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Business Registration - Private Limited Company

PACKAGES

Basic

This package includes:

 2 DSC and 2 DIN.

Name approval

Drafting of MOA and AOA.

GST registration.

PF and ESI enrolment.

PAN and TAN.

Incorporation fee (Authorized capital limit of 15 lakh.) 


Rs. 8899
+18% GST applicable

Standard

This package includes:

2DSC and 2DIN.

Name approval.

Drafting MOA and AOA.

GST registration.

PF and ESI enrolment.

PAN and TAN.

 Incorporation fee (Authorized capital limit of 15 lakh.)

MSME registration

One year support for TDS filings


Rs. 11899
+18% GST applicable

Premium

This package includes:

2DSC and 2DIN

Name approval

Drafting of MOA and AOA.

GST registration

PF and ESI enrolment.

PAN and TAN.

Incorporation fee (Authorized capital limit of 15 lakh.)

MSME registration

One year support for TDS filings 

Trademark filing


Rs. 19899
+18% GST applicable

Private Limited Company

In India, Private Limited Company is the most popular corporate entity amongst large, medium and small businesses due to its numerous benefits. Eazy Startup offers company registration from Rs.8899/-

Private Limited Company is the most popular and widespread type of legal entity in India. In-order to register a private limited company, a minimum of two directors and two shareholders are needed.  A corporate legal entity can only be a shareholder, while a natural person can be both, a shareholder, and a director. The Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014 govern the registration of a Private Limited Company. Unique privileges of a private limited company include the ability to raise equity funds, limited liability protection to shareholders and perpetuity of existence make it most desirable type of business entity for small to medium sizes, professionally managed corporations. Additionally, Foreign Corporate Entities or NRIs and foreign nationals are permitted to be Shareholders and/or Directors of a company with Foreign Direct Investments making it a suitable choice for foreign promoters.

ADVANTAGES

Separate Legal Entity

A Private Limited Company is a legal entity and authorized person established via Companies Act. A such, the company has a scope of legal attributes including hiring of employees, opening a bank account, obtaining licenses, or taking on equity and other privileges as an independent corporate entity. The risk is awarded to the company protecting the members of the company from the company’s liabilities of the creditors of the company.

Uninterrupted Existence

A company being a separate legal person, is unaltered by the departure or demise of any member and it remains to be in existence regardless of any modifications in the ownership. Private Limited Company enjoys ‘perpetual succession’ which means, the existence will not be interrupted until it is legally dissolved.

Easy Transferability

In a company, ownership of the business can be easily transferred by simply transferring shares. The consent of the other shareholders may be required to effect share transfers in a private limited company. The process of filing, signing and transfer of share certificates and share transfer form are adequate to transfer ownership of a company.

Borrowing Capacity

In India, Private Limited Companies can issue debentures, preference shares, equity shares and accept deposits with the permission of RBI. In addition to that, they can also raise equity funds. Banks and Financial institutions prefer to provide funding to a Private limited company as opposed to a partnership or proprietary concern.

Owning Property

Private Limited Company being an artificial person, can own, obtain, enjoy, and separate property in its name. For as long as the company is the ongoing concern, shareholders cannot claim the property of the company. The property owned by a company could be tangible assets like building, land, machinery, factory, residential property and intangible assets like rights, shares, etc.

PROCESS

Obtaining DSC & DIN

The proposed Directors of the Private Limited Company will require Director Identification Number (DIN) and Digital Signature Certificate (DSC). DSC and DIN can be acquired for the proposed directors within 2-3 days.

Name Approval

A minimum of 1 and a maximum of 6 name options may be submitted to the MCA for approval of the name of the Private Limited Company. This can be obtained in 2 to 3 working days, subject to name availability, processing time and other naming guidelines.

Company Registration

In general, MCA will approve application for incorporation in 5-7 days, subject to their processing time. Documents of Registration can be submitted to the MCA along with an application for registration.



FAQ'S

Q: Minimum number of members and Directors to start Private Limited Company

A: Minimum 2 to maximum 200 members and Minimum 2 Directors are required to start a Private Limited company. 

Q: Is there any Minimum Capital requirement

A: There is no minimum capital requirement under Companies Act, 2013. However, the Company may maintain a reasonable amount of capital to meet initial expenses after incorporation. 

Q: Documents required for the registration process

A: Identity and address proof of all the directors and subscribers of MoA and address proof of office where the registered firm is going to operate. 

Q: Is there any mandatory to have a registered office for Private limited company

A: Companies registered in India should have a registered office as the MCA, government agencies and other financial institutions   communicate  for official purposes. Thus, it is mandatory to have a registered office, it can be anywhere in India.

Q: Time perspective involved in the process of registration

A: We at Eazy Start-up will help you to complete the registration process within 10-15 days.

Q: Is GST registration needed to register for a Private limited company 

A:  Yes, it is mandatory for certain companies who are involved in the activities like interstate dealings or ecommerce activities etc., or company whose turnover is more than 40 lakhs.

Q: Can NRI’s or foreigners register and invest in companies in India? Is it mandatory to have a registered office in India?

A: Yes, they can register and invest money in India, with one Indian national as a board of director which is mandatory according to the companies act