Private Limited Company Registration in India, Maharashtra is a process that involves obtaining a unique name for the company, filing the necessary documents with the Ministry of Corporate Affairs (MCA), and paying the required fees. The process can be completed online or through a professional service provider. Once the company is registered, it is considered a separate legal entity from its owners and has limited liability. This means that the owners' personal assets are protected from the company's debts and liabilities.
If you are looking to register a PVT ltd company online in Maharashtra you should know about the benefits, documents, eligibility, basic requirements, types of business entities, business compliance, business registration services, faqs and why Vakilsearch is the best choice to form a company incorporation in Maharashtra.
Private Limited Company Registration in Maharashtra - Overview
A private limited company registration in Maharashtra is most favourable for small, medium and large enterprises. It requires a minimum of 2 and a maximum of 50 members. Vakilsearch can make the process of business registration in Maharashtra smooth and hassle-free.
Mumbai, the capital of the state, serves as the commercial hub of India and has transformed into a global financial centre, hosting numerous international banking and financial services providers. Pune, another significant city in the state, has become a focal point for education. Maharashtra has positioned itself as a crucial centre for industries such as IT & ITeS, electronics, and captive business outsourcing.
Did You Know?
Maharashtra's economy is growing faster than ever! In the financial year 2023-24, the gross state domestic product (GSDP) of Maharashtra was calculated at Rs. 38.79 trillion (equivalent to US$ 473.70 billion) at prevailing market prices.
Benefits of PVT Limited Company Registration in Maharashtra
Growing Economy of Maharashtra
The Economic Survey presented in the Assembly on Wednesday forecasts that the state's economy will experience a growth rate of 6.8% in the fiscal year 2022-2023, slightly below the national average of 7%. Concurrently, it anticipates that the debt burden on the state exchequer will increase to ₹6,49,699 crore by the conclusion of the ongoing fiscal year.
Protect Your Finances
By registering a PVT limited company, limited liability partnership (LLP), or one-person company (OPC), you limit your personal liability for the company's debts. This shields your personal assets from legal disputes or financial challenges.
Create a Legal Entity
Registering as a private limited company, LLP, or OPC establishes a distinct legal identity for your business, separate from its owners. This legal separation allows your company to own property, engage in contracts, take legal action, and continue its existence independently.
Facilitate Funding
Choosing a private limited company, LLP, or OPC status provides access to diverse funding sources like equity, debt, angel investors, venture capitalists, and financial institutions. You can issue shares and debentures, even attracting public capital.
Tax Advantages
Opting for PVT limited company registration in Maharashtra or startup registration in Maharashtra offers various tax benefits and exemptions under the Income Tax Act, of 1961. This includes deductions for business-related expenses, depreciation on assets, and favourable corporate tax rates compared to other business structures.
Documents Required to Register a Private Limited Company Online in Maharashtra
- PAN card of all proposed directors and shareholders
- ID proof of all proposed directors and shareholders (choose one): Aadhaar card, Voter ID, Passport, or driving licence
- Address proof of all proposed directors and shareholders (choose from): bank statements, telephone bills, mobile bills, or electricity bills
- Passport-sized photos of all proposed directors and shareholders
- Rental agreement for a business address in the name of the business
- Latest electricity bill for the business address
- No objection certificate from the owner of the business premises.
Basic Requirements To Register a Private Limited Company Online in Maharashtra
- Directors and membership requirements
- Company name selection
- Registered office address
- Obtaining additional documents
- Digital signature certificate (DSC)
- Director identification number (DIN)
- Name approval
- Memorandum of association (Moa) And articles of association (Aoa)
- Address proof and identity proof
- Registered office proof.
Types of Business Entities for Company Registration in Maharashtra
- Sole Proprietorship
- Partnership Firm
- One Person Company (OPC)
- Private Limited Company (Pvt Ltd)
- Limited Liability Partnership (LLP)
- Public Limited Company (Ltd).
Step-by-Step Guide to Register PVT ltd Company Online in Maharashtra
Vakilsearch offers a simple en route to register PVT ltd company online in Maharashtra. We get it done in just 4 easy steps
Step 1: Collecting Initial Documents
Our team will gather all the necessary documents and get them verified for the incorporation process.
Step 2: DSC and Name Approval
On your behalf we will apply for Digital Signature Certificate (DSC) and seek approval for your company name from MCA.
Step 3: Drafting MOA and AOA and Filling with ROC
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company and upload the completed documents and forms for the final stage of company incorporation.
Step 4: Procure Company Incorporation Certificate
Our team will initiate the registration process with the government authorities. They will further review the documents and will approve the company registration. Post approval you will be provided a company registration certificate directly.
Note: All the documents should be submitted within a time frame and accurate as per the government guidelines to avoid delay. The certificate of incorporation will be delivered directly by the MCA and Vakilsearch will initiate and guide and the process.
Business Compliance in Maharashtra
Business compliance in Maharashtra involves adherence to local, state, and national regulations governing operations, taxation, licenses, and statutory requirements. Additionally, businesses must maintain accurate records, ensure transparency, and fulfil regulatory obligations to operate legally in Maharashtra. Our team of experts can help you stay on point with your annual business compliance.
- ADT -1 - Appointment of Auditor
- INC 20A - Certificate of Commencement of Business
- AOC 4 - Filing of financial statements
- MGT 7 - Filing of annual returns
- DIR 3 KYC - Directors KYC
- DPT 3 - Return of Deposits
Our PVT Limited Company Registration Services in Maharashtra
Vakilsearch offers a holistic solution to register a Private limited company online in Maharashtra allowing you to register your entity without leaving the comfort of your home. Our experts can complete the entire company incorporation process in 4 steps. Our company registration package includes:
- DIN and DSC for two Directors
- Drafting of MoA & AoA
- Registration fees and stamp duty
- Company incorporation certificate
- Company PAN and TAN
- Zero balance current account
Just follow these steps, and you'll be on your way to creating your own private limited company. It's a good idea to get advice from professionals to make smart choices and make sure your company grows smoothly.
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