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What is the Cost to Register a Private Limited Company in India?
What is the Cost to Register a Private Limited Company in India?
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1. Step-by-Step Procedure to Register a Private Limited Company in India:
Obtain Digital Signature Certificate (DSC): All directors need a DSC.
Obtain Director Identification Number (DIN): Apply online with the required documents.
Name Approval: Apply for the company name through the RUN (Reserve Unique Name) service.
Drafting Memorandum of Association (MOA) and Articles of Association (AOA): Create these documents.
Filing Incorporation Documents: Submit the documents to the Ministry of Corporate Affairs (MCA).
Payment of Fees: Pay the prescribed fees for incorporation.
Certificate of Incorporation: Once approved, you'll receive the certificate.
PAN and TAN Application: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Number (TAN).
Opening a Bank Account: Open a bank account in the company's name.
GST Registration: Register for Goods and Services Tax (GST) if applicable.
2. Documents Required to Registering a Private Limited Company:
Passport-sized photos of directors.
Proof of identity and address (Aadhar, Passport, Voter ID, etc.).
Proof of registered office address.
No-Objection Certificate (NOC) from the property owner.
Utility bills of the registered office.
3. Benefits of Registering a Private Limited Company:
Limited Liability: Personal assets are protected.
Separate Legal Entity: Distinct from its owners.
Perpetual Succession: Continuity even with changes in ownership.
Easy Transferability: Shares can be transferred.
Access to Funding: Easier to raise capital.
Credibility and Trust: Enhances business reputation.
4. FAQs: Registering a Private Limited Company:
What is the cost of registering a private limited company in India?
Prices vary based on services, starting from INR 10,000.
How long does it take to write a private limited company?
It usually takes 10-15 days.
Is it possible for a foreign national to serve as a director in a private limited company?
Yes, with certain conditions.
Is a physical office necessary for registration?
Yes, a registered office is required.
What is the minimum capital requirement?
There is no minimum capital requirement.
How often are annual filings required?
Annual filings are required once a year.
Can a private limited company issue shares?
Yes, shares can be issued to raise capital.
Are there tax benefits for private limited companies?
Yes, there are tax advantages.
Can a private limited company be converted to a public company?
Yes, with regulatory approvals.
What is the role of a director in a private limited company?
Directors manage the company's affairs.
Is it mandatory to have a company secretary?
It's not compulsory but recommended.
How can I change the company's registered office?
By submitting the required forms to the Registrar of Companies (RoC)
What is the penalty for non-compliance?
Penalties vary; timely compliance is crucial.
Can a private limited company engage in multiple businesses?
Yes, it can conduct various activities.
Is GST registration mandatory?
If turnover exceeds the threshold, GST registration is compulsory.
Related Articles:
Guide to Indian Private Limited Company for Foreigners
Shares Transfer Procedure for Private Limited Company
Annual Compliance for Private Limited Company in India
Advantages of a Private Limited Company
Conversion of LLP into Private Limited Company
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Are you looking for private limited company registration services?
Private Limited Company registration refers to the process of legally incorporating a private limited company as per the laws and regulations of a specific country. A private limited company is a business structure that limits the liability of its shareholders, and it is an entity separate from its owners. It's essential to follow the specific laws and guidelines of the country where you want to register the private limited company.
The process can sometimes involve additional steps or specific requirements depending on the jurisdiction. To ensure compliance and avoid any legal complications, it's recommended to consult with a legal or financial professional experienced in company registration processes. Register your private limited company online in India with eFilingCompany. We offer private limited company registration services for startups and MSMEs. From registration to legitimization to company compliance, we have got you covered. We are ISO certified and offer all kinds of license certifications. Contact us to register your Pvt Ltd Company.
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To register a company in Mumbai, India, you need to follow these steps:
Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed directors of the company.
Obtain the name approval from the Ministry of Corporate Affairs (MCA) through the RUN (Reserve Unique Name) facility.
Prepare and file the incorporation documents, such as Memorandum of Association (MOA) and Articles of Association (AOA) with the MCA.
Obtain the Certificate of Incorporation (COI) from the Registrar of Companies (ROC).
Apply for the Permanent Account Number (PAN) and Tax Account Number (TAN) with the Income Tax Department.
Register for Goods and Services Tax (GST) with the GST department if applicable.
You can complete these steps online through the MCA portal or get assistance from a professional service provider for company registration. It is recommended to consult with a lawyer or a professional firm for legal compliance and to ensure that all necessary requirements are met during the registration process.
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Private limited company is one of the best ways of starting a business. To register as a private Limited company in India, a minimum of two persons is required, who must act as shareholders or directors of the company.
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