For starting a business in India Private Limited Company is the most popular and an effective medium for higher growth aspirants.
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For starting a business in India Private Limited Company is the most popular and an effective medium for higher growth aspirants. It is incorporated under Companies Act, 2013 and has various benefits as it ensures limited liability and separate legal entity which means safeguarding of the personal property. This type of entity is mainly preferred by the start ups and the growing entities. So, if you are willing to start a Company your first priority is to get it registered. Once the same is registered it increases its authenticity as well as offers various benefits which can be offering liability protection to protect the Company's assets, attraction of more and more funds etc.
Legal Window has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation process. You may get in touch with our team on 072407-51000 or email [email protected] for Private Limited company registration and Compliance services.
Once an entity is registered it is born in the eyes of law which means it is separate from its owners, Directors, Managers, shareholders and employees etc.
As the Company is a separate legal entity its Liability is limited to an extent of its Share Capital or the guarantee provided. The Company's obligation does not create any right over the Owner's personal assets.
It is the most preferred entity by the investors also as it provides an opportunity to raise money through Banks, Foreign Investors, Venture Capitalist and the Angel Investors etc.
A company has perpetual existence. Once registered, it continues to exist indefinitely unless and until it is wound up by its promoters or the Government.
You are requested to first fill the simple questionnaire provided by our expert team.
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
First of all DSC (Digital Signature Certificate consisting of the E-signatures) is required to be prepared. This step can be ignored if prepared already. It will approximately take 1-2 days.
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC. The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.
Once the Company gets incorporated we will share all the documents like Incorporation Certificate, MOA, AOA and Digital Signatures.
You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Legal Window by clicking on the link Trademark Registration.
If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Legal Window.
The private limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Legal Window has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
|---|---|---|---|
| Upto Rs. 1 crore | 30% | Nil | 4% |
| Above Rs. 1 crore but upto Rs. 10 crore | 30,00,000+ 30% | 7% | 4% |
| Above Rs. 10 crore | 3,00,00,000+ 30% | 12% | 4% |
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
|---|---|---|---|
| Upto Rs. 1 crore | 25% | Nil | 4% |
| Above Rs. 1 crore but upto Rs. 10 crore | 25,00,000+ 25% | 7% | 4% |
| Above Rs. 10 crore | 2,50,00,000+ 25% | 12% | 4% |
| Basis | Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
|---|---|---|---|---|---|---|
| Registration Requirement | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Registered/Unregistered | No Specific Criteria |
| Number of members | 2 – 200 | 7-∞ | Only 1 | Unlimited | 2-50 partners | Only 1 |
| Number of Director | 2-15 | 3-15 | Only 1 | 2 designated partners | NA | NA |
| Naming of Entity | Unique | Unique | Unique | Unique | No Guidelines | No Guidelines |
| Capital Requirement | Zero | Zero | Zero* | Zero | Zero | Zero |
| Liability of Entities | Limited | Limited | Limited | Limited | Unlimited | Unlimited |
| Foreign Investment | Eligible | Eligible | Not Eligible | Eligible | Not Allowed | Not Allowed |
| Statutory Audit | Mandatory | Mandatory | Mandatory | Mandatory | Not Required | Not Required |
| Compliance Level | Annual Compliance | Annual Compliance | Annual Compliance | Annual Compliance | Less Compliance | Zero Compliance |
| Tax Rate | 22% | 22% | 22% | 30% | 30% | Individual Tax Rate |
| You are here | Know more | Know more | Know more | Know more | Know more |
Talk to our team about the directors, the capital and the package that fits before you file.