Private Limited

Private Limited Company Registration in India

Setting up a business in India often involves choosing a private limited company as a preferred option. This structure offers shareholders limited liability protection 🔐 while placing specific ownership constraints. In contrast, in the case of an LLP, partners oversee the management. Private limited company registration allows for a clear distinction between directors and shareholders.

At indiafills.com, we offer a cost-effective service to register new companies, startups, and facilitate seamless private limited company registration across India. We handle all legal formalities for online PVT LTD company registration, ensuring compliance with the Ministry of Corporate Affairs (MCA) 📋.

What is a Private Limited Company?

In India, a private limited company is a privately held entity with limited liability, and it ranks among the most favored business structures due to:

• 🔐 Limited Liability Protection – Shareholders’ assets are safeguarded.
• 🧾 Separate Legal Entity – Can own property, sign contracts, and take legal action.
• 👥 Minimum of Two Shareholders and Directors – One director must be an Indian resident.
• 💰 Minimum Paid-up Capital – ₹1 lakh (or more as prescribed).
• 🏷️ Naming Rule – Must end with “Private Limited”.
• 🔄 Restricted Share Transfer – Needs board approval or as per Articles of Association.
• 🚫 No Public Invite for Shares or Debentures.
• 📑 Mandatory Compliance – Financial records, AGMs, and annual ROC filings.

These features make private limited company registration a solid choice for entrepreneurs in India.

Types of Private Limited Companies

• Company Limited by Shares – Liability limited to the unpaid share amount.
• Company Limited by Guarantee – Liability arises only if the company winds up.
• Unlimited Companies ⚠️ – Members have unlimited personal liability but still benefit from separate legal identity.

Advantages of a Private Limited Company

• 🔐 Limited Liability
• 🧾 Separate Legal Identity
• ♻️ Perpetual Succession
• 💸 Ease of Raising Funds
• 📉 Tax Advantages
• ✅ Credibility and Professional Image

Disadvantages of a Private Limited Company

• 📑 Compliance Burden – Regular filing and statutory obligations.
• 💼 More Complex Setup and Higher Cost
• 🚫 Restricted Share Transfer and Shareholder Cap (200 max)
• 🕵️‍♂️ Public Disclosure of Financials
• ❌ More Complex Exit Process
• 🕒 Slower Decision-Making

Requirements for Registering a Private Limited Company in India

• 👤 Minimum 2 Directors & 2 Shareholders
• 🆔 DIN (Director Identification Number) – Issued by MCA.
• 🇮🇳 At least one Indian resident director (182+ days in India in the previous year).
• 🏠 Registered Office Address
• 🏷️ Company Name – Should reflect business activity.

Online Company Registration Process in India

Step 1: 🔐 Acquire Digital Signature Certificate (DSC)

For all directors and shareholders.

Step 2: 🆔 Obtain Director Identification Number (DIN)

Mandatory for each director.

Step 3: 📝 Name Reservation (SPICe+ Part A)

Choose two unique names and describe the business activity.

Step 4: 📄 Fill Company Details (SPICe+ Part B)

Includes office address, capital, shareholder details, etc.

Step 5: 🏛 Submit Incorporation Forms (MOA & AOA)

Digitally sign and submit MOA, AOA, and AGILE-PRO-S for:

• GST
• EPFO
• ESIC
• Bank Account
• Shop & Establishment License (if applicable)

📜 Certificate of Incorporation

Once approved, MCA issues:

• Company Identification Number (CIN)
• PAN
• TAN

Document Checklist

For Indian Nationals:

• PAN, Aadhaar, Photo, Address Proof

For Foreign Nationals:

• Passport, Notarized Documents, Address Proof

For Registered Office:

• Utility Bill, Rent Agreement (if rented), Owner’s NOC

Post-Registration Compliance 🛠

After incorporation:

• Conduct Board Meetings & Annual General Meetings
• Maintain statutory registers and financial records
• File annual returns and financials with ROC

Why Register with indiafills.com?

At indiafills.com, we provide:

• 🔍 Expert Name Availability Search & ROC-Compliant Naming
• 📂 Complete Documentation Assistance
• 📋 MCA Filing & Approvals
• 💡 Ongoing Compliance Support

Our goal is to make your company registration smooth and affordable with transparent pricing and professional guidance.

Ready to launch your business?
Start your Private Limited Company registration online with indiafills.com today! 🚀