Private Limited
Company Registration
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- Noida's leading service for registration of private limited company
- Incorporation in 15 days
- From Any where
- 30,000+ businesses incorporated since 2010
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Finocircle for Private Limited Company Registration
At Finocircle, we understand the importance of establishing a strong foundation for your business. Registration of a private limited company is your first step towards securing your business’ future. With over a decade of experience, our online private limited company registration process makes it easier for entrepreneurs, family businesses, startups, and almost anyone to form PVT LTD entities in no time.
Our expert team in Noida is here to guide you through the registration process, ensuring a seamless and efficient experience.
30,000+ Startups and MSMEs Served
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Guaranteed incorporation in 15 days
Introduction
Private Limited Company Registration Overview
Private Limited Company registration (PLC registration) is a popular way to start a business in India.
Private Limited Company incorporation is one of the best ways to start a business venture, providing several benefits. The registration is per the Ministry of Corporate Affairs (MCA) under the Companies Act 2013. When you choose Finocircle, you choose a cost-effective and reliable partner who ensures your pvt ltd company is registered with ROC (Registrar of Companies) as per the norms and guidelines of MCA.
BENEFITS
Benefits of private limited company registration
Limited Liability
Businesses always have a liability towards stakeholders, but if these liabilities are tied to the business owners, it can be disastrous for them financially. One of the benefits of incorporating a private limited company in India is the limited liability. By registering a Private Limited Company, shareholders separate personal assets from business liabilities. In any scenario, shareholders are only liable for the amount invested in the company. This saves the personal wealth of shareholders against financial difficulties or legal disputes.
Separate Legal Entity
A Private Limited Company is recognized as a separate legal entity from its owners. Under Indian law, this separation allows autonomy to the business for better risk management. The business continuity is secured, even if there are changes in ownership or management. A private limited company can enter into contracts, own assets, and sue or be sued in its own name, providing a layer of protection for its shareholders.
Ease of Fundraising
Businesses without private limited registration cannot participate in fundraising transactions. Private limited company registration makes attracting investors and raising capital for your business easier. The well-defined ownership structure and regulatory compliance associated with a Private Limited Company instill confidence in potential investors. With the incorporation, companies have the ability to issue shares and offer them to investors. It provides a clear path for fundraising and expanding your business.
Credibility and Trust
Compared to other business structures in India, a registered Private Limited Company enjoys an enhanced reputation and creates trust among customers, suppliers, and partners. A registered entity demonstrates the business’ commitment to legal compliance and professional business practices. This credibility can open doors to new opportunities, partnerships, and customer relationships, helping your business grow and thrive.
DOCUMENTS CHECKLIST
Documents Required for Private Limited Company Registration Online
To register your Private Limited Company, you will need a set of documents for the company’s directors and the company. These are the documents required for registration of a private limited company:
For designated directors of the private limited company:
- Identity proof: All directors and shareholders must provide a copy of their PAN card and passport as proof of identity. These documents are essential for verification and compliance with Know Your Customer (KYC) regulations.
- Address proof: Directors and shareholders must also submit proof of their residential address. Acceptable documents include an Aadhaar card, utility bill, or bank statement.
- Passport-sized photographs: Each director and shareholder must provide recent passport-sized photographs for identification purposes and to be included in the company’s records.
Document related to the company:
Proof of address: Documents proving the company’s registered office location. This can be:
- Rental agreement or tenancy agreement between company and landlord
- No Objection Certificate (NOC) from the property owner granting permission to use the premises for your company’s registered office
- The sale deed in the company’s name
- Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
We at Finocircle assist you in preparing and verifying all the necessary documents required for the registration of private limited companies, ensuring that they meet the required standards and are ready for submission to the relevant authorities.
INCORPORATE WITH FINOCIRCLE
Process of private limited company registration
Finocircle serves clients across industries, and our experienced professionals have perfected the process of private limited company registration, ensuring that all legal requirements are met and your company is set up for success without hassle.
Digital Signature Certificate (DSC)
The first step in registering your Private Limited Company is obtaining a Digital Signature Certificate (DSC). A DSC is an electronic version of a physical signature used for online filing and authorization of documents. Our team will assist you in obtaining a DSC from a certified provider for your company incorporation, ensuring that you have the necessary tools to proceed with the registration process.
Director Identification Number (DIN)
Every director of a Private Limited Company must obtain a Director Identification Number (DIN). This unique identification number aims to track their involvement in multiple companies. We ensure the DIN application process is not a problem for you with all the necessary documents prepared and submitted the application to the Ministry of Corporate Affairs (MCA).
Name Approval
One of the crucial steps toward registering your private limited company is to choose the right name. The choice of your brand and identity is crucial, and we can assist you in selecting a suitable name that aligns with your business objectives and meets the guidelines set by the MCA. We will conduct a thorough search to ensure your desired name is available and help you secure the name approval from the Registrar of Companies (ROC).
Incorporation Documents
After the company name approval, the next step is to prepare for incorporation, which requires two crucial documents: the Memorandum of Association (MOA) and Articles of Association (AOA). The MOA outlines the company’s objectives, while the AOA defines the rules and regulations that govern the company’s operations. Finocircle has all the resources necessary to draft these documents to expedite the company’s registration process.
