Company Registration – Spirient Solutions

Proprietorship Firm

Proprietorship Firm Registration?

Sole Proprietorship Firm Registration is Single Person Firm Registration i.e is the main objective is Open Current Bank Account on the Name of Business so it’s a simply firm which is enable doing business in India with Less Compliance and Less Costing. a Sole Proprietorship Firm require minimum 2 Legal Proof for open a Current Bank Account.

Legal Entity Proof for the Sole Proprietorship Registration in India:

Option 1: MSME Registration Certificate + Chartered Accountant Business Certification. Its applicable in below conditions–

- Deal Within The State Only. (Ex- Maharashtra to Maharashtra)

- Within State Expected Turnover or Sales less than 20 Lakh Rupees

Option 2:GST Registration Certificate as Proprietorship Entity. Its applicable in below any ONE conditions

- Deal Inter-State Sales Or Services. (Ex -Maharashtra To Other State)

- Ecommerce or Internet-Based Business

- Trader or Retailer or Mfg. or Aggregator

- Within State Have More Than 20 Lakh Rupees Turnover

So, your first step to choose the right legal entity certificate to register your proprietorship firm registration.

PROPRIETORSHIP FIRM REGISTRATION PROCESS

There are simply 3 steps to register your Firm with Spirient Solutions

Step 1: Fill-Up your Proprietorship Firm Application Simplified form.

Step 2: Make payment of package online via cards/net banking /UPI /wallets etc in a secure way

Step 3: Assign a dedicated CA/Legal experts & submit the docs online via emails or WhatsApp. Be Relax ! your work is done.

How to Register Proprietorship Firm Online?

As mentioned above proprietorship firm required 2 legal entity proof so these can be done online with the help of Spirient Solutions at the cheapest cost. Why do it online through Spirient Solutions? there are few reasons–

1.Get better & cheap pricing package as compare to Agents or traditional & other portals.

2.Spirient Solutions is Recognized Company under Govt Official Startup India Programme with Trusted over 10k customer.

3.Highest Social True Reviews on Facebook with 5 Star Ratings.

4.Dedicated Support via Emails | Calls | WhatsApp.

5.Free Premium Legal Consultancy to Start your new business.

6.100% Money Back Guarantee on any service.

Documents Required for Sole Proprietorship Registration

1.KYC of Applicant i.e Pan Card + Aadhar Card or Voter or Driving or Passport etc.

2.Firm Address Proof : Electricity Bills copy or gas bill or phone bill etc. (No issues if it’s on other names)

For the GST Additional

1.Passport Size Photograph of the applicant

2.Personal Bank Account Cancel Cheque or Bank Statement or Passbook Front Page anyone.

Time to Register Proprietorship Firm?

1.MSME Registration + CA Certification | 2-6 days average from working on the assignment.

2.GST Registration | average 7 days from working on the assignment. How to Search a Company Name.

Benefits of Proprietorship Firm Registration?

1.1 Person Required as Single Entrepreneur.

2.Single Owner of the Business.

3.Easy to Start and Easy to Close.

4.Complete Control.

5.Lower Cost of Formation and Compliance.

LEARN HERE MORE ABOUT THE PROPRIETORSHIP FIRM BENEFITS

Steps For Register Sole Proprietorship Firm In India For Start-Ups

Now we explain here in the details regarding the steps to register sole proprietorship registration. For the convenience of the readers, we can divide all valid license certificate into the 2 Categories.

A) Tax Registration in India (GST Registration)
B) Basic Local or Central Government or other body licenses

a) Tax Registration (GST Registration)

So, From 1st July 2017 the government of India imposed the GST on all the business. GST is basically a uniform tax which replaces the various taxes like Service Tax | VAT/CST Registration or TIN Number etc.

So Ultimately Now whether you are doing service-based business or product based business, you have to required only the GST ( Good and Service Tax) when turnover or sales cross more than 20 lakh rupees in a year or in the northeast state 10 lakh rupees in a year. but in some following cases, you have to require the GST Registration as sole proprietorship firm in the starting...

