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Private Limited Company (Pvt. Ltd. Co.)

For its numerous advantages, private limited company is the most adopted corporate entity structure, primarily by small and medium businesses, and it’s even popular among large corporate-houses.

Digital Filings can help you in…:

 Registering the Director with the Ministry of Corporate Affairs (MCA);

 Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN);

 Picking up a unique name for your company;

 Drafting constitution (MoA and AoA) for the business;

 Getting the Company’s TAN and PAN Issued by the NSDL.

From INR 9,899/- all inclusive fees; 12 Months* [email protected] 825/-

Understanding Pvt. Ltd. Co. Model

A Pvt. Ltd. Co. is essentially a limited liability entity which is governed by the MCA, Companies Act of 2013, and the Companies Incorporation Rules of 2014 for the registration purposes. Pvt. Ltd. Co. is the most popular legal structure for businesses, thanks to its easy to incorporate mechanism.

Key factors to consider the Pvt. Ltd. Co. mode, include limited liability protection to shareholders; ability to raise the equity funds; separate legal entity status; and the continuous existence. All these and much more make Pvt. Ltd. Co. the most recommended form of business for numerous small, medium, and even large sized businesses.

To register a private limited company, you simply need to register all the directors (a minimum of two and a maximum of 15) with the MCA; register the name of the new company; and submit the company incorporation documents, including MoA and AoA. Also, minimum of two shareholders are required to register a private limited company.

Quick Guiding Notes:

  • A natural person can be a director as well as a shareholder, while a corporate legal entity can only be a shareholder.
  • Foreign nationals, foreign corporate entities, or NRIs can become Directors and / or Shareholders of a Company with Foreign Direct Investment, which makes it the preferred choice of entity for foreign promoters.

Key-Advantages of a Pvt. Ltd. Co.

Distinct Entity

Property Ownership

Limited Liability

Easy to Transfer

Perpetual Succession

Financing Ease

Distinct Entity

Pvt. Ltd. Co. is an independent corporate and legal entity established under the Company’s Act, therefore, it enjoys a range of legal capacities, including bank account opening, employees hiring, and taking on equity or obtaining licenses. Also, company’s shareholders and directors have no personal liability for its debts.

Limited Liability

Member’s liability in Pvt. Ltd. Co. is limited to the extent of their investment contributions to the business. Moreover, member’s personal assets are protected from any liability of Pvt. Ltd. Co.

Perpetual Succession

Until a Pvt. Ltd. Co. is legally dissolved, it can enjoy the benefits of an on-going concern, irrespective of the demise or exit of any member (shareholders / directors) and any ownership change.

Property Ownership

Being an artificial person, a Pvt. Ltd. Co. can acquire, own, enjoy, and alienate property (including machinery, building, land, factory, and others) in its name. Also, the members (shareholders / directors) cannot claim any ownership of the company as long as the company enjoys the on-going concern status.

Easy to Transfer

Since Pvt. Ltd. Co. holds a separate identity from that of its members, therefore, the ownership can easily be transferred, just by transferring shares with the consent of other shareholders.

Financing Ease

Banking and Financial Institutions prefer to finance a Pvt. Ltd. Co., and it can raise equity funds, issue equity shares, preference shares, debentures, and can even accept deposits with RBI’s permission.

Required Documentation Chart

Indian Resident
To be Submitted by Directors

  • Self Attested and Scanned copy of PAN Card or Passport
  • Self Attested and Scanned copy of Voter’s ID / Passport / Driver’s License
  • Self Attested and Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)
  • Specimen signature (blank document with signature)

For the Registered Office

  • Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)
  • Scanned copy of Notarized Rental Agreement in English
  • Scanned copy of No-Objection Certificate from the property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Registered office can be a commercial space or even a residence.
Non-Resident Indian / Foreign Resident
To be Submitted by Directors

  • Notarized and Scanned copy of Passport*
  • Notarized and Scanned copy of Passport / Driver’s License*
  • Notarized and Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Specimen signature (blank document with signature)

*Documents to be apostilled if the director is from a Commonwealth country.

For the Registered Office

  • Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)
  • Scanned copy of Notarized Rental Agreement in English
  • Scanned copy of No-Objection Certificate from the property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Registered office can be a commercial space or even a residence.

