Registering a Company is quick, easy, and can be done online with Vakilsearch in 3 simple steps:
We help you register your directors with the Ministry of Corporate Affairs (MCA).
We help you pick the right company name.
We draft and file the documents required for your company registration (MoA and AoA).
Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.
Register a company today to get funding and tax benefits.
Vakilsearch, a leading legal consultant, offers quick Company Registration service in India with three simple steps
A Certificate of Incorporation (CoI), along with PAN and TAN can be received post approval of the company registration process. You can officially open a current bank account with the Certificate of Incorporation and begin your business operations.
Please fill up the form below so you can speak to our legal advisor on the company registration process.
Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
According to the law in the Company Act, 2003 in order for any company to be registered in India, the below conditions have to be met.
A private limited company must have at least two directors and at most, there can be 15. Of the directors in the business, at least one must be a resident of India.
The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh.
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NoC is obtained from the landlord.
Company Registration in India will boost the progress of startups and provide an additional edge over those who have not registered. The Ministry of Corporate Affairs governs the company registration process with rules and regulations framed in accordance with the law.
One of the primary steps in Company Registration is to ensure that the company name has not already been taken by another legal entity. We can run a company name search to check the availability of the particular name in India against the MCA and trademark database.
We recommend the businesses to come up with three to four alternative names during the approval stage of Private Limited Company Registration. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability rules and regulations.
If you are disappointed that a preferred name is taken, do remember that the name of your company doesn't have to be your brand name. However, if you're going to trademark your brand name, also check if it has already been trademarked at http://www.ipindia.gov.in/. If it has been trademarked, you would need a no-objection certificate from its owner to have it approved as your company's name.
In India, Private Limited company registration cannot be done without proper identity proof and address proof. Identity and address proof will be needed for all the directors and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the online company registration process acceptable.
For the foreign nationals, apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.
For online company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.
Note: Your registered office need not be a commercial space; it can be your residence too.
The Private Limited Company Registration process is completely online, so you don't even have to leave your home to get your entity registered. At Vakilsearch, we complete the Company Registration online within 14 days.
Vakilsearch Company Registration package includes:
Do I need to be physically present during this process?
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
How much time is needed for setting up a private limited company in India?
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
What are the rules for picking a name for a private limited company?
The Registrar of Companies (RoC) across India expect applicant to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
What documents are required to complete the process?
All directors must provide identity and address proof, as well as a copy of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.
What is a DSC?
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. As all documents needed are electronic, partners need a DSC.
Does a private limited company have continuous existence?
Yes, so long as the annual compliances are met, the private limited company will continue to exist. If you do not comply with the requirements, it will go dormant, until it is struck off the register altogether.
How much does it cost to run a private limited company?
The can be divided into four categories: cost of setting a private limited company, cost of accounting and auditing, cost of compliance and miscellaneous expenses. At the very minimum, you can expect to spend Rs. 40,000 on all of these.
Is it necessary to have a company’s books audited?
Yes, a private limited company must hire an auditor, no matter what its revenues. In fact, an auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company, given that penalties for non-compliance can run into lakhs or rupees and even lead to the blacklisting of directors.
What are articles of association and memorandum of association?
These documents contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.
Are two directors necessary for a Private Limited Company Registration?
Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a One Person Company,, if you are the sole owner of the company.
Who can be the in a Private Limited Company?
Any individual/organization can become a member of a private limited company including NRI/foreigners. Nonetheless, the individual must be 18+ above in terms of age and should hold a valid PAN card.
What is the minimum capital needed to form a Private Limited Company?
There is no minimum minimum required for starting a private limited company.
Can the director of a private limited company also be a salaried person?
Yes, a salaried person can become the director in private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.
Can the limited liability partnership (LLP) be converted to a Private Limited Company?
No, one cannot convert an LLP into a Private Limited Company as it is not a MCA. The LLP Act, 2008 and the Companies Act, 2013, both don’t have any provisions on conversion of the LLP in a private limited company. However, if one wants to expand their business they can register a new Private Limited Company with the same name. The LLP Company needs to just issue a no objection certificate.
What is the time taken by Vakilsearch.com in forming a Private Limited company?
Vakilsearch can integrate a Private Limited Company in 15-25 days. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure a speedy registration, kindly pick a unique name as the proposed Company name and also ensure that you have all the required documents prior to the starting of the registration process.
Can NRIs/Foreign Nationals become Director in a Private limited Company?
