Private Limited Company Registration Services

Start Your Private Limited Company with LPC Consultancy

A Private Limited Company is a highly favored business structure in India, especially among entrepreneurs and startups, due to its flexible nature and limited liability feature. This structure is particularly well-suited for businesses aiming for rapid growth while ensuring that personal assets remain protected from any business-related liabilities. At LPC Consultancy, we specialize in streamlining the process of registering a Private Limited Company, making it straightforward and stress-free so that you can dedicate your energy to achieving your business objectives.

Company Registration Services in India

Private Limited Company registration (PLC registration) is a popular way to start a business in India. It offers benefits like limited liability protection to founders, separate legal existence, better credibility, and ease in raising external funds. Hence, Startups and progressive businesses, with higher risk and growth aspirations, prefer a company structure. It is registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Why Should You Choose LegalWiz.in for registering your company?

Expert Team of Qualified CA, CS, and Lawyers
Dedicated Relationship Manager and On-call Support
The entire New Company Registration Process is Managed Online
Quick Turnaround and Economical Pricing
Thousands of Happy Customers Across All States of India
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HERE'S HOW IT WORKS

1. Fill the Form

Getting started is easy. Just fill out the form above with your basic details, and you’re on your way to registering your company.

2. Call to discuss

Once you’ve submitted the form, our expert will reach out to you for a quick consultation. During this call, we’ll discuss your specific needs, guide you through the legalities, and ensure everything is in place for your company’s smooth incorporation.

3. Get Your Incorporation

With all the legalities handled, you can sit back and relax. We’ll take care of the rest, and before you know it, your Certificate of Incorporation will be in your hands, officially marking the birth of your new company.

Steps to Register Your Private Limited Company

Registering a Pvt Ltd company in India involves a different legal process that can be broken down into the following steps:

Consultation and Documentation: The journey to register your Private Limited Company with LPC Consultancy begins with a thorough consultation with our legal experts. We help you understand the registration process, assist in selecting a unique and compliant company name, and guide you in gathering the necessary documentation, including identity and address proofs for the directors and the registered office.
Digital Signature Certificate (DSC): The next step involves obtaining a Digital Signature Certificate for all directors. This certificate is a secure digital key issued by a certifying authority, which is essential for signing electronic documents during the registration process.
Director Identification Number (DIN): Each director must acquire a Director Identification Number, a unique identifier issued by the Ministry of Corporate Affairs. This is a mandatory requirement for anyone who intends to serve as a director in an Indian company.
Name Approval: With the necessary documents in hand, we proceed to apply for name approval with the Ministry of Corporate Affairs. This involves submitting a list of preferred company names in order of priority. The chosen name must be unique and must not infringe on any existing trademarks or company names.
Incorporation Documents: Following name approval, we prepare the essential incorporation documents, including the Memorandum of Association (MOA) and the Articles of Association (AOA). The MOA outlines the company’s objectives, while the AOA details the rules governing its internal management.
Filing with the Registrar of Companies (ROC): The incorporation documents are then filed with the Registrar of Companies. Our team at LPC Consultancy ensures that all forms and documents are accurately completed and submitted on time, facilitating a smooth registration process.
Certificate of Incorporation: Upon approval by the Registrar of Companies, your company is officially registered, and you will receive a Certificate of Incorporation. This certificate is the legal acknowledgment of your company’s existence as a separate entity.
Post-Incorporation Compliance: After your company is registered, several post-incorporation compliances need to be addressed, such as obtaining a PAN and TAN for the company, opening a business bank account, and registering for GST if required. LPC Consultancy provides guidance through these steps to ensure that your company remains fully compliant with all legal obligations.

Benefits of a Private Limited Company

Limited Liability Protection

A Private Limited Company offers limited liability protection, meaning shareholders are only liable up to the amount of their share capital. This shields personal assets from any financial failures or debts incurred by the company, providing peace of mind to the shareholders.

Ease of Fundraising

The structure of a Private Limited Company simplifies the process of raising funds. It can issue shares and secure investment from various sources such as venture capitalists and angel investors, which is pivotal for business growth and expansion.

Enhanced Credibility

Operating under stricter compliance and regulatory requirements, a Private Limited Company generally enjoys a higher degree of credibility. This trust is crucial in building confidence among clients, suppliers, and potential investors.

Separate Legal Entity

As a separate legal entity, a Private Limited Company can own assets, incur liabilities, and enter into contracts independently of its shareholders. This separation enhances the company's credibility and facilitates easier business transactions.

Perpetual Succession

A Private Limited Company benefits from perpetual succession, meaning the company's existence is not affected by changes in shareholders or management. This ensures business continuity regardless of ownership changes, adding to business stability.

Tax Advantages

Private Limited Companies often benefit from various tax advantages not available to other business types. These can include lower corporate tax rates, eligibility for business deductions, and tax incentives that can significantly reduce the overall tax burden.