-When you want to deal with interstate and supply goods and services across the state anywhere in India.

-When you are doing trading or retail and your other suppliers are registered under the GST.

-When you want to start an online ecommerce business or internet related any type of business.

Documents Required as a GST for the Firm
1. Personal Pan Card Copy
2. Aadhar Card Copy
3. Electricity Bill Copy of Business Location or Premise (Don’t worry if its on another person name)
4. Personal Bank Statement Copy or Cancel Cheque anyone
5. Passport Size Photograph

Note: if your firm falls under the Option “A” then just click on the below button and Let’s Start your Registration at Low Cost.

B) Basic Local Or Central Government Or Other Body License – (It’s Not A Long-Term Solution)

These type licenses are issued by the central government or state government or any other body on the name of sole proprietorship Firm. Most of the banks required anyone minimum 2 Valid Certification out of 4 in this category which are following–

Chartered Accountant Certificate – ICAI (The Institute of Chartered Accountant of India) is a body which is incorporated by the government of India for the chartered accountants. so all the practicing members only of ICAI (i.e is CA) can verify the documents and information of the sole proprietor & issued a CA Certification to open a current bank account on proprietor name.

Note: Some private banks are not accepted the CA Certification so just confirm with your bank.

MSME Registration Online Certificate – MSME (Micro small and medium enterprise) is a government body which is incorporated for the formation of rules & regulations for small business in India so they can issue a registration certificate on the name of proprietorship firm.

Note: Some private banks are not accepted the MSME Certificate so just confirm with your bank.

Income Tax Return (Business ITR) – Every person which are living and earn in India, they have to pay the income tax yearly basis. So, if you are earning from your business as freelancer then you can file your ITR on the business name as proprietorship firm status.

Shop Act License – Every state or regional city or area have a municipal party to control on the local business which is incorporated by the respective state government. So they can issue also a shop act licence on the physical shop name as proprietorship firm status.

So, all the proprietorship firm owner’s which is just starting the new business within the state, they can go with the anyone above 2 legal valid certifications. We highly recommend to you go with the CA Certification and MSME Registration Certificate or CA+ Income Tax Return which is issued by the government & you can run your business anywhere in India.

Conclusion About To Register A Sole Proprietorship Firm In India

Option-1 as GST Registration – Go with this option when you starting a business and required the GST Registration as mandatory or voluntary registration due to business nature and above legal conditions.

Option-2 as MSME or CA Certification + ITR or CA Certification + Shop act license – Go with this option when you just starting your very small business and not required the GST Registration in any condition.

Partnership Firm

What is Partnership Registration?

Partnership Firm is the most popular forms of business entity in India for the Partners Entrepreneurs. it needs just only 2 Person to Start a Business.

There are 3 Important Factors under partnership firm registration–

1. Partnership Deed on Stamp Paper with Notarised
2. PAN & TAN of the Partnership
3. Registration under another act like MSME Act 2006.

Partnership Firm Registration fees–

We at Spirient Solutions have lowest pricing guarantee for the Startups & Small Business. We have 2 packages –

Basic Partnership Firm Registration – Start Only From 2499/- INR Include

1. Partnership Deed Drafting Service by Legal Expert
2. PAN & TAN Application
3. Partnership Firm Registration under MSME Act.

Premium Partnership Firm Registration – Start Only From 4999/- INR
Include

1. Above Basic registration of partnership firm package.
2. GST Registration on Partnership Firm Name.

Note: Printing of the Deed on Stamp Paper and Notarization Services not included in the above package which required the physical presence of all partners.

Partnership Firm Process And Procedure
1. Just Fill-Up Simplified Partnership Application Form Here
2. Make the payment online as per the package choose via cards/netbanking/UPI/Wallet in secure way.
3. Assign a dedicated legal expert & submit the docs via email or whatsapp. Be Relax your partnership firm deed drafting, PAN & TAN all things get done online without going anywhere.

