Why Private Limited Company is better choice for you?
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.
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
Pre-requisite for Company Incorporation
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
Documents Requirement for PLC
Below Documents for all proposed Directors / Shareholders
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)
Our Service Coverage
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)
Company Registration Procedure in India
Easy & Hassle free online process
Documentation & Finalise Name
First we collect documents and then send you few papers for your signature on email. Then we collect scan copy of Signed Papers from you on email. Side by side we finalise 2 proposed name of company #We can complete this in day 1
Meanwhile we apply for Digital Signatures of all directors/shareholders. #We can complete this in day 1
In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA.
Generally ROC approve incorporation application in 1-2 days. Once your application approved, you will get certificate, PAN, TAN etc.
Our Professional Fees & Expenses
Pvt. Ltd. Company Incorporation - Professional Fee
Company Incorporation Certificate + MOA & AOA + PAN/TAN + EPF & ESIC Regn + Assist in Bank A/c Opening
Pvt. Ltd. Company Incorporation with Startup India Recognition - Professional Fee
Company Incorporation Certificate + MOA & AOA + PAN/TAN + EPF & ESIC Regn + Assist in Bank A/c Opening + StartupIndia Recognition