Company Registration

The Private Limited Company Registration is the most popular legal structure for starting a business in India.

Package Inclusions –

DSC and DIN for 2 Directors.
Company Name Reservation.
MOA & AOA.
Corporate Identification Number (CIN).
PAN & TAN.
Bank Account Opening Template.

What is Company Registration? How to register a company in India

A private limited company is the most prominent form of business entity in India in comparison to others. According to statistics, almost 93% of company registration in the country is for the private limited company.

It possess advantages such as having a limited liability, ease of creation and winding up, separation of ownership and management, etc.

As a result, startups and growing businesses register a private limited company . It provides their business with a separate corporate entity, eases to raise funds, and an ability to transfer equity to potential investors.

This form of business entity is governed under the Companies Act 2013 and regulated by the Ministry of Corporate Affairs.

Benefits of Private Limited Company Registration

The limited risk to personal assets

In case of loss made by the company, only the investments made in the company are lost, and the private assets of the members will not be confiscated.
Separate legal Entity

A private limited company is a separate legal entity in itself. It is considered as an artificial person. It possess the right to sue and be sued by others in its capacity.
Brand value

Information about the registration of Private limited companies can be obtained from the Ministry of Corporate Affairs website.

As a result, vendors, suppliers, the public tend to trust this form of business over proprietorship or partnership.
Ease of expansion

Owing to the corporate entity structure, it becomes feasible for startups and growing businesses to raise funding from angel investors, venture capitalists, etc.
Continuous existence

The existance of Private Limited Company is separate from the existence of its owners. It will continue to exist even if the present directors and members cease to exist in the future.
Credit availability

The organized structure and regulations of compliances make it easy for private limited companies to raise credit from financial and banking institutions.
Transfer of ownership

It is very easy for a private limited company to issue fresh shares and transfer equity to new members, in addition to the transfer of existing shareholdings and directorship.

Particulars	Private limited Company	Limited Liability Partnership	One Person Company
Recommended For	Early-stage entrepreneurs /Growing businesses	Professional service firms	Small business and owned by a single promoter
Credibility	High	Moderate	Low
Raising Capital	Easy	Moderate	Difficult
Employee stock option	Yes	No	No
Business growth	High	Moderate	Low
Liability	Limited	Limited	Limited
Dividend Tax	Yes	No	No

Minimum Requirements of Company Registration in India

Minimum two directors and maximum 15 (One resident Indian director is mandatory)
Minimum two shareholders and maximum 200
No minimum share capital is required
DIN (Director Identification Number) for all the Directors
DSC (Digital Signature Certificate) for one of the Directors

Documents Required for Company registration in India

From proposed Directors/ Members

In case of Indian national Director or Member (Self-attested)

ID proof -Passport/ Driving License/ Voter ID card/ AADHAAR Card
PAN card of the applicant
Copy of bank statement
Email ID and mobile number

In case the applicant is a foreign national (Self-attested)

Passport (Apostille and Notarized)
Residential proof (Apostille and Notarized)
Email ID and mobile number
Attested copy of VISA (If the applicant is out of the native country).
Attested copy of Resident Permit certificate (If the applicant is in India)

For Registered office

Rent agreement on the name of the company.
Utility bills-telephone, electricity, and municipal (Not older than 90 days).

The Company Registration Process in India

Select a company name
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Name approval
Submission of Final Incorporation form (SPICe) along With MOA & AOA

Step 1: Select a company name

The first step is to finalize a brand name and company legal name in consultation with a professional and check the availability of the name on the Ministry of Corporate Affairs (MCA) website.

Step 2: Digital Signature Certificate (DSC)

All proposed directors of the Private Limited Company must have a digital signature that will be used to file the online Company Registration application.

Moreover, one can use the same DSC for a signing of ROC compliance e-forms, and E-Income Tax returns in the future.

Step 3: Director Identification Number (DIN)

DIN is a unique Director Identification Number which is allotted to every person who intends to become a director in a company.

Application for the allotment of DIN is made in the SPICe form at the time of incorporation.

Step 4: Name approval

For the name approval step, an application is filed in the prescribed Form RUN (Reserve Unique Name) with the Ministry of Corporate Affairs

Step 5: Submission of Final Incorporation form (SPICe) along With MOA & AOA

After name approval, one needs KYC, and other prescribed documents of Directors & Shareholders. After submission of SPICe form to MCA one will get Certificate of registration along with PAN & TAN.

As per the recent amendment, a new form has been introduced named as AGILE (INC-35).This form is accompanied with the SPICe form.

Submission of this form will provide registration of EPFO (Employees Provident Fund Organization), ESIC (Employee State Insurance Corporation) and GST for the company.

Step 6: Bank Account

Open your bank Account and Launch your business.

