Private Limited Company Registration Made Simple
Thinking about starting your own company? You’ve come to the right place! At My Legal Pal, we make company registration as smooth as your morning coffee. No confusing jargon, no endless paperwork headaches – just straightforward help to get your business up and running.
Why Choose a Private Limited Company?
A Private Limited Company isn’t just a fancy name – it’s actually the smartest choice for most entrepreneurs. Here’s why thousands of business owners pick this structure:
Key Features That’ll Make You Smile:
Limited Liability Protection Your personal assets (like your house, car, or savings) stay safe. If something goes wrong with the business, creditors can’t touch your personal stuff. It’s like having a protective shield around your personal wealth.
Separate Legal Identity Your company becomes its own “person” in the eyes of the law. It can own property, sign contracts, and even sue someone if needed. Pretty cool, right?
Easy to Raise Money Want to bring in investors or get a business loan? Banks and investors love dealing with private limited companies. It shows you’re serious about your business.
Perpetual Succession Even if something happens to you, your company keeps running. It’s like giving your business eternal life – the company doesn’t die just because the founder does.
Transferable Shares Want to sell part of your business later? No problem. You can easily transfer shares to new partners or investors.
Tax Benefits Companies often get better tax treatment than sole proprietorships. More money stays in your pocket!
Professional Credibility Having “Private Limited” after your company name instantly makes you look more professional. Clients take you more seriously.
Entity Comparison
Not sure if a Private Limited Company is right for you? Here’s how it compares to other business structures:
| Feature | Private Limited Company | LLP | Partnership | Sole Proprietorship |
|---|---|---|---|---|
| Liability Protection | ✅ Yes – Limited | ✅ Yes – Limited | ❌ No – Unlimited | ❌ No – Unlimited |
| Separate Legal Entity | ✅ Yes | ✅ Yes | ❌ No | ❌ No |
| Minimum Members | 2 | 2 | 2 | 1 |
| Maximum Members | 200 | No limit | 50 | 1 |
| Compliance Requirements | Moderate | Low | Very Low | Very Low |
| Tax Rate | 25-30% | 30% + surcharge | Based on partner’s slab | Based on individual slab |
| Fundraising Ability | ✅ Excellent | ⚠️ Moderate | ❌ Difficult | ❌ Very Difficult |
| Professional Image | ✅ High | ✅ Good | ⚠️ Moderate | ⚠️ Basic |
| Annual Filings | Required | Required | Not mandatory | Not mandatory |
| Audit Requirements | If turnover > 1 crore | If turnover > 40 lakhs | Not required | Not required |
What Documents Do You Need?
Don’t worry – we’ll guide you through each step, but here’s what you’ll need to gather:
For Directors and Shareholders:
- PAN Cards (for all directors and shareholders)
- Aadhaar Cards (everyone needs one)
- Passport-size photographs (recent ones, please!)
- Address proof (utility bills, bank statements, or Aadhaar)
- Bank statements (last 2-3 months)
For Your Registered Office:
- Property documents (sale deed, lease agreement, or NOC from owner)
- Utility bills (electricity or water bill as address proof)
- Owner’s consent (if it’s a rented property)
Additional Requirements:
- Memorandum of Association (MOA) – We’ll draft this for you
- Articles of Association (AOA) – We’ll handle this too
- Digital Signature Certificates (DSC) – For all directors
- Director Identification Numbers (DIN) – We’ll help you get these
Our Pricing: Transparent and Fair
We believe in keeping things simple and affordable:
Complete Package: Starting at ₹6,999*
*Plus government fees and DSC charges
What’s included:
- Name reservation and approval
- MOA and AOA drafting
- All government filing fees assistance
- DIN and DSC coordination
- Complete documentation support
- Regular status updates
- Expert guidance throughout the process
Additional Charges (at actual cost):
- Government fees: Approximately ₹1,500-₹4,000 (Subject to paid up capital)
- Name Approval fees: ₹1000
- DSC (Digital Signature Certificate): ₹2500-₹3,500 per director
- Professional tax and other state fees: Varies by state
Ready to Start Your Business Journey?