Yes, a NRIs and Foreign National can become Directors in a Private Limited Company. They need to get a DIN from the Indian ROC. They can also be a majority shareholder in the company. Provided at least one Director on the Board of Directors should be an Indian Resident.
Does one have to be present in person for the incorporation of a Private limited Company?
The entire procedure is done online and one does not have to be present at our office or any other place for the incorporation. A scanned copy of the documents have to be sent via mail. They get the company incorporation certificate from the MCA via courier at the business address.
A Private Limited Company called a separate legal entity. Why?
A company is a legal entity and like a different person established under the Act. It is treated as a different person which can own a property and have debts or creditors. The members (Directors/Shareholders/) of a company have no liability to creditors of a company in a case company is unable to pay the debts.
Can one register a Private limited company on their home address?
Yes, one can register the company at their residential address. One requires to submit the utility bill copy of the same.
If there are no partners available, then can one register their family members in the company?
Yes, it is a good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors.
Do you want to start Foreign Limited Liability Partnership (FLLP)?
By filling Form 27 (Registration of particulars by Foreign Limited Liability Partnership (FLLP), any foreign LLP may establish its place of business in India. The eForm has to be digitally signed by the authorized representative of the FLLP. There is no are mandatory requirement to apply and obtain DPIN or DIN for the Designated Partners of the FLLP but the DSC of the authorized representative is obligatory.
Do you wish to convert an existing Private limited / unlisted public company into LLP?
Any unlisted company/ private company that is eager to convert into a LLP needs to apply through Form 18 (Application and Statement for conversion of a private company/ unlisted public company into limited liability partnership (LLP). Form 17 needs to be filed along with the Form 2 (Incorporation document and Subscriber’s statement).
Are you keen to convert an already existing partnership firm to a LLP?
All existing partnership firm that are willing to get converted into a LLP have to apply through Form 17 (Application and statement for the conversion of a firm into LLP. The Form 17 needs to be filed along with the Form 2 (Incorporation document and Subscriber’s statement).
Are you keen to start an Indian LLP?
To register an Indian LLP, one needs to apply for a Designated Partner Identification Number (DPIN) first. This can be done by filing an eForm for acquiring the DIN or DPIN. One would then be required to acquire their Digital Signature Certificate and register the same on the portal. Subsequently, one needs to get the LLP name approved by the Ministry. Once the LLP name is approved, a LLP can be registered by filing the incorporation form.
How can one register a section 8 company?
Registering a Section 8 Company is quick, easy, and can be done online with Vakilsearch in 3 simple steps:
How can one register Part 1 Company?
In order to register a Part 1 Company, the applicant is required to file Form INC-1 for the name availability, first. After the approval of the same, the applicant is then required to file Form No. URC-1 along with filing e forms INC-7, INC-22 and DIR-12 or e-forms INC-7 and DIR-12 as the case may be.
What are the 10 common mistakes to avoid during company registration in India?
Don't wait further to know the 10 common mistakes to avoid during company registration. Click here now.
What are the top five reasons for registering a company?
To know the top 5 reasons for registering a company, click here.
What are the benefits of a Private Limited company?
Find out the benefits of a Pvt. Ltd. company by clicking here.
How can you register a company in India with MCA?
Click here to know the answer for registering a company with MCA.
What are the INC-29 company registration procedures in India?
Know about the INC-29 company registration procedure here.
What are the mandatory post incorporation compliances for companies?
Find out the answer for post incorporation compliances for companies here.
What are the documents required for registering a Private Limited Company?
Check out the documents required for registering a Private Limited Company here.
What is SPICe?
Click here to know more on SPICe.
Vakilsearch has successfully completed 600+ registrations in the past year alone. We have partnered with some of the top experts in business across India to get your registration across to you on time.
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
With the introduction of SPICe+ (e-form) for company incorporation, registrations for EPFO and ESIC shall be compulsory for all organizations registered, and none shall be separately issued by the respective agencies.
Private, public, and one person company registration under EPFO, ESIC will be executed on the new MCA portal. It simplifies the registration process by using a new web form SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus), integrating 10 services from various departments
With the availability of online registration portal for companies, it is mandatory to file different E-forms (1) Simplified Proforma for Incorporating Company electronically (SPICe-INC-32) (2) Electronic Memorandum of Association (eMoA) under INC-33 (3) Electronic Articles of Association (eAOA) under (INC-34)