Private Limited Company Registration

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How to Start a Private Limited Company Registration

Pvt. Ltd. Company Registration

Private Limited Company, the most popular legal frame for businesses, should be chosen by anyone planning to raise funds and with a long-term business view. A Pvt. Ltd company can be incorporated with a minimum of 2 directors (DIN) and a maximum of 200 directors (DIN) and has a minimum of two stockholders and a maximum of 200 stockholders. Owners of the company have limited liability to creditors. In case of a default, banks/creditors can sell only company property but not the personal assets of directors.

IT companies and startups usually prefer Pvt. Ltd. Company because it is easy to pick up funds from business capitalists. Also, funds can be raised through a safe contract. The tax rate for the Private Limited Company is also less compared to Other Company. Private Limited Company Registration Online in India can be done through Filing Buzz in all major cities including Delhi, Lucknow, Bangalore, Mumbai, Pune, etc.

FilingBuzz is Indias leading platform for legal services and we make the process of Private Limited Company Registration easy and hassle-free for you. In addition to Private Limited Company, FilingBuzz can also help you with the registration of Sole Proprietorship, Partnership Firm, One Person Company, Limited Liability Partnership (LLP), Section 8 Company, Nidhi Company, and more.

We provide the following services

Two Director Identification Number (DIN)
Two Digital Signature (DSC)
Name Search & Approval
ROC Registration Fees
PAN & TAN
Drafting of MOA & AOA
Company Identification Number (CIN)
MSME Certificate (Optional)
GST Registration Certificate (Optional)

Features of Pvt. Limited Company

Unique and Meaningful Name: The name should not resemble to any of the existing entities and shall not contain any offensive words detrimental to the interest of the society at large. Also, the name should necessarily align with the objects of the company and must contain the word Private Limited;
Minimum Capital: The minimum capital contribution requirement by the promoters in case of a Private Limited Company has been removed and the company can be set-up with any amount of capital. It shall be contributed by all the shareholders in the proportion of the shares held by them.
Minimum Directors and Shareholders: There shall be present at least two Directors and Shareholders for the registration of a Private Limited. Both Directors and Shareholders can be similar person.
Registered Office: There shall be present, at the time of Company registration and at all times thereafter, a registered office address for the communication of the important matters by the authorities or otherwise. The registered office can be an owned property or a rented one.

Reasons to choose a Private Limited Company

Goodwill: As compared to a sole proprietorship or a Partnership firm, the Private Limited holds better goodwill in the system, because of their accountability towards the Ministry. This also helps the promoters to raise funds from Banks and other Financial Institutions.
Better Credibility among customers: Due to their accountability towards the authorities, a Private Limited is more credible among their customers and hence contributes to create a larger customer base.

Limited liability of the Promoters: The liability of the promoters is only limited to the amount of capital contributed by them. It gives greater sense of independence to run the business.

Perpetual Succession: The life of the company is for indefinite period of time and shall not be affected by the life and death of its promoters.
No capital constraint: Being a closely held entity, the anytime business requirement of funds can be satisfied by further capital contribution by the shareholders.

Advantages of Private Limited Company

Easy to take funds from domestic as well as international funds
Limited Liability
Incorporated in 5 working days
Less expensive to incorporate
Minimum 1 lakh Share capital
No unlimited liability for members or directors.
Preferred by Investors

Procedure for Private Limited Company Registration

Digital Signature Certificate (DSC) for the directors.
Name approval by the MCA
Drafting MoA and AoA.
Drafting Spice-Part B
Drafting Agile-Pro
Drafting Spice-9
Grant of Certificate of Incorporation
Apply for PAN & TAN

Documents Required for Pvt. Ltd. Company Registration

Self Attested Pan Card Soft Copy (All Directors)
Self Attested Voter Id Soft Copy (All Directors)
Self Attested Aadhaar Card Soft Copy (All Directors)
Passport Size Photo Graph (All Directors)
Latest Bank Statement (All Directors)
Address Proof Like Electricity bill, Gas Bill, Land line Phone Bill or Postpaid Mobile bill
In case office address is rented then required rent agreement
NOC signed by landlord
All directors Email id and Mobile number
Company name and business details

Timeline for Private Ltd Company Registration

It may take anywhere between 8 to 10 working days for registering a private limited company. This timeline is ahead subject to government processing and approval time.

Why choose FilingBuzz for Company Registration?

Qualified and Experienced professionals with 6 years of average experience.
Admittance to highly qualified professionals (Chartered Accountant, Company Secretary) anytime, anywhere in India.
No hidden fees Fixed price or long-term commitment.
Our money-back guarantee makes sure that you get complete satisfaction, every time you choose our services 100% satisfaction guaranteed.