Private Limited Company

A Private Limited Company is a privately owned business entity that is not eligible to trade shares on the stock exchange. It is governed by the Ministry of Corporate Affairs (MCA) and comes under the Companies Act 2013. The owners can raise money through equity and various other methods, with discrete rights. Starting a Private Limited Company can be tiring because it becomes an unnecessarily long process, help you achieve your goals effectively Legal24by7 has taken up this role. Take your first step with us. Get started just in a few clicks!. Hassel Free Online Private Limited Company Registration. 

Economy
( ALL INCLUSIVE FEES ) ₹ 7999
  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1
  • Lakh except for the state of Punjab, MP and Kerala.
  • Share Certificate (Soft Copy)
  • Msme Registration
Deluxe
( ALL INCLUSIVE FEES ) ₹8999
  • Name approval in RUN (Reserve Your Unique Name)
  • Name approval in RUN (Reserve Your Unique Name)
  • Commencement of Business
  • Current Bank Account*
  • Issue of PAN & TAN
  • 2 DIN for two directors
  • ESI/PF Registration
  • GST Registration and GST Invoice software
  • Online Payment Gateway
Premium
( ALL INCLUSIVE FEES ) ₹12999
  • Name approval in RUN (Reserve Your Unique Name)
  • Certificate Of Incorporation
  • Commencement of Business
  • Current Bank Account*
  • Issue of PAN & TAN And Documentation Kit
  • 2 DIN for two directors & 2 Shareholders,
  • ESI/Pf Registration and Msme Registration,
  • GST Registration and GST Invoice software
  • Online Payment Gateway

Have queries? Talk to an expert

Overview

Who should start their corporate journey by establishing a Private Limited Company? 
Identifying the type of business, you want to set up is the very first step that will significantly define your journey ahead. Most entrepreneurs start with a Private Limited Company because it fulfills their need for security and privacy for them. There is limited liability of every partner as the name suggests, to float any liability they have an option to sell out their shares. The shares can be divided under a certain boundary, which cannot be crossed in any situation hence giving privacy to the members. 

 

Benefits

1.    Centralized Shares Structure
If you want to keep control of shares to you before it goes to any third party, a Private Limited Company is the best choice for you. According to the Companies Act 2013, if the owner of the shares of a Private Limited Company wants to sell his or her shares, the first offering will be made to the existing shareholders of the company and then to any other third party. 
2.    Easy to raise funding & borrowing 
A Private Limited Company is the first choice of most financial institutions & banks when it comes to lending. With the flexibility in the funding method, Private Limited Company enjoys abundant funding opportunities. You can raise funds through different sources like secured or unsecured debentures & control your financial structure completely. 
3.    Separate Legal Entity
In the eyes of law & third parties, a Private Limited Company is separate from its owner & enjoys an independent existence in the market. The stakeholders are just representatives of the company, they are not the company itself which gives freedom to the owners. 
4.    Limited Liability
Private Limited Company gives the privilege to the owners of not being unlimitedly liable for the company's transactions. The liability of owners is limited to their shares which gives them a sense of security. It also provides them with a limit on their power & responsibility. 
5.    Financial Transparency in your Term
If you have formed a Private Limited Company, things are more liberal for you in regards to the disclosure of financial information, unlike Public Companies. A public company has to disclose all its financial information which is material to its user and the public, thus this information is prone to scrutiny & revelation. 
6.    Effective Management 
When it comes to the management of a Public Company, it is very complex & rigid. A large number of stakeholders make the decision-making procedure unsystematic because coming to a single decision takes time. When we compare it to a Private Limited Company, the decision-making process is a lot easier and faster because of a limited number of decision-makers. 
7.    Fast Online Registration 
Legal24by7 makes your Private Limited Company registration a lot easier & quick. You don’t have to go through a long & struggling legal procedure of understanding, compiling, and conducting the documentation & the registration itself because Legal24by7 takes this role & performs it flawlessly for you. 
8.    Efficient Taxation Policy
Startups & Private Limited Companies enjoy many tax leverages in comparison to other types of companies. Especially if your StartUp is registered under StartUp India you will get 3 years of tax holiday. You have the privilege of covering the loss of initial years through profit after the company starts making it. You will also get the leverage of 25% corporate tax till ₹2 Crore which is not the same for other companies, they are charged 30% for the same. 

