Company Registration Services in India

Registering a Private Limited Company (PLC) is a popular way of starting a business in India. It provides founders with benefits such as limited liability protection, a separate legal existence, enhanced credibility, and easier access to external funds. As a result, startups and businesses with high growth potential and risk preference prefer the company structure. PLC registration is governed by the Companies Act, 2013, and is registered with the Ministry of Corporate Affairs (MCA). Why choose ProTax Solutions for your company registration? Expert Team of Qualified CA, CS, and Lawyers Dedicated Relationship Manager and On-call Support The entire New Company Registration Process is Managed Online Quick Turnaround and Economical Pricing Thousands of Happy Customers Across All States of India Empowered with Secured Technology Avail exclusive partner offers on web hosting, payment gateways, etc.

Why Should You Register a Private Limited Company?

Limited Liability of Shareholders

Registering as a Private Limited Company (PLC) in India can offer a significant advantage to owners by limiting their liabilities to their capital contribution commitment. This means that their personal assets are safeguarded from any substantial loss or debt incurred by the business, unlike in Partnership and Proprietorship firms.

Separate Legal Existence

A Private Limited Company (PLC) has an independent legal existence that separates it from its owners. This empowers the company to enter into contracts, possess assets, and litigate against third parties in its own name. With a perpetual existence, the company can continue to operate even after the death of its members.

Clarity in Management and Ownership

The shareholders of a Private Limited Company (PLC) are the owners, but the directors are responsible for making management decisions. This allows for the business to have access to professional management without compromising the ownership of the promoters and shareholders.

Ease in Raising Funds

Private Limited Companies (PLCs) are highly compliant structures that are preferred by banks for issuing loans. They offer several key advantages, such as ease in ownership transfer and limited liability protection for owners. As a result, investors like Venture Capitalists, Private Equity Firms, and HNIs often choose to invest in PLCs.

Documents Required for Private Limited Company Registration Online

PAN and Aadhaar Card

Both PAN and Aadhaar Card of all Indian Shareholders and Directors

Identity Proof

Either Voter ID, Passport, or Driving License of the Shareholders and Directors.

Proof of Address

Copy of the latest Telephone Bill, Electricity Bill, or Bank Account Statement of the Shareholders and Directors

Photographs

Latest passport size photographs of all the Shareholders and Directors

Business Address Proof

Either of the latest Utility Bill (Electricity, Telephone, Gas, Water) or Property Tax Bill of the registered office address. Rent agreement and NOC from the owner in case of rented property

Online Company Registration in Three Easy Steps!

1. Answer Quick Questions

Spare less than 10 minutes to fill in our questionnaires
Provide basic details & documents required for registration
Make payment through secured payment gateways

2. Experts are Here to Help

We will assign a Relationship Manager
Relax while experts draft and file your documents
We commit to addressing any queries within 24 business hours

3. You are All Set to Roll

All it takes is 10-12 working days*

_{*Subject to Government processing time}

Quickest Way to Register a Company

Days 1 - 2

Experts review your documents and information
Apply for Digital Signature Certificate

Days 3 - 6

Name availability check on MCA and IP India Portals
Apply for Company Name Reservation
MoA and AoA drafting

Days 7 - 9

Form filling for Certificate of Incorporation (COI)
DIN Allotment Application
PAN and TAN Application

Day 10 - 12

Awaiting MCA approval

Pick a Business Structure That Works Best For Your Business

	Private Limited Company	One Person Company	Limited Liability Partnership	Partnership Firm	Proprietorship Firm
Applicable Law	Companies Act, 2013	Companies Act, 2013	Limited Liability Partnership Act, 2008	Indian Partnership Act, 1932	No specified Act
Registration	Mandatory	Mandatory	Mandatory	Optional	No
	PLC must be registered with MCA under the Companies Act	Same as Private Limited Company	LLP must be registered with MCA under the LLP Act	Partnerships can be registered or Unregistered, there are obvious benefits to register with the State ROF	No registration required. Registration under MSME or GST act are considered valid for Proprietor Firms
Number of Owners	2 – 200	Only 1	2 – Unlimited	2 – 50	Only 1
	Minimum of 2 to maximum of 200 shareholders excluding present or former employees who are members	Only one shareholder	Minimum 2 Designated Partners are required. No limit on the number of maximum partners	Minimum 2 partners, and maximum 50 partners	The proprietor can be the only owner of the firm
Separate Legal Entity	Yes	Yes	Yes	No	No
	PLC is a separate legal entity, and can enter into contracts or own assets in it’s own name	Same as Private Limited Company	Same as Private Limited Company	Partnership firm does not have any separate identity from its partners	Proprietor and business are the same, and hold same PAN number
Liability Protection	Limited	Limited	Limited	Unlimited	Unlimited
	Limited to the share capital subscribed (may vary if defined as limited by guarantee or unlimited liability in the MOA)	Same as Private Limited Company	Limited to the capital contribution agreed by the partner in the LLP Agreement	Partners are jointly and severally liable to pay the debts of the Partnership Firm	Paying off the liabilities of the firm is the proprietor’s responsibility
Statutory Audit	Mandatory	Mandatory	As Applicable	Not Mandatory	Not Mandatory
	Required to appoint a statutory auditor within 30 days of company incorporation	Same as Private Limited Company	Statutory audit required when turnover exceeds INR 40 Lac or contribution exceeds INR 25 Lac	No statutory audit required. Tax audit applicable on basis of total turnover	Same as Partnership Firm
Ownership Transfer	Yes	Yes (Restricted)	Yes	Yes (Restricted)	No
	Shares are easily transferable, so it makes it a most preferred option for raising capital through external investors	There is only one owner in OPC. 100% shares need to be transferred to change ownership	Ownership can be changed with consent of other partners, by drafting a supplementary agreement	Ownership is not easily transferable. Partnership deed outlines the restriction for transfer of ownership	Ownership of the proprietorship is not transferable
Perpetual Existence	Yes	Yes	Yes	No	No
	Private Company prevails with change in ownership or management	OPC has a perpetual succession, but can only have one owner at any time	Change in Partners or Designated Partners does not affect the existence of an LLP	Change in partner leads to dissolution or formation of another partnership firm	Death or insolvency of proprietor dissolves the business
Foreign Ownership	Allowed	Not Allowed	Allowed	Allowed	Not Allowed
	Foreign nationals can invest as per RBI and FEMA guidelines, usually under the Automatic Route	Member, nominee and director must be an Indian resident	Foreign nationals can invest as per RBI and FEMA guidelines, usually under the Automatic Route	Nnon Resident Indian (NRI) can be a partner in the Partnership Firm, subject to RBI regulations	Foreign Nationals cannot own proprietorship business in India
Taxation Liability	Moderate	Moderate	High	High	Low
	Lower rate of 25% for companies with gross turnover of INR 400 Crore. Additional dividend distribution tax may apply	Same as Private Limited Company	Tax rate of 30% on business profits, tax benefits to partners on profit distribution is high	Same as LLP	Tax rates for individuals apply to Proprietorship Firm, as per the Income Tax slab
Compliance Requirement	High	High	Moderate	Low	Low
	Private company has the highest compliance requirements, both annual and event based	OPC compliance requirements are similar to PLC, except conducting an Annual General Meeting (AGM)	Annual filing and few event based filings are necessary, but lesser compliance requirements as compared to company structure	ITR of partnership needs to be filed annually, no major compliance requirements otherwise	No requirement to file a separate ITR. Very less to no compliance hassle

