Start your entrepreneurial journey today.
Register your business online with Saral Bharat. Your ideal legal platform.
Get started in 3 simple steps.
It’s quick and hassle-free.
Register your business online with Saral Bharat. Your ideal legal platform.
It’s quick and hassle-free.
Registering a Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with specific restrictions placed on the ownership. Therefore in case of any unfortunate or unforeseen losses, the company's shareholders will not be held responsible. Any statutory liabilities will be taken care of by the directors.
Registering a private ltd business holds an ample amount of benefits. If you are going for it, take a look at what's in store for you.
Limited liability
It protects your assets and shares in case of any unforeseen risks and losses. If the company undergoes financial distress, the personal assets of members will not be recovered by banks or investors.
Builds Trust
Having the tag of PVT ltd beside your company's name builds trust, and that becomes helpful in terms of getting investors as well as sales. It also procures beneficial bank credits and loans with ease.
Increases brand potential and stability
Private Limited registration opens the door to fantastic opportunities for your business to grow and flourish. It keeps your business stable and ongoing.
FDI gets allowed
In a Private Limited Company, 100% Foreign Direct Investment is allowed. Therefore any foreign entity or foreign person can directly invest in a Private Limited Company.
Easy share transfer
The transferring of shares in a private limited company is more accessible than transferring an interest in a proprietorship or partnership. You can transfer your shares by simply signing a transfer form along with a share certificate.
The compliance Act of 2013 does not allow similar names of multiple companies.
You can register your private Limited company in just ten days with Saral Bharat. Here's what you will need to have.
Two directors
A minimum of two directors is required to get started with a PVT Ltd company. However, this number can range from two to fifteen depending on how big your directorial team is.
Capital contribution
A company must have an authorized capital of 1 lac to run a private limited organization in India.
A Name
It would be best if you had a unique name for your company. The compliance Act of 2013 doesn't allow similar names of multiple companies.
A Registered Office
It is not mandatory to have a commercial space for your business. You can rent a residential property and make it a registered office with a proper NOC from the owner.
The MCA demands several documents for registering a private limited company. The mandatory documents are listed down below.
PAN Card
The PAN Card copy of the proposed directors of the company is required for PVT Ltd Company Registration.
Address Proof
It must submit the most current address proof of each Director, which matches the submitted.
Residential Proof
The residential proof of the directors needs to be submitted. This residential proof must contain the name of the Director as mentioned in the PAN Card.
Proof of Registered office
Along with the documents mentioned above, the proof of the registered address also needs to be validated. Here's what you will need as proof of office address.
Saral Bharat makes it easy for individuals and enterprises to register their business from the comfort of your home. All it takes is 10-15 business days and three easy steps.
Step 1
We assign dedicated experts for your requirement.
Step 2
We draft and file all required documents and submit them to the respective government portals on your behalf.
Step 3
We hand over all registration certificates that are required for PVT Ltd company registration.
Essential registrations that we provide:
A: Yes, you can. Whenever you are applying for your GST online, you don't need to go anywhere physically. You submit the documents, and our representatives will take care of everything for you.
A: DSC is a digital signature certificate by which you can sign electronic documents. In an online registration process, since every document is done through the electronic medium, the directors need a DSC.
A: It usually takes 15 days from the date of application to register a private limited firm. However, any discrepancy in documents can prolong the process. So make sure you submit every document correctly.
A: Yes, NRIs and other foreign entities can register a company in India. The Foreign Direct Investment norms set by the RBI. So you need to follow that.
A: You can search for the name that you have in mind to check whether it is available or not. In case your chosen name is unique and hasn’t been taken up by anyone else, you can go ahead and get it registered.
A: All your documents will be mailed to you from the ministry of current affairs (MCA) in pdf formats. You will receive the physical PAN card of the company via mail.
A: No. There is no such rule. Once you register the company, it will continue to exist as long as all legal compliances are met. If you do not comply with the requirements, it will go dormant and revoke registration altogether.
A: We have different pricing mentioned in our pricing plans section. Kindly take a look to understand the costs of different services.
A: Yes, it is mandatory to get your legal books audited every year. You must appoint an auditor within 30 days of incorporation to keep your books updated and avoid any legal trouble in the future.
A: No. A private limited company with a minimum of two directors. If you are a sole owner, you can register a proprietorship or one-person company.
A: No. There is no minimum capital required for starting a private limited company.
A: Yes, a salaried person can become the Director of a company. But make sure you check the employment agreement if such clauses are allowed. Employers are primarily okay with their employees being directors of any other company.
A: No, this is not possible for converting an LLP registration to LLP because it is not MCA. Both LLP and Private Limited do not allow conversion. However, if you want to expand your business, you can register a new Pvt Ltd company with the same name. Get a NOC letter from the LLP company.
A: Yes, you can. All you have to do is submit copies of all utility bills for the same.
A: Depends. GST is often mandatory for certain businesses. If you are taking payments via a payment gateway, then specific gateways do not allow international payments without GST. Also, if you are dealing with e-commerce, with a turnover of more than Rs. 40 Lakhs are required to obtain the same.
