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How to Register a Private Limited Company Online
Registering a Private Limited Company online is a simple and efficient process with the help of E-StartupIndia professionals. Here’s how you can easily complete your registration in just a few steps:
- Ensure Eligibility: Gather at least two individuals who are eligible to serve as directors and shareholders of the company.
- Consultation: Speak with our expert advisors who will guide you through the required documentation for company incorporation.
- Name Selection: We assist you in choosing the perfect company name, ensuring its availability and compliance with regulations.
- Filing and Registration: Our team will prepare and file all necessary forms, such as DIR, MOA, AOA, COB, etc., and complete your company’s registration with the Ministry of Corporate Affairs (MCA).
With our support, registering your company online is quick, hassle-free, and streamlined for your convenience.
Why Choose Private Limited Company Registration?
Opting for Private Limited Company registration offers a wide range of benefits that enhance the legitimacy and credibility of your business. By registering your company online, you can unlock numerous advantages, such as:
- Official Recognition: Your company will be listed under the Ministry of Corporate Affairs (MCA) records, adding legal recognition and credibility.
- Liability Protection: Shareholders enjoy protection from personal liability, minimizing risks and securing against business losses.
- Tax Efficiency: Private Limited Companies benefit from lower tax rates compared to sole proprietorships, offering significant savings.
- Separate Legal Entity: Directors and shareholders can be distinct individuals, providing operational flexibility and clarity.
- Customer Trust: A registered company attracts more customers, as it demonstrates professionalism and reliability.
- Access to Finance: It becomes easier to secure bank loans and attract investments from credible investors.
- Asset Protection: Liability insurance is available to safeguard your company’s assets, reducing risk exposure.
- Capital Stability: A Private Limited Company allows for a more diverse and stable capital base, encouraging growth.
- Growth Potential: This structure supports scalability and helps businesses expand with ease.
Eligibility for Online Private Limited Company Registration
Before proceeding with the registration of a Private Limited Company, it is essential to ensure that the requirements set forth by the Companies Act of 2013 are met. Here’s a breakdown of the key eligibility criteria:
- Minimum Two Directors
A Private Limited Company must have at least two directors, with a maximum of fifteen. At least one director must be a resident of India.
Note: If you do not have the required two directors, you can opt for One Person Company (OPC) registration instead.
- Unique Company Name
Your company name must be distinct and not resemble any existing registered company or trademark in India. Selecting a unique and compliant name is crucial.
Guide: Our experts can help you choose a suitable company name that aligns with legal requirements and brand identity. - Minimum Capital Contribution
There is no mandatory minimum capital requirement to incorporate a Private Limited Company. You can start with as little as ₹1 as paid-up capital. However, the company must be registered with a minimum authorized capital of ₹1 lakh. - Registered Office
The company must have a registered office within the state where you intend to register. This office does not need to be a commercial space—a rented residence is acceptable as long as you have the landlord’s authorization.
Benefits of Private Limited Company Registration
There are multiple advantages to registering your business as a Private Limited Company:
- Preferred by Investors: Banks, venture capitalists, and investors often prefer Private Limited Companies due to their credibility and structured governance.
- Flexible Share Distribution: Shares can be easily allocated and transferred among directors or investors who have contributed financially to the business.
- Best of Both Worlds: A Private Limited Company combines the flexibility of a partnership with the advantages of a Public Limited Company.
- Reduced Dissolution Risk: Private Limited Companies have a stable structure, minimizing the risk of dissolution.
Step-by-Step Timeline for Online Company Registration Process
The entire process takes about 7 working days, including approval of the Director Identification Number (DIN), company name, and incorporation. With an efficient online platform, we simplify the process. Our experts guide you through every step:
Day 1
- Review the submitted documents and information
- Request a Digital Signature Certificate (DSC)
Day 2 – 3
- Check availability for the company name
- Draft business objectives
- Prepare drafts of documents like MoA, AoA, DIR, and others
- Share the drafts with you for approval
Day 4 – 5
- File the SPICe form for company name reservation
- File for company registration forms
- Apply for Director DIN
- Apply for the company’s PAN and TAN
Day 6 – 10
- Wait for application processing by the Ministry of Corporate Affairs (MCA)
- Receive your Certificate of Incorporation and other documents
- Assistance in opening a current bank account
After OPC registration, no need to visit the bank physically to open a company account. We will help you open an account with ICICI Bank, all while you stay at home.
GST Registration After Company Registration
To avail of input tax credits and other GST benefits, individuals, companies, and firms can apply for GST registration. You can complete this through the MCA portal while incorporating your company.
Simply give your consent for the GST registration application in e-form AGILE (INC-35) on the MCA portal.
Advantages of a Private Limited Company
A Private Limited Company provides several benefits that enhance both brand credibility and operational flexibility:
- Enhanced Brand Recognition: Boosts customer trust and loyalty.
- Tax Benefits: Avail of deductions and exemptions provided to Private Limited Companies.
- Separate Legal Entity: The company can enter contracts, sue, and be sued in its own name.
- Funding Opportunities: Access to bank loans, venture capital, and angel investors.
- Flexible Exit Strategy: Shares can be easily transferred among shareholders, ensuring an easy exit.
- Limited Liability: Shareholders are only liable for the amount they’ve invested, protecting personal assets.
How Can We Help with Private Limited Company Registration?
Our professional team has been delivering quick and error-free online company registration services in India since 2014. We stay updated with the latest MCA changes to ensure a smooth experience.
At the end of our service, we will provide you with all the necessary documents, including:
- Directors’ DIN and DSC on a Pen Drive
- Company’s MoA and AoA
- Registration fee and stamp duty payment receipt
- Certificate of Incorporation
- PAN and TAN for the company
Additionally, we assist in opening a current bank account with ICICI Bank, streamlining the entire process without the need for multiple document submissions.
Factors to Consider During Company Name Selection
Choosing the right company name is crucial, as it shapes the first impression on customers, suppliers, and stakeholders. It’s essential to adhere to Private Limited Company registration name availability criteria.
TIPS for Unique Company Name Approval:
- Short and Simple: The name should be easy to pronounce and memorable.
- Meaningful: It should reflect your business identity.
- Unique: Ensure it is not identical to existing company names or trademarks. Our professionals can help check and guide you through the registration of your unique business name or logo under Trademark Registration.
- Suffix: For a Private Limited Company, the name should end with “Private Ltd” and for an LLP, it should end with “LLP.”
- Legal and Non-Offensive: The name must not violate any laws or offend religious or cultural beliefs.
