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Incorporation of Private Limited Company in India

Ideal if your business is Startup and Medium size

  • Many advantages, Less Compliances with ROC and Minimum Fees
  • Many advantages, Less Compliances with ROC and Minimum Fees
  • Eligible to appy for Startup India Recognition & Tax Exemption
  • Free Post incorporation consultation

Private Limited Company at a Glance

Private limited company is an independent legal entity with limited liability. Private limited company is a limited liability company formed with minimum two and maximum fifteen directors under Companies Act 2013 and it can have minimum two and maximum two hundred shareholders/members. Within this form of business, supervisors have limited accountability to shareholders, perpetual succession, easy to manage compliances, easy equity financing, and diplomatic possession i.e. purchase or sale of business.

A Private Limited Company is your very preferred form of business entity for overseas investors in India. Within this kind of business entity foreign nationals and foreign businesses can become supervisors and/ or shareholder and may bring foreign direct investment in accordance with RBI guidelines.

Most ideal form of Business for Startups to start business and apply for funding from Investors. With Private Limited Company you can easily chase Bankers, financial Institutions and Private Equity Investors for growth of your company.

Presently a Private Limited company may be integrated with ZERO funding. Nearly 90 percent of the companies incorporated in India are registered as private limited companies. LATERON, A personal Limited company may be easily converted into a Public Limited Company in case of growth OR can be transformed into Limited Liability Partnership to decrease load of ROC compliances.

Documents Requirement for Private Limited Company

  1. Photographs of all Proposed Shareholders & Directors
  2. PAN card Copy of all Proposed Shareholders & Directors
  3. ID Proof - Driving License / Voter ID / Passport (anyone) of all Proposed Shareholders & Directors
  4. Address Proof - Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old) of all Proposed Shareholders & Directors
  5. Email ID and Mobile Numbers of all Proposed Shareholders & Directors
  6. Aadhar card ( Optional )
  7. Proposed Company Registered Office Address Proof - Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner
  8. DIN ( Optional - In case any proposed director already have Active DIN)

What are the various Compliances you need to do post incorporation of a PLC

Apart from other statutory compliances such as GST, InCome Tax, etc., A Personal limited company must comply below without any delay.

  • File Commencement of Business (COB) e-form INC 20A within 180 days of incorporation.
  • Appointment of an Statutory Auditor ( Practicing Chartered accountant) for Auditing Publications of accounts and issue audited Annual Financial Statement.
  • Filling of ROC Annual Forms
  • Filing of Director e-KYC

The above compliances related to the provisions of Companies Act. If it a Startup Comoany then keep additional expenses approx Rs 40-50K for annual audit and ROC filings. 

Incorporation of One Person Company (OPC) in India