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Private Limited Company Registration

Not tomorrow, but today, register your private limited company just with Ritedger specialized professionals, through 100% online process quick and affordable service.

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Overview
Advantages
Required documents
Registration Process
FAQ

Overview of Private Limited Company Registration Online in India

Incorporation of private limited company is Best form of company registrations. We help you register your Pvt Ltd Company Registration. Are you thinking that registering Company Registration is a tough job ? Not atole, Registering a Pvt Ltd company is very easy and Private Limited company registration services are offered by professionals of Ritedger Now. Thousands of Business Owners registered with us till now.

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Company Act, 2013. To register a Pvt Ltd company, a minimum of two shareholders and two directors are required. Registering a Private Limited is very easy with Ritedger – India’s most trusted Company Registration service. It is a registered corporate structure, prerequisites for the incorporation of a private limited company.

A Private Limited Company is a small business which is maintained privately, it is one of the highly recommended businesses in India especially for startups. The private limited company registration in India is governed by The Companies Act 2013.

According to the Companies Act, 2013, a minimum of 2 shareholders is needed to begin a private company, while a maximum of 200 members. In case a private limited company undergoes any financial risk, the personal assets of members or shareholders are not subject to sell, i.e. they ought to have limited liability.

here must be a minimum of 2 directors and a maximum of 15 directors are required for online company registration in India. The suggested director must be 18 or crossed 18 years of age. The proposed director of a private limited company in India can also be a foreign national

No minimum paid-up capital investment is required for the registration of the private limited company. And importantly every private limited company must include “pvt.ltd.” after their company name
A private limited company is a never-ending business as it can hold its existence even after the death or bankruptcy or failure of its Members.

This type of company does not have any relationship with the public are not allowed to ask for any validatory from the public or from any of the public sectors. People are not ennobled to transfer shares in a private limited company, as it protects takeovers of private limited companies from big companies.

Advantages of Private Limited Company Registration in India

Credit Availability

A private limited company can receive funds from the unsecured bond as well as from the stockholders. This type of company is regarded as a corporate entity which draws in various venture capitalists and angel investors that supports and helps the company to raise more funds and to expand their business.

Perform Globally

The private limited companies support Foreign Direct Investment whereas other types of firms need appropriate licensing/Liaising and commendation from the administration for investments from foreign.

Limited Liability

as the private limited company is a separate legal entity, the responsibility of the directors or members of a private limited company is limited to their share only

Separate Legal Entity

A private limited company is considered as a separate legal entity that possesses all the rights to litigate or to be litigated. It acts as an artificial person and can buy any property or assets on its own name.

Perpetual Existence

A private limited company is considered as a lifelong existence which means they cannot be ended or dissolved due to many reasons like death, retirement or insanity of any of their directors/ members/ shareholders.

Ease In Transfer Of Ownership

It is very easy to transfer shares to new members and to issue fresh shares in a private limited company.

Increased Value In Marketplace

A registered private limited company is more trustworthy when compared with non-registered ones. All the information about the registration of private limited companies is completely obtained from the official website of the Ministry of Corporate Affairs. Suppliers, Vendors, and investors trust registered private limited companies over the other business organizations which in turn increases the brand value of the company among the customers and suppliers and other investors

As per Company Act, 2013 any company to be registered in India must meet the below conditions.

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Two Directors

To start a private limited company, at least two directors are required and at most, there can be 15 and importantly at least one of the directors must be a resident of India.

Unique Name

Choose a unique name for your business. The proposed name should not match with any of the companies or trademarks which already exist in India.

Minimum Capital Contribution

No pressure of fund requirements as there is no minimum capital amount needed to start a company. A private limited company should have an authorized share capital of at least Rs. 1 lakh.

Registered Office

Even a rented space or office can be the registered office of a company, there is no need to have a commercial space. All you need is to hold a NoC letter, obtained from the landlord or owner.

Documents Required

  • PAN Card of shareholders and Directors. A valid passport is a must for foreign nationals.
  • Business Address Proofs such as latest Electricity Bill / Telephone Bill of the registered office address
  • Director’s Address Proof of Shareholders and Directors, such as the latest Telephone Bill / Electricity Bill / Bank Account Statement.
  • NOC or No Objection Certificate to be obtained from the owner(s) of registered office
  • Latest Passport size photograph of Shareholders and Directors.
  • Rent Agreement is needed if the registered office is a rented place.
Check out the detailed registration process of a Private Limited Company online

Registration of Private Companies in India will boost the advancement of startups and offer an additional edge over those who have not registered. The Ministry of Corporate Affairs regulates the private company registration procedure with perfectly framed rules and regulations as per the law.

Below is the stepwise procedure to register a private limited company online in India.

Applying for Digital Signature Certificate or DSC.

Applying for the Director Identification Number or DIN

Checking name availability and Applying for the name availability.

Drafting of MoA, AoA & other required documents and Filing of the EMoa and EAOA to register a private limited company

Applying for the PAN and TAN of the registering company

Certificate of incorporation will be granted by RoC with PAN and TAN

Opening a current account on the company name in an authorized bank

Frequently Asked Questions

If all the documents are ready, it will take around 2 weeks or 15 days
It can be divided into four parts: money needed to set up a private limited company, for accounting and auditing and for compliance and miscellaneous expenses. Approximately, a minimum of Rs. 40,000 is needed and a maximum of any extent depending on the business.
The DSC is nothing but a Digital Signature Certificate issued by certifying authorities (TCS and n-Code) using that certificate you can sign electronic documents. As, all the documents need a DSC to start up a Private Limited company in India.
Yes, NRIs or Foreign National can become Directors of a Private Limited Company and they can also be a majority shareholder of the company. But importantly at least one Director on the Board of Directors of the company should be an Indian Resident.
Director Identification Number is a unique number issued by the Ministry of Corporate Affairs to applicants on whose name the application is produced, which permits the individual to be a Director in the Company.
Yes, a Private Company can hold multiple businesses but it should be mentioned in the company’s MoA and should be approved by a registrar
Yes, you can have a registered place of a Private Company at a commercial and also in a residential place by submitting the sufficient proof. A registered office of a company is a place where the business gets all the official communication, like from the MCA or from any concerned authorities and also the address will be displayed at the portal of the Ministry as well
During every financial year, the private limited company must hold one Annual General Meeting (AGM) and about 4 board meetings such as once in every 4 months. Further, financial statements and the accounts of the company must be audited by an independent auditor regularly. Later, it shall file form AOC – 4 and MGT – 7 for Annual Compliance within the given time.
No, a Private Limited Company cannot float equity or shares to the general public.
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