Documents Required For Partnership Firm

1. ID and Address Proof of Partners like Pan Card/Passport/Voter ID/Aadhar Card/Driving License Copy of the Partners.
2. One Business Place Address proof.

If Property On Rented :- Need Rent Agreement And NOC From Landlord.

If Property Is Own :- Need Electricity Bills Or Any Other Address Proof.

Note: Business Place And Home Place Can Be Same.

Online Registration Of Partnership Firm Is Possible

Yes, Its possible these can be done online with the help of Spirient Solutions at the cheapest cost. Below are the steps why we simplified the govt official legal process regarding the partnership firm registration–

Steps Taken to Register a Partnership Firm
1. First Choose Partnership Firm Name.
2. Fillup Application form with the business and personal details.
3. Create Partnership Agreement or Deed with the help of Spirient Solutions Professionals.
4. Take Printout of the deed on stamp & sign by all the partners with notarization.
5. Email us your Deed Scanned Copy and Apply for the PAN & TAN.
6. Get PAN & TAN Acknowledgement via Email from us.
7. In next few days you will get the partnership firm pan card physical copy from the department.
8. Apply for the MSME Registration with the help of Spirient Solutions Professionals.
9. Get MSME Certificate and other legal agreements on your email with a complete package from us.
10. Just open a current bank account on the basis of Deed & PAN +TAN+MSME and start your business.

Features of partnership Firm–

1. 2 Person Required as Partners.
2. Partners share responsibilities and duties of the business.
3. More capital can be brought into the business.
4. Partners share responsibilities and duties of the business.

A detailed Guide on How to Register a Partnership Firm Step by Step–

Step-1 Choose Partnership Firm Name

Your First step is to choose the partnership firm name. but you have to remember the below 2 factors while choosing the partnership firm name–

1. Choose the name Which is not trademark or copyright or not registered as private limited company. you can use the MCA Website or Trademark search website to know about the registered brand names. for more info on this check out this article on company name search.
2. never use words like Crown, Emperor, Empress, Empire or words because its required the govt approval for the same.

Step-2 How to Create Partnership Deed?

Partnership deed is an agreement between the partners where all the terms and conditions are mentioned regarding the partnership firm. Its always in the written with the stamp paper & notarized.

It’s include following things–

1. Name of the Firm.
2. Full Address of the registered office of the Firm.
3. Brief Description on the nature of the business.
4. Profit Sharing Ratio between the partners.
5. Name & Full Address of all Partners.
6. Salary Amount if any firm will be paid to the Partners
7. Capital Contribution by each Individual Partner.

Apart from this in the deed agreement rules regarding the admission of the partner & retirement, death etc. after the drafting you have to simply print on the stamp paper & get noterized the same.

Step-3 How to Register Partnership Deed in India

Partnership Deed Registration with the Registrar of Firms are optional but still, if need the registration then you can follow the below documents to register with the Registrar of Firms

1. Application for Registration of Partnership in Form No. 1
2. Duly filled specimen of Affidavit
3. Certified True Copy of the Partnership Deed
4. Ownership proof of the principal place of business or rental/lease agreement thereof.

Once you submit the application to the registrar by signing the application, they will check all the deed points and terms for the same. if satisfied then record the partnership firm name in the register which is maintained by the ROF.

The Registrar of Firms always maintains the up to date information about the partnership firm. even anyone can person find the details of any firm in the registrar of firms by payment of prescribed fee.

if anyone case your application reject then you have to full-fill the requirements the resubmit the same. Remember its an expensive activity in some state with the offline mode so its always optional for the partnership firm.

You can simply go with the MSME Registration Act instead of the ROF and open your bank account & start your business.

LLP Registration

What is LLP ?

LLP is called Limited Liability Partnership which is introduced in the year of 2008 under the Limited Liability Partnership Act 2008. LLP is similar to the general Partnership Firm Registration but due to its legal structure there is no limited liability in the general partnership so govt of India introduce Limited Liability Partnership on 9th January 2009 and the First LLP Incorporated on 2nd April 2009 as per Wikipedia.

What is LLP Registration?

