What is Private Limited Company?

Private Limited Company is simple form of business in India and most popular form of startup. Any two legal persons can incorporate/register Private Limited Company as per the Companies Act, 2013 and rules made there under.

Advantages of Registering Private Limited Company:

  1. Limited Liability: The liability of the Shareholders is to the extent of their share capital.
  2. Separate Legal Entity: It has a separate legal entity and the Shareholders are liable only to the extent of their capital.
  3. Perpetual Existence: The existence of Company does not depend upon the directors or shareholders of the Company.
  4. Foreign Investment: Foreign investments are allowed under Automatic/Approval route of RBI.
  5. No Minimum Capital: No minimum capital has been prescribed for registration of Private Limited Company. As per business requirements it can be decided. The Stamp Duty, Incorporation fees depends upon the amount of Authorised Capital of the Company.
Requirements

Basic Requirements for Private Limited Company Registration:

  1. Minimum two (2) Shareholders.
  2. Minimum two (2) Directors. Out of which one director should be resident of India
  3. Digital Signature Certificate(DSC) for all the Promoters.
  4. Directors and Shareholders may or may not be same person.
  5. Proposed name of the Company which should be unique, contain an activity word that reflects its objects and it should be in in line with the name guidelines provided by the Ministry of Corporate Affairs.
  6. Proposed objects of the company i.e. proposed business activities which company is planning do in the business.
  7. Proposed Registered office address of the Company for receiving and acknowledging all communication address to it.
  8. No objection Certificate from the owner of premises where registered office of the company shall be situated

SPICe+ (New Web Form for Company Incorporation):

Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations

What is SPICe+?

SPICe+ stands for Simplified Proforma for Incorporating Company electronically Plus. SPICe+ aims to offer about 10 services by three Central Government Ministries and Departments (Ministry of Corporate Affairs, Ministry of Labour and the Department of Revenue in the Ministry of Finance) and one State Government (Maharashtra). The form is an integrated web form with a single-window for multiple services

Services Offered By SPICe+

The new integrated web form offers the following services:

Part A –: Name Reservation (New Companies only)
Part B:

  • Company Incorporation
  • Application for DIN
  • PAN Application
  • TAN Application
  • GSTIN Application
  • EPFO Registration
  • ESIC Registration
  • Opening of Bank Account for the Company
  • Profession Tax Registration (only for Maharashtra)
STEPS

Steps involved in the registration of Private Limited Company:

  • Order Form: Fill up details for Private Limited Company registration and Complete our Order form.
  • Obtain DSC: Apply for Digital Signature Certificates for all Promoters/Directors of the Company.
  • Web Form SPICe+: Apply for registration of private limited company under integrated form for incorporation with one name in through  SPICe+ along with AGILE-PRO, SPICe+AoA and SPICe+MoA with MCA.
  • Issuance of Certificate of Incorporation: Once the integrated web form for Incorporation have been filed, Company get incorporated within 3-4 working days and Certificate of Incorporation will be issued.
  • PAN & TAN: Upon the filing of the Company Registration under integrated Spice e-Form with MCA, PAN & TAN of the Company will be allotted along with Certificate of Incorporation. No Separate Filing will be required for allotment of PAN & TAN
Documents

Documents Required for Private Limited Company Registration

The proposed directors/promoters should provide the following documents for obtaining digital signature certificate(DSC) and Company Registration.

Category

Document Required

Identity Proof

Permanent Account Number (PAN) Card (Mandatory for Indian National)

Additional Identity Proof

(Any one of Document)

 

a)      Voters Identity Card

b)     Passport

c)      Driving License

Address Proof

(Any one of Document/Not older than 2 Months)

 

a)      Bank Statement

b)     Electricity Bill

c)      Mobile Bill

d)      Telephone Bill

Registered office Address Proof

Any one of Document/Not older than 2 Months)

Electricity Bill/Mobile Bill/Telephone Bill/Gas Bill

Passport Size Photographs of Directors & Promoters