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Start-up Private Limited Company

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.

₹ 15000 /-

excl of GST  

What is Private Limited Company?

Private ownership and limited liability define a Private Limited Company's organizational structure. In this arrangement, shares are not sold publicly and ownership is limited to a particular set of people or institutions.

Limited liability protects shareholders' personal assets from business debt. The firm can enter into contracts and withstand changes in ownership because it is a distinct legal entity.

Compared to public corporations, private limited companies frequently choose to operate with a more low-key operating profile and with less regulatory disclosure requirements.

These corporations are a well-liked option for organizations looking for a structured but privately held corporate entity because they offer a balance between restricted liability, operational flexibility, and perpetual succession.

Types of Private Limited Companies

  1. Company Limited by Shares

    • Most common type.
    • Shareholders' liability is limited to the value of their shares.
    • Profit distribution through dividends.

  2. Company Limited by Guarantee

    • No share capital; members contribute a predetermined amount.
    • Common for non-profit organizations.
    • Liability limited to the guarantee amount.

  3. Unlimited Company

    • No limit on members' liability.
    • Typically chosen by smaller businesses.
    • Greater financial flexibility.

Why We Need to Register as a Private Limited Company?

For business owners and entrepreneurs, registering a private limited company has several important benefits. First of all, it offers a strong framework for limited liability that shields private assets from obligations incurred by the corporation.

Customers, partners, and investors will feel more confident with this legal structure's increased legitimacy. A Private Limited Company can engage into agreements, buy assets, and withstand ownership changes with ease because it is a distinct legal entity.
Moreover, it provides permanent succession, guaranteeing corporate continuity even in the event of leadership changes. Registering additionally offers access to financial opportunities, including the issuance of shares and simpler financing.

Registering a Private Limited Company creates a reliable, acknowledged, and adaptable base that encourages the expansion and long-term sustainability of enterprises.

Advantages of Registering as a Private Limited Company

Registering a private limited company offers various advantages, and here are four main benefits:

Documents Required for Private Limited Company Registration in India

Are you planning to register a private limited company in India? To ensure a smooth registration procedure, make sure you have the following essential documents ready:
PAN Card
Aadhar Card and Voter ID / Passport / Driving License.
Identity Proof
Director’s Address Proof of Shareholders and Directors.
Address Proof
Latest Passport size photograph of Shareholders and Directors.
Passport Size Photograph
Latest Electricity Bill / Telephone Bill of the registered office address.
Business Address Proofs
Latest Electricity Bill / Telephone Bill of the registered office address.
NOC (No Objection Certificate)
NOC obtained from the owner(s) of the registered office.
Rental Agreement:
Rental agreement of a Rented office
NRI Documents:
For Foreign nationals or NRIs.
These documents, which are subject to verification by the appropriate authorities, are essential for the registration of private limited companies. To ensure a seamless registration procedure, make sure all
documentation is current and up to date.

Checklist for Private Limited Company Registration

Start your Private Limited Company (Pvt Ltd) Registration process online at the Reasonable Price.
Unique Name
The business name should be distinctive both phonetically and spelling-wise. 
It should not be identical to any registered or pending trademark.
Ensure it doesn't infringe the Copyrights Act, Indian Trade Mark Laws, or violate any other intellectual property laws in India.
Minimum 2 Directors
Private Limited Company Registration requires a minimum of two shareholders and two directors.
Foreign shareholders' documentation needs to be notarized and apostilled.
During incorporation, only 3 Directors without a DIN (Director Identification Number) are authorized. Post-incorporation, up to 15 more directors may be appointed.
Registered Office Address
If incorporating in a rented property, obtain landlord permission, a No Objection Letter, and a business-named rental agreement.
The new firm must lease property from directors and shareholders.
Be aware that state stamp duty can impact incorporation fees
Capital Requirement
Clearly understand the capital requirement for your business.
Determine the capital structure, including the number and types of shares (e.g., ordinary shares, preference shares) to be issued.
Business Objective of the Company
Maintain a strong financial position by managing cash flow effectively, controlling debt, and making prudent financial decisions.
Obtain DIN for directors and DSC for digital authentication of documents.
Draft the MOA and AOA, which outline the company's objectives, rules, and regulations. These documents are essential for private limited company registration.

