Private Ltd. Company
A Private Limited Company is a business entity held by small group of people. It is registered for pre-defined objects and owned by a group of members called shareholders.
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PRIVATE LIMITED
Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It is regulated under the company's Act 2013 and the Companies Incorporation Rules, 2014. It is a prevalent and popular business option in India as it gives separate legal identity, limited liability, more transparency, and international recognition to the business. The ownership of the company is divided among various shareholders (Max upto 50) as per there capital investment into the business as share capital. The liability of the members of a Private Limited Company is limited to the number of shares held by them.
SuperCA offers specialized legal services to facilitate the registration process of incorporating a private limited company. While the Government of India has introduced measures to streamline the process, it still involves technicalities that require due care. Attempting to handle this task without professional assistance can be challenging. At SuperCA, our team of experts takes the burden off your shoulders, saving you time and energy. We provide comprehensive support, including obtaining DIN and DSC for Directors, drafting MoA & AoA, acquiring the company's PAN and TAN, and obtaining the incorporation certificate. With our punctual and dedicated approach, you can trust SuperCA to ensure a smooth and efficient private limited company registration for you.
Personalized Attention with Tailored assistance throughout filing process.
Value for Money with maximized refunds and no hidden charges.
Client Confidentiality with Data privacy and adherence to legal guidelines.
Excellent Customer Support with 24x7 support and expert guidance.
₹7500+GST
CORPORATE IDENTIFICATION NUMBER(CIN)
1 RUN NAME APPROVAL
UPTO 1 LAKHS AUTHORIZED CAPITAL
INCORPORATION FEE
STAMP DUTY
CERTIFICATE OF INCORPORATION(COI)
PAN
DIRECTOR IDENTIFICATION NUMBER(DIN)
DIGITAL SIGNATURE CERTIFICATE(DSC)
GST
TAX DEDUCTED AT SOURCE(TDS)
CERTIFICATE OF COMMENCEMENT OF BUSINESS (COB)
₹ 7500 PLUS GST
₹12500+GST
CORPORATE IDENTIFICATION NUMBER(CIN)
1 RUN NAME APPROVAL
UPTO 1 LAKHS AUTHORIZED CAPITAL
INCORPORATION FEE
STAMP DUTY
CERTIFICATE OF INCORPORATION(COI)
PAN
DIRECTOR IDENTIFICATION NUMBER(DIN)
DIGITAL SIGNATURE CERTIFICATE(DSC)
EMPLOYEE STATE INSURANCE(ESI)
PROVIDENT FUND(PF)
IMPORT EXPORT (IE) CODE
GST
TAX DEDUCTED AT SOURCE(TDS)
CERTIFICATE OF COMMENCEMENT OF BUSINESS (COB)
UDYAM REGISTRATION
SHARE CERTIFICATES
1ST YEAR GST RETURNS
1ST YEAR MCA COMPLIANCE
DIRECTOR REPORT
1ST YEAR DEDICATED COMPLIANCE OFFICER
₹ 12,500 PLUS GST
₹17500+GST
CORPORATE IDENTIFICATION NUMBER(CIN)
1 RUN NAME APPROVAL
UPTO 1 LAKHS AUTHORIZED CAPITAL
INCORPORATION FEE
STAMP DUTY
CERTIFICATE OF INCORPORATION(COI)
PAN
DIRECTOR IDENTIFICATION NUMBER(DIN)
DIGITAL SIGNATURE CERTIFICATE(DSC)
EMPLOYEE STATE INSURANCE(ESI)
PROVIDENT FUND(PF)
IMPORT EXPORT (IE) CODE
GST
TAX DEDUCTED AT SOURCE(TDS)
CERTIFICATE OF COMMENCEMENT OF BUSINESS (COB)
UDYAM REGISTRATION
SHARE CERTIFICATES
1ST YEAR GST RETURNS
1ST YEAR MCA COMPLIANCE
DIRECTOR REPORT
1ST YEAR DEDICATED COMPLIANCE OFFICER
INCOME TAX AUDIT
INCOME TAX RETURN
1ST YEAR INCOME TAX ADVISORY
₹ 17,500 PLUS GST
SEPARATE LEGAL ENTITY
A Private limited company has a separate legal entity. It owns the name, act under the name and has a seal of its own and its assets are sperate and distinct for those of its member.
PERPETUAL SUCCESSION
The life of the Company is not dependent on the life of its founders or its members. Even if the members, for that matter even all members, become bankrupt/insolvent, the company remains unaffected.
LIMITED LIABILITY
The privilege of limited liability for business debts is liability of a member as shareholder extends to the contribution to the capital of the company up to the nominal value of the shares held and not paid by him.
FREE & EASY TRANSFERABILITY OF SHARES
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
BORROWING CAPACITY
A company can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.Checklist Requirements
- ⇢ The name of your business must be unique and should not match with any existing companies or trademarks in India
- ⇢ A minimum of two directors are a must for the formation of a private limited company. They should be of minimum 18 years of age.
- ⇢ the directors need to have their Director Identification Number (DIN) as a prerequisite to incorporation. Experts at SuperCA handle it for you.
- ⇢ The Company needs to have a minimum of two shareholders. A person can be both a director and shareholder in a Private Limited Company.
- ⇢ The Company must have a registered office, the address proof must be provided of such registered office.
