Private Limited Company Registration Form

A Private limited company is a separate legal entity registered under The Company’s Act. A company is owned by the people called as shareholders of the company and run by the team called as the board of directors. A company’s liability is limited to the assets of the company thereby owners’ assets are protected. A company’s directors can further appoint the key managerial positions to run the operations of the company such as Chief Executive Officer (CEO), Chief Financial Officer (CFO) etc.

Requirement

A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. So basically, if someone wants to start something owned and controlled by a single person, it is not possible under this form of organisation. However, the practical solution to this is you can take either your parent or spouse for the sake of compliance formalities. If you want to withdraw post-tax profits from the company, you will again have to pay dividend distribution tax.

Taxwalla Tip

A practical solution to this is you can take either your parent or spouse for the sake of compliance formalities. If you want to withdraw post-tax profits from the company, you will again have to pay dividend distribution tax.

In Order to register a private limited company in India, you need the below documents

List of Documents (All should be self-attested and latest within 30 days)

  • Company Address Proof (Any one of the follwing)
    1. Electricity bill
    2. Telephone bill
    3. Gas bill
    4. Water bill
    5. Any other utility bills
  • (II) NOC from the owner of the premises
    (Download the format here)
  • If premise is RENTED then in addition to above, registered rent agreement will be needed.
    (Download the format here)
  • Documents for Directors and Shareholders (Same will be used for DIN and DSC)

a. PAN CARD (Mandatory)
b. Identity Proof (Any One)

  1. Passport
  2. Voter ID
  3. Aadhar Card
  4. Driving License

c. Residence Proof (Any One and latest within 30 days)

  1. Electricity bill
  2. Telephone bill
  3. Gas bill
  4. Water bill
  5. Any other utility bills

d. Passport size photograph

Guideline

Please make sure that all the documents are visible and self-attested. All address proof documents should not be older than 30 days.

Pvt. Ltd.
Company
Registration
Process

We at Taxwalla take pride in doing all the hardwork and the running around while you can focus on your business and operations.

01

Reserve the name of your company on MCA portal

We have get your company's distinctive name approved from the authorities.

GET STARTED

02

Acquire Digital Signature for directors

You digital signature will be issued by authorities in a USB token which will be needed to sign all the future forms

GET STARTED

03

Fill the forms of MCA portal

Our team will prepare the registration application forms with all the details and documentations

GET STARTED

04

Get Certificate of Incorporation on email from authority

Finally you will get Registration Certificate for your company

GET STARTED

Benefits of A Private Limited Company

  • The government has reduced the tax rate for a private limited company having a turnover of up to INR 400 crores to 25%, which is the lowest in India.
  • In addition, the biggest advantages for this type of entity are that venture capitalists, investors and Banks prefer a private limited company.
  • A Private limited company gets better credibility in the market and it is a well-known form of business entity.
  • Process and formalities for taking new investors, selling business or exit to existing investors are easy and faster.
  • Employees, vendors, corporate customers, govt agencies feel more comfortable working with private limited companies.

Taxwalla Benefits

Online & Time Saving process

We will share all the neccessary documents through online means and take your signed papers and other documents in scan copies from you.

No need to visit any office

You can provide all the needed documents from the comfort of your home. One dedicated executive will be in touch over the call and emails.

Review by qualified professional to avoid errors

We have a team of qualified professionals who will review all the documents before submitting it to the government department so that we avoid the unwanted queries.

A simple online process that saves your time

We can exchange details & documents through the email, whatsapp or other convenient online modes. No need to download anymore apps.

Taxwalla Process

Fill the Form

Submit your basic details like name, contact number, email address so that someone from our team can get in touch with you.

Speak with our executive and sign papers

One of our executives will be dedicated to your task who will walk you through the complete process and prepare the needed papers.

Our executive file all the necessary forms

Based on the details and inputs received from you, our team will fill the forms & file it to the government department for future processing.

Sit Back and Get your process completed by experts

Once the application is processed by the government department, you will get the Registration Certificate for your company. You are ready to open a bank account in your company's name.

