Private Limited Company

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Private Limited Company Registration

Company is the most trusted and visible business structure in India. A Private Limited Company in India is registered under the Companies Act 2013 with limited liability.

Company Registration is an online process with Companiesinn. With over 11 years experience in online Company Registration with an affordable rate to startups, we have helped more than 20000 startups across India. Now with the help of our online order processing tool, we make registration of company and anywhere more affordable and accessible to every aspiring entrepreneur at the comfort of your home.

Company Registration is regulated by the Companies Act, 2013, and administered by the Ministry of Corporate Affairs (MCA), Registrar of Companies, and is processed at the Central Registration Centre (CRC).

How to Register a Company in India?

Today, company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and is processed at the Central Registration Centre (CRC).

Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.

Incorporating a company is a systematic process of collection and submission of details required as per the requirements of Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same.

Requirements for Company Registration
There are certain prerequisites to registering a company in . Requirements and process of registration of company depends on the type of These are minimum shareholders and directors, etc for different types of Companies.

Basic requirements for Online Company Registration in India:
1. Shareholders
To register a Private Company, there should be a minimum of two shareholders. The first shareholder(s) should execute the Memorandum and Articles of Association for registering the Company.

2. Directors
A Private Company should have a minimum of two directors Only individuals can be designated as directors of a company. Where a new company is registered by two or more existing companies or LLPs, the promoter company or LLP can nominate individuals as directors of the new company. An individual should hold a valid DIN to become a director of a company.

3. Digital Signature Certificate (DSC)
All filings including are made through the MCA online application system, appended with a valid Digital Signature Certificate (DSC).

4. Company Name
The name structure of a private company is Name (Noun/Coined Word) + Activity Word + Private Limited. For eg. CompaniesInn Solutions Private Limited. Proposed Company Name shall comply with the Company Name Availability Guidelines under Companies Act 2013.

You can check the company name availability and make sure there is no Company or LLP name already registered the same or similar name that you propose.

How to Choose a Company Name?

Selection of a company or LLP is the most unpredictable task in the process of starting a company and LLP. Naming of a Business by a promoter is a logical decision and approval of the name by the office of the Registrar of Companies is a legal decision.

a. Validity of Company Name Approval

Company Name approved will be valid for 20 days from the date of Approval, in case name is being reserved for a new company.

b. Extension of Time Company Name Validity

From January 26, 2020, the Registrar shall extend the period of a name reserved subject to payment of fees provided by Web service SPICe+.

Category

Days of Extension

Fee

5. Share Capital
The term Share Capital in a Company means the amount invested by the owners of the company for running the business.

There is no minimum capital (Authorised or Paid up Capital) requirement for registering a company. However, the registration fee payable to the Registrar of companies depends on the different slabs of Authorised capital of the company.

6. Registered Office Address of Company
Registered Office of Company refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.

7. Commencement of Business by Company
The First Shareholders must bring the subscribed capital to the Company within 180 days of Company Incorporation. The Company can commence the business activities only after filing a declaration to the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him.

Company Registration Office in India
Registration and regulatory administration of limited companies are regulated under the Companies Act, 2013 and is administered by the Office of the Registrar of Companies (ROC), Ministry of Corporate Affairs. The Office of the Registrar of Companies (ROC) is situated at each State.

SPICe+ (SPICe Plus) Company Registration
As a part of Ease of Doing Business(EODB) initiatives by Government of India, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe Form 32 SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account. It will also facilitate allotment of GSTIN wherever so applied for by the Stakeholders.

What you get with Company Registration?
After completion of Company Incorporation, you get the following:

1. Certificate of Incorporation

Certification of Incorporation is the Birth Certificate of Company.

2. MOA & AOA

Memorandum of Association (MOA) & Articles of Association (AOA) are the charter documents of Company.

2. DIN of Directors

Director Identification Number (DIN) will be allocated to all the directors, who does not have an existing DIN.

3. Company PAN Card

Physical PAN Card and TAN allotment letter will be despatched from the Income Tax Department by post to the registered office address with in 15-20 days of Company Incorporation.

It is important to receive the PAN when delivered to the Registered Office address. If it is returned undelivered, there is no option to retrieve it and duplicate PAN card has to be to be applied with separate fee.

An E-PAN Card and TAN allotment letter will also be delivered to the registered e-mail ID from Income Tax Department. The password to open the same will be Date of Registration of Company (DDMMYYY).

6. PF / ESI Registrations

PF / ESI Registration numbers will be allocated to the Company. These registrations are mandatorily processed along with Company Incorporation. However, the Ministry has clarified that new companies incorporated through Spice+ and have obtained EPFO/ESI numbers will have to file statutory returns only when they cross threshold prescribed under the relevant Acts.

7. Bank Account

Under Spice+ incorporation process, the preferred bank is will open a Bank account in the name of the Company and Account Number will be allocated to the Company. However, the bank account will be activated only after completion of KYC process by the Bank.

8. Professional Tax Registrations

In Karnataka and Maharashtra, Professional Tax Registration is also processed along with Spice+ incorporation process. Registration particulars will be mailed to the registered email immediately after incorporation of Company. However, required fee for registrations has to be paid separately to the respective departments by creating online login with the credentials received.

Company Registration Fees in India
Company Registration Fee varies depending on the Authorised Capital of the Company and State in which company is to be registered. Fill the form with place of registration and Check the Company Registration Cost / Package for different State.

FAQs on Private Limited Company Registration

Directors Identification Number (DIN) is an identification number issued by the Ministry of Corporate Affairs, Government of India, to Directors of a company or Designated Partners of an LLP.
 
 
New DIN will be allotted to a Director / Designated Partner while registering a Company or LLP. Also, an Company / LLP can apply for a DIN for a proposed Director / Designated Partner.
 
 
 
Minimum Number of 2 Shareholder and 2 Directors required for registering a Private Limited Company/
 
 
 
Shareholders could be Individuals, Companies or LLPs, but only individuals can become directors of the company.
 
 
 
 
MOA is the charter document of a company. A company is created by registering a memorandum. MOA contains the name of a company, the state in which the registered office of the company is located, objectives, and its authorised capital. The MOA will be subscribed by the initial promoters of the company in their own handwriting. They will also have to write their name, father's name, residential address, occupation and the number of shares they agree to subscribe in the company. The MOA should also bear the signature of the witness who knows the subscribers.
 
 
 
AOA contains rules and regulations for the management of a company's internal affairs and conduct of its business. It defines the relationship of company between its members and directors and relation between members and directors. It also describes powers of directors. Further, the AOA describes the rights and duties of its members as well as the duties and responsibilities of its directors. In case of a private limited company, the AOA will contain the restrictions of transfer of shares, if any. Also, AOA usually contains the names of first directors of a company.

The AOA will be subscribed by the initial promoters of the company in their own handwriting. Promoters will have to write their names, father's name, residential address, and occupation. The AOA should also bear the signature of the witness who knows the subscribers.
 
 
 
A digital signature is a type of asymmetric cryptography used to simulate the security properties of a handwritten signature on paper. Digital signature schemes normally give two algorithms, one for signing that involves the user's secret or private key, and one for verifying signatures that involves the user's public key. Digital signatures have often confused with scanned copies of a physical written signature, which do not have any legal backing for authentication of electronic documents.
 
 
 
 
 
Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company. The company shall affix the name and address of its registered office outside every office or place of business in a prominent position. Also, the name and address of its registered office should be mentioned in its business letters, bills and other official publications.
 
 
 
 
 

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