Private Ltd Company 2018-03-29T11:50:15+00:00

Why Register a Private Limited Company

Inquiry Form

Definition
Pricing
Inclusive
Documents
Registration
Faq’s

Definition

What is Private limited company?

Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages. Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs can be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed. If you want to start a company in India then make sure your company is registered as Company Registration should be your priority. It is very important to register your company as a registered company have multiple advantages from easy to register to easy to dissolve.

Kou-Chan M3 Wallet services can help you register a private limited company, in relating to company registration in India. We will help you with company formation procedure and new company formations procedure. All the company registration information will be given to you by our experts. The average time taken to complete company formation is about 10 – 15 working days, subject to government processing time and client document submission. Get a free consultation for private limited company registration and business startup by sending a enquiry message to our Customer Support Team and Our Legal Advisor Team will Assist you at the earliest.

Private Limited Company Benefits

  • It is flexible and has limited liability

  • Dual Relationship

  • Free & Easy transferability of shares

  • Capacity to sue and be sued

  • Greater capital contribution and greater stability

  • Borrowing Capacity

  • Possibility to grow big and expand

Pricing Details

Basic

12,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Standard

20,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Professional

30,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

For M3 Customer 10% Discount

Inclusive in Company Registration Package

Documents Required For Company Registration

Identity and Address Proof

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarized copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

Registered Office Proof

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

Identity Proof for Directors & Share Holders

PAN for Indian Nationals. Notarised Passport Copy for Foreign Nationals

Address Proof for Directors & Share Holders

Passport, Driving License, Aadhar Card, Bank Statement or Electricity Bill Two Documents must be Valid and less than 2 months Old

Proof For Registered Office In India

Rental Agreement or Sale Deed, Copy of Electricity Bill, Property Tax Receipt, NOC Letter from Landlord for Use of Premises as Registered Office.

Signed Incorporation Documents

Signed Digital Signature Application Documents in Hard Copy. Other Incorporation Documents Signed and Uploaded as Soft Copy.

Procedure For Company Registration

FAQ’s

Yes, you need a minimum of two directors for a private limited company. The maximum members can be 200. If you are the sole owner, you can register as a One Person Company

Any individual/organization can become the member of the private limited company including foreigners/NRI. However, the individual must 18+ above in terms of age and should have a valid PAN card

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents must be sent via mail. They get the company incorporation certificate from MCA via courier at their business address

There is absolutely no other payment. Our charges are inclusive of everything. We will send you an invoice with no hidden charges. Our team provides you support till you get your bank account

Kou-Chan Services can incorporate a Private Limited Company within 15-25 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process

Yes, an NRI or Foreign National can become a Director in a Private Limited Company. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident

You need to start the company with a minimum capital of Rs. 100,000. However, you neednot pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.

No, you don’t need a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office.

Well, you can get someone from your family or friend circle as the second direction and give them marginal share, e.g, 0.01%. You also have the option to register a One person company, but it will not be possible to add directors in OPC later.

A company is a legal entity and a different person established under the Act. A company is treated as a different person which can own property and have creditors or debts. The members (Shareholders/Directors) of a company will have no liability to creditors of a company in case the company is unable to pay the debts.

Yes, you as a salaried person can become the director in private limited, LLP or OPC private limited company. You need to check your employment agreement if that allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.

No, you can’t convert your LLP into a Private Limited Company as it is not MCA. Both the LLP Act, 2008 and the Companies Act, 2013 don’t have any provisions on conversion of LLP in a private limited company. However, if you want to expand your business you can register a new Private Limited Company with the same name as that of the LLP. The LLP Company just needs to issue a no objection certificate.