 

Documents Required

•    PAN of the company
•    Other Identity Proof like Aadhar Card/ Passport / Driving License / Voter Identity Card 
•    List of directors (Minimum 2 members who are not minors or more) 
•    Board Resolution
•    Identity proof of directors
•    Address proof of directors
•    A minimum Share Capital of Rs 100,000

Additional Documents
•    No-Objection letter by the owner of the address company is using 
•    Supporting documents to be signed by the owner to verify the address like Electricity Bill / Telephone Bill / Gas Bill / Water Bill

 

Process


Legal24by7 will ensure to make your registration process goes smoothly and effectively. With a few quick steps, you will start your success journey, all you have to do is: 
1.    Select Package 
Your journey starts with the package selection. Our team of professionals is here to assist you & solve your doubts accordingly. 
2.    MoA Application
We are here to assist you with your MoA application. We will obtain the digital signatures first & then continue with the link generation for eKYC verification. 
3.    Name Approval
We will assist you with the most exciting step which is naming your dream company & getting it approved by the submission of the RUN form. 
4.    Spice32 Form Submission
You don’t have to worry about the Spice32 form submission with MCA, we are here to assist you in that. 
5.    Company incorporation and PAN & TAN generation 
We are here to assist you with your incorporation certificate and get your PAN & TAN issued by the Ministry of Corporate Affairs. 
6.    GST Registration 
After assisting you with obtaining the required documents we will be helping you with GST registration. 

Why Us?

Legal25by7 is here for you on every step of your Private Limited Company Registration. If you have any doubt about whether to go for any other type of company, we are here to resolve this confusion for you. We will enlighten you about what are the different ways you can set up your dream organizations and what benefits you get from each one of them. Your dream is to start your journey and our aim is to see you do it smoothly. 
For convenient registration of a Private Limited Company, we have a team of highly skilled professionals and a large network of people who can assist you with every service that you will need. We are ready to play the role of facilitator and see you climb the ladder of success; all you need to do is to take the first step and connect with us. 
 

FAQs

With Legal24by7 you can expect your company to get registered in 10-15 working days. We have a team of experts who will ensure that the registration process should go effectively.

Our executives will let you know about the self-attested documents to be submitted after getting informed you can either email us your documents or drop them off physically at our nearest office.

No, your presence is not needed. With Legal24by7 you can register your company online. You don't have to visit any government office & get registered in 10-15 working days without any hassle.

To sign ROC forms & PDFs digital signature is used. It is an encrypted signature saved in a pen drive. It makes the registration process easier.

DIN (Direct Identification Number) is allocated to all the directors of the company. It is in a numerical form and is significantly used on all registration forms.

Legal24by7 ensures you that we will make the registration process smooth & safe for you. Our trusted team of experts are the people you can entrust your documents & the process as well.

According to the companies act 2013, you must have a registered address in any state of India to register your company. This address is also used for receiving all the official documents and notice by MCA, governmental agencies, financial institutions, etc.

A minimum two number of directors is needed for the registration of a Private Limited Company. You can have almost 200 directors in a company, but if you want to be the company's sole owner, you can go for One Person Company.

Yes, NRIs & Foreign Nationals can also become directors in a Private Limited Company in India. The registration process is the same for them but they must have one Indian resident on your board of directors.

A Private Limited Company is a privately owned business entity that is not eligible to trade shares on the stock exchange. The owners can raise money through equity and various other methods, with discrete rights. A Public Limited Company has the right to trade shares on the stock exchange and must trade on at least one. The owners can raise money through public offerings.

• Members: To start a Private Limited Company a minimum number of two & a maximum number of 200 directors are needed according to the companies act 2013. • Perpetual Succession: It means that the life & existence of the company continues forever. It is not dependent on the condition of the directors. It does not affect the director's death, retirement, or bankruptcy. • Index of members: A private company does not have to keep a list of members while a public company needs to maintain one. • Number of Directors: A Private Limited Company can be registered with just two members as directors.

The Glossary

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