Private Limited Company
Startup/Investor Friendly- 1 Digital Signature
- 2 Share Holder
- 1 PAN Card
- 1 TAN Card
- 1 MOA + 1 AOA
- GST (Optional)
What You Will Get
DIN for 2 Directors
MOA + AOA
Customized Incorporation Master File
Digital Signature Token for 2 Promoters
Incorporation Certificate
Company PAN Card
Company Name Approval
Company TAN/TDS Number
Documents Required
Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving
Premises
Rent agreement – NOC
Electricity bill
Directors
Photos of directors
Aadhar card
Pan card
Specimen signature
Self-declaration about the directorship
Benefits
EASY TO ATTRACT EMPLOYEES
For startups putting together a team and keeping them for long time is a challenge,
INVESTOR FRIENDLY
Investors prefer to invest in pvt ltd companies because of their transparency.
EASY TO RAISE FUND AND LOANS
Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
MARKET GOODWILL
A pvt ltd company enjoys goodwill in the market. This is important when dealing with suppliers, clients, general public etc.
Company Registration Cost
Our pricing is 100% transparent
Private Limited Company is the most popular legal business entity in India; recommended for start-ups and growing businesses with easy funding, credibility and tax regulatory advantages.
| Company Name Search | Free |
| Consultancy on Registration and Name Availability | Free |
| 2 DSC’s | 2,000.00 |
| Government Fees | 1,300.00 |
| Stamp Duty | 1,510.00 |
| Documents Notarization Cost | 500.00 |
| PAN and TAN Fees | 170.00 |
| Professional Fees | 3,830.00 |
| Goods & Service Tax | 689.00 |
| Total Cost | 9,999.00 |
How long does it take?
5 days
DAY 1
Digital Signature Certificate
1 Working Day
DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).
DAY 2
Director Identification Number
1 Working Day
ODIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director’s information in a database. MCA (Ministry of Corporate Affairs) allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.
DAY 3
Name Approval
1 Working Day
Once we obtain the DIN and DSC of the directors, a list of minimum one or maximum 2 Proposed names of the company in preferential order will be submitted to MCA (Ministry of Corporate Affairs) for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business and end with the words ‘Private Limited’ in order to avoid the rejection. We get your company name approved subject to availability and naming guidelines.
DAY 4
Incorporation Documents
1 Working Day
After taking name approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. Simultaneously, we will apply for PAN and TAN of your company.
DAY 5
Company Incorporated
Note:
The given timeline is based on the average time it takes a client to complete the service when all the documents are submitted and the Government platform is working seamlessly. The given timeline days is subject to change from client to client based on various factors.
Frequently Asked Questions
What are the most popular forms of business entities in India?
- Private Limited Company
By virtue of section 2(68) of the Companies Act, 2013, Private Limited Company is a type of company which offers limited liability with certain restrictions defined in regulations:
- restricts the right to transfer shares
- Limits the numbers of its members to 200
- Prohibits any invitation to the public to subscribe for any shares in, are debentures of the company(No Public Trading of Shares)
- Prohibits any invitation or acceptance of deposits from persons other than its member
- The word ‘Private Limited’ must be added at the end of its name
- One Person Company
One Person Company popularly known as OPC introduced in India under the Companies Act, 2013. The concept of OPC is a fusion of sole proprietorship and private company which intends to permit single economic entrepreneurship to take the advantages of a corporate form of organisation.
- Limited Liability Partnership
Limited Liability Partnership is a corporate entity registered under Limited Liability Partnership Act, 2008. It is a form of partnership firm that enjoys limited liability. It is a hybrid form of a partnership that includes the features of a company. Compliances for a company are applicable to LLP.
Does one have to present physically to incorporate a business entity?
No, the whole incorporation process is online. You can send the scanned copy of all the required incorporation documents via e-mail. All the forms and documents are filed electronically and even signed digitally.
How to choose a name for a business entity to avoid rejection?
The company name should be selected with utmost care. The rules for selecting a company are:
- The name should be ended with the words “Private Limited” in case of private company, “OPC” in case of one person company and “LLP” in case of limited liability partnership which is mandated by law.
- The name must be unique.
- Follow the naming guidelines for better chances of approval.
- The name should be suggestive of the main objectives to be taken by the business entity.
What are the mandatory compliances after the incorporation of a business entity?
- Private Limited Company
- Appointment of auditor
- Statutory audit of accounts
- Filing of annual return
- Filing of financial statements
- Holding Annual General Meeting (AGM)
- Prepare directors’ report
- Filing of income tax return
- One Person Company
- Appointment of statutory auditor
- Holding Board Meetings (BM)
- Filing of financial statements
- Filing of annual return
- Limited Liability Partnership
- Filing of financial statements
- Filing of annual return
- Filing of income tax return
- Appointment of auditor
- Filing of LLP annual return
Can a business entity register on the residential address?
You don’t need a proper office to incorporate a business entity. You can register your residential address as a registered place of your business with MCA for which some address proof along with the NOC (No Objection Certificate) has to be filed with the prescribed form.
Can an NRI allow to incorporate a business entity in India?
NRIs only allowed to incorporate limited business entities in India including private limited company and limited liability partnership. Also, there is no requirement to obtain the prior approval from the government or RBI. But, in order to register a private company or an LLP at least one director/partner must be a resident of India. However, the private limited company is ideal for NRIs.
Which business entity is the most suitable for start-ups and why?
In order to execute the idea into a long-term business, choosing the right form of business is important. For start-ups, Private Limited Company is the best option for the following reasons:
- Limited legal compliances
- No minimum capital contribution
- Need only 2 directors and shareholders (both can be the same person)
- Funding can be raised
- Limited liability of the members
What is the minimum investment required to start a business entity in India?
As per the relevant Act, there is no minimum requirement for Paid-up Share capital or contribution to incorporate a private company, one person company or limited liability partnership. However, each shareholder/partner should subscribe to a minimum one share of Rs.10 face value.
Location
Office No. T-4, S-521/522, 3rd Floor Moon House Building, Laxmi Nagar, Delhi, 110092
Contact Us
+91-7050056056
support@licitwink.in