Deliverables
- Reserve Your Company Name in 1-2 Days
- Exceprt Supprt in Preparation of All the Documents
- DSC of Two Person
- All the Filing Process in 5-7 Days
- Incorporation Certificate in 14 - 21 days
- DIN for directors
- Company PAN+TAN
- Company ESI+EPF No.
- Digital welcome kit that includes a checklist of all post-incorporation compliances
*Govt Fee Includes Payment for DSC of Minimum 2 Person, Stampduty(Statewise-Based On Authorised Cpaital), RUN, PAN and TAN Charges
Types of business/start up structure in India
An individual can set up as a sole trader/proprietor, as a Partnership firm, or Limited Liability Partnership etc.or can set up various types of companies such as:
One Person Company |
Private Limited Company |
Limited Liability Partnership |
Proprietorship |
Partnership Firm |
1 Shareholders |
Minimum 2 Shareholders |
2 Designated Partners |
PAN |
Minimum 2 Partners |
1 Directors |
Minimum 2 Directors |
DIN of partners |
Adhaar |
PAN of Partnership firm |
1 Nominee |
DIN of directors |
DSC of partners |
Bank Details |
|
DIN of Director |
DSC of directors |
Capital Contribution 10000/- |
Business Details |
Capital Contribution 10000/- |
DSC of director |
Minimum Authorised Share Capital 1 Lakh |
|
Investment minimum 1 Lakh |
|
Minimum Authorised Share Capital 1 Lakh |
|
|
|
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OVERVIEW
- For entrepreneurs in India, establishing a private limited company is one of the most reliable and recognized business structures. It offers numerous advantages, including limited liability, enhanced credibility, and opportunities for growth. Governed by the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), this structure provides a solid foundation for businesses to scale efficiently.
- The incorporation process begins with obtaining Digital Signature Certificates (DSC) for directors, securing Director Identification Numbers (DIN), and submitting the SPICe+ form. Once the Registrar of Companies (RoC) approves the application, the company receives a Certificate of Incorporation, granting it a separate legal identity. This allows the company to own assets, enter into contracts, and operate independently.
- However, incorporation is just the first step. Post-registration compliance is equally essential to ensure smooth operations. Entrepreneurs must register for GST, obtain PAN and TAN, and fulfill annual return filing and audit requirements. These legal obligations not only maintain statutory compliance but also build trust among investors and stakeholders.
- While the process may seem complex, expert assistance can make it seamless. At Suyog Advisors, we simplify company registration, managing everything from documentation to compliance, so you can focus on growing your business with confidence.
WHAT IS PRIVATE COMPANY
- A private limited company (commonly abbreviated as Pvt Ltd) is considered a separate legal entity from its owners, offering a secure framework for operations while safeguarding the personal assets of its members. This business structure, governed by the Companies Act, 2013, is popular among entrepreneurs and small to medium-sized businesses (SMEs) for its combination of limited liability protection, ownership control, and scalability.
- For instance, startups like Swiggy began as private limited companies due to their ability to secure venture capital funding while maintaining limited liability for founders.
- Unlike public companies, a private limited company restricts the transfer of shares and operates with a focused group of stakeholders. This makes it ideal for businesses seeking operational independence, confidentiality, and long-term growth.
Definition as per the Companies Act, 2013
Section 2(68) of the Companies Act, 2013, defines a Private Limited Company as an entity that:
- Restricts the Transfer of Shares: Shareholders cannot freely transfer their shares to the public or external parties. This restriction ensures that ownership remains within a close group of trusted individuals, protecting the company’s stability.
- Limits the Number of Members: A private limited company can have a maximum of 200 members, excluding current and former employees who hold shares. This limit ensures the company remains a private entity. (Exception: A One Person Company (OPC) can have only one member.)
- Prohibits Public Invitations: The company is not allowed to invite the public to subscribe to its shares, debentures, or other securities. This makes private limited companies more focused on raising capital privately, such as through friends, family, or institutional investors.
Why Private Limited Company?
A Private Limited Company provides an ideal business structure that combines legal protections, operational flexibility, and growth opportunities, making it a preferred choice for entrepreneurs and small to medium-sized businesses. Here are the 10 key features and 7 benefits of a Private Limited Company.