Limited Liability Partnership registration includes government fees and stamp duty. Incorporation kit.
It is easy to set up your private limited liability company online. We offer all-inclusive plans to incorporate the business, and there aren't any hidden costs. Get a free consultation now!
Registering for a private limited company is easy and cost-effective using Dobizindia Business Solution Pvt. Ltd. at the most affordable cost. With all our packages, you receive the DSC for two directors, the allotment of DIN, a name search, and the top draft of the object. Our company secretaries and paralegals complete all the work from beginning to end, including filing the Spice Plus form together with the ROC, and then follow up on that ROC until the release of the registration certificate.
You may want to create a private limited company. You're in the right spot. This article will discuss how a private limited company is incorporated in India quickly, efficiently, and within the shortest time possible. You might be aware that it is a private limited company and is the most frequently used option for entrepreneurs because of its flexible structure, robust regulatory framework, and venture financing. But first, let's look at the definition of "private limited company! The private limited company is registered under the Companies Act, 2013. The term "private," as simple as it can be, means that the shares aren't offered on a public platform or sold to members of the public at large. The word "limited" conveys that shareholders are protected from liability that is limited to the business and limited to the unpaid capital of their shares.
There are many advantages to registering a private limited company over other kinds of business organizations. The company is not just cost-effective and easy to form. But it also has the credibility of a legally formed company for potential investors, customers, and other stakeholders. Here are a few advantages:
Limit Liability:- The liability of shareholders is limited to the amount they signed up for. Attractive to investors:- Investors are attracted to funding due to the accessibility of public records on ROC. The preferred format for banks and FIs:- Legal reliability and potential for growth make an organization a better choice to fund. Easy to incorporate:- Incorporation is entirely online, simple to complete, and can be completed in just a couple of days. The low-income tax:- Companies benefit from lower tax rates compared to other types of businesses. Perpetual Existence:- The company exists beyond the lifetime of its shareholders until it is shut down.
A one-person business is a legal entity that can be dissolved in compliance with the Companies Act of 2013, the law that gave rise to it. We must first decide whether an OPC is active or has been inactive for a long time before we can close it off. Based on this, we can further decide on the method of closure.
| Closure of an Inactive OPC (Striking-off by ROC) | Closure of an Active Company (Winding Up by NCLT) |
|---|---|
| To close an OPC that has been inactive for a prolonged period since incorporation or for the last few financial years, an application can be filed with the ROC in form STK-2. Affidavits attesting to the OPC's inactivity and indemnity bonds admitting responsibility for paying all debts incurred after the OPC has been struck off must be submitted by the directors with the application. Prior to submitting STK-2, confirm that the OPC has not conducted any significant business transactions in the last year. has no assets or liabilities has closed its current bank account. | An active company is one that is actively carrying out business operations, conducting business transactions, and having assets and liabilities. An appeal for winding up must be lodged with the NCLT in order to dissolve such a firm. The process is complicated and challenging to complete without professional assistance. So, contact our startup advisors to avail end-to-end services for company closure at the most affordable prices. |
The 2013 Companies Act's provisions apply to the company, which is a legitimate creation. To ensure transparency and governance and to protect the interests of all the stakeholders, such as the ROC, shareholders, directors, investors, and tax departments, there are a few compliances and related filings that have to be completed within their due dates. We help in meeting all the required compliances within their due dates with ease. The prescribed compliances may be categorized into the following four types: We are explaining one-time compliance here. For details on regular, event-based, and annual compliances, you can talk to our expert startup advisors.
Immediately after a private limited company is incorporated, it has to fulfill certain statutory compliances prescribed by the Companies Act and obtain local registrations based on the place where the company is registered. Following is the list of compliances with their due dates. Our startup advisors are available for detailed discussions.
| S.No | Name of Compliance | Due Date |
|---|---|---|
| 1. | Appointment of the First Auditor | Within 30 Days of Incorporation |
| 2. | Issue of a Share Certificate | Within 60 Days of Incorporation |
| 3. | Stamp Duty Payment on Share Certificate | Within 30 days of certificate issue |
| 4. | Filing of INC-20A (Declaration for Business Commencement) A company cannot start its operations unless and until this declaration is filed with the ROC in the prescribed form, INC-20A, within 180 days of incorporation. You have to take the following steps before filing INC-20A: The company maintains a registered address. The details of the registered office are filed with the ROC. The current bank account for the company has been opened. The entire subscribed capital is received from all the shareholders | Within 180 days of incorporation |
Local/State Level Compliance: There are a few state-level or municipality-level registrations or enrollments that may be applicable to any company starting a business in a specific state or within the jurisdiction of a particular municipal corporation. While we strongly recommend you contact us for a detailed overview of the applicable compliance, an indicative list is as follows:
| S.No | Registration/Enrolment Name | Due Date |
|---|---|---|
| 1. | Shops and Establishment Act (with Labour Department) | Within 30 Days of Incorporation |
| 2. | Deposit of Professional Tax (applicable in some states) | Within 30 days of incorporation |
| 3. | Trade License (based on nature of business) | Within 30 days of incorporation |
| 4. | Registration under the Labor Welfare Fund (LWF) | Varies from state to state. |
| 5. | Activity-Based Licence FSSAI Registration FSSAI Licence Drug Licence PSARA Licence APEDA (RCMC) | Prior to Starting Activities |
| 6. | MSME Registration | ASAP |
Essential documents for promoters, as well as registration office-related documents, are filed together alongside a Spice+ Form. When we receive original copies of the list below, we will prepare the directors' consent and the other documents. Promoters Document:-
Address Documentation: (any one document)
Identity Documentation: (any one document)
Evidence of Premises: (Docs of Registered Office)
Questionnaire for Company Registration:-
The benefits of a privately owned business are that owners have limited liability and transferable shares. It also provides a perpetual succession plan for the company following the death or removal of shareholders. The separation between management and ownership and the financial and legal identity of the business are separate from those of its shareholders.
