Incorporation of Private Limited Company in India

Best option if your business is Startup and Medium size and vision to expand
Ideal if your business is Startup and Medium size

A Private Limited Company (PLC) is the most popular form of formal business to start in India. PLC is regulated by MCA ( Ministry of Corporate Affair) and Registered with Registrar of Companies of the proposed company’s registration state. Mostly, Startups are formed in PLC type of corporate entity because it can raise fund by issuing shares to investors, Procures bank credits and establishes authenticity of your business. A private Limited Company can be easily converted into a Public Limited Company in case of expansion OR can be converted into Limited Liability Partnership to reduce burden of ROC compliances.

• Minimum 2 Directors & Shareholders ( share subscribers) require
• Maximum 15 Director and 200 Shareholders ( members) allowed in PLC
• All Directors Should obtain DIN ( Directors Identification Number)
• A Body corporate can be a shareholder in PLC
• Annual Statutory Audit compulsory by Practicing CA
• Annual ROC Filing Mandatory
• Income Tax rate @ 22% on net profit
• Eligible to apply for Startup Recognition
• Most Ideal form of business to raise external funds from Investors
• Can offer ESOP to its employee
• Separate Legal Entity and Limited Liability

Proposed Company name must be unique. The suggested name should not match or identical with any existing companies or trademarks in India. # We help here to choose name.
All Proposed Directors must have Active DIN
Digital Signature for proposed Directors/Shareholders
Decide Paid-up Share Capital and share % between Shareholders
Decide Authorised Share Capital. ROC Fee & Stamp duty based on Authorised Capital. Low Capital - Less Govt Fee.
Decide Company Registration State and Office address

Below Documents for all proposed Directors / Shareholders

• Photographs
• PAN card Copy
• ID Proof - Driving License / Voter ID / Passport (anyone)
• Address Proof - Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old)
• Email ID and Mobile Numbers
• Aadhar card ( Optional )
• Proposed Company Registered Office Address Proof - Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner
• DIN ( Optional - In case any proposed director already have Active DIN)

After Company incorporation, you will receive below documents -

• Company Certificate of Incorporation
• Memorandum of Association & Article of Association (MOA & AOA)
• PAN Card and TAN Allotment
• EPF & ESI Registration
• Digital Signatures (Class 2)
• Directors Identification Number (DIN)
• Assist in Bank A/c Opening
• Professional Tax Registration ( in Maharastra Only)
• GST Registration (Optional)

Easy & Hassle free online process