Certificate of Incorporation
The final step in the company registration process is to submit the incorporation documents to the ROC for final approval and obtain a Certificate of Incorporation. Once the ROC is satisfied with the documentation, they will issue the Certificate of Incorporation, officially recognizing your company as a legal entity. With our experts handling your private limited company registration, you have a guaranteed pathway to incorporate your company.
INTRODUCTION
Comparing Private Limited Companies with Other Business Structures
Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm | |
|---|---|---|---|---|---|
Applicable Law | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
Registration | Mandatory | Mandatory | Mandatory | Optional | No |
Number of Owners | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 |
Separate Legal Entity | Yes | Yes | Yes | No | No |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
Statutory Audit | Mandatory | Mandatory | As Applicable | Not Mandatory | Not Mandatory |
Ownership Transfer | Yes | Yes (Restricted) | Yes | Yes (Restricted) | No |
Choosing the right business structure is a critical decision that can have long-term implications for your company. Understand how a Private Limited Company compares to other types of business structures. To help you make an informed decision, here’s a quick comparison of various business structures:
Sole Proprietorship vs. Private Limited Company: A sole proprietorship is a simple business structure that does not provide limited liability protection. In contrast, a Private Limited Company offers limited liability, a separate legal identity, and better credibility.
Partnership vs. Private Limited Company: A partnership is an arrangement where two or more individuals share the ownership and management of a business. Partnerships offer shared resources and expertise but lack the limited liability protection and formal structure of a Private Limited Company.
Limited Liability Partnership (LLP) vs. Private Limited Company: An LLP combines the benefits of a partnership and a company, offering limited liability protection to its partners. However, LLPs may not be suitable for businesses seeking outside investment or planning to go public in the future.
One Person Company vs. Private Limited Company: A One Person Company (OPC) is similar to a Private Limited Company with underlying structural differences. An OPC company has no mandatory minimum paid-up capital requirement, but if your paid-up Capital exceeds Rs. 50 lakh, then you must convert into a Private Limited Company.
Frequently Asked Questions
What are the compliances after a company is registered?
After registering a Private Limited Company, several ongoing compliance requirements must be met. These include holding annual general meetings (AGMs), filing annual returns and financial statements with the Registrar of Companies (ROC), maintaining statutory registers, and paying taxes. It’s crucial to stay compliant to avoid penalties and legal issues. At FinoCircle, our experts can guide you through these compliance requirements and help you stay on top of your obligations.
Who is eligible for private limited company registration?
To be eligible to register a Private Limited Company in India, you need a minimum of two directors and two shareholders. The directors must be Indian residents, and at least one of them should be an Indian citizen. There is no maximum limit on the number of directors or shareholders. Additionally, a Private Limited Company must have a minimum paid-up capital of Rs. 1 lakh. If you meet these criteria, FinoCircle can assist you with the registration process, ensuring a smooth and hassle-free experience.
How can I check if a company is registered?
To check if a company is registered in India, you can visit the Ministry of Corporate Affairs (MCA) website and use their “Company Master Data” search tool. Simply enter the company’s name or Corporate Identification Number (CIN), and the search will reveal the company’s registration status and other relevant details. If you need assistance with this process or have any doubts about a company’s registration status, the experts at FinoCircle can help you verify the information and provide guidance on your next steps.
What is the cost of Private Limited company registration in India?
The cost of registering a Private Limited Company in India varies depending on factors such as the authorized capital, professional fees, and government filing fees. The cost can range from Rs. 10,000 to Rs. 30,000. However, at FinoCircle, we offer competitive pricing and transparent packages to suit your specific needs and budget. Our packages start at [insert price], and we can customize our services to ensure you get the best value for your money.
Which is better, OPC or a Private Limited Company?
Choosing between a One Person Company (OPC) and a Private Limited Company depends on your business goals and requirements. An OPC is suitable for solo entrepreneurs who want to limit their liability and maintain complete control over their business. On the other hand, a Private Limited Company is ideal for businesses with multiple owners, those seeking investments, or planning for future growth. FinoCircle can help you evaluate your options and choose the business structure that aligns with your objectives.
Can I run a startup without registering?
While running a startup without registering is possible, it is not advisable. Operating an unregistered business can lead to legal issues, limited access to funding and resources, and difficulty establishing credibility with customers and partners. Registering your startup as a Private Limited Company provides limited liability protection, a separate legal identity, and better growth opportunities. At FinoCircle, we understand startups’ challenges and can guide you through the registration process, ensuring your business is set up for success.
Can I register a company myself in India?
Yes, it is possible to register a company yourself in India by following the necessary steps and filing the required documents with the Registrar of Companies (ROC). However, the process can be complex and time-consuming, especially if you are unfamiliar with the legal requirements and procedures. To ensure a smooth and error-free registration process, you should seek assistance from professional services like FinoCircle. Our experienced team can handle the entire registration process on your behalf, from document preparation to filing, saving you time and effort while ensuring compliance with all legal requirements.
Have questions about the Private Limited Company registration process, compliance requirements, or ongoing maintenance?
Contact our dedicated customer support team via phone, email, or live chat. We are always ready to assist you.
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Registering a Private Limited Company is an exciting milestone in your entrepreneurial journey, and FinoCircle is here to support you every step of the way. With our expertise, personalized approach, and commitment to excellence, we can help you navigate the registration process with ease and set your business up for success.
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