Private Limited Company registration (PLC registration) is a popular way to start a business in India. It offers benefits like limited liability protection to founders, separate legal existence, better credibility, and ease in raising external funds. Hence, Startups and progressive businesses, with higher risk and growth aspirations, prefer a company structure. It is registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013.
Looking to register your Private Limited Company? Look no further! Our expert CS Assisted service offers the lowest cost with no hidden fees and a transparent pricing policy. Get fast turnaround times and hassle-free registration
Advantages of Private Limited Company:
- Limited Liability of Shareholders
- Separate Legal Existence
- Clarity in Management and Ownership
- Ease of Raising Funds
We at Wise Tax Filings make it easy and inexpensive to register your private limited company. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for Private Limited Company Registration:
PAN and Aadhaar Card
Both PAN and Aadhaar Card of all Indian Shareholders and Directors.
Identity Proof
Either Voter ID, Passport, or Driving License of the Shareholders and Directors.
Proof of Address
Copy of the latest Telephone Bill, Electricity Bill, or Bank Account Statement of the Shareholders and Directors
Photographs
Latest passport size photographs of all the Shareholders and Directors
Business Address Proof
Either of the latest Utility Bill (Electricity, Telephone, Gas, Water) or Property Tax Bill of the registered office address. Rent agreement and NOC from the owner in case of rented property
Deciding a Company Name:
Distinct name that is not an already registered company or trademark stands a better chance of name approval from MCA.
Unique Name
The second part of the name should ideally suggest the business activity of the company
Business Activity
The name of the company shall end with Pvt. Ltd. or Private Limited Company
Name Suffix
Company Registration 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the documents and preparation of drafts.
3. You are all set.
It only takes 10-12 working days!
Day 1-2
- Experts review your documents and information
- Apply for Digital Signature Certificate
Day 3-6
- Name availability check on MCA and IP India Portals
- Apply for Company Name Reservation
- MoA and AoA drafting
Day 7-9
- Form filling for Certificate of Incorporation (COI)
- DIN Allotment Application
- PAN and TAN Application
Day 10-12
- Awaiting MCA approval
Frequently Asked Questions:
What is the minimum capital requirement to start a company?
There is no minimum Paid-up capital requirement to start a Private Limited Company. However, per the Companies Act, a company needs to keep a minimum Authorised Capital of ₹1 Lac divided into 10,000 equity shares with a face value of ₹ 10 each. Each shareholder must subscribe to at least 1 share to introduce a sufficient amount for running the business. The paid-up capital needs to be deposited in the Current Account of the company as Share Capital.
What are Authorized Capital and Paid-up Capital?
Authorized capital is the maximum amount of capital that a company can raise by issuing shares at present or in the future. Authorized capital can be increased later as well if the company wishes to raise funds through the issue of fresh equity. Stamp duty for company registration is paid on the authorized capital.
Whereas, the Paid-up Capital refers to the actual amount paid by the shareholders for issuing shares. One can incorporate a company in India by any amount of paid-up capital which can be less or equal to the authorized capital.
What is the Director Identification Number (DIN)?
Director Identification Number (DIN) is a unique number assigned by the Ministry of Corporate Affairs (MCA). It is issued to Individuals who want to elect as directors in a company or a designated partner in an LLP. There is only single DIN issued to an individual. DIN can be surrendered at any time with the help of filing appropriate forms with MCA. All DIN holders need to comply with DIR 3 KYC filing for DIN Activation process every year.
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