Starting a company doesn’t have to be complicated. With My Legal Pal by your side, you’ll have your Private Limited Company registered and ready to do business in no time.
Get in touch with us today, and let’s turn your business dreams into reality!
Terms and conditions apply. Government fees subject to change as per MCA notifications. We’ll always keep you informed about any fee changes before processing your application.
Frequently Asked Questions (FAQs)
General Questions
Q: How long does it take to register a Private Limited Company in India? A: Typically, it takes 15-20 working days once all documents are submitted correctly. We’ll keep you updated at every step, so you’ll always know where things stand.
Q: What’s the minimum capital required to start a Private Limited Company? A: There’s no minimum capital requirement anymore! You can start with as little as ₹1,000 or even ₹100. The government removed the minimum capital requirement to encourage more entrepreneurs.
Q: Can I register a company from anywhere in India? A: Absolutely! You can register your company online from anywhere in India. You don’t need to visit the registrar’s office in person.
Q: How many directors do I need for a Private Limited Company? A: You need minimum 2 directors and can have up to 15 directors. At least one director must be an Indian resident.
Q: Can a single person start a Private Limited Company? A: No, you need at least 2 people – they can be directors and shareholders. But if you’re looking to go solo, consider an OPC (One Person Company) instead.
Documentation Questions
Q: What if I don’t have a registered office address? A: No worries! We can help you with virtual office solutions or connect you with registered office providers. You can even use a residential address if you have proper documentation.
Q: Do I need an Indian bank account before registration? A: No, you don’t need a bank account before registration. In fact, you’ll need your incorporation certificate to open a current account for your company.
Q: What happens if my chosen company name is rejected? A: We’ll help you choose 3-4 alternative names during the application process. If your first choice gets rejected, we’ll automatically process the next available name from your list.
Process and Legal Questions
Q: What’s a DIN and why do I need it? A: DIN stands for Director Identification Number. It’s like a PAN card but for company directors. Every director needs a unique DIN, and it stays with them for life, even if they join other companies later.
Q: Is Digital Signature Certificate (DSC) mandatory? A: Yes, all directors need DSC for filing documents electronically with the government. Think of it as your digital fingerprint for official documents.
Q: What’s the difference between MOA and AOA? A: MOA (Memorandum of Association) defines what your company can do – like its main business activities. AOA (Articles of Association) defines how your company will operate – like internal rules and procedures.
Q: Can I change my company name after registration? A: Yes, but it involves additional paperwork and fees. It’s better to choose carefully from the start, which is why we help you research and finalize the perfect name.
Financial and Compliance Questions
Q: What are the ongoing compliance requirements? A: You’ll need to file annual returns, maintain statutory registers, hold board meetings, and file income tax returns. Don’t worry – we offer annual compliance packages to handle all this for you.
Q: When do I need to get my company audited? A: If your annual turnover exceeds ₹1 crore or paid-up capital exceeds ₹50 lakhs, you’ll need a statutory audit. Below these limits, audit isn’t mandatory.
Q: Can I add more business activities later? A: Yes! You can add new business activities by filing additional forms with MCA. We can help you with this too.
Q: What’s the difference between authorized and paid-up capital? A: Authorized capital is the maximum amount you’re allowed to raise (mentioned in MOA). Paid-up capital is what you’ve actually invested. You can start with low paid-up capital and increase it later as needed.
Service-Specific Questions
Q: What if I have questions during the registration process? A: We’re here to help! You’ll have a dedicated relationship manager who’ll answer all your questions and guide you through each step.
Q: Do you provide post-incorporation services? A: Yes! We offer bank account opening assistance, GST registration, trademark registration, annual compliance, and ongoing legal support.
Q: What if there are additional government fee changes? A: We’ll inform you immediately about any fee changes and get your approval before proceeding. No surprise charges, ever.
Q: Can you help with company registration in specific states? A: Absolutely! We handle company registration across all Indian states and union territories. Each state might have slightly different requirements, which we’ll manage for you.
Q: What makes My Legal Pal different from other service providers? A: We focus on clear communication, transparent pricing, and personal attention. No confusing legal jargon, no hidden fees, and you’ll always know exactly what’s happening with your application.
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