Guidelines for Naming a Pvt. Limited Company
Name of a company is something which needs to be unique, desirable and one of its kind to make it stand out from the rest. Hence, there are specific guidelines for choosing a name for a Private Limited Company. The applicants and Registrar of Companies are advised to comply with following guidelines while applying or approving the proposed name while company registration:
- ➤ A company name need not be a brand name but it is a name that is the base of the brands that the firm manufactures. However, in case the proposed name is indicative of any activity, the same will be appropriately reflected in the main object clause of the Memorandum of Association (MoA) while company registration
- ➤ If the Company’s main business is finance, housing finance, chit fund, leasing, investments, securities or combination thereof, such name shall not be allowed unless the name is indicative of such related financial activities, like Chit Fund/ Investment/ Loan, etc.
- ➤ If it includes the words indicative of a separate type of business constitution or legal person or any connotation thereof, the same shall not be allowed. Example- co-operative, sehkari, trust, LLP, partnership, society, proprietor, HUF, firm, Inc., PLC, GmbH, SA, PTE, Sdn, AG etc.
- ➤ Abbreviated names such as ‘XYZ limited’ or ‘23K limited’ cannot be given to a new company. However, in case the company is well known in their respective field by abbreviated name, then they are allowed to change their names to abbreviations of their existing name after following the requirement of Section 21 of the Companies Act, 1956.
- ➤ If the proposed name is identical to the name of a company dissolved as a result of liquidation proceeding should not be allowed for a period of 2 years from the date of such dissolution since the dissolution of the company could be declared void within the period aforesaid by an order of the Court u/s 559 of the Act.
Moreover, if the proposed name is identical with the name of a company which is struck off in pursuance of action u/s 560 of the Act, then the same shall not be allowed before the expiry of 20 years from the publication in the Official Gazette being so struck off since the company can be restored anytime within such period by the competent authority. - ➤ If the proposed names include words such as ‘Insurance’, ‘Bank’,‘Stock Exchange’, ‘Venture Capital’, ‘Asset Management’, ‘Nidhi’,‘Mutual fund’ etc, the name may be allowed with a declaration by the applicant that the requirements mandated by the respective regulator, such as IRDA, RBI, SEBI, MCA etc. have been complied with by the applicant.
- ➤ If the proposed name includes the word “State”, the same shall be allowed only in case the company is a government company. Also, if the proposed name contains only the name of a continent, country, state, city such as Eurape limited, Germany Limited, Delhi Limited, Mysore Limited, shall not be allowed.
- ➤ If a foreign company is incorporating its subsidiary company, then the original name of the holding company as it is may be allowed with the addition of the word India or name of any Indian state or city.
- ➤ Change of name shall not be allowed to a company which is defaulting in filing its due Annual Returns or Balance Sheets or which has defaulted in repayment of matured deposits and debentures and/or interest thereon.
- ➤ A proposed name for a company should not be identical to that of an existing company or limited liability partnership name.
- ➤ It should not be undesirable & offensive which Violates Emblems and Name Act or Trademark or Includes offensive words.
- ➤ The name should not include use of the word "British India" as it is not approved by MCA.
- ➤ The names that imply patronage are not allowed as well. It should also not be Generic.
- ➤ The name should not be associated with the Embassy or consulate or foreign government.
NAME FORMAT
A preferred format as per the MCA to name the company is - Unique Component + Descriptive name + Private Limited. In this, the unique component needs to be creative, imaginative, and distinct in nature, while the descriptive name defines your business in brief and gives perks of your work/business.
After you choose the name, MCA will ask to describe the significance and the main objective behind that name in one or two sentences.
Obtaining DIN (Director Identification Number).
It is a must process in new company registration that each director of the company should obtain their identification number. As per the amendment act 2006, acquiring a DIN is compulsory for every director i.e. as such every existing and intending directors have to obtain their DIN. To get DIN one needs to file an eForm DIN-1. The DIN-1 form is available on Official site of the ministry of corporate affairs. The steps are as follows :
Move 1 - Register yourself on MCA Website first and have a login id. After filing DIN-1 Form, one should upload the filled form by clicking the eForm upload button on MCA website and should pay applicable fees.
Move 2- After getting generated DIN one should intimate their company about DIN. The director can intimate their company about DIN by using DIN-2 Form.
Move 3 - Then the company should intimate the Registrar of Companies (ROC) about all director’s DIN through DIN-3 Form.
Move 4- If there is any change in DIN or need for any update like change of address, personal details etc, then director should intimate this change by submitting the eForm DIN-4 Form.
REGISTRATION PROCEDURE
Step 1: The first step is to obtain DSC. DSC or Digital Signature Certificate is very important for the company registration and should be acquired by only those agencies which are appointed by the controller of certification agencies (CCA). In case you already have a DSC then you don’t need to apply for another one for company registration but you must ensure it must be under the validity period.
Step 2: Apply for the DIN of the proposed Director in SPICe Form along with the name and the address proof of the director.
Step 3: Submit an application for the name availability that should comply with the above guidelines.
Step 4: Submission of MoA and AoA .
Step 5: Apply for the PAN and TAN of the company documents submission to the ROC.
Step 6: RoC issues a certificate of incorporation with a PAN and TAN. After that the Company can start its business after getting the certificate of incorporation which can be incorporated within a few working days.
