A private company can be incorporated by following the provisions and regulations stated under the Company's Act 2013. The minimum number of persons required for the incorporation is 3. Whereas the maximum limit of the number of persons is 50. There are many benefits that are achieved by a private limited company. It enjoys a greater stability, legal identity, it is flexible and a greater combination of capital. This is supported with the diversified and different abilities of capital accumulation. The private company can be easily identified by just looking at the name, number of members it incorporates, the managements, directors etc. The number of directors who are to incorporate must be mentioned in Articles of Association. However, the private companies who enjoy its distinguished legal entity and the private companies which are the subsidiary of the other public companies is differentiated in Company's Act.
Write and structure your company's objective, purpose, constitution, vision and mission statement, which will appeal to all stakeholders Help in selecting a very catchy name of your company and do the registration, and complete all the government procedures and compliance Do INC-32 Filing and File for PAN & TAN
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For Private Limited Company Registration
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Pay the Registration Fees
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It usually takes 15-20 days to register 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. Venture-Care makes Private Limited Company Registration easy for you.
Digial Signature for the Proposed Directors.
Director identification Number must be obtained for the Proposed Directors.
Application for Name Approval must be filed with MCA.
If MCA is satisfied with the incorporation application, the Producer Company will be incorporated.
Once incorporated, the Producer Company can commence business and activities.
A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.
"If you are not satisfied for any reason, we will refund your money minus the Government fees.
No questions asked"
14,999
(all inclusive fees)
Our Basic Package includes all the essentials needed to start your Private Limited Company. It includes 2 DSC, 2 DIN, MOA, AOA, Name Approval, PAN, TAN and Government Fees. Talk to our Business Advisors today to know more or get started.
16,999
(all inclusive fees)
Our Standard Package includes all the essentials needed to start your Private Limited Company, 1 year Tally Accounting Software, Share Certificates and Company Folder. Talk to our Business Advisors today to know more or get started.
34,999
(all inclusive fees)
Our Premium Package includes all the essentials needed to start your Private Limited Company, 1 year Tally, Share Certificates, Company Folder and Trademark Registration. Talk to our Business Advisors today to know more or get started.
Rajput Jain & Associates offers the following Cost effective & Easy Company Registration Services packages for its Clients with in schedule days from Anywhere in India:
200+
550+
2009
700+
How many people are required to incorporate a private limited company?
To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company.
What are Features of private limited company?
Tax on Profits
Tax rate is 30% flat. plus, surcharge and education cess extra on company profits
Tax on Dividends
Taxed in the hands of companies @16.225%. No tax in the hands of shareholder.
Profit Distribution
Profits can only be drawn out of company only in the form of dividends.
Ownership
Profits can only be drawn out of company only in the form of dividends.
What are the requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company.
What is the capital required to start a private limited company?
You can start a Private Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorized Capital Fee] during the registration of the Company. There is no requirement to show proof of capital invested during the registration process.
What are Advantage for a Private Limited Company?
Private Investments
Generally, when any business idea clicks, it needs funds to grow, private company is the best option for this.
Creates Trust
Trust is important for any business to grow. Forms other than company are not generally trusted.
Limited Liability
Member’s personal assets are safe. Liability of company is limited to the assets of the same.
Shares Transferability
By following compliances in private limited company a shareholder can easily transfers its shares.
Owning Property
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.
Capacity to sue and be sued
To sue means to institute legal proceedings against or to bring a suit in a court of law. Just as one person can bring a legal action in his/her own name against another in that person's name, a company being an independent legal entity can sue and also be sued in its own name.
Dual Relationship
In the company form of organization it is possible for a company to make a valid and effective contract with any of tis members. Thus, a person can at the same time be a shareholder, creditor, director and also an employee of the company.
High Borrowing Capacity
In compare to other forms, more preference is given to private limited company in giving loan.
Separate Legal Identity
A private limited company is a legal entity and a juristic person established under the Act.
Uninterrupted Existence
A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved.
Is an office required for starting a Private Limited Company?
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
What are process of incorporation for a Private Limited Company?
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
Private Limited Company Registration
Rajput Jain & Associates can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time. Check if the proposed promoters / directors have Director Identification No (DIN) or not.
Obtaining DSC & DIN
Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
Name Approval
A minimum of one and a maximum of six proposed names must be submitted (under INC-1) to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Company Registration
Registration documents can be submitted (Form INC-7, INC-22 DIR-12)to the MCA along with an application for registration. MCA will usually approve the application (under E Forms)for incorporation in 5 to 7 days, subject to their processing time.
Process Involved in Getting Commencement of Business (W.E.F 1st April 2014)
Do I have to be present in person to incorporate a Private Limited Company?
No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.
What are the documents required for registration?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
How long will it take to incorporate a Company?
Rajput Jain & Associates can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
What do I need to incorporate my Company?
To incorporate a Company quickly, make sure the proposed name of the Private Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.
Time taken by Rajput Jain & Associates in Private Limited Company Incorporation?
Normally, it takes 14 - 20 days in company formation, but it totally depends on Ministry of Corporate Affairs (MCA) approvals.
How long is the registration of the Company valid for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
What is a Digital Signature Certificate?
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.
Can other people invest in a Proprietorship?
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
What is authorized capital fee?
Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.
What are the statutory compliances required for a Private Limited Company?
A private limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year.
Can NRIs / Foreign Nationals be a Director in a Private Limited Company?
Yes, a NRI or Foreign National can be a Director in a Private Limited Company after obtaining Director Identification Number. However, atleast one Director on the Board of Directors must be a Resident India.
Can NRIs / Foreigners hold shares of a Private Limited Company?
Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines.
What are FDI Guidelines for Foreigners in a Private Limited Company?
100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in such cases, approval must first be obtained from RBI prior to investment.
What are compliances involved after formation in a Private Limited Company?
Following compliance involved in newly incorporated private limited company:
Comparative feature of different type of business entity; Compare Business Types; Limited Liability Partnership; Private Limited Company; Partnership; Sole Proprietorship
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Private Limited Company Compliance Due Dates in a Year; Roc and Income tax. Company Act Compliance; Company Secretarial Retainership Service; Company secretarial retainership services account ...
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Auditor Appointment for Newly incorporated Private Limited Company; Mandatory Annual Compliance for a Private Limited Company - Financial Year 2020-21,Company Registration; GST Registration; Filing ...
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We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.
