Are you looking to Setup a Private Limited Company?

A Private Limited Company is one of the most popular and preferred business structures in India. It allows for limited liability protection, easy transfer of shares, and is suitable for both small and large businesses.

At InstabizFilings, we simplify the entire process of Private Limited Company registration for you. Our expert team ensures that your company is incorporated quickly and compliantly.

A Private Limited Company is a business entity that limits the liability of its shareholders to the extent of their shareholding. The company is privately owned and cannot issue shares to the public.

Key Features:

• Limited Liability: Shareholders are only responsible for the debts of the company to the extent of their investment.

• Separate Legal Entity: The company is legally separate from its owners and can own assets, incur debts, and enter into contracts.

• Ownership Restrictions: A Private Limited Company cannot have more than 200 shareholders.

To register a Private Limited Company in India, you must meet the following criteria:

• Minimum of 2 Directors: A Private Limited Company must have at least two directors. At least one of them must be an Indian resident.
• Minimum of 2 Shareholders: A Private Limited Company requires at least two shareholders, but the maximum limit is 200.
• Unique Company Name: The name of your company must be unique and not similar to an existing registered name.
• Registered Office: The company must have a registered office address in India. This could be a commercial or residential property.

• Limited Liability: The most significant advantage is that the personal assets of shareholders are protected. The liability of each shareholder is limited to the unpaid amount of shares they hold.
• Separate Legal Entity: A Private Limited Company is considered a distinct legal person, which means it can enter into contracts, own assets, and be sued separately from its owners.
• Credibility and Trust: Registering as a Private Limited Company adds credibility to your business. It builds trust with customers, suppliers, and financial institutions.
• Attract Investment: A Private Limited Company can attract investment from venture capitalists or angel investors more easily than a sole proprietorship or partnership.
• Tax Benefits: Private Limited Companies enjoy several tax advantages, such as lower corporate tax rates and the ability to deduct business expenses.
• Easy Transfer of Ownership: Shares in a Private Limited Company can be transferred with ease, allowing business owners to sell or transfer ownership as needed.

Before starting the registration process, make sure you have the following documents:

• Identity Proof: PAN Card, Aadhar Card, or Passport of all directors and shareholders.
• Address Proof: Utility bills or bank statements that show the address of the directors.
• Photographs: Passport-sized photographs of all directors.
• Proof of Registered Office: Rental agreement or utility bills as proof of the company’s registered office.

At InstabizFilings, we make the process of registering a Private Limited Company simple and hassle-free. Follow these easy steps:

• Name Reservation (DIN & DSC)

1. Apply for Digital Signature Certificate (DSC): A DSC is required for signing documents online. It is mandatory for all directors.
2. Obtain Director Identification Number (DIN): A unique identification number issued by the Ministry of Corporate Affairs (MCA) for all directors.
3. Choose a Company Name: Choose a unique name for your company. It should be available on the MCA website to avoid any conflicts.

• Drafting Documents:

1. Memorandum of Association (MOA): This document defines the main objectives and scope of the business.
2. Articles of Association (AOA): This outlines the internal rules and regulations of the company.
3. Consent from Directors: All directors must sign a consent form agreeing to serve on the company’s board.

• Filing with MCA:

1. Submit the above documents along with the application for company registration to the Ministry of Corporate Affairs (MCA).

• Certificate of Incorporation:

1. Once the documents are verified and approved by MCA, the company is incorporated, and a Certificate of Incorporation is issued. This marks the official start of the company.

The cost of registering a Private Limited Company in India can vary depending on various factors like the number of directors, capital structure, etc. At InstabizFilings, we offer affordable packages to register your company. Contact us for a detailed quote.

After your company is registered, certain ongoing compliance requirements must be fulfilled to maintain its legal standing:

• Annual Filing: Every year, you must file your financial statements, annual returns, and auditor’s report with the Ministry of Corporate Affairs (MCA).
• Board Meetings: Hold at least one Board meeting every quarter to discuss business operations and strategies.
• Audit: Private Limited Companies need to have their financial accounts audited by a qualified Chartered Accountant annually.
• Tax Filing: File income tax returns and GST returns (if applicable) on time to avoid penalties.

At InstabizFilings, we make the process of registering a Private Limited Company simple, fast, and hassle-free. Here's why you should choose us:

• Expert Team: Our team of professionals handles everything from paperwork to filing documents with the government.

• Affordable Packages: We offer cost-effective registration services tailored to your needs.

• End-to-End Support: From company registration to post-registration compliance, we are here to support you at every step.

• Hassle-Free Process: We take care of all the paperwork, so you can focus on growing your business.