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Private Limited Company

Overview

A Private limited company offers liability and legal protection to its shareholders. a private limited company is in between a partnership firm and a widely owned public company. It is registered with a minimum of two people. A Person can together be a director and shareholder in a Private limited company.

 

A private limited company can start functioning after getting the Certificate of Incorporation. A PLC will be incorporated within 15 working days. Incorporating a private limited company is an online process and even easier now.

Comparison between Private Limited Company & Limited Liability Partnership

Basis For Comparison Private Limited Company Limited Liability Partnership
Law Applicable
Companies Act 2013
Limited Liability Partnership Act, 2008
Minimum share capital
No requirement for minimum share capital.
No requirement for minimum share capital
Members Required
Minimum two Maximum 200
Minimum two Maximum no limit
Directors required
Minimum two Maximum 15
Two designated partners Maximum not applicable
Board meeting
Within 120 days of the previous board meeting. Minimum 4 board meetings to be held each year.
Not necessary
Statutory Audit
Mandatory
Not compulsory unless partner’s contribution exceeds 25 lakhs or annual turnover exceeds 40 lakhs
Annual Filing
Annual statement of accounts & annual return with ROC. These are filed in form AOC 4 and MGT 7
Annual accounts and Annual returns to be filed with RoC.. These returns are filed in LLP form 8 and LLP form 11
Compliance
High
Low
Liability
Limited
Limited
Transferability of shares
Can be transferred easily. It can only be restricted by Article of association.
Can be transferred by executing agreement before a notary public
Foreign Direct Investment
Eligible via automatic and government route
Eligible via automatic route
Suitable to which type
Businesses having turnover, entrepreneurs who need external funding
Startups , Business, trade, manufacturers etc
Company Name
Should end with Pvt. Ltd
Should end with LLP

Our Process

Estimated time to complete the process – 10-11 working days

Step 1

Initial Discussion & collection of Basic information

Step 2

Apply to Name Availability of the proposed Pvt Ltd Company

Step 3

Collection & Verification of Documents

Step 4

Apply for Digital Signature Certificate (DSC)

Step 5

Drafting MOA ,AOA & other Documents

Step 6

Submission of Forms With the ROC along with Din Application

Step 7

Issuance of Certificate of Incorporation

Step 8

Application for PAN & TAN

Step 9

Dispatch of deliverables.

Choose Your Package

All Inclusive Pricing – No Hidden Fee

  • Basic
    • ₹ 8000
      • 2 DSC (Digital Signature) For Director
      • 2 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Stamp Duty & Registration Charges*
      • Incorporation Fees
      • GST Registration
      • Commencement of Business
      • INR 1 Lakh Authorized Capital
      • 1 Month GST Return Filing
    • Purchase Now
  • Premium
    • ₹ 13500
      • 2 DSC (Digital Signature) For Director
      • 2 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Stamp Duty & Registration Charges*
      • Incorporation Fees
      • GST Registration
      • Commencement of Business
      • INR 1 Lakh Authorized Capital
      • E Way Bill Portal Registration
      • Accounting Software
      • MSME Registration
      • Auditor Appoitment Assistance
      • Commencement of Business
      • INR 1 Lakh Authorized Capital
      • PF & ESIC Registration
      • Professional Tax Registration
      • 3 Month Gst Return Filing
    • Purchase Now
  • Ultimate
    • ₹ 22500
      • 2 DSC (Digital Signature) For Director
      • 2 DIN for Director's
      • Name Approval for Company
      • MOA & AOA Drafting
      • PAN & TAN Card of Company
      • Certificate of Incorporation
      • Bank Account Opening Support
      • Stamp Duty & Registration Charges*
      • Incorporation Fees
      • GST Registration
      • Commencement of Business
      • INR 1 Lakh Authorized Capital
      • E Way Bill Portal Registration
      • Accounting Software
      • MSME Registration
      • Auditor Appoitment Assistance
      • Commencement of Business
      • INR 1 Lakh Authorized Capital
      • PF & ESIC Registration
      • Professional Tax Registration
      • 1 Year GST Return Filing
      • Income Tax Return Filing
      • 1 Year Company Roc Filling
    • Purchase Now

Note

  1. Stamp duty upto 1 Lakh Authrorized Capital Covered above, if Capital Increase the duty raise on actual Basis.
  2. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
  3. Cost of 2 Director’s covered above, If No. of Director’s more than 2 then Cost of DSC and Din Application Increase By 1500 Rs Per Director.

Benefits

No Minimum Capital

No minimum capital is required to make a private limited company. a private limited company can be submitted with a minimal amount of Rs. 10,000 as total Authorized Share capital.

Limited Liability

If the company undergoes financial distress due to whatsoever reasons, the personal assets of members won't be used to pay the debts of the company because the Liability of the person is restricted.

Fund Raising

A Private limited company in India is the only sort of business apart from Public Limited Companies that will raise funds from Venture Capitalists or Angel investors.

Builds Credibility

The aspects of the company are accessible on a public database. This enhances the credibility of the company because it makes it easy to authenticate the small print.

Documents Required

Identity and Address Proof

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

Scanned copy of Voter’s ID/Passport/Driver’s License

Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.

Scanned passport-sized photograph specimen signature (blank document with signature [directors only])

Registered Office Proof

Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill

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)

Clear All Your Doubts !

A Private limited company must have a minimum of two Directors and may have up to a maximum of fifty Directors. But if you're a sole owner, you'll incorporate an OPC as well.

No, we have a team of professionals that includes chartered account and company secretary who will take care of your registration process. You have to only provide us with the documents as per the list sent by the Book My Consultant  team.

Let’s start your business journey with Book My Consultant.

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