Private Limited Company

The fastest and most reliable way to incorporate a company in India is through a Private Limited Company. Entrepreneurs often choose this format for its benefits like limited liability and separate legal identity for shareholders and directors. Over 90% of incorporated companies in India fall under this category. It's a preferred structure due to the credibility and recognition it provides in the marketplace. Learn about the process, fees, and criteria for registering your Private Limited Company with easypaytax.

Pvt. Ltd. Company - Incorporation Certificate [Sample]

What is a Private Limited Company?

A Private Limited Company is a corporate structure owned by a small group of individuals. It is registered under the Ministry of Corporate Affairs and limits liability for shareholders while restricting public trading of shares. The company must have a minimum of two and a maximum of 200 members. Shareholders are the owners, and directors manage operations. Unlike an LLP, where partners are both owners and managers, a Pvt Ltd Company offers tax advantages, funding opportunities, and better brand credibility making it ideal for business expansion.

Benefits of Private Limited Company Registration

1. Improves Credibility:

Establishing a Pvt Ltd Company enhances trust and legitimacy.

2. Attract Funding:

Raise capital through a mix of equity and debt channels.

3. Foreign Investment:

Eligible to receive FDI under the automatic route.

4. Separate legal Entity:

Owners are protected from personal liability due to legal separation.

5. Easy Exit Plan:

Shareholders can exit through equity dilution or sale.

6. Limited Liability:

Protects personal assets from company liabilities.

7. Easy Transferability:

Shares can be transferred easily to new or existing shareholders.

Minimum requirements of Pvt Ltd Company registration

As per the Companies Act, 2013, these are the minimum requirements for online company registration:

At least 2 directors
A unique business name
One director must be a resident of India
A registered office address

Pvt Ltd(Private Limited) Company Registration Process in Delhi

Apply for DSC

Step 1: Apply for a Digital Signature Certificate

Start by applying for a Digital Signature Certificate (DSC) for all proposed directors. The DSC acts as a secure digital ID to sign online documents during registration through easypaytax.

Unique Name reservation

Step 2: Reserve a unique Business Name

Reserve a unique company name that complies with Rule 8 of the Companies Incorporation Rules. Use easypaytax’s name search tool to ensure your chosen name is available and compliant.

Filling of SPICe Form ( INC-32)

Step 3: Filling of SPICe Form ( INC-32)

Once the name is approved, complete the SPICe+ (INC-32) form on the MCA portal. Fill in:

Company and member details
DIN, PAN, and TAN applications
Declarations by directors and a professional certification

Filing of MoA and AoA

Step 4: Filing of MoA and AoA

MoA (INC-33) and AoA (INC-34) define the company’s objectives and internal management structure. These forms must be submitted online.

Issuance of Certificate of Incorporation

Step 5: Issuance of PAN, TAN, and Certificate of Incorporation

Once all documents are approved by MCA, you’ll receive the Certificate of Incorporation, PAN, and TAN from the government.

Documents Required for registration of Private Limited Company

In order to register your private limited company in India, you need to provide proper identity and address proof. These documents are required for directors and shareholders of the company which will be submitted to the Ministry of Corporate Affairs (MCA) portal.

Identity and Address Proof of Directors & Shareholders

Passport size photographs of the directors
Copy of Aadhar Card
Copy of Driving License or Voter ID
Copy of PAN Card
Copy of bank statement or utility bill (not older than two months)
Copy of Passport (in case of foreign national or NRI)

Address Proof of Registered Office

Copy of electricity or any other utility bill (not older than two months)
Rent agreement (if rented)
No Objection Certificate (NOC) from the owner of the property

Note: It is not mandatory to own a commercial business premise for incorporation. One can use their home address proof for registration of the company.

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