LLP Registration is a standard Process where 2 LLP Partners create a LLP Incorporation Entity with the limited liability and open a current bank account on the LLP Name & Start the business. Here partners have to pay the Government Fee & Professional Fee for the same.

LLP Incorporation Rules

Minimum required 2 partners to create a LLP Incorporation.

There is No Authorised share capital concept like private limited company registration. so you can start with any amount of the share capital of the LLP Partners

LLP Registration Fees

We at Spirient Solutions offers awesome package to small startups on LLP Registration. There are 2 Type of Fee in LLP Registration–

Pricing : 8999/- INR (All Inclusive with Govt Charges Except LLP Agreement Stamp Duty)
Include...

1. 2 LLP Designation Partner DIN + DSC
2. Name Approval of LLP Company
3. Certificate of Incorporation + PAN & TAN of the LLP

Free with the above package

1. MSME Registration Certificate to avail govt benefits.

LLP Incorporation Procedure

LLP Incorporation have complex process by the Govt but with the help of Spirient Solutions you can simplified in Only 3 Steps.

Step-1 Simply Fill-Up LLP Registration Application Form and Fill-Up Basic Details of Business.

Step-2 Make the Professional Fee 1st Installment 1999/- INR Only via Cards/Netbanking/UPI etc.

Step-3 Get Instant Confirmation Email & Call with the Assign Dedicated CA which helps you to Start your LLP Registration Process.

Documents Required for LLP Registration
1. Pan Card of the All Partners.
2. Identity Proof of the partner’s like Voter id or Passport or Aadhar Card etc.
3. Address proof of the partner which include documents like voter ID driver’s license or Aadhar card etc. for proving the address of the partner.
4. Proof of residence of the partners which include documents like gas bill money bill etc. The bills should not be older than 2 months
5. Photograph of the partners
6. Proof of registered office of LLP Registration like any Sale Deed or any rent agreement or any NOC with the electricity bill copy.
7. Digital signature certificate of a partner (provided by Spirient Solutions)
8. LLP agreement executed among the parties.

Feature of LLP Registration

There are many features of LLP. An LLP is a body corporate with separate legal entity from its partners which means it can sue or be sued in its own name. An LLP will be governed by LLP agreement so partner’s duties will be decided under Partnership Agreement and mutual rights also governed by the LLP. An LLP cannot be started with sole owner, every LLP should have at least two partners in it. It is also liable to the extent of its assets which means partner’s liability will be limited and a partner will liable extent of agreed contribution in the agreement and a partner is not liable for other partner’s negligence. As per the rules and regulation of MCA only designated partner are responsible for compliance. If you are running a company and want to convert into an LLP then you can do this. So as you can see that LLP has many features and you can finding up an LLP whenever you want or in its time.

Minimum Requirements for LLP registration

LLP requires minimum two partners for incorporation. However unlike companies LLP does not require a minimum capital under the LLP act. Further, you also require LLP agreement as the same has to be submitted with roc upon incorporation of the LLP. Further, your designated partners should obtain designated partners identification number just like director identification number is provided to the directors of the company. Further, they are also required to obtain digital signature certificate. So as you can see that these are minimum requirement for LLP registration so you have to fulfill these requirements if you want to start your own LLP firm.

LLP Registration Process

In October 2018 an amendment came into force in which the process of LLP registration was updated. As per the new rules and regulation you can file your incorporation form through online mode for which you have to follow the following steps.

1. First step of new registration process of LLP is to obtain Digital signature certificate (DSC) for proposed director and without obtaining DSC you cannot proceed further so obtaining a DSC is important. A DSC is a very important document for an LLP because you have to mention DSC when you filecompliances. You cannot file an E form without DSC. So you have to first obtain the DSC.

2. After obtaining a DSC, you have to reserve firm’s name under LLP-Run services. Now amendment has come into force so there is no requirement of form 1, earlier everyone has to file form 1 for reservation of name but now you have to reserve your firm’s name under LLP-Run services.If you want to use services of LLP-RUN then you have to create an account on the website then you have to click on the LLP-RUN web service then you can request for reservation of name. You can request 2 names for your LLP so registration on one name will be done if it is available. During requesting on LLP-RUN service you need to pay required fee for reservation of name.

