Introduction

Starting a Private Limited Company (Pvt Ltd) in India is one of the most popular ways to structure a business. This type of company offers limited liability protection, credibility, fundraising opportunities, and long-term stability. However, company registration involves multiple legal steps, documentation, and compliance requirements.

This guide provides a detailed, step-by-step process for registering a Private Limited Company in India, including costs, required documents, and timelines.

1. Key Features of a Private Limited Company

Before starting the registration process, it is essential to understand the main features of a Pvt Ltd Company:
✅ Separate Legal Entity: The company is independent of its owners.
✅ Limited Liability: Shareholders’ risk is limited to their investment.
✅ Perpetual Succession: The company continues to exist even if ownership changes.
✅ Easy Fundraising: Can raise funds through equity shares, loans, or venture capital.

2. Eligibility Criteria to Register a Private Limited Company

To register a Private Limited Company, the following conditions must be met:

• Minimum 2 directors (at least one must be a resident of India).
• Minimum 2 shareholders (directors can also be shareholders).
• Unique company name that is not identical to any existing business.
• Minimum capital contribution: No mandatory minimum capital requirement.
• Registered office address (residential or commercial).

3. Step-by-Step Process for Private Limited Company Registration

Step 1: Obtain Digital Signature Certificate (DSC)

• Why is it needed? All registration forms must be signed digitally.
• Who needs a DSC? Directors and shareholders.
• How to apply? Through government-authorized certifying agencies.

Step 2: Apply for Director Identification Number (DIN)

• Every director must obtain a DIN from the Ministry of Corporate Affairs (MCA).
• DIN can be applied through SPICe+ Form during registration.

Step 3: Name Approval via RUN (Reserve Unique Name) Service

• Choose a unique company name and apply through the MCA portal.
• The name must comply with Companies Act, 2013 guidelines.
• MCA approves or rejects the name within 2-3 working days.

Step 4: File SPICe+ Form for Company Registration

The SPICe+ (Simplified Proforma for Incorporating Company Electronically) is the main registration form. It includes:
✔ Name approval
✔ Director details (DIN)
✔ PAN & TAN registration
✔ GST registration (optional)

Step 5: Draft Memorandum and Articles of Association

• Memorandum of Association (MoA): Defines company objectives.
• Articles of Association (AoA): Defines rules for company operations.

Step 6: Payment of Registration Fees and Stamp Duty

• The registration fee varies based on company capital and state of incorporation.
• Stamp duty is also applicable and differs by state.

Step 7: Certificate of Incorporation (COI) Issued by MCA

• Once documents are verified, the Registrar of Companies (ROC) issues a Certificate of Incorporation.
• The COI contains the Corporate Identification Number (CIN).

Step 8: Apply for PAN, TAN, and Bank Account

• Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) are mandatory for tax purposes.
• Open a business bank account in the company’s name.

4. Timeline and Cost for Private Limited Company Registration

• Time Required: Typically 7-10 working days if all documents are in order.
• Registration Fees: Varies based on authorized capital (starting from ₹7,000 – ₹10,000).

5. Post-Registration Compliance for Private Limited Companies

Once registered, a Pvt Ltd Company must comply with legal formalities:
📌 Annual ROC Filings (AOC-4, MGT-7)
📌 Income Tax Return (ITR) Filing
📌 GST Registration & Filings (if applicable)
📌 Auditor Appointment within 30 days

Failure to comply can result in penalties and legal consequences.

6. Why Choose ASK ASSOCIATES for Pvt Ltd Registration?

✅ Expert Guidance – Hassle-free registration by legal professionals.
✅ Fast Processing – Quick approval with proper documentation.
✅ Affordable Pricing – Transparent fee structure.
✅ Post-Incorporation Support – Compliance assistance for ROC filings, GST, and tax returns.

Get your Private Limited Company registered with ASK ASSOCIATES today! Contact us for a free consultation.