DSC, also known as digital signature certificates, is a digitally encrypted signature form required to sign online forms, such as the application form for company registration. You can get it by submitting an application form to one of the certifying agencies that the Ministry of Corporate Affairs authorizes to provide DSCs. To get these certificates, applicants can fill out an Aadhar KYC or a PAN-based application form.
You could apply for a DSC through either the Aadhar KYC or PAN-based applications. In the case of an application based on Aadhar KYC, there is no need to provide any more documents besides the passport-sized colored photo and a scanned copy of your signature. In an application based on PAN, you must provide a self-attested copy of your PAN card along with your proof of identity (Aadhar, Driving License, Passport, or Voter ID) and identification of your registered address, not more than 2 months older (Telephone bill, electricity bill, water bill, gas bill, or statements from banks).
A DSC (digital signature certificate) is a digitally encrypted form of signature required to sign various online forms, such as company registration forms. It is obtained by submitting an application form to one of the certifying agencies licensed through the Ministry of Corporate Affairs to provide DSCs. To get these certificates, applicants can submit an Aadhar KYC-based or PAN-based application form.
A DIN is the identification number assigned to the director of the business by the Ministry of Corporate Affairs. A company cannot nominate any person as a director without the DIN. Directors who are the first or current directors of the business must have DINs before Pvt. Limited Company registration since their DINs must be entered on the SPICe+ form. If the company plans to appoint new directors who don't have DINs, they may apply for one via the Part B section of the form. Applications for DIN through Part B are restricted to three directors.
Checklist for the Company Registration
The name of the company is crucial when it comes to incorporation and is a significant factor in the general branding strategy of the business. The principle guiding the company's name approval process is that its name must not be the same as or comparable to an existing business or trademark. Besides, the name must not violate public policy or the name and emblem laws. Startups are assisted in conducting research and writing the primary object that will be a part of the MOA. Get our help for confirmation that the company's name is in business. List of what isn't allowed as a name for a business: Section 4 of the Companies Act, 2013 and Rule 8 of the Company Incorporation Rules are relevant laws to determine the best name to incorporate the company. We have prepared a concise list of what's not permitted. The list below
The process starts with paperwork and ends with the issuance of a certificate of incorporation by the ROC. Our expert team of professionals and experts can guide and support you through every step of incorporation. Relax and enjoy the process. Relax when the team at Dobizindia Business Solution Pvt. Ltd. is working for you! These are the steps needed to incorporate a business in India.
The private limited company is the most commonly used option to start a new business in India. It comes with a host of advantages over other kinds of business organizations. In the following table, we've examined the characteristics of a private limited company. With other types of business entities to provide a thorough and complete analysis for better understanding.
| Details | Private limited company | Public limited company | LLP |
|---|---|---|---|
| Minimum Capital | No limit is prescribed. | Rs. 5 lakhs, up to no upper limit | There is no limit to the amount that can be prescribed. |
| Members | Minimum 2, maximum limit 200 | Minimum 7, no maximum limit | Minimum 2, no maximum limit |
| Minimum Directors | 2–15 directors | 3–15 Directors | Two to fifteen designated partners |
| Compliance | File ITR Return and ROC + Audit | Too many compliance | Just ITR Return and ROC |
| The suffix is at the end of the title. | Private limited company | Limited Company | LLP |
Documentation, The primary documents of the director and the Proof of Registered Address Office are required. We have included a complete list of documents in each section.
Name and Address of the Company The company must be registered with a brand new and unique name. The second step is to determine the proper name for the business. It is possible to apply for a RUN application for the identical
Drafting the MOA and AOA The MOA is the document that defines the constitution of the business. The AOA and the internal rules are the most crucial documents to be filed with the application for company registration
Filing the Spice Plus Form To incorporate the business, it is necessary to fill out the SPICe+ form. The SPICe+ form is submitted with the ROC alongside the MOA, AOA, and primary documents of the promoters, as well as an address for registration.
Incorporation Certificate After approval of the Spice Plus form by the ROC, a digital certificate of incorporation can be obtained by the ROC with the company's CIN PAN, TAN, and CIN Number.
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
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