MINIMUM REQUIREMENTS FOR PVT. LTD. REGISTRATION

Requirement for a Minimum of 2 Shareholders

Mandatory Residency of at Least 1 Director in India

Necessity of Digital Signature Certificates for 2 Promoters and 1 Witness

Minimum of 2 Directors Required for Incorporation

Recommended Authorized Share Capital of INR 20,000

Possibility for Directors to Simultaneously Be Shareholders

Obligation for All Directors to Obtain a Director Identification Number

Requirement for a Registered Office Address in India

Compulsory Submission of Memorandum of Association and Articles of Association

Documents Checklist

DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY REGISTRATION

PAN and Aadhaar Card

Both PAN and Aadhaar Card are required for all Indian shareholders and directors to verify their identities and addresses.

Photographs

Latest passport-sized photographs of all shareholders and directors are needed for various regulatory filings and identity verifications.

Identity Proof

Each shareholder and director must provide either their Voter ID, Passport, or Driving License to serve as a valid identity proof.

Business Address Proof

Documents such as the latest Utility Bill (Electricity, Telephone, Gas, Water) or Property Tax Bill are necessary for confirming the registered office address. In case the property is rented, a Rent Agreement and a No Objection Certificate (NOC) from the property owner are also required.

Proof of Address

A recent copy of the Telephone Bill, Electricity Bill, or Bank Account Statement must be provided for each shareholder and director to verify their residential addresses.

Specimen Signature

Signed specimen signature cards from all directors are required to facilitate banking transactions and other statutory processes that require authenticated signatures.

WHAT ALL YOU GET

DIN for 2 Directors

MOA + AOA

Customized Incorporation Master File

Bank Account Opening Support

Digital Signature Token for 2 Promoters & 1 witness

Incorporation Certificate

Company PAN Card

PF + ESIC + Professional Tax

Company TAN/TDS

FAQ ON PRIVATE LIMITED COMPANY REGISTRATION

What is the process for appointing a director in a company?

The process involves obtaining a DSC, applying for a DIN, passing a board resolution, and filing Form DIR-12 with the ROC.
What documents are required for appointing a director?

Key documents include the DSC, DIN, identity proof, address proof, consent to act as a director (Form DIR-2), and a declaration of non-disqualification.
What is Form DIR-12?

Form DIR-12 is the form filed with the ROC to notify the appointment of a new director, containing details about the director and their role.
What is a DIN, and why is it required?

A DIN (Director Identification Number) is a unique identification number issued by the MCA to individuals who wish to serve as a director in any company.
Can an individual be a director in more than one company?

Yes, an individual can serve as a director in multiple companies, but there are limits on the number of directorships as per the Companies Act.
What happens if Form DIR-12 is not filed on time?

Failure to file Form DIR-12 within 30 days of the director’s appointment can result in penalties and the appointment being considered invalid.
Who can appoint a director?

Directors can be appointed by the company’s board of directors, shareholders, or a nomination committee, depending on the company’s articles of association.
What is the role of a non-executive director?

A non-executive director contributes to the company’s governance and strategic decision-making but does not participate in day-to-day operations.
How can LPC Consultancy help in appointing a director?

LPC Consultancy handles the entire process, from document collection to filing with the ROC, ensuring a smooth and compliant appointment.
Can a director be appointed without a board meeting?

No, a board meeting must be held, and a resolution must be passed to formally appoint the director.
Can a foreign national be appointed as a director in an Indian company?

Yes, foreign nationals can be appointed as directors in Indian companies, provided they meet the eligibility criteria and have the necessary documentation.
What is the difference between an executive and a non-executive director?

An executive director is involved in the company’s day-to-day management, while a non-executive director focuses on governance and strategy.
Is a Digital Signature Certificate (DSC) mandatory for directors?

Yes, a DSC is required for signing digital forms and documents submitted to the ROC.
What is Form DIR-2?

Form DIR-2 is the written consent from the director, stating their willingness to act as a director in the company.
Can a company appoint more than one director at a time?

Yes, a company can appoint multiple directors in a single board meeting, provided all necessary filings are completed.
What is a nominee director?

A nominee director is appointed to represent the interests of a shareholder, creditor, or financial institution on the company’s board.
Can a director be removed after being appointed?

Yes, a director can be removed through a shareholder resolution or by the board, depending on the company’s articles of association.
What is the tenure of an additional director?

An additional director holds office until the next AGM, after which the shareholders must confirm their appointment.
Is there a minimum age requirement for becoming a director?

Yes, an individual must be at least 18 years old to be eligible for appointment as a director in an Indian company.
What is the maximum number of directorships a person can hold?

An individual can hold a maximum of 20 directorships, with not more than 10 in public companies.
What is the process for resigning as a director?

A director can submit their resignation, and the company must file Form DIR-12 to inform the ROC of the resignation.
Can an LLP appoint a director?

No, LLPs have designated partners instead of directors, but partners can have similar roles in decision-making.
Is it necessary to update statutory registers after appointing a director?

Yes, the statutory registers of directors and key management personnel must be updated after appointing a director.
What is the role of an alternate director?

