TEAM VAMA

Private Limited Company Registration

Ideal for start-ups going for funding & growing business

Benefits of Private Limited Company Registration

Below are the benefits of the private limited company –
#1 Easily Setup and recommend to Growing Startups.
#2 Limited Liability for Members.
#3 More Credibility as Compare to others.
#4 Easily raise funds from Investors.
#5 ESOP Option are available to motivated Employees.
#6 Name Protection available.

Pvt Ltd Company registration name availability

​Basically, in the private limited company, you have to choose a unique name. because once a name has been registered with the MCA then no one other company take over the same name. It’s just like Brand Registration.

So you have to provide 3-4 name during the name approval process during the Private Limited Company Registration Process. once you provide the company name, then MCA will check the same and approved as per the name availability rules and regulations. you can check here about How to Search a Company Name.

Different Forms of Online Pvt Ltd Company Registration

​If you thinking Private Limited Company is very expensive for the starting then you can choose below

– Proprietorship Firm
– Partnership Firm
– OPC Registration
– LLP Registration

What is the Cost Involved in the Private Limited Company Registration

​There are various cost involved in the pvt ltd company registration. below are the same –
2 Digital Signature – (1000*2)          =   2000
Director Identification Number (500*2)      = 1000
Stamp Duty(Approx)               = 2500
Notary Fees – 1000
Govt Fee for RUN+PAN+TAN = 1200
Professional Fee(Market Price) = 3000-5000/- INR

So if you want to know more about details then checkout this Guide on Pvt Ltd Company Registration Fees

 

How Much times takes to Register your Pvt Ltd Company ?

There is no Standered Timeline for the Private Limited Company Registration. Its all depend on the Documents Submission and Incorporation Forms.

if we talk about the DSC & DIN then its takes min 1-2 days, for the Name approval its all depend on the govt which takes avg 2-3 days. so you can takes min 10 days to complete your whole incorporation of the private limited company.

How to Register a Pvt Ltd Company in India

Step 1. Application for DSC (Digital Signature Certificate).
Digital Signature is the first step to form a private limited company. All the eforms are online so its required the digital signature instead of the physical signature. In the MOA & AOA of the company all the directors or subscriber required the digital signature.

Digital signature prepared by the govt authorized authority only such as Emdura or Sify etc. These certifying agencies provide the digital signature in under class 2 and class 3. mainly its required the class 2 DSC Only. if we talk about the DSC Cost then its cost around 1000/- INR per DSC.

Step 2. Apply for the DIN (Director Identification Number)
DIN is mandatory to become the director of any company. Only one din is allowed for one person. so after the obtaining DSC you have to required to apply for the DIN. There are 2 ways to apply for the Digital Signture –

#1  DIR – 3 : If you are existing private limited company in India and now want to establish another company then you can file the DIR-3. you have to submit the all directors identity and address proof like pan card with aadhar card etc. but remember from the January 2018 its has been outdated.

#2 SPICe (INC32 Form) : This is new option after the jan 2018 for the new companies. You have to require the fillup new SPICe INC 32 Form with the director details & documents. but wait ! you can incorporate with only 3 directors for the same, if any case you have more directors then you can appoint them after the incorporation of the pvt ltd company.

Step 3. Application for the Name availability.
This is one of the most important steps during the private limited company incorporation. you have to choose a unique identity name for your company. there are 2 ways to register or book your name for the private limited company.

#1 Let suppose before apply for the DSC or DIN if you want to book your private limited company name with the MCA then you can use the newly RUN ( Reserve Unique Form) for the same. but remember its gives you only 1 chance to submit your company name, if any case due to trademark violation or existing company names violation your application will be rejected then you have to again apply for the same. so you have to follow the company registration name guidelines. but Don’t worry there is relaxation from 23rd March 2018, Now you can submit the 2 proposed name with the 1 resubmission through RUN Form.

#2 This is one of the fasted ways to get register your private limited company with the government. In this way, you have to submit the SPICe INC 32 Form with the proposed name if your name is approved then your whole company has been registered for the same. but remember if any case your name is rejected then there is only 1 more chance to resubmit the application without any extra govt charges. but if you still fail in the 2nd option then you have to again start the process from scratch and pay the government fee for the SPICe inc32.

Step 4 : Filing of the EMoa and EAOA for the register private limited company :
Previously before introducing the SPICe’s form you have to require the file MOA & AOA of the Company physically paper to the MCA but after the introduce new SPICe’s form you have to just attach Electronic MOA & AOA of the Company.

Note – SPICe’s INC 32 Forms and all other above process required the digital signature certification from the Practising Chartered Accountant or Company Secterary or Lawyer. So you can do it yourself without helping of the professional. Take myonlineca service and Be Relex !

Step 5 : Apply for the PAN & TAN of the Company
Previously before introducing the new forms, during the private limited company registration required to separately apply for the PAN & TAN for the same. but now you can apply through SPICe’s form together.

Step 6 : Issued Certificate of Incorporation by RoC with PAN & TAN
If everything is perfect and approved by MCA Registrar of Companies then they will be issued Certificate of Incorporation with PAN & TAN for the same.

Step 7 : Opening a Current Bank Account on Company Name –
So this is the last step for your private limited company. after the getting certificate of incorporation, you have to simply open a current bank account  as  per your choice on the basis of the documents which is provided by us.

FAQ Series on Private Limited Company Registration

#1 Can i Register a Private limited Company on my Home Address ?

Yes, you can register your company at your residential address. there is no issue, you need only the utility bill copy of the same.

Yeah, it’s  a good idea to register on your family member on the Paper. even on later stage you can change this or transfer the shares of the directors.

Its take minimum 10 to 15 days avg. to register a private limited company in India.

It’s cost nearby 10,999/- INR except in some state like Punjab, Kerala and MP State due to Stamp Duty.

It’s a just a maximum share value which you can issue in your company so it’s not mean that you have to invest the 1 lakh rupees. you can start your own private limited company with any amount of capital.

GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it’s a completely separate registration apart from private limited company registration.

Yes you can run the multiple business under one private limited company. For ex if you deal into the trading of the products and services both then you can mention in your MOA during the pvt ltd company registration.