3. There is another procedure also available for which you can file the FiLLiP form. The new amendment introduced FiLLiP form by filing this form you don’t have to reserve your LLP’s name under LLP run services. There is no requirement of different-different forms. FiLLiP is an incorporation form so you can fill this. After filing this form authority will check your form along with documents and if everything goes rights then you will get your incorporation number. After incorporation of your firm you have to file your LLP agreement within 30 days of its incorporation.

LLP Registration Cost

1. Director Partner Identification Number ( DPIN/DIN)- Costing for DIN 1000 Rupees on 2 Partners. its valid for Lifetime.Its just like UserId for the Partner.
2. Digital Signature (DSC)– Costing vary from 2000 Rupees on 2 Partners. Its made by Sify, Emudra and some other companies and used for signing and filing forms during registration
3. Application for Name Reservation- Costing is 500 Rupees. Its filed for reserve your LLP Name.
4. Government Charges including Stamp Duty Costing around 750 Rupees.
5. Preparing LLP Agreement by professional costing around 250 Rupees.
6. Preparing LLP Partner Consent by Professional costing around 250 Rupees.

Total Government Expenses around 4750 rupees to 5000 Rupees.

Apart from Government Expense there are professional charges which very from 4000 to 6000/- INR professional to professional. Spirient Solutions always provide to you better competitive rates.

Timeline for LLP Incorporation

Timeline of LLP registration is not lengthy as you can file your incorporation form online. Online procedure will save your lot of time and energy. So as you can see above that Procedure is very simple and easy. You have to reserve your LLP’s name first or you can skip this by filing FilliP form. After filing incorporation form authority will check your form. In few days you will get your incorporation number. After getting an Incorporation number you have to file LLP agreement within 30 days of its incorporation. So as you can see that timeline is very short you will get your incorporation certificate as soon as possible and after getting incorporation certificate you need to file LLP agreement to the Ministry of corporate affairs within 30 days.

How To Choose LLP Name During Registration

As you can see in above article that there are two ways for reserving your LLP name. First is through LLP-Run web services and second one is FilliP form. LLP-Run web service is older method and FilliP form is new method. Through LLP-Run web service you can reserve your LLP name and you can reserve maximum 2 names because in case if you don’t get first name then may be you can get the other one. If you want to reserve your LLP name through LLP-Run web service then you have to visit the official website of Ministry of corporate affairs and then you have to choose LLP registration where you can select the LLP-Run web service.

If you want to reserve your LLP name through Fillip form then you have to fill the form on the website of Ministry of corporate affairs. FiLLiP form is for incorporation of LLP firm, by filing this form you don’t have to file the other forms so it will be easy for you if you file this form. Because After filing of LLP-Run service you have to fill the other forms also but by filing FiLLiP form you are not required to filing the other forms.

How To Check LLP Name Availability

As you can see in above article that you can reserve your LLP name by filing the Fillip form or by LLP-Run services. You can also check personally on the internet that if you name is available or not. You can reserve 2 names for your LLP so you have choose the name accordingly to conditions of Ministry of Corporate affairs.

What Are The Annual Compliance After LLP Registration

After incorporation of LLP firm you have to comply with the rules and regulation of Ministry of Corporate affairs and all compliances should be done within time period because in case failure of compliances you may have to pay huge fine for this so be aware. After incorporation of your LLP you have to file your Annual statement to the MCA because it is compulsory and also you have to file your Profit and Loss statement to the MCA.After incorporation of LLP you need to comply with the rules and regulation of Income tax department also because it is compulsory. You have to file Income tax of your LLP and also you have to make a PAN card for your LLP because without PAN you cannot file your income tax return. for the more info visit here on LLP Annual Filing Details.

