Private Limited Company Registration

Pvt. Ltd. Company Registration

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Procedure for Company Registration

Complete the Private Limited Company Application Form

Provide us Pertinent Documents

Make an Online Payment

Our executive will manage the Application process for Private Limited Company registration

We will mail you a Certificate of Private Limited Company registration

What is Private limited company?

In India, the most common type of “legal structure” is a private limited company. A Private Limited Company Registration in India is governed by the Ministry of Corporate Affairs and is incorporated under the Companies Act of 2013. It is legally distinct from its owners. It is widely used because it provides numerous benefits to its directors, such as limited liability, which means that if the company defaults, bank/creditors can only sell the company’s assets and not the directors’ personal assets. Starting a business in India is a pipe dream unless you have a proper business entity to back it up.

Everyone, from veterans to novices, from budding start-ups to established entrepreneurs, and from north to south India, regard it as the best business entity. You can use our services to register your Private Limited Company. We have served clients from major cities throughout India for Private Limited Company Registration.

FinBiz team of knowledgeable and efficient experts is always available to help and advise you on the process of forming a Private Limited Company. FinBiz is a leading business startup consultant in India, offering a wide range of company registration services.

Documents Required For Company Registration

Self-attested PAN card from each prospective partner is required for the Private Limited Company Registration Process.
Self-attested passports, election cards or voter identification, Aadhaar cards, or any other form of identity verification acceptable for Indian citizens and required for Private Limited Company Registration Documentation.
The most recent electricity or telephone or gas or mobile or other utility bills from the company's location that are less than two months old can be used as proof of the registered office address.
Also included are the most recent two passport-size photos.
All directors and members must submit two months' worth of bank statements.

Private Limited Companies Registration Process

Step 1:

Submit an application for the reservation of the Company's name via Spice PART. A form that can be accessed through the MCA portal.

Step 2:

Selecting an appropriate name for the Private Limited Company. Private Limited Company name suggestions can also be obtained from Fin Biz Private Limited Company Registration experts.

Step 3:

After receiving the application, the MCA will either approve or reject it within 3-4 days.

Step 4:

If the name is approved, the MCA will send us a name permission letter, and we must register the company within 20 days.

Step 5:

To extend the grace period before the 20-day grace period expires, an additional fee must be paid.

Step 6:

To get the DSC of the company's directors which will aid in the authentication of documents uploaded online.

Step 7:

Using SPICE PART B, electronically draught the company's MOA and AOA.

Step 8:

Submitting an online application to form a Private Limited Company.

Step 9:

The application will be evaluated by the Ministry of Corporate Affairs.

Step 10:

A Certificate of Incorporation, PAN, and TAN will be issued by the department upon the formation of a company.

Advantages of a Private Limited Company

No Minimum Capital:

There is no minimum capital requirement to form a Private Limited Company, and it can be registered with as little as Rs. 10,000 in total Authorized Share capital.

Separate Legal Entity:

A Private Limited Company is a separate legal identity in the eyes of the law, which means that the assets and liabilities of the business are distinct from the assets and liabilities of the Directors. A juristic person is someone who isn't a natural or human being. Members of a company are not liable to the company's creditors for such debts. A Private Limited Company separates management and ownership, so managers are accountable for the company's success as well as its failure.

Tax Efficient:

Because they can claim corporation tax relief on their profits, private limited companies are tax efficient. This can result in significant savings for businesses and increased profits, as well as capital allowances and R&D tax credits. Dividends paid by private limited companies to their shareholders are taxed at a lower rate.

Uninterrupted existence:

A company, as a separate legal person, is unaffected by the death or other departure of any member and continues to exist regardless of membership changes.

Limited Liability:

The status of being legally responsible only for a limited amount of a company's debts. As a result, where a company is limited by shares, the members' liability on a winding-up is limited to the amount unpaid on their shares. For example, if a Private Limited Company takes a loan and is unable to repay it, the members are only obligated to pay the amount they own towards their own shareholding, i.e. the unpaid share value. This means that if you have no balance payable on the number of shares you own, you are not liable to the company for any debt or credit amount that remains unpaid.