Have Questions? Find Answers Here

Frequently Asked Questions

The registration of a Private Limited Company requires at least two directors and shareholders, with one of them being an Indian citizen and resident. The business must have a valid registered office address and all documents for shareholders and directors must be provided in a clear and legible format. The name of the company should also follow the guidelines set by the MCA, and a minimum authorized and paid-up capital is required.

There is no mandatory requirement for a minimum paid-up capital to start a Private Limited Company. However, according to the Companies Act, a company must maintain a minimum authorized capital of ₹1 lakh, which should be divided into 10,000 equity shares with a face value of ₹10 each. Each shareholder must subscribe to at least one share to introduce an adequate amount for the company to run its business. The paid-up capital must be deposited into the company's current account as share capital.

The authorized capital represents the maximum amount of capital that a company can raise by issuing shares, both presently and in the future. In case a company intends to raise funds through fresh equity, it may increase its authorized capital later. Stamp duty for company registration is calculated based on the authorized capital. On the other hand, paid-up capital refers to the actual amount paid by the shareholders for the issuance of shares. Companies in India can be incorporated with any amount of paid-up capital, which can be either less or equal to the authorized capital.

The Ministry of Corporate Affairs (MCA) assigns a distinctive number known as the Director Identification Number (DIN) to individuals who aspire to serve as directors in a company or designated partners in an LLP. Each individual is given only one DIN. Surrendering a DIN is possible by completing and submitting the appropriate forms to the MCA. All DIN holders must fulfill the annual DIR 3 KYC filing requirements to activate their DIN.

A Digital Signature Certificate (DSC) is an electronic signature provided by Certified Authorities. It is used by directors, promoters, and shareholders to submit forms to the MCA. To submit e-forms for incorporation, all directors and subscribers to the MOA (company promoters) must have a DSC. Additionally, a Director's DSC is utilized for filing GSTR, ITR, and ROC forms.

Certainly, it is permissible to utilize your residential address for the registration of a Private Limited Company. As proof of business address, the most recent Utility Bill (Electricity, Telephone, Gas, and Water) or Property Tax Bill may be provided. If the property is owned by another family member, an NOC must be submitted in the form. The registered office is the location where the business receives communication from the MCA and other relevant authorities. This address is also shown on the Ministry's portal. Furthermore, if a residential address is employed for commercial purposes, it may incur property taxes comparable to commercial properties.

Indeed, a Private Company is permitted to conduct several businesses within the same field or of a similar nature. However, these activities must be stated in the company's MoA and approved by a registrar. It is crucial to note that unrelated activities should not be included in the company's operations. For instance, fashion designing and event management are distinct business activities and cannot be classified as the primary business activities for the same company.

Once the company is registered, it should fulfill the following requirements on priority: Open a current bank account within 30 days after receiving the PAN card. Appoint First Statutory Auditor for the company. Deposit paid-up capital as mentioned in the MoA of the company. Issue and allot shares to the subscribers. File INC-20A within 180 days of receipt of COI.

Newly incorporated companies in Maharashtra, Karnataka, and West Bengal are required to register for Professional Tax. While Shops and Establishment Registration is not compulsory, new companies in Delhi may choose to register for this. It is advisable to do so since the Labour Department's website does not provide First Time Registration services. For companies that incorporate using SPICe+, selecting a bank for opening a current account is mandatory. Currently, several banks are integrated with AGILE-PRO-S for this purpose, including Punjab National Bank, ICICI Bank, SBI, Kotak Mahindra Bank, Bank of Baroda, HDFC Bank, INDUS IND Bank, UBI Bank, and Axis Bank, among others.

Entities such as the Employees State Insurance Corporation (ESIC), Employees Provident Fund Organization (EPFO), GST Department, Bank, NSDL, Income Tax Department, and Commercial Tax Department of the relevant states receive information about newly incorporated companies. Moreover, MCA publishes the essential company and director details on its portal under the section "Master Data."