Advantages of LLP Registration

Easy to Form: It is very easy to form LLP, as the process is very simple as compared to Companies and does not involvesmuch formalities. Moreover, in terms of cost the minimum fees of incorporation is as low as Rs 4000 and maximum is Rs 5000.

Liability: A LLP exists as a separate legal entity from its partners. Both LLP and its partners are separate entities and both functions separately. Liability for repayment of debts and lawsuits incurred by the LLP lies on it and not on the partner. Any business with potential for lawsuits should consider incorporation, it will offer an added layer of protection.

Perpetual Succession: An incorporated LLP has perpetual succession. Notwithstanding any changes in the partners of the LLP, the LLP will be a same entity with the same privileges, immunities, estates and possessions. The LLP shall continue to exist till its wound up in accordance with the provisions of the relevant law.

Flexible to Manage: LLP Act 2008 gives LLP the almost freedom to manage its own affairs. Partner can decide the way they want to run and manage and put the same in form of terms and conditions in the LLP Agreement . The LLP Act also in most cases provides that the said provision will applicable, only in case nothing is provided in the LLP Agreement.

Easy Transferable Ownership: It is easier to become or leave the partnership of the LLP or otherwise it is easier to transfer the ownership in accordance with the terms of the LLP Agreement. Ceasing of old partners and coming of newpartners , will automatically leads to change in ownership of LLP.

Separate Property: A LLP as legal entity is capable of owning its funds and other properties. The LLP is the real person in which all the property is vested and by which it is controlled, managed and disposed off. The property of LLP is not the property of its partners.

Taxation: LLP is not required to pay surcharge on income tax. Moreover , it is also not required to pay tax on profits distributed to partners whereas Company is required to pay tax on dividend distributed to its shareholders.

Raising Money: Financing a small business like sole proprietorship or partnership can be difficult at times. A LLP being a regulated entity like company can attract finance from PE Investors, financial institutions etc.

Capacity to sue: As a juristic legal person, a LLP can sue in its name and be sued by others. The partners are not liable to be sued for dues against the LLP.

No Mandatory Audit Requirement: In LLP, only in case of business, where the annual turnover/contribution exceeds Rs 40 Lacs/Rs 25 Lacs are required to get their account audited annually by a chartered accountant. This provides great relief to small businessmen.

Partners are not agent of other Partners: In LLP, Partners unlike partnership are not agents of the partners and therefore they are not liable for the individual act of other partners.

One Person Company Registration

What is One Person Company Meaning?

One person company as a company which has only one person as a member. This paradigm shifts from the Companies Act 1956, where minimum two members are required float private limited company as well as public company.

For the 1st time the concept of One Man Company or OPC has been introduced in India under Companies Act 2013 and the intent is apparently to permit entrepreneurship of a single individual to obtain the benefit of a corporate form of organization. This concept has opened huge business opportunities for small entrepreneurs.

A single individual forms a company satisfying all the legal requirements of the law for a definite purpose, usually for profit making. It has only one person as a member who will be promoter and director of the company. Hence it is a single shareholder corporate entity, where legal and financial liability is limited to the company only.

What is One Person Company Registration?

Under companies act 1956 minimum two members were required for the formation of Private Limited Company Registration. This was a hindrance to entrepreneurs who wanted to go solo or do business alone. So, the only option available was sole proprietorship firm. The major problem with doing business as a sole proprietorship firm is that it does not have a separate legal entity and has unlimited liability. OPC is a legitimate way to form a company with only one member. It can work like proprietorship, but it holds the status of the company and of course, it enjoys the benefit that comes with it i.e. limited liability. Although an OPC comes under a private company, it has been given many exemptions and thus has a comparatively lesser compliance burden.

The Minimum number of directors is limited to one and only one director can sign the financial statement and the Board’s report

OPC Registration Fees

We at Spirient Solutions offers an awesome package for the startups to register your pvt ltd company in India.

