Register Private Limited Company

The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business

What is a Private Limited Company?

A Private Limited Company offers limited liability and legal protection to its shareholders. A Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.

 

The liability of the members of a Private Limited Company (PLC) is limited to the number of shares held by them. A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. A PLC can be incorporated within 3 working days

 

How to start / form / make a Private Limited Company?

 

Steps to be taken to get a new company incorporated:

  • Selection of a suitable name

  • Application to concerned ROC

  • MOA & AOA

  • Filing of the Forms & Documents

 

Registration of a Pvt Ltd Company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now .

 

Do not miss about filing Form INC 20A once you start your company.

TaxExpressIndia.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Public Limited Company is easy, seamless, cheapest and quickest with TaxExpressIndia.com! Apart from a Public Limited Company, TaxExpressIndia.com also helps entrepreneurs with Private Limited Company Registration, Nidhi Company Registration, Partnership Registration, HUF, LLP Incorporation and One Person Company registration easily.

 

You may get in touch with TaxExpressIndia compliance manager on (+91) 8532 9518 87 or email info.taxexpressindia@gmail.com  for free consultation.

Price and Plan

Price may varies for different states in India
ESSENTIAL
₹ 7999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • 1 Name Approval Application

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation using SPICe+

  • MOA & AOA

  • PAN

  • TAN

  • 2 Share Certificate

ENHANCED
₹ 9999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • 1 Name Approval Application

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation using SPICe+

  • MOA & AOA

  • PAN

  • TAN

  • GST Registration

  • MSME REGISTRATION

ULTIMATE
₹ 25999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • 1 Name Approval Application

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation using SPICe +

  • MOA & AOA

  • PAN

  • TAN

  • SSI/MSME Registration

  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

  • 1st Income Tax filing upto turnover of Rs. 50 Lakhs

  • 1 Year TDS Filing upto 500 entries

  • 2 Share Certificates

  • 25 Copies of MOA

  • 25 Copies Of AOA

  • 10 Copies of Share Certificate

  • Company Seal

  • GST Registration

  • INC 20A Commencement of Business Certificate (form-20a)

  • First Auditor Appointment

  • 1st Annual Filing upto turnover of Rs. 50 Lakhs

  • Form ADT 1 (Auditor Appointment in AGM)

  • Form AOC -4 (Form for filing financial statement and other documents with the Registrar)

  • Form MGT -7 (Form for filing annual return by a company)

Why you should form a Private Limited Company?

GST Registration: Every Private Limited Company is required to get their GST Registration within 30 days of Business Incorporation in India. GST Registration is needed when the turnover is more than INR 40 lakhs or INR 20 lakhs in Special category states or If the business supplies goods intra-state or Provides goods and services online.

 

GST Return: Once a Private Limited Company gets registered under GST, it becomes necessary to file GST returns for Private Limited Company. As filing of GST returns is mandatory for all the registered Taxpayers including companies. GST returns can be filed monthly, quarterly or yearly depending upon the types of GST returns form you are filing.

 

Accounting: Every Pvt Ltd Co. shall maintain proper books of accounts which shall represent an accurate and fair view of the state of affairs of the company. Accounting is necessary for the statutory audit, Annual filing and IT return filing which is mandatory. These books of accounts shall be audited by the auditor appointed by the company.

Statutory Audit: Every Private Limited Company registered under the Companies Act irrespective of its sales turnover or nature of business or capital must have its book of accounts audited each financial year. Thus, the Board of Directors of a Private Limited Company are required by law to appoint an Auditor within 30 days of incorporation and thereafter conduct an audit of its financial statements each financial year.

 

MAT Audit: It is mandatory for the Pvt Ltd Co. to get their accounts audited under MAT i.e. Minimum Alternate Tax. The objective of the introduction of MAT was to bring into the tax net “zero tax companies” which in spite of having earned substantial book profits and having paid handsome dividends, do not pay any tax due to various tax concessions and incentives provided under the Income-tax Law.

 

Income Tax Audit: Every Private Limited Company requires to get the tax audits under section 44AB done. The Tax audit under section 44AB aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements of the Income-Tax Law. The tax audit limit under section 44AB is INR 1 Crores. (5 crores where at least 95 percent turnover is made on digital transactions.)

ROC Annual filing: A Private Limited Company is mandatorily required to file 3 forms every year. Filing has to be done regarding submission of documents of financial statement, i.e. balance sheet, P&L account in form AOC 4 and annual return in form MGT-7. Company report about auditor’s appointment to ROC in Form ADT 1. Know more: ROC annual filing

 

IEC Registration: All the Private Limited Company which are engaged in Import and Export of goods require to register the Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

 

TM Registration: Registering a Private Limited Company with a name does not provide complete protection to the name or brand name. Ultimate protection for a business name is secured only by Trademark Registration of same. By trademark registration, you may get the ownership of your Pvt Ltd Co. name or brand name or logo etc.

Documents Required for Private Limited Company

Quick Checklist

  • Photograph of all the Directors and Shareholders

  • PAN Card of all the Directors and Shareholders

  • ID Proof of all the Directors and Shareholders (Driving License/Passport/Voter ID)

  • Address Proof of all Directors and Shareholders (Latest Bank Statement / Electricity bill / Mobile bill / Telephone bill

  • Electricity Bill or any other utility bill for the address proof of the Registered Office

Specific Requirements

  • A Private Limited Company must have a registered office in India. Documents like bank statement or electricity bill should be recent.

  • A utility bill, rent agreement or sale deed and an  NOC (Non-Objection Certificate) from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well

How to Incorporate Private Limited Company

  1. Obtain DSC

  2. Reserve Your Company Name

  3. Submission of MOA & AOA

  4. Get Incorporation Certificate

  5. Get Company’s PAN & TAN