An alternate director is appointed to temporarily act on behalf of a director who is unable to attend board meetings for an extended period.
What sets a Private Limited Company apart from other business structures in India?

A Private Limited Company offers a balance between flexibility and limited liability, making it ideal for small to medium-sized businesses that wish to grow while minimizing personal financial risk.
Why should I consider registering my business as a Private Limited Company?

Registering as a Private Limited Company provides your business with legal recognition, enhances credibility, and opens up opportunities for investment and growth, while protecting your personal assets.
Can I start a Private Limited Company if I already have another business?

Yes, you can start a Private Limited Company even if you already own another business. However, the new company must operate as a separate legal entity with its own distinct identity.
What is the process for choosing the right business structure before registration?

Choosing the right business structure involves evaluating your business goals, investment plans, risk appetite, and long-term vision. Our experts at LPC Consultancy can help you make an informed decision.
What happens if my chosen company name is already taken?

If your preferred company name is already in use or does not meet the naming guidelines, you will need to submit alternative names. Our team will assist in checking availability and suggesting appropriate names.
How does a Private Limited Company protect my personal assets?

In a Private Limited Company, shareholders' liability is limited to the amount they have invested in shares. This means your personal assets are protected in case the company faces financial difficulties.
Can I run my Private Limited Company from home?

Yes, you can run your Private Limited Company from your home as long as the address is registered with the Ministry of Corporate Affairs as the official registered office of the company.
Is it necessary to have a physical office space to register a Private Limited Company?

While you need a registered office address, it does not have to be a commercial space. It can be a residential address, as long as it is in India and all legal notices can be served there.
How many shareholders are required to form a Private Limited Company?

A Private Limited Company requires a minimum of two shareholders and can have a maximum of 200 shareholders.
What is the role of a Director in a Private Limited Company?

Directors are responsible for managing the day-to-day operations of the company, making strategic decisions, and ensuring compliance with legal and regulatory requirements.
Can I appoint a foreign national as a director in my Private Limited Company?

Yes, foreign nationals can be appointed as directors in a Private Limited Company, provided they obtain a valid Director Identification Number and comply with other legal requirements.
What are the responsibilities of a shareholder in a Private Limited Company?

Shareholders own a portion of the company through their shares and have the right to vote on major decisions, such as the election of directors and changes to the company's structure.
Can I transfer shares in a Private Limited Company?

Yes, shares in a Private Limited Company can be transferred, but the process is more restricted compared to public companies. The transfer usually requires approval from the board of directors.
How does a Private Limited Company handle profits and losses?

Profits earned by the company can be distributed to shareholders as dividends, reinvested in the business, or held in reserves. Losses are borne by the company, and shareholders are not personally liable.
What is the significance of the Memorandum of Association (MOA) and Articles of Association (AOA)?

The MOA outlines the company’s objectives and scope of activities, while the AOA defines the internal rules for managing the company. Together, they form the company's constitution.
How does a Private Limited Company ensure compliance with regulatory authorities?

A Private Limited Company must comply with various regulations, including filing annual returns, maintaining statutory records, and adhering to tax obligations. LPC Consultancy offers ongoing compliance services to help manage these responsibilities.
What are the options for raising capital in a Private Limited Company?

A Private Limited Company can raise capital by issuing shares, obtaining loans, or seeking investments from venture capitalists, angel investors, or private equity firms.
How does a Private Limited Company maintain its perpetual succession?

Perpetual succession means that the company continues to exist even if shareholders or directors change, ensuring continuity of business operations.
What role does the Registrar of Companies (ROC) play in company registration?

The Registrar of Companies is the government authority responsible for registering companies, maintaining records, and ensuring that companies comply with legal requirements.
How do I ensure my Private Limited Company name is unique and compliant with regulations?

Our team at LPC Consultancy will help you conduct a thorough search to ensure your chosen name is unique and compliant with the naming guidelines set by the Ministry of Corporate Affairs.
What are the common challenges faced during the registration of a Private Limited Company?

Common challenges include name availability issues, document verification delays, and compliance with legal formalities. Our experts at LPC Consultancy help you navigate these challenges smoothly.
Can I convert my Private Limited Company into another business structure later?

Yes, a Private Limited Company can be converted into another business structure, such as a public limited company or LLP, by following the legal process. LPC Consultancy can assist with the conversion process.
What are the tax implications for shareholders in a Private Limited Company?

Shareholders in a Private Limited Company may be subject to tax on dividends received. Additionally, the company itself is subject to corporate taxes on its profits.
How does a Private Limited Company ensure confidentiality of its business operations?

While a Private Limited Company must comply with public disclosure requirements, it can maintain confidentiality in certain areas, such as internal management practices and shareholder agreements.
Why should I choose LPC Consultancy to help register my Private Limited Company?

LPC Consultancy offers personalized guidance, transparent pricing, and a commitment to timely and accurate service, ensuring your company registration process is efficient and stress-free.