Pricing : 9999/- INR ( All Inclusive)Include

1. 1 Directors DIN + DSC
2. Name Approval of Company + MOA & AOA Drafting & Printing
3. Certificate of Incorporation + PAN & TAN of the Company

Free With Above Package

MSME Registration Certificate to avail govt benefits

*Limited Offer for Instant Check-out User : Get Free GST Registration with above Package

Private Limited Company Registration in India : Start Pvt Ltd Company

What is Private Limited Company Registration?

Private Limited Company Registration is one of the most popular legal entity in India. In simplified terms, its a proper company registration in India with the ministry of corporate affairs and gives you rights doing business anywhere in India or outside. MCA register your pvt ltd company registration and provide to you CIN Number with Certificate of Incorporation. At the end of the process, you have to simply open a current bank account on the Company Name on the basis of Certificate and Start your Company Operations.

What is Pvt Ltd Company Registration Rules?

1.Require minimum 2 directors or partner in the Private Limited Company.

2.Authorised Share Capital: 1 Lakh Rupees ( It’s just a share proposed value, doe’st not mean you have to invest 1 lakh rupees)

Pvt Ltd Company Registration Fees

We at Spirient Solutions offers Cheapest Cost on Pvt Ltd Company Registration Fees

Pricing : 10999/- INR ( All Inclusive) Include

1. 2 Directors DIN + DSC
2. Name Approval of Company + MOA & AOA Drafting & Printing
3. Certificate of Incorporation + PAN & TAN of the Company

Free With Above Package

1.MSME Registration Certificate to avail govt benefits

Pvt Ltd Company Registration Online

Pvt Ltd Company Registration Online is possible through official MCA Govt Website but the problem i.e you can’t do it your self the pvt ltd company registration. Because its required the additional digital signature Attestation from a Practicing Chartered Accountant or Company Secretary or Lawyer etc. So It’s mean you have to hire a Good CA to get done your Private Limited Company Registration in India anywhere.

Private Limited Company Registration Process

Simple 5 Steps Process to Register Your Private Limited Company in India

1. Apply for the Digital Signature Certificate (DSC) for all the Person who’s are will be director in the Private Limited Company.

2. Apply for the DIN Registration for all the Person who’s will be director in the Pvt Ltd Company.

3. Now Just check about the Private Limited Company Name availability on the MCA Portal & Apply for the Name approval of the Company. with RUN Form.

4. Once name has been approved, Proceed with the SPIC(INC 32) Private Limited Incorporation Form with the E-MoA & E-AOA of the Pvt Ltd Company.

5. Now Apply for the PAN & TAN Application for the Private Limited Company which is issued with he Certificate of Incorporation.
Documents required for Private Limited Company Registration

Below are the Documents Checklist required for the Private Limited Company Registration

Personal Level Directors Documents for the Private limited Company

1. Directors Personal Pan Card Copy
2. Directors Aadhar Card/Voter id/Passport/Driving License Copy anyone for the identity verification.
3. Passport Size Photograph

Company Level Documents for the Pvt Ltd Company Registration

1. Company Business Address Proof like Electricity Bill Copy with the NOC or Rent Agreement or Sale Deed anyone

Benefits of Private Limited Company Registration

1. Below are the benefits of the private limited company
2. Easily Setup and recommend to Growing Startups.
3. Limited Liability for Members.
4. More Credibility as Compare to others.
5. Easily raise funds from Investors.
6. ESOP Option are available to motivated Employees.
7. Name Protection available.

Pvt Ltd Company registration name availability

Basically, in the private limited company, you have to choose a unique name. because once a name has been registered with the MCA then no one other company take over the same name. It’s just like Brand Registration.

So, you have to provide 3-4 name during the name approval process during the Private Limited Company Registration Process. once you provide the company name, then MCA will check the same and approved as per the name availability rules and regulations. you can check here about How to Search a Company Name.

Different Forms of Online Pvt Ltd Company Registration

If you thinking Private Limited Company is very expensive for the starting then you can choose below

– Proprietorship Firm
– Partnership Firm
– OPC Registration
– LLP Registration

What is the Cost Involved in the Private Limited Company Registration

1. 2 Digital Signature – (1000*2) = 2000
2. Director Identification Number (500*2) = 1000
3. Stamp Duty(Approx) = 2500
4. Notary Fees – 1000
5. Govt Fee for RUN+PAN+TAN = 1200
6. Professional Fee(Market Price) = 3000-5000/- INR

How Much times takes to Register your Pvt Ltd Company?

