What is a Private Limited Company?

A private limited company comes under one of the most highly recommended ways to create a business in India since it secures shareholders with limited liability and precise ownership limits.

Private Limited Company Registration becomes the first choice for any startup since it gives the easiest way to raise funds from investors.

Technically, the private limited company is a company that is privately owned and operated by small and medium enterprises. Business liability is limited to their shareholdings, the number of shareholders is limited to 200, and directors, and shareholders of the company can be the same person or different from each other.

It's a type of company incorporation that give firms a legal personality independent from its owners, directors and shareholders. As a result, crucial services such as the capacity to contract in its name and the protection of the owner's personal assets from company obligations are provided.

How do I Register an Online Private Limited Company Registration

Registering a company is easy through E-StartupIndia professionals.

You need to arrange at least two or more people who are eligible to act as directors and shareholders in the company.

Registering a Company is agile, easy, and can be done online with 3 simple steps:

Step 1: Consult our advisors who will guide you through document requirements for company incorporation.

Step 2: We assist you to choose the right company name based on availability.

Step 3: We prepare and file the ROC forms (DIR, MOA, AOA, COB, etc) and register your company under the Ministry of Corporate Affairs (MCA).

Why Choose Private Limited Company Registration?

Online company registration allows many benefits. The legitimacy of your business firm is enhanced by having a registered company. It helps your business in the following ways:

1. Company listing under MCA records

2. Provides protection from personal liability as well as security against other losses & risks

3. Low tax rates as compared to sole proprietorship firm

4. Directors and Shareholders can be separated

5. Attracts more customers

6. Easily obtains bank loans and good investments from trustworthy investors

7. Provides liability insurance to safeguard your company's assets.

8. Greater capital contribution diversity and stability

9. Enhances the ability to become large and expand

Eligibility for Online Company Registration

We must ensure that the qualifying requirements are met, as outlined by the Companies Act of 2013 before proceeding with private limited company registration.

# Minimum Two Directors

A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company's directors must be a resident of India.

If you don't have 2 directors then no worry, you can apply for one person company registration.

# Unique Company Name

Your company's name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks

# Minimum Capital Contribution:

A business does not require any minimum capital. Even you can incorporate a company by Rs.1/- paid up capital. However, a company must be registered with minimum authorized capital of Rs. 1 Lakh.

# Registered Office

The Proposed Company must have an address at any location within the State where you want to do private limited company registration.

The registered office of a company does not have to be a commercial location. Even a rented house might serve as the registered office if the landlord provides a letter of authorization.

Benefits of Private Limited Company Registration

1. There are several reasons to register your business as a private limited company:

2. Banks, venture capitalists, and investors prefer it.

3. Shares are easy to assign and redistribute to other directors/people who have put money into the company.

4. Combines the flexibility of a partnership with the benefits of a public limited company.

5. The company has the least risk of getting dissolved.

Documents required for Private Limited Company Registration

For company registrations, documents requirements are simple and handy. You must have the following documents under MCA:

# Documents of the Company's Director

1. Photo

2. PAN

3. Aadhar

4. Address Proof*

5. Proof of Identity**

# Proof of the Company's Registered Office Address

1. Latest electricity OR any other utility bill in the name of the owner

2. Rent agreement b/w owner & company promoter
OR

3. NOC from Owner (if owner is the company's promoter)

*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).

**For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).

GST Registration after Company Registration

Individuals, companies, and firms can avail of the benefits of input tax credit & other benefits of GST by undergoing the GST Registration process through the GST Registration application.

You can apply for GST registration while incorporating a company on the MCA portal.

To do so, simply give consent for the GST registration application in e-form AGILE (INC-35) on the MCA portal.

Advantages of Private Limited Company

#1. You get better brand recognition and credibility. As a result, customer trust and loyalty is boosted.

#2. You will be able to get various tax benefits including deductions and exemptions provided to private limited companies.

#3. Private Limited Company is a separate entity so it can enter into contracts, sue and be sued in its own name.

#4. Registering a company allows you to have access to various sources of funding. For example, bank loans, venture capital, and angel investors.

#5. An easy exit strategy for shareholders as shares of a Private Limited Company can be easily transferred.
Shareholders of a Private Limited Company are only liable for the amount of money they have invested in the company. Thus, their personal assets are protected in case of a financial loss.

How can we help in Private Limited Company Registration?

We have a leading team of professionals who are capable of delivering a quick Online Company Registration Service in India without any hassles and error free.

Since 2014, Our professionals are doing frequent online company registration on a daily basis and keep them up to date with MCA's new changes in registration procedure. Hence, able to provide you with the best of the MCA functionality.

We will provide you all required documents at the end of delivery of the Private Limited Company Registration services which includes:

1. Directors DIN and DSC in Pendrive

2. Company's MoA & AoA

3. Challan for Registration fees and stamp duty paid at Govt. Office

4. Certificate of Incorporation

5. Company's PAN and TAN

It's not yet over! After this, We will help you to open a current bank account with ICICI Bank and get you free from bank representatives demanding repetitive documents.

And Set you free to launch your dream business.

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Factors To Consider During The Selection Of The Company Name

The name of your company is of the utmost significance. It makes the first impact on the minds of your buyers, suppliers, and stakeholders. So make sure that you adhere to the Private limited company registration name availability criteria.

TIPS for unique Company Name Approval:-

# The name should be Short yet simple.

The name should be short and to the point. Make sure that "people can pronounce it easily" when choosing a name. The first time someone hears the company's name, it must register in their brains.

# The name should be Meaningful.

The name of your company should be associated with your business itself. It should fit with the company's branding.

# The name should be Unique.

The name of your company should not be the same as an existing company or trademark. You can consult our professionals to check if your company name is identical or similar two others. They will further guide you in registering your unique brand name or business logo under Trademark Registration

# Suffix

The name of your company should end with the suffix Private Ltd in a case of a Private limited company and LLP is a matter of a limited liability partnership.

# The name Should not be illegal/offensive.

The name of your company should not be against the law. This indicates that it cannot be abusive or against the customs and beliefs of any religion. When you are working for company registration, you need to make sure that you know all the details about the Private limited company registration.