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Auriga Accounting has a team of registration experts who can provide complete guidance to register your Apply Private Limited Company.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Registration.
Your Apply Private Limited Company
Auriga Accounting has a team of registration experts who can provide complete guidance to register your Apply Private Limited Company.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Register
Your Apply Private Limited Company
Private Limited Company (Pvt Ltd Co) is the most popular and organized business structure in India. Known for its strong corporate governance, enhanced stakeholder trust, business-friendly government policies, and the protection of limited liability for directors, it has become the first choice for entrepreneurs.
A Private Limited Company receives its approval of incorporation from the Ministry of Corporate Affairs (MCA) after thorough documentation checks, granting it legal recognition worldwide. Any individual, whether Indian or Non-Resident Indian (NRI), can register a Private Limited Company in India, provided they meet certain eligibility criteria. Once registered, a Private Limited Company gains its own distinct identity, signifying a separate legal and independent entity. The company can pursue multiple legal business objectives as outlined in its Memorandum of Association (MOA) and Articles of Association (AOA).
A Private Limited Company is a type of business entity that is privately owned and offers limited liability to its owners. Registering a Private Limited Company has become an ideal choice for businesses looking to safeguard the owner’s personal assets while benefiting from the advantages of a separate legal entity and limited liability. This structure is particularly well-suited for small to medium-sized enterprises (SMEs) that do not require raising capital from the public. Consequently, it is one of the most commonly adopted business forms among SMEs in India.
Protection of Personal Assets: Shareholders’ personal assets are safeguarded from business liabilities, ensuring financial security.
Enhanced Professional Image: Operating as a Private Limited Company boosts business credibility, helping to attract customers, suppliers, and potential investors.
Ease of Raising Capital: While public offering of shares is not permitted, private limited companies can raise funds through private placements, venture capital, and investments from private investors.
Separation of Management and Ownership: The management is distinct from ownership, with shareholders electing directors to oversee the company’s operations on their behalf.
Tax Advantages: Private Limited Companies often benefit from lower corporate tax rates compared to individual income tax rates and may qualify for various tax incentives and deductions.
In India, a Private Limited Company is governed by the Companies Act, 2013, and overseen by the Ministry of Corporate Affairs (MCA). The key eligibility criteria for registering a Private Limited Company are as follows:
Minimum and Maximum Members: The company must have at least 2 members (shareholders) and can have up to 200 members. Additionally, the company must have at least 2 directors, with at least one director being a resident of India (i.e., having stayed in India for at least 182 days in the previous calendar year).
Unique Name: The company name must be unique and not similar to any existing company or trademark. It must include the suffix “Private Limited” at the end.
Registered Office: The company must have a registered office address in India, which serves as the official address for correspondence, notices, and legal communication.
Capital Requirements: There is no minimum paid-up capital mandated, but the authorized capital should be at least INR 1 lakh. The actual capital amount can be decided based on the company’s business requirements.
Passport-size Photograph: Recent passport-sized photograph of the director/shareholder.
Identity Proof: PAN card is mandatory. For foreign nationals, a valid passport is required.
Address Proof: Any one of the following:
Residential Proof: Any one of the following, not older than 2 months:
Contact Details: Valid email ID and mobile number to be used in the incorporation forms. (Please note, marketing communications may be received on these contact details, as the data is publicly available on the MCA portal.)
Nowadays, registering a Private Limited Company in India can be done entirely online, eliminating the need for physical visits to the MCA or any other offices. The steps for registration are as follows:
Step 1: Obtain Digital Signature Certificate (DSC)
All directors must acquire a Digital Signature Certificate (DSC), which is used to sign electronic documents. DSCs can be obtained from certifying authorities such as eMudhra, Sify, etc.
Step 2: Apply for Director Identification Number (DIN)
Next, apply for DIN for all proposed directors. This can be done through the SPICe+ (Simplified Proforma for Incorporating Company Electronically) form.
Step 3: Reserve the Company Name
Submit a name reservation request via the RUN (Reserve Unique Name) service or along with the SPICe+ form. The proposed name must be unique, original, and not similar to existing businesses. It should be trademark-worthy, not infringe on existing trademarks, and comply with MCA naming guidelines.
Step 4: Draft MOA and AOA
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA), which define the company’s objectives, rules, and regulations.
Step 5: File Incorporation Forms
Complete and submit the SPICe+ form (INC-32) along with the MOA (INC-33) and AOA (INC-34) to the Registrar of Companies (ROC). This package also includes applications for PAN and TAN for the company.
Step 6: Pay Registration Fees
Pay the applicable registration fees and stamp duty, which vary depending on the authorized capital and the state of registration.
Step 7: Obtain Certificate of Incorporation
Once all documents are verified and approved, the ROC issues the Certificate of Incorporation. This certificate contains the Company Identification Number (CIN) and confirms that the company is legally registered.
Auriga provide expert services which can get your new business off to a flying start. We are Compliance for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
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