A Guide To Register a Private Limited Company in India

Company registration in India is essential to giving the business a distinguished entity and legal validity separate from its owners. It refers to the process of a company's affiliation or business formation. It also protects the owner's assets from business debts or lawsuits.

A Private limited company is the most preferred option for many businesses in India as it enables the effortless raising of funds. It also exempts the startup from paying Dividend Distribution Tax (DDT), allowing higher earnings for its owners. Furthermore, since startups are volatile and susceptible to losses, registering them as private limited companies enables them to be quickly sold or transferred easily if the owner wishes to.   

Required Documents

Below is the proof of identity and address required for Private limited company registration:

• Passport-sized photo and signature(digital) of the owner.

• PAN card or Passport (foreign nationals & NRIs).

• Voter ID/passport/driving license.

• Latest bank statement/telephone or mobile bill/electricity or gas bill of owner and office.

• NOC from the property owner of the office.

Process of Private Limited Company Registration

Obtain Digital Signature Certificate (DSC)

When registering your startup as a private limited company, ensure that the DSC agrees with all subscribers and witnesses in the Memorandum of Association (MOA) and Articles of Association (AOA). If registering online, the forms require digital signatures.

Apply For Director Identification Number (DIN)

The person taking up the role of the company's director must apply for DIN for private limited company registration.

Name Approval

The most critical part of company registration is getting the company name approved. When choosing your company name, ensure it does not match any other company's registered name. The business's name must be unique for Pvt Ltd company registration in India.

Form SPICe+ (INC-32)

Since 23 February 2020, the MCA has introduced SPICe+ for Pvt Ltd company registration in India. SPICe+ form enables web-based incorporation and serves several purposes with the benefit of a single application.

e-MoA(INC-33) and e-AoA (INC-34)

A Memorandum of Association represents the company's status, and the Articles of Association contain the internal rules and regulations. Earlier, the filing of this form was physical, but now the whole procedure has turned digital online, making company registration in India more feasible.

PAN & TAN Application

After the successful submission of the SPICe+ form, forms are auto-generated. The Certificate of Incorporation of PLC is generated after the approval of the SPICe+ Form. The Income Tax Department will issue the PAN card. After completing the form, MCA will approve the registration, which means a Corporate Identity Number(CIN) will be generated.

Common Mistakes To Avoid

You must avoid the following common mistakes while registering your company.

• Do not present unauthentic documents or fake information while registering.

• Refrain from submitting incomplete, incorrect, or mismatched documents.

• Do not overlook mandatory post-registration requirements.

• Do not fail to apply for PAN, TAN, or GST registration during incorporation.

• Do not neglect professional assistance.

Company registration is the most critical step and must be undertaken under professional supervision. Contact Lawgical India Business Developers Pvt. Ltd. to register your startup as a private company registration smoothly. Our team of 80+ professionals will assist you in the registration process thoroughly. We will help you figure out the key legal requirements and fulfil them on your behalf. 

Moreover, we excel in other fields, such as GST registration and FSSAI licensing, Apeda Registration, MSME Registration, PAN Registration in India and other services. Our team of 80+ professionals is well aware of the intricacies of legal processes and has ample experience in this field. You can chill while we do all the computation and legal work, ensuring you face no difficulties.

FAQs

1. What is a Private Limited Company and why should I register one?
A Private Limited Company is a legal business entity that limits liability to shareholders and allows easy fund-raising. It protects your personal assets from business debts. Lawgical India can help you register smoothly, ensuring you meet all legal requirements.

2. What documents do I need to register a Private Limited Company?
You’ll need ID proofs like PAN or passport, address proofs, passport-sized photos, signatures, and NOC for the office property. Our experts at Lawgical India guide you on the exact documents and help prepare everything correctly.

3. What is the process of registering a Private Limited Company?
The main steps are obtaining a Digital Signature Certificate (DSC), applying for Director Identification Number (DIN), name approval, filing the SPICe+ form, submitting MoA and AoA, and getting PAN & TAN issued. Lawgical India handles these steps end-to-end, saving you time and hassle.

4. How important is the company name approval?
Very important. The name must be unique and not clash with existing companies. Our team performs thorough checks and submits your name application to avoid rejection.

5. What are the common mistakes to avoid during registration?
Avoid submitting fake or incomplete documents, missing post-registration filings, or skipping PAN, TAN, and GST registration. Lawgical India’s professionals ensure your registration is flawless from start to finish.

6. Can foreigners or NRIs register a Private Limited Company in India?
Yes, they can, but certain additional documents and compliances are required. We specialize in handling foreign national registrations smoothly.

7. How long does the registration process take?
Typically, it takes around 7 to 15 working days, depending on document readiness and government approvals. Lawgical India expedites the process by preparing everything in advance.

8. Do I need professional help for registration?
While it’s possible to do it yourself, professional guidance ensures no errors and faster approval. Our 80+ expert team at Lawgical India takes care of all the legal and procedural complexities for you.

9. What happens after company registration?
You must comply with post-registration requirements like GST registration, FSSAI licensing if applicable, and annual filings. We also assist with these ongoing compliances.

10. How can Lawgical India assist beyond company registration?
Besides registration, we offer services like GST, FSSAI, MSME, APEDA, and PAN registrations. Our experienced team handles all your business compliance needs so you can focus on growth.