Pvt Ltd Company Registration in Delhi | GST Registration | GST Returns Filling | Delhi NCR | Mumbai | India, pvt ltd company registration in india, pvt ltd company registration fees, one person company registration, documents required for pvt ltd company, private limited company rules, pvt ltd company registration name availability, free company registration in india, company registration in delhi, online company registration in delhi govt, company registration in delhi ncr, proprietorship company registration in delhi, company registration office in delhi, private limited company registration, company registration process pdf, online company registration in india, new company registration

Private Limited Company

We are the Private Limited Company Registration Consultants providing Pvt Ltd Company Registration/formation/Incorporation services in Delhi, Noida, Gurgaon, Haryana, Mumbai, Hyderabad, Bangalore, Chennai, any part of the India. In the corporate legal world of India, Private Limited Company is popping up as a popular entity.

Private limited company registration in India is incorporate under new startup India program within 7 to 10 days with the help of best professional online. Hire us to get easily register a private limited company at affordable price. Here you will also get assistance for company name availability check, annual return filing and income tax filing.

TaxOnTrack helps in online business and new company registration in India. Get company registration services in Delhi NCR from the most efficient. Requirements that need to be taken care before hiring a CA firm for private company registration in Delhi.

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Procedure

For Company Registration

  • Arrange basic documents of Directors
  • Tax on Track will File SPICe (INC-32) or Incorporation Docs with ROC
  • Tax on Track will apply for DSC (Digital Signature) of Directors
  • Get your Company Incorporation Certificate
  • Tax on Track will Prepare MOA, AOA & other Legal documents

Minimum Requirements

For Company Registration

  • Minimum 2 Shareholders.
  • Minimum 2 Directors.
  • The directors and shareholders can be same person.
  • One of the Directors must be Indian Resident
  • Minimum Authorised Share Capital Rs. 100,000 (INR One Lac).
  • DIN (Director Identification Number) for all Directors

ADVANTAGE OF PRIVATE LIMITED COMPANY

A Company is an artificial person created by law. It is not a human being but it acts through human beings. It is considered as a legal person who can enter into contracts, possess properties in its own name, sue and can be sued by others etc. It is called an artificial person since it is invisible, intangible, existing only in the contemplation of law. It is capable of enjoying rights and being subject to duties.

A private company may be formed for any lawful purpose by two or more persons, by subscribing their names to a memorandum and complying with the requirements of this Act in respect of registration.

The striking benefits of a private limited company are:
Corporate personality

A Company is vested with a corporate personality so it redundant bears its own name, acts under name, has a seal of its own and its assets are separate and distinct from those of its members. It is a different ‘person’ from the members who compose it. Therefore it is capable of owning property, incurring debts, borrowing money, having a bank account, employing people, entering into contracts and suing or being sued in the same manner as an individual.

Company as a person

A Company is an artificial person created by law. It is not a human being but it acts through human beings. It is considered as a legal person which can enter into contracts, possess properties in its own name, sue and can be sued by others etc. It is called an artificial person since it is invisible, intangible, existing only in the contemplation of law. It is capable of enjoying rights and being subject to duties.

Limited Liability

The privilege of limited liability for business debts is one of the principal advantages of doing business under the corporate form of organization. The company, being a separate person, is the owner of its assets and bound by its liabilities. The liability of a member as shareholder extends to the contribution to the capital of the company up to the nominal value of the shares held and not paid by him. Members, even as a whole, are neither the owners of the company’s undertakings, nor liable for its debts.

Perpetual Succession

An incorporated company never dies, except when it is wound up as per law. A company, being a separate legal person is unaffected by death or departure of any member and it remains the same entity, despite total change in the membership. Perpetual succession means that the membership of a company may keep changing from time to time, but that shall not affect its continuity.

Capacity to Sue and Be Sued

A company being a body corporate, can sue and be sued in its own name. To sue, means to institute legal proceedings against (a person) or to bring a suit in a court of law. All legal proceedings against the company are to be instituted in its name. Similarly, the company may bring an action against anyone in its own name.

Over and above the aforementioned benefits, there are also certain exclusive benefits which are only available to a Private Limited Company. Those are mentioned as below:
  • Financial assistance can be given to its employees for purchase of or subscribing to its own shares or shares in its holding company.
  • At the time of annual filing, no need to prepare a report on the Annual General Meeting.
  • At the time of annual filing, no need to prepare a statement indicating the manner in which formal annual evaluation has been made by the Board of its own performance and that of its committees and individual directors.
  • Private company need not have more than two directors.
  • No need to appoint Independent directors on its Board.
  • Retire-by-rotation is not applicable to a private limited company.
  • Restrictive provisions regarding total number of directorships which a person may hold in a public company do not include directorships held in a private company which is neither a holding nor subsidiary company of a public company.
  • The provisions relating to contract of employment with managing or whole-time directors does not apply to a private company
  • Total managerial remuneration payable by a private company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year are having no restrictions.
  • Certain tax planning steps during the year can give you extra monetary benefits like,
  • - Salary to Director can be claimed as “Expenditure” in the hands of company and is exempt in the hands of individual under prescribed limit.