There is no Standered Timeline for the Private Limited Company Registration. Its all depend on the Documents Submission and Incorporation Forms

if we talk about the DSC & DIN then its takes min 1-2 days, for the Name approval its all depend on the govt which takes avg 2-3 days. so you can takes min 10 days to complete your whole incorporation of the private limited company.

How to Register a Pvt Ltd Company in India

Step-1 Application for DSC (Digital Signature Certificate)

Digital Signature is the first step to form a private limited company. All the eforms are online so its required the digital signature instead of the physical signature. In the MOA & AOA of the company all the directors or subscriber required the digital signature.

Digital signature prepared by the govt authorized authority only such as Emdura or Sify etc. These certifying agencies provide the digital signature in under class 2 and class 3. mainly its required the class 2 DSC Only. if we talk about the DSC Cost then its cost around 1000/- INR per DSC.

Step-2 Apply for the DIN (Director Identification Number)

DIN is mandatory to become the director of any company. Only one din is allowed for one person. so after the obtaining DSC you have to required to apply for the DIN. There are 2 ways to apply for the Digital Signture–

1 DIR – 3 : If you are existing private limited company in India and now want to establish another company then you can file the DIR-3. you have to submit the all directors identity and address proof like pan card with aadhar card etc. but remember from the January 2018 its has been outdated.

2 SPICe (INC32 Form) : This is new option after the jan 2018 for the new companies. You have to require the fillup new SPICe INC 32 Form with the director details & documents. but wait ! you can incorporate with only 3 directors for the same, if any case you have more directors then you can appoint them after the incorporation of the pvt ltd company.

Step-3 Application for the Name availability.

This is one of the most important steps during the private limited company incorporation. you have to choose a unique identity name for your company. there are 2 ways to register or book your name for the private limited company.

1 Let suppose before apply for the DSC or DIN if you want to book your private limited company name with the MCA then you can use the newly RUN ( Reserve Unique Form) for the same. but remember its gives you only 1 chance to submit your company name, if any case due to trademark violation or existing company names violation your application will be rejected then you have to again apply for the same. so you have to follow the company registration name guidelines. but Don’t worry there is relaxation from 23rd March 2018, Now you can submit the 2 proposed name with the 1 resubmission through RUN Form.

2 This is one of the fasted ways to get register your private limited company with the government. In this way, you have to submit the SPICe INC 32 Form with the proposed name if your name is approved then your whole company has been registered for the same. but remember if any case your name is rejected then there is only 1 more chance to resubmit the application without any extra govt charges. but if you still fail in the 2nd option then you have to again start the process from scratch and pay the government fee for the SPICe inc32.

Step-4 Filing of the EMoa and EAOA for the register private limited company

Previously before introducing the SPICe’s form you have to require the file MOA & AOA of the Company physically paper to the MCA but after the introduce new SPICe’s form you have to just attach Electronic MOA & AOA of the Company.

Note: SPICe’s INC 32 Forms and all other above process required the digital signature certification from the Practising Chartered Accountant or Company Secterary or Lawyer. So you can do it yourself without helping of the professional. Take Spirient Solutions service and Be Relex!

Step-5 Apply for the PAN & TAN of the Company

Previously before introducing the new forms, during the private limited company registration required to separately apply for the PAN & TAN for the same. but now you can apply through SPICe’s form together.

Step-6 Issued Certificate of Incorporation by RoC with PAN & TAN

If everything is perfect and approved by MCA Registrar of Companies then they will be issued Certificate of Incorporation with PAN & TAN for the same.

Step-7 Opening a Current Bank Account on Company Name

So this is the last step for your private limited company. after the getting certificate of incorporation, you have to simply open a current bank account as per your choice on the basis of the documents which is provided by us.