Filings for Private Limited Company

  • Incorporation Documents
    The company must file its incorporation documents with the appropriate regulatory bodies. These documents include the articles of association, memorandum of association, and other required documents.
  • Registration and Obtaining Certificate of incorporations:
    Upon submitting the required paperwork, the business usually receives a Certificate of Incorporation attesting to its legal status as a private limited company. This process is known as registration.
  • Allotment of Shares and Statutory records:
    The business is required to keep control of and maintain records of its directors, members, and other individuals. A continuous compliance requirement is the submission of these registers.
  • Annual Returns:
    Regulatory bodies typically demand private limited corporations to submit annual returns on a yearly basis. Updated information on the firm, including its registered office address, directors, shareholders, and financial statements, is included in these returns.
  • Financial Statements:
    As part of their yearly filings, businesses are required to compile and submit financial statements, including cash flow statements, balance sheets, and profit and loss accounts.
  • Income Tax Returns:
    Businesses must file income tax returns, outlining their taxable income and paying any relevant taxes. This is a standard prerequisite for compliance.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:

As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.

2. Certificates of Compliance:

These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.

3. Modifications to the Company Structure:

Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.

4. Event-Based Filings:

When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Closure for Private Limited Company

The most common types of closure for a private limited company are voluntary winding up and
compulsory winding up.

Procedure for Voluntary winding up a Company:

1. Initiation:

The company's board of directors and stockholders make the internal decision to wind up the business voluntarily.

2. Resolution:

To start the process, the shareholders must pass a special resolution expressing their desire to wind up the business voluntarily.

3. Declaratory Statement of Solvency:

The directors are required to declare the company's ability to pay off its debts in full within a given time frame.

4. Liquidator Appointment:

The business designates a liquidator, who then oversees the winding-up process.

5. Notification to Creditors and Publication:

Information about the voluntary winding-up is published in the public domain and creditors are notified.

6. Registrar of Companies (RoC) filing:

The statement of solvency, the special resolution, and the liquidator's details are among the documents that are filed with the RoC.

7. Process of Liquidation:

The liquidator seizes possession of the business's assets, pays off its debts, and gives shareholders any leftover cash or assets.

8. Final Meeting and Dissolution:

Following a final meeting, a resolution for dissolution is passed if the shareholders are satisfied. After the corporation receives a certificate of dissolution from the RoC, it becomes officially closed.

Procedure for Compulsory Winding Up a Company:

1. Initiation:

In most cases, third parties such as creditors, law enforcement, or the business itself in specific situations start the process of compulsory winding up.

2. Court Petition:

The first step in the process is for the interested party to file a winding-up petition with the court, asking for an order directing the closure by force.

3. Hearing in Court:

The court considers the grounds for winding up, hosts hearings, and reviews the petition. It issues a winding-up order if it is satisfied.

4. Designation of Official Liquidator:

To manage the winding-up procedure, the court designates an official liquidator or a liquidation firm.

5. Notice to Creditors and Asset Freezing:

The official liquidator starts the debt settlement procedure by notifying creditors and freezing corporate assets.

6. Sale of Assets and Settlement:

The liquidation process is overseen by the court and involves the sale of assets and the settlement of debts.

7. Final Report to Court:

After the official liquidator submits a report to the court, the court issues an order dissolving the firm if it is satisfied.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Why SHR for Your Private Limited Registration?

Choosing the right partner for your private limited company registration is a pivotal step towards yourbusiness success. Here’s why SHR stands out as the ideal choice:

Expertise You Can Trust
SHR boasts a team of seasoned professionals with a wealth of experience in private limited company registration.
 Personalized Approach:
We understand that every business is unique. SHR offers a personalized approach tailored to your specific needs and aspirations.
Transparent Communication:
Transparency is at the core of our values. Clear communication, updates, and a client-centric approach are integral to our service.
Compliance Assurance:
Compliance is non-negotiable. SHR takes pride in ensuring that your private limited company registration adheres to all regulatory requirements.

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