What is the Cost to Register a Private Limited Company in India?

Nov 28, 2023

What are the Expenses for Registering a Private Limited Company in India?

Unlock The Secrets Of Registering A Private Limited Company! Discover Everything You Need To Know About The Cost Involved In Setting Up Your Dream Venture. 🔍 Our Blog On Kanakkupillai Has Got You Covered! This blog is about the Cost of registering a Private Limited Company in India.

1. Step-by-Step Procedure to Register a Private Limited Company in India:

Obtain Digital Signature Certificate (DSC): All directors need a DSC.
Obtain Director Identification Number (DIN): Apply online with the required documents.
Name Approval: Apply for the company name through the RUN (Reserve Unique Name) service.
Drafting Memorandum of Association (MOA) and Articles of Association (AOA): Create these documents.
Filing Incorporation Documents: Submit the documents to the Ministry of Corporate Affairs (MCA).
Payment of Fees: Pay the prescribed fees for incorporation.
Certificate of Incorporation: Once approved, you’ll receive the certificate.
PAN and TAN Application: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Number (TAN).
Opening a Bank Account: Open a bank account in the company’s name.
GST Registration: Register for Goods and Services Tax (GST) if applicable.

2. Documents Required to Registering a Private Limited Company:

Passport-sized photos of directors.
Proof of identity and address (Aadhar, Passport, Voter ID, etc.).
Proof of registered office address.
No-Objection Certificate (NOC) from the property owner.
Utility bills of the registered office.

3. Benefits of Registering a Private Limited Company:

Limited Liability: Personal assets are protected.
Separate Legal Entity: Distinct from its owners.
Perpetual Succession: Continuity even with changes in ownership.
Easy Transferability: Shares can be transferred.
Access to Funding: Easier to raise capital.
Credibility and Trust: Enhances business reputation.

FAQs: Registering a Private Limited Company:

1. What is the cost of registering a private limited company in India?

Prices vary based on services, starting from INR 10,000.

2. How long does it take to write a private limited company?

It usually takes 10-15 days.

3. Is it possible for a foreign national to serve as a director in a private limited company?

Yes, with certain conditions.

4. Is a physical office necessary for registration?

Yes, a registered office is required.

5. What is the minimum capital requirement?

There is no minimum capital requirement.

6. How often are annual filings required?

Annual filings are required once a year.

7. Can a private limited company issue shares?

Yes, shares can be issued to raise capital.

8. Are there tax benefits for private limited companies?

Yes, there are tax advantages.

9. Can a private limited company be converted to a public company?

Yes, with regulatory approvals.

10. What is the role of a director in a private limited company?

Directors manage the company’s affairs.

11. Is it mandatory to have a company secretary?

It’s not compulsory but recommended.

12. How can I change the company’s registered office?

By submitting the required forms to the Registrar of Companies (RoC)

13. What is the penalty for non-compliance?

Penalties vary; timely compliance is crucial.

14. Can a private limited company engage in multiple businesses?

Yes, it can conduct various activities.

15. Is GST registration mandatory?

If turnover exceeds the threshold, GST registration is compulsory.

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