Process of Registration by Taxhub
Upload the basic Documents
Choose your Requisite plan and pay the Fees
Taxhub apply for DSC and file RUN for name approval
Taxhub file Requisite Form with MOA and AOA
Get your Company Docket
Minimum Statutory Requirements
- For Incorporation of the Private Limited Company minimum two directors are required and from that two at least one should be Indian Resident.
- Private Limited Company must have minimum two shareholders and that shareholder can be an Individual, Body Corporate or a combination of both.
What is Private Limited Company?
A Private Limited Company is formed lawfully with Limited Liability or Legal Protection for its shareholders but that places restrictions on its ownership.
A Private Limited Company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.
Section 2(68) of Companies Act, 2013 defines private companies.
According to that, private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them. This is the basic criterion that differentiates private companies from public companies.
Private Limited Company Registration Process in India
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.
Now you can Incorporate a Private Limited Company, with a single application for Name Reservation, Incorporation, DIN Allotment, Mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and Opening of Bank Account.
- Acquire the Digital Signature Certificate.
- Application for DIN of Directors.
- Application for approval of Private Limited Company Name.
- Application for Incorporation of Private Limited Company through E Form.
- Issue of Certificate of Incorporation.
Basic Documents Required
- Copy of Pan Card of Director (Mandatory)
- Copy of any one i.e Aadhar Card, Voter ID, Passport and Driving License (As Identity Proof)
- Copy of any one i.e. Bank Statement/Electricity/Telephone (As Residence Proof)
- Directors Passport Size Colour Photograph (Scan Copy)
If Property is owned by any Director/Shareholder or his relative
- Copy of Sale Deed of the Property
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the Owner (Taxhub will provide a draft copy)
- Copy of Rent Agreement
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the landlord (Taxhub will provide a draft copy)
6,999/-
All Inclusive Fees
| One DSC, One DIN |
| Authorized Capital of ₹100,000/- |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
19,999/-
All Inclusive Fees
| One DSC, One DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
29,999/-
All Inclusive Fees
| One DSC, One DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
| One Year GST Return Filing (GSTR 1 & GSTR 3B) |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
Benefits of Private Limited Company Registration in India
It is very easy to incorporate private limited company in India. As the concept of ‘zero fees’ for Private Limited Companies has now been introduced by the Government. The incorporation procedure has also been made easy by the Government.
No minimum capital is required to form a Private Limited Company. A Private Limited Company can be registered with a mere sum of Rs. 10,000 as total Authorized Share capital.
Perpetual Succession means the company shall continue to exist even if the member dies or ceases, etc. Changes within the management does not bring any affect onto the identity of the company, the Company will remain the same with same privileges, immunities, estates and possessions. A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally windup.
Private Limited Company gives the advantage of limited liability to entrepreneurs whereby the liability of the member will be limited to the unpaid subscription money. In other words, the liability of the members of a company is limited only to the extent of the face value of shares taken up by them. Therefore, where a company is limited by shares, the liability of the members on a winding-up is limited to the amount unpaid on their shares.
Shares of a company limited by shares are transferable by a shareholder at any other person. The transfer is easy as compared to the transfer of an interest in a business run as a proprietary concern or a partnership. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships. The particulars of the company are available on a public database. Which improves the credibility of the company as it makes it easy to authenticate the details.
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