    - A company may pay sitting fee to a director for attending meetings of board or committee thereof. Such sums as may be decided by the BOD thereof which shall not be exceed 1 Lakh per meeting of the board or committee thereof which can be claimed as “Expenditure” in the hands of company and is Exempt in the hands of individual under prescribed limit

    - Deductions of Start-up Expenses (Preliminary Expenses) can be claimed and taxes can be saved

    - Deductions of Rent expense if property/office is on rent can be claimed as “Expenditure” in the hands of company and is exempt in the hands of individual under prescribed limit.

What All You Get

For Company Registration

DIN for 2 Directors
Digital Signature Token for 2 Promoters & 1 witness
Company Name Approval
MOA + AOA
Incorporation Certificate
New Incorporation Kit
Customized Incorporation Master File
Company PAN Card
Company TAN/TDS Number
Bank Account Opening Document Support

FAQ

Q1. What are the minimum requirements to register a Private Limited Company?

Ans: For Private Company registration in India, following requirements must be fulfilled: 1. Minimum 2 directors shall be appointed, out of which one must be a resident of India. 2. Minimum 2 shareholders are required for this registration. Here, an individual may become shareholder and director at the same time. 3. A place of business in India must be provided as a registered office address.

Q2. What is the minimum Capital Requirement?

Ans: During the registration, a minimum of INR 1 Lakh should be provided as an authorized capital. A minimum paid-up capital requirement is eliminated as a part of Government’s initiative to simplify the business registration in India. However, each shareholder must subscribe at least 1 share for the registration to introduce the sufficient amount for running the business.

Q3. How to reserve the name of a company?

Ans: The name of a company should be formulated as mentioned above. The applicants can provide the maximum of 2 names with their preference order under RUN form.

Q4. Who can become a Director of a Private Limited Company?

Ans: Any natural person above the age of 18 years can become the director in the company after procuring Director Identification Number (DIN).

Q5. What is the Director Identification Number (DIN)?

Ans: Director Identification Number is a unique number assigned by the Ministry of Corporate Affairs to Individuals on whose name the application is made, allowing an individual to be a Director in any Company or Designated Partner in an LLP.

Q6. What is a Digital Signature Certificate? Who shall procure it?

Ans: Digital Signature Certificate is provided in the form of a token issued by Certified Authorities. Any form filed for online company registration in India shall be submitted after affixing the DSC of an Applicant. Also

Q7. What is Authorized Capital and Paid-up Capital?

Ans: Authorised capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not exceeding the authorized capital.

Q8. Can a Private Company carry multiple businesses?

Ans: Yes, a Private Company can carry multiple businesses if it is mentioned in the company’s MoA and approved by a registrar. The company can mention more than one business operating within the same field or of the same nature. Activities which are unrelated, such as fashion designing and event management or construction, those cannot be registered under the same company.

Q9. Can I register the company at the residential place?

Ans: Yes, it is possible to register a Private Company at a commercial or residential place by providing the sufficient proof. A registered office is a place where the business receives communication, if any, from the MCA or any concerned authorities. This address is displayed at the portal of Ministry as well.

Q10. Can NRIs / Foreigners hold shares in Private Limited Company?

Ans: Yes, NRIs or foreigners can hold shares subject to FDI guidelines. However, a foreign participation above 50% will place the company under the category of Foreign Company.

Q11. Does anyone has to be physically present for online company registration in India?

Ans: No, none of the promoters are required to be present when opted to register a company online. All the forms are filed on the web portal and are digitally signed. Also, the required documents can be sent through e-mail or uploaded on our portal for filing.

Q12. What are the statutory requirements to be fulfilled once Private Company is registered?

Ans: Once, the company is registered, it should follow below-mentioned requirements on priority:

  • The opening of the company’s current account within 30 days after receiving the PAN card.
  • Appointment of a Statutory Auditor
  • Depositing paid-up capital as mentioned while registration
  • Issue and allotment of shares

Q13. What are the Annual Compliance requirements to be fulfilled by a Private Company?

Ans: During every financial year, the company must hold one Annual General Meeting (AGM) and at least 4 board meetings (one in each quarter). Further, the accounts and financial statements must be audited by an independent auditor. Subsequently, it shall file form AOC – 4 and MGT – 7 as part of Annual Compliance within given time.