5999 (All Inclusive, may vary as per State)*
Free Professional Consultation
Widely used business structure among Start-Ups
Authorised Share Capital up to Rs.10,00,000/-
Exc. addition of Rs. 1,000 for every increase in director or shareholder
Quick and Fully Online process
Includes COI |MOA |AOA |PAN |TAN |EPF-ESIC (area wise)| 2 Resident's DIN & DSC, SE
Best & Quick future support
Best compliance fees in our ‘All in one’ package
Not includes- additional stamp duty payable in case of selected states (Gujarat, Kerala, MP, Punjab, Rajasthan)
Free MSME (Udyam) Registration worth Rs 999
RUN stand for Reserve Unique Name, two different company name can be filed two times by this form and name can be reserved for maximum 20 days.
Digital Signatures have to be used to sign company formation application digitally and required for each unique director and shareholder.
These documents includes some ID, Address and Other docs as per Companies Act 2013.
SPICE stands for simplified proforma to incorporate company electronically. This integrated form includes all details related to proposed company.
Certificate of incorporation is a final document of proof that company has been registered. This contains a CIN, PAN & TAN of new company.
Opening of bank a/c to deposit share capital by shareholders and after that filing of mandatory form INC-20A (commencement of buisness) with 6months of INC
Photograph of Director & Shareholder
PAN of Director & Shareholder
ID Proof- Aadhar and Votor ID/Passport/Driving License
Address Proof- Telephone-Mobile Bill /Electricity Bill/ Bank Account Statement/PNG Gas Bill (not older than 2 months)
Lease Agreement or NOC from owner
Any Utility Bill like Electricity, Telephone, Gas or Water
DIN of Directors & DSCs of all the Directors & Shareholders.
Certificate of Incorporation of the Company
Memorandum of Association (MoA) & Articles of Association (AoA)
PAN & TAN of the Company
Bank Account Assistance
EPF-ESIC (Labour Identification Number) if covered in your area
Ans. Business structure of private limited company is widely used, can be formed easily and also can get manage with limited compliance requirment. One of the business structure which is getting chosen by today’s start-ups in India. Shares of Private Limited Company cannot be issued to general public. Company can be formed with minimum 2 number of person who can be your friends and family members.
Ans. Yes, a small, medium or large business can get their business register under private limited company. It provides them with the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. This is one of the widely accepted business form among start-ups in India.
Ans. No. There is no requirement of professional or educational qualification, to become a shareholder or director in the private limited company. Any individual person with a sound mind, can easily start a company. Foreign Individuals can also be shareholder or director in a company. However; a valid ID & Address proof will be required to become a director.
Ans. DIN is an 8-digit unique number id which is getting issued at the time of registration of company. An individual can only have a one unique DIN at a time. DSC stands for Digital Signature Certificate which is getting used to sign company form digitally and also can be used online for different purpose like Income tax, DGFT, GST etc.
Ans. The registered office is generally used for the purpose of holding meetings and receiving statutory correspondence from registrar. It also specifies the state of jurisdiction of the registered office and general public can see it online easily. You can also choose your residential address as registered office address and can choose a another adress for corporate office for doing buisness.
Ans. Yes, we can easily change the registered office of the company within the same city or same state limit but if you want to change company’s registered office in other state then It will be a lengthy and costly process. So choose registered office address carefully while getting form a company.
Ans. No, you have to form a separate private limited company and can start your business in company by closing the same from your proprietorship firm. That is not possible due to different business structure and tax applicability.
Ans. Yes, as per companies act 2013, any foreigner, entity or an NRI can become a director or shareholder of a private limited company in India provided there must be a resident director in the company. Foreigner's valid Director Identification Number (DIN and DSC) will be required to get appoint as a director.
Ans. Now a days, with initiative of ease of doing business by Government of India, a private company can be registered by single linked form 'Spice+' within 2-3 working days of providing all documents.
Ans. There is NO minimum capital prescribed in companies act 2013, but we will suggest an initial paid up share capital of Rs 1 Lacs to start a company because without investing some funds, a business is not possible.
Ans. No, a private limited Company cannot invite the general public to subscribe to the company shares. As the name suggest 'Private' only company's shareholder can invest in it, company cannot give a advertisement for fund raising through general public.
Ans. A private limited company needs a minimum of 2 directors that can go upto a maximum of 15 directors and required minimum of 2 shareholders.
Ans. Private company is mostly preferred for the business in India. Private limited company is easy to raise funds through FDI or any other mode. These types of companies have greater flexibility and limited liability.The private limited companies have been a hugely popular form of start-ups, foreign investors can invest direct investment (subject to FDI regulations).
Ans. There is many relaxation given to domestic private limited company in India in Income Tax Act. Final profit of company generally get taxable @ 25% (surcharge extra) if company's turnover is upto Rs. 250 Crores or else 30%. New relaxed rate of 22% has been introduced by Section 115BAA with effect from FY 19-20 by not availing the certain exemptions under income tax act.
Ans. Yes, a low income tax rate of 15% (surcharge and cess extra) has been introduced by section 115BAB of income tax act with effect from FY 2019-20 and applicable to companies registered after 1st Oct 2019, also commenced manufacturing on or before 1st Oct 2023.
Ans. Around 2 to 5 working days subject to govt approvals and providing all documents.
Ans. A private limited company have to get done Statutory Audit every year from a practicing CA and get file annual filing forms namely MGT-7 (annual return) & AOC-4 (financial statement) with ROC and Income tax return (ITR-6) to be filed with income tax department annually. Forms are compulsory to file with ROC/IT Department whether you have any business or not in any year.
Ans. You can choose to register private limited company if you are thinking to raise funds from investers or outside India and hoping for a great business growth in coming future. We will also advise to go for it because of registration with Ministry of Corporate Affairs, widely recognized by public, widely known among start-ups and lower cost and formation time.
Ans. Yes, fees given is all inclusive fees that include registration with 10 lacs of authorised share capital with 2 Director cum Shareholder but excludes excess state govt. stamp duty payable in case of selected states of Gujarat, Kerala, MP, Punjab, Rajasthan. This extra amount will charged from customer on actual basis.
Steps
Required Documents
Final Deliverables
FAQs