What Is The Process of PVT ltd Company Registration?

More than 10,000+ private limited businesses are created each month, according to the MCA Annual Data Reports! Among small, medium, and large companies in India, Private Limited is considered a common corporate business entity. The Private Limited Company Registration Process and the necessary procedures, documents that are required during the creation of a private limited company, are not understood by many.

Company creation is not enough to comply with 30 days of enforcement after company incorporation, which many firms struggle to obey and end up with major fines!

This article will assist you in understanding in depth the registration process for a private limited company and how to set up a private limited company in India.

Introduction of Private Limited Company

A private limited company is a company privately owned for small businesses. This kind of business entity restricts owner liability to their shareholdings. The number of shareholders to 200, and limits the shareholders from publicly trading shares.

Eligibility Criteria for Private Limited Company Registration?

Private Limited Company is the easiest and popular procedure. Moreover, there are some eligibility guidelines one must adhere to. So let’s have a bright view of them on Private Limited Registration.

• Any person can apply for company registration above 18 years.
• At least 2 Shareholders requires to initiate for Pvt. Ltd Company Registration in India
• Moreover, Minimum 2 Directors for Online Private Limited Company Registration
• Also, at least Rs.1 Lakh Capital to Registration of Private Limited Company, not mandatory
• The Mandatory DPIN, DSC for all the Directors
• At least 1 Director must be an Indian Resident for Register Pvt. Ltd Company Online

So, do meet all the requirements and then apply for the Online Company Registration Process.

Online Company Registration Process: Private Limited Company

Here is a step by step guide for the Registration of Company Process. Private Limited Company Registration Process is much easy which can be understood as-

• Step 1: Apply for DSC & Din Number

The first step in registering a business is to apply for a DSC (Digital Signature) form, which is mandatory for the online registration form to be completed. DSC (Digital Signature Certificate) and DIN (Director Identification Number) certification for 3 of the structure of the organization, so that you can quickly work on submitting the document online. DSC Certifying Authorities (CAs) have been headed by the Ministry of Corporate Affairs (MCA) from which you can get a DSC. You must have these three forms, which are SPICe Forms, DIR-3 Shape, filled up to get DIN.

• Step 2: Apply for the name availability

You need to submit MCA 2 separate options for your business name, one of which will be selected. Ideally, the names given must be distinct and suggestive of company business. Also, make sure that at the end of the business name you write “PVT Ltd”. There are two attempts to add name reservation to the run form implemented by MCA. To verify the availability of the company name, use the MCA portal, and apply it carefully.

The SPICE + form and RUN(Reserve Unique Name) e-form has all valid documents submitted online.

• Step 3: Do the file e-MOA & AOA

Once the name is accepted in the ROC office. One needs to draft a Memorandum of association and Articles of Associate electronically. After name acceptance, as per the latest spice+ form 2020, you have to concentrate on thee-AOA & e-mom. Also, the MCA requested that the INC-33 e-forms be submitted to assist in the incorporation of the company. Compile and submit other necessary documents, such as proof of ID and address. These forms are necessary to clarify the process of company registration in India. Memorandum represents the agreement of the company while articles of association cover the privacy rules and regulations of the company.

• Step 4: Certificate of incorporation

When all paperwork and forms have been filled out and presented. Wait 7–8 days for a private limited company to be established. You’ll get a certificate of incorporation. Certification of incorporation is proof that the business is legitimate and can run smoothly. Your CIN number is also involved. This also means that you are registering for MCA registration. You can verify the details of your name with the MCA for Private Limited Company Registration.

Along with the incorporation certificate and you receive PAN, TAN & other certificates which are stated at the time of application filing. Also, gives you an opening zero account balance.

Updates as of 20th May 2020 about Online Company Registration Process

1. MCA has prolonged the 20-day time limit to submit Part B of SPICe+. For name reservation by afresh incorporated companies until 20th June 2020. For names expiring any day from 15th March 2020 to 31st May 2020.

2. MCA has enlarged the 60-day time limit to submit form INC-24 for company name change reservation till 30th July 2020 for names expiring any day within 15th March 2020 to 31st May 2020.

3. Also, the MCA has enlarged the RSUB validity of those Service Request Number (SRN) whose the end date for resubmission expires within 15th March 2020 and 3rd May 2020 until 15th June 2020, excluding those marked as ‘Not to be taken on Record’ (NTBR) which will be prolonged only on a case-to-case basis.

Get Private Limited Company Registration today to get legal brand awareness.

Frequently Asked Question

What is a Private Limited Company?

A Private Limited Company is one that has separate legal entities following the regular succession, with a benefit of limited liability for its shareholders.

How should I register a private limited company?

1. Apply for DSC & DIN
2. Apply for the name availability
3. File the E-Moa and E-AOA
4. Get the registration certificate

How does it cost to register a Pvt Ltd company?

The initial cost for private limited company regsitration Rs.4,000.

How long does it need to register a private limited company?

The registrations get done within 10–15 days. The processing time will differ depending on the time taken by our customers to submit the required documents and government processing time.

Which are important forms are required for Private Limited Company Registration?

Ministry of Corporate Affairs (MCA) has begun :

• New SPICe INC- 32 Forms for more active company incorporation.

• Apart from this e-MoA(INC-33) and e-AoA (INC-34) are further to be filed.