FAQs on company registration

No, you don’t need commercial office space to register your company. You can start with your residential address whether rented or owned. Company’s addressed can be changed at any time and it’s an easy online process. You can even have an additional address for your company.

Once you decide which type of company is best for you then the following is the process for registration

Private limited company or LLP, you need a minimum of 2 people to act as a director/shareholder in the case of Pvt Ltd or 2 Partners in the case of LLP. at least one person must be an Indian resident and should have a Valid Indian ID:

  • Pan Card
  • Valid Address Proof (List Of Documents)

The minimum capital requirement is INR 1,00,000 and it can be contributed by shareholders in their ownership ratio.

The Process of Pvt Ltd OR LLP

You need to provide preferable name options to check and verify the name is not used or registered by any other person.

Both people need to register their details and will receive a Director Identification Number (DIN) from the registrar of companies. DIN is your unique ID number in the registrar of companies directory. This DIN can be used to become a director in other companies as well.

This is a 1-time registration and all further compliances are connected to this Number.

The digital signature is also created and registered to your DIN

This digital signature is used to sign all your documents digitally. Stored in a password protected pen drive for future use.

Digital signature (DSC) is valid for two or three years.

Once the DIN and Digital Signature are ready, the next step is filling for company registration with the DIN and digital signature, Company Name Options, Along with the MOA and AOA (which includes objects and by-laws of your company).

The AOA and MOA are created by the taxwalla team.

After the filling, within approximately 10 to 15 working days a registration certificate of the company is sent to your email address by the registrar of companies along with a company pan card.

The company pan card is individual to the company only

With the registration certificate and company pan card, you are eligible to open a bank account also known as a current account with which you can start taking payments in your company’s name.

After all the registration forms with the ROC, within approximately 10 to 15 working days a registration certificate of the company is sent to your email address by the registrar of companies along with a company pan card.

The company pan card is individual to the company only.

With the registration certificate and company pan card, you are eligible to open a bank account also known as a current account with which you can start taking payments in your company’s name.

Once a company is registered then we need to comply with various Indian laws such as

  • Professional tax
  • TDS (withholding tax)
  • Goods and service tax
  • Annual filing of a company with ROC
  • Income Tax
  • Audit of books of accounts under The Companies Act
  • Provident Fund, ESI, and other laws depending on the nature and size of the company

If you have registered a company then certain compliances are mandatory to be done within due dates. Even if you have not taken any revenue in the company or not started the operations/business, you must file all mandatory forms on time to avoid hefty fees and penalties.

List of Documents (All should be self-attested and latest within 30 days)

A) Company address proof

  • Any one document from the following:
    • Electricity bill
    • Telephone bill
    • Gas bill
    • Water bill
    • Any other utility bills
  • NOC from the owner of the premises (Download the format here)

If the premise is RENTED then in addition to the above, a registered rent agreement will be needed.

B) Documents for Directors and Shareholders (Same will be used for DIN and DSC)

  • PAN (Mandatory)
  • Identity Proof (Any One)
    • Passport
    • Voter ID
    • Aadhar Card
    • Driving License
  • Residence Proof (Any One and latest within 30 days)
    • Electricity bill
    • Telephone bill
    • Bank statement
    • Any other utility bill
  • Passport size photograph

Guideline: Please make sure that all the documents are visible and self-attested. All address proof documents should not be older than 30 days.

Yes, you can change the director of a company by filing the resignation letter from the outgoing director and we need to file the appointment of the new incoming director. If the company has more than two directors, you need not appoint the new director in the place of the resigning director.

Yes, you can anytime change the registered office address of your company by filing the necessary forms.

Yes, As per the provisions of The Companies Act, an LLP can be converted to a private limited company by complying with the relevant provisions.

This can be done through a process of the takeover of a proprietorship firm by way of a business sale agreement between a company and a firm.

Yes, there is no such restriction under the law. However, you must check your employment agreement whether you can take a part-time or full-time engagement.

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