Digital Filings Service Package Include

  • DSC for one director and DIN for up to three directors
  • Drafting of MoA and AoA
  • Registration fees and stamp duty
  • Company Incorporation Certificate

What People Frequently Ask…

How many directors are required to form a Pvt. Ltd. Co.?
A Pvt. Ltd. Co. can be formed by having a minimum of two and a maximum of 15 directors with at least one must be a resident of India.
What is the minimum capital requirement for setting-up an Pvt. Ltd. Co.?
There is no minimum capital requirement in case of a Pvt. Ltd. Co., however, it should have an authorized capital of at least INR 1 lac.
Why do start-ups prefer Pvt. Ltd. Co. model?

Start-ups choose to be a Pvt. Ltd. Co. as it enables them to raise venture capital funding and offer their best employees stock options. Without funding and stock options, it’s almost impossible to build and scale a large business. Banks and fund lenders prefer to fund a Pvt. Ltd. Co. over any other form of business.

Pvt. Ltd. Co. can be registered only on a commercial property?

No, the registered office of Pvt. Ltd. Co. does not have to be a commercial space as it can be registered on a residential property, even a rented home (as long as an NoC is obtained from the landlord).

Who can be a member of a Pvt. Ltd. Co.?
Any individual or a company, can become a Pvt. Ltd. Co., however, an individual must be over 18 years of age and should have a valid PAN card.
What guidelines to be followed to pick a name for a Pvt. Ltd. Co.?
The Registrar of Company (RoC) expect applicant to follow a few naming guidelines, including first checking the name availability in the MCAs database. Also, some of the rules are subjective, which means that approval can depend on officer’s opinion handling your application, however, the chances of name approval can improve, if you cautiously follow the rules.

How to obtain company incorporation certificate?
Company incorporation certificate is provided by the MCA as a soft copy in a PDF document.
Can NRIs and foreign nationals or foreign entities register a Pvt. Ltd. Co.?

Yes, NRIs, foreign nationals, and foreign entities can register a Pvt. Ltd. Co. and invest in India, subject to the Foreign Direct Investment norms set by the RBI. Moreover, incorporation rules in India require one Indian national must be on the Board of Directors.

Pocket-Friendly Options

How we Do It…

It generally takes about 15-20 business days to complete the registration for a Pvt. Ltd. Co. The processing time, however, depends on collating all the relevant registration documents and time taken by the registrar / authorities to process the request.

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Arrange them All

The primary action item to register a Pvt. Ltd. Co. is to obtain DSC and DIN for all the directors. One director must apply for the DSC so as to file the company registration documents. Digital Filings will help you arranging all the relevant information within 5-7 working days and file the required form to submit the application online.

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Name Matters

Post applying for the DSC, Digital Filings will assist you picking a name for your company. We will also help you arranging the relevant documents and details to file SPICe i.e. INC-32, MoA and AoA. A Pvt. Ltd. Co. can submit at-least one and a maximum of six name choices to the MCA for approval, that might take 5-7 working days, subject to availability, naming guidelines, and the processing time. After all this, the Certificate of Incorporation will be approved.

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Final Steps

Finally, Digital Filings will assist you submitting all the relevant registration documents to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5-7 business days, subject to their processing time.

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There is More to Help

On receiving the incorporation certificate for the Pvt. Ltd. Co., Digital Filings will help you applying for PAN and TAN with the NSDL that takes around three weeks to get those issued.

Our Patrons’ Speak

team-3“Heartfelt thank you for proficiently taking care of all the registration related tasks and letting me focus on my business operation without any stress.”

Srinivasan

team-3“Highly impressed by the personal attention of the professional staff in getting the GST registration done and arranging the MSME certification for my business.”

Hari

team-3“Thank you Digital Filings for all your professional and timely support in getting my company registered.”

Sachin Gupta

team-3“I never thought it would be so easy to get my proprietorship firm registered. Thank you team Digital Filings. I will refer your proficient services to my friends too.”

Pawan

team-3“Thank you for simplifying the so complicated filing and documentation and getting my business smoothly registered.”

Amit

Mission Statement

Every Partner at Digital Filings is Focused...
...to Provide a Comprehensive Legal Assistance Mechanism...
...Diligently Customized for Emerging Entrepreneurs!

We at a Glance...

Digital Filings is a leading business and legal services provider in India, assisting entrepreneurs in effectively and economically setting-up and managing their venture. Digital Filings consistently ensures that your venture is always compliant, so you can efficiently focus on making your business ascend.

Our strong network of proficient partners thoroughly understands the business specific regulatory/legal requirements and is focused to assist business owners at every stage of their venture.

Our panel of competent professionals, including Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Financial Gurus, and Business Experts are just a call away to gladly serve you.

 

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