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Incorporation of Private Limited Company

7450* Basic Package

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Overview

What is a Private Limited Company?

A Private Limited Company is a business entity held by a group of people known as shareholders. Starts with aspirations of growth choose private company as suitable business structure. It is the most popular type of business entity that is registered in India. The private limited company is regulated by company’s act 2013 and governed by MCA (Ministry of Corporate Affairs).

Difference between a Private Limited and a LLP.

Particulars Pvt Ltd Company Limited Liability Partnership
Law Applicable Companies Act, 2013 Limited Liability Partnership Act, 2008
Minimum share capital No requirement for minimum share capital No requirement for minimum share capital
Members required Minimum two, Maximum 200 Minimum two, Maximum No limit
Directors required Minimum two, Maximum 15 Two designated partners, Maximum not applicable
Board meeting Within 120 days of the previous board meeting. Minimum 4 board meetings to be held each year Not necessary
Statutory Audit Mandatory Not compulsory unless partner’s contribution exceeds Rs. 25 lakhs or annual turnover exceeds Rs. 40 lakhs
Annual Filing Annual statement of accounts & Annual return with MCA These are filed in form AOC 4 and MGT 7 Annual accounts and Annual returns to be filed with MCA.. These returns are filed in LLP form 8 and LLP form 11
Compliance High Low
Liability Limited Limited
Transferability of shares Can be transferred easily It can only be restricted by Article of association. Can be transferred by executing agreement before a notary public

Advantages

1. Transferable Business or Ownership :-

A private limited company can easily be transferred to any other legal entity or person in India, in part or in whole, as the ownership of a private limited company is defined by shares and one can easily sell or purchase shares of a private limited company.

2. Limited Liabilities of shareholders :-

A private limited company provides its share holder with limited liability protection which means if any unforeseen event happened then the company will take care of it, there will be no effect on the shareholders of the company.

3. Easy Funding from external sources :-

Raising fund for a private limited company is very easy, the funds can be raised through equity capital from people and entities who are interested in becoming shareholders of the company. Entrepreneurs can raise money from angel investors, venture capital firms, private equity firms and hedge funds.

4. A separate identity from owners :-

A private limited company has its own separate legal entity. A seperate Bank Account and PAN Card and can be declared to have a perpetual existence.

Document Required

1. Documents of individual Shareholders (Directors and/or Nominee) :-

  • A) PASSPORT SIZE PHOTO
  • B) PAN CARD - self-attested photocopy.
  • C) ADHAAR CARD - self-attested photocopy.
  • D) ID PROOF - self-attested photocopy. any one of the following :-
    • Driving License or Voter ID or Passport
  • E) ADDRESS PROOF - self-attested photocopy. any one of the following :-
    • Electricity Bill or Phone/Mobile Bill orBank statement (1st and last page of passbook)

2. Documents required in case if any of the stakeholders is other than an Individual :- 

  • A) PAN CARD of Company - photocopy having round seal and signature of Authorized Person
  • B) Board Resolution / Letter of Consent
  • C) ADDRESS PROOF - photocopy having round seal and signature of Authorized person on any one of the following :-
    • Electricity Bill or Phone / Mobile Bill
  • D) Other Documents depending on case to case.

3. Documents of Registered Office :-

  • A) ADDRESS PROOF OF OFFICE/PLACE OF BUSINESS. Any one of the following :-
    • Electricity Bill or Phone / Mobile Bill
  • B) Other Documents depending on case to case.

Time Lines

  • (20 to 30 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • DSC Application, If Applicable
  • DIN Application, If Applicable
  • Reservation of Company Name
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

7450*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Incorporation Certificate
  • MOA and AOA

Business

9900*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Registration with GST
  • Registration with MSME
  • Share Certificate Hard Copy
  • Incorporation Certificate
  • MOA and AOA

Enterprise

13450*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • Registration with GST
  • Registration with MSME
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Share Certificate Hard Copy
  • Incorporation Certificate
  • Commencement of Business Certificate
  • 3 months GST return filing upto 50 invoice per month
  • 3 months account upto 75 entries per month
  • 10 MOA / AOA
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.
  • 1. Additional authorised capital can be increased any time after paying additional stamp duty and other charges.
  • 2. Stamp duty additional required Rs. 7,500 in case of Madhya Pradesh, Rs. 3,000 in case of Kerala and Rs. 10,000 in case of Punjab state incorporation.
  • 3. Current Account will be choosen as per your preference.

FAQ's

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