How Enterslice will Help you to get Online Company Registration

Fill The Form

Get a Callback

Submit Document

Track Progress

Get Deliverables

Final Deliverables from Enterslice

DSC and DIN for 2 Directors
Company Name Reservation
MOA & AOA
Corporate Identification Number (CIN)
PAN & TAN
Bank Account Opening Template

A company may need other License as per the nature of the business in operation.

Frequently Asked Questions about Online Company Registration in India

1. Do I need to be present during the Company Registration process?

Company registration is a 100% online process. No need to present physically to our office or ministry of corporate affairs. We will send our personnel to your home or office for document signature.

2. What is the Articles of Association (AOA) and Memorandum of Association (MOA)?

AOA refers to articles of association which defines the internal constitution of the company, and MOA defines mission, vision, and business object of the company in the long run business.

3. Can I register a Company at the residential address?

Yes. You can use the residential premises for Company registration as well for GST Registration.

4. Do I need to hire a full-time CA/CS?

No. You don't need to hire a full-time CA or CS. We can do all the formalities required for annual compliance on your behalf as we are backed by a team of professionals.

5. How much time is required for registering a private limited company in India?

Usually, we register a company within 7-20 business days.

6. What are the rules for picking a name for a private limited company?

As per the Companies Act 2013, the company name should be unique, and the name should reflect the business object.

7. What documents are required for Private Limited Company Registration in India?

All proposed directors should provide identity proof (like Aadhar/Passport/DL/any other government-issued ID, Utility bills as address proof, a copy, PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.

8. What is a DSC & DIN?

The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number. DIN is allocated along with Certificate of Incorporation through SPICe Form.

9. What is the validity of the Private Limited Company Registration?

A Private Limited Company Registration certificate issued by the registrar of the company shall be valid throughout the life of the company.

10. Can an NRI become a Director in a Company?

NRI can become a director in a Pvt. Ltd. company and there is no requirement of obtaining the prior approval of the government or RBI however at least one director must be a resident of India.

11. What is the minimum investment required to set up a Private Limited Company in India?

For Private Limited Company Registration in India, there is no requirement of minimum Paid-up Share capital or contribution.

12. What if I don't have any partner? Can I Register my Private Limited Company with my family members?

Yes. You can register your Private Limited Company with your family members and later you can transfer shares if you want.

13. Is GST Registration mandatory for the private limited company?

GST Registration is not mandatory until the turnover of your company reaches 20 lakh rupees or 10 lakh rupees in case of the northeastern state.

14. Can I apply for Startup India registration?

Yes, startup India registration is possible with the private limited company registration. For this, you just need to register with the startup India portal. No worries, we will do this on your behalf.

15. Am I eligible to do multiple businesses under one private limited company registration?

Yes, you are eligible for multiple businesses under one private limited company. However, you are required to mention the detail of all the businesses in the MOA of the company while going for registration.

16. How can I protect my company name or logo in India?

For this, trademark registration application should be filed to the authority after company registration.

17. What are the prescribed minimum requirements to become a director of a Private Limited company?

1. Any individual or company can become a director in a company.

2. An Individual must 18+ years Age.

18. Can I become a director in a company if I am already working somewhere or doing a full-time Job?

If there is no employment contract then you can become a director in a company. But usually, you should avoid this. As your Employer will not allow you to float a company with the employment.

19. Is FDI allowed in a private limited company?

Yes, Venture capitalist firms or angel investors can make an investment in the private limited company.

20. What are the mandatory Annual Compliances for Private Limited Company?

Following are under the mandatory annual compliances-
1. Auditor Appointment.
2. Convene AGM.
3. Income Tax Return filing.
4. Filing of Annual Return and financial statements etc.

21. Can a private limited company be converted into any other type of entity such as LLP or OPC?

Yes, a Private limited company can be converted into the LLP or OPC at any time by filing the appropriate forms with the prescribed government authority.

22. What is the meaning of limited liability in the Private Limited Company?

Limited liability means that the liability in a private limited company is limited up to the contribution made by the members of the company.

24. What is the Private Limited Company Registration Fees?

The government fees for Company registration is approximate Rs. 3500 and you can hire a CA/CS their fees may be in the range of Rs 5000 to 10,000 depending on their expertise and quality of work. The experienced CA/CS is able to give you error free MOA & AOA Draft as a well right selection of company business activity in Spice form. Always avoid fresher or Non-CA/CS firm in case you are hiring a company registration consultant in your city.

25. Can I convert my existing One Person Company to Private Limited Company?

OPC can be converted to Private limited subjectively you have a paid-up capital above Rs. 50 lac or annual turnover is more Rs 2 Cr. The conversion of OPC to Private limited company may take time between 15 to 25 days.