Private Limited Company Registration
Comprehensive (Limited Period Offer)
2 DIN, 2 DSC, MOA, AOA, Name Approval, Government Fees, PAN, TAN, Post Incorporation Support
* Prices are higher for enrollments in Kerala, Madhya Pradesh and Punjab by virtue of higher stamp obligation.
The private restricted organization is the best business sort in India. The entrepreneurs hold all shares of the organization secretly. Shareholders may work the business themselves, or contract executives to deal with the organization for their benefit. Shaping a private constrained organization brings about assurance of individual resources, access to more assets, money related help and more noteworthy tax breaks.
A Private Limited Company is a mix of corporate type of business structure and association. The most appealing element of a Private Limited Company is the Limited Liability of its individuals. It has the adaptability of an association firm and the upsides of a Company, for example, more prominent solidness, better financial soundness, and separate lawful substance. Private Limited Companies are a perfect method for beginning and organizing new businesses with a higher extent of extension when contrasted with organizations as it is anything but difficult to raise capital from monetary establishments because of its higher solidness and unwavering quality.
Advantages
Legal Entity
A company is a legal entity and a juristic person. It has wide legal capacity and can own property.
Easy Funding
Banks and VCs prefer to render large financial assistance to a company.
Dual Relationship
A person can at the same time be a shareholder, director, creditor and employee of the company.
Tax Advantages
A company opens the door to more tax-deductible costs and allowances redeemable against profits.
Limited Liability
The Directors or Shareholders of the company have no personal liabilities.
Business Continuity
Private limited companies enjoy perpetual succession because the company is its own legal entity.
Capacity to sue and be sued
A company in India being an independent legal entity can sue and also be sued in its own name.
Easy Transferability
Shares of a Company are easily and freely transferable.
Private Limited Company Registration Process
It usually takes 15-20 days to incorporate a Private Limited Company through INC 29 ( A single application for Reservation of Name, Incorporation of Company and Allotment of DIN), subject to ROC processing time.DSC Application
1-3 working days
INC-29 Filing
7-9 working days
PAN & TAN Applications
1-3 working days
Comparing Private Limited Company, LLP and OPC
Factors of Comparison
- Minimum Requirement
- Minimum Capital
- Regulator
- Compliance Requirements
- Taxation
- Credibility
- Investor Preference
- Statutory Audit
- Conversion
- Time Taken for Registration
- Procedure
Private Limited Company
- Members – 2 Directors – 2
- No minimum requirement
- Registrar of Companies
- Annual Return Filing Board Meetings & General Meetings
- Taxed at 30%
- High
- High
- Compulsory
- Can be converted into LLP
- 15 – 20 Days
- Obtain DSC (Digital Signature Certificate)
INC-29 Incorporation Filing
PAN, TAN Applications
One Person Company
- Members – 2 Directors – 2Nominee of Sole Member – 1
- No minimum requirement
- Registrar of Companies
- Annual Return Filing No Board Meetings, if only one director No General Meetings
- Taxed at 30%
- Medium
- Low
- Compulsory
- Can be converted before 2 years
- 10 – 15 Days
- Obtain DSC (Digital Signature Certificate)
INC-29 Incorporation Filing
PAN, TAN Applications
Limited Liability Partnership
- Designated Partners – 2
- No minimum requirement
- Registrar of Companies
- Annual Return Filing
- Taxed at 30%
- Medium
- Medium
- If Contribution
- Cannot be directly converted into a Private Limited Company
- 15 – 20 Days
- Obtain DSC (Digital Signature Certificate)
Obtain DPIN (Designated Partner Identification Number)
Name Approval
Filing for Incorporation
File LLP Agreement
PAN TAN Applications