India Biz Guru Business Registration  Payment

Private Limited Company

Bronze

Private Limited Company
5000
3999/-
  • Name Approval
  • Share Certificate
  • 1 DSC
  • PAN
  • TAN

Silver

Private Limited Company
6000
4999/-
  • Name Approval
  • Share Certificate
  • 2 DSC
  • PAN
  • TAN
  • ESIC
  • EPFO
  • GST Registration
  • MSME Registrations

Gold

Private Limited Company
18000
14999/-
  • Name Approval
  • Share Certificate
  • 2 DSC
  • PAN
  • TAN
  • ESIC
  • EPFO
  • GST Registration
  • MSME Registrations
  • DSC -2 Yr
  • Compliance Calendar
  • One Year GST Return
  • One Year Accounting Support
  • DIN KYC

Diamond

Private Limited Company
31000
25999/-
  • Name Approval
  • Share Certificate
  • 2 DSC
  • PAN
  • TAN
  • ESIC
  • EPFO
  • GST Registration
  • MSME Registrations
  • DSC -2 Yr
  • Compliance Calendar
  • One Year GST Return
  • One Year Accounting Support
  • DIN KYC
  • ROC Compliance
  • Filing ITR
  • MIS
  • Dedicated Virtual CFO
  • Business Declaration- INC

What is Private Limited Company?

A Private Limited Company is a type of business structure where the company’s shares are privately held by a few individuals or a group of investors. In this form of business, the liability of each shareholder is limited to the amount of their respective shares. It is one of the most popular business structures due to its distinct advantages.

Types of Private Limited Companies:

  1. Company Limited by Shares: The liability of members is limited to the amount unpaid on their shares.
  2. Company Limited by Guarantee: Members’ liability is limited to the amount they agree to contribute to the assets of the company in case of winding up.

Advantages:

  1. Limited Liability: Shareholders are only liable for the amount invested in the company and are not personally responsible for the company’s debts.
  2. Separate Legal Entity: A private limited company is considered a separate legal entity from its owners, providing a distinct legal status.
  3. Ease of Transferability: Shares of a private limited company can be easily transferred among its members, providing liquidity to the shareholders.
  4. Perpetual Existence: The company continues to exist irrespective of changes in ownership or the death of a shareholder.
  5. Ease of Fundraising: Private limited companies can raise capital by issuing shares, and it’s relatively easier to attract investors.

Disadvantages:

  1. Complex Compliance: Private limited companies are subject to various legal formalities and compliance requirements, leading to administrative complexity.
  2. Restricted Ownership: The number of shareholders in a private limited company is limited, and shares cannot be traded on the stock exchange.
  3. Stringent Regulations: There are stringent regulations and restrictions imposed on private limited companies, increasing the compliance burden.
  4. Higher Cost of Compliance: Maintaining a private limited company involves higher compliance costs compared to other business structures.

Requirements for Registering a Company in India:

  1. Minimum Directors: At least two directors for a private limited company.
  2. Minimum Shareholders: A minimum of two shareholders is required.
  3. Unique Name: The proposed company name must be unique and not similar to existing companies.
  4. Registered Office: A registered office address within India is necessary.
  5. Digital Signature Certificate (DSC): Directors must have a DSC for online filing of documents.

Company Registration Process:

  1. Obtain DSC and DIN: Directors need to obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN).
  2. Name Approval: Apply for the approval of the company’s name through the Ministry of Corporate Affairs (MCA).
  3. Incorporation Application: File the incorporation application along with necessary documents and fees to the Registrar of Companies (RoC).
  4. Certificate of Incorporation: Upon approval, the RoC issues a Certificate of Incorporation.

Document Checklist:

  1. Memorandum of Association (MoA)
  2. Articles of Association (AoA)
  3. Identity and address proof of directors
  4. Address proof for the registered office
  5. Consent and declaration of directors
  6. Affidavits and declarations

Post-Registration Compliance:

  1. PAN and TAN: Obtain Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
  2. Bank Account: Open a bank account in the company’s name.
  3. GST Registration: Register for Goods and Services Tax (GST) if applicable.
  4. Annual Compliance: Comply with annual filing requirements, such as filing financial statements and annual returns.

Register Your Company through Indiabizguru:

Indiabizguru is a business consultancy service that assists with various aspects of company registration. To register your company through Indiabizguru, you would typically engage their services and follow their guidance throughout the registration process. It is advisable to directly contact Indiabizguru for the most accurate and up-to-date information on their specific offerings and procedures.