banking services through Soarcio.com. Soarcio can help you open a current account, get a payment gateway or avail loans through our Partner Banks.
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What is the registration process of a company?