Private Limited Company

Setting up a business in India often involves choosing a Private Limited Company as the preferred structure. This model provides shareholders with limited liability protection while maintaining defined ownership and management roles. Unlike an LLP, where partners manage the business, a Private Limited Company clearly separates the roles of directors and shareholders, ensuring structured governance.

At NSRM, we offer affordable and efficient services for registering new companies and startups in India. Our team handles all legal formalities for online Private Limited Company registration, ensuring full compliance with the Ministry of Corporate Affairs (MCA) regulations and a smooth incorporation process.

Advantages of a Private Limited Company

• Limited Liability: Shareholders are liable only up to the extent of their capital contribution, safeguarding personal assets from business debts and obligations.

• Distinct Legal Identity: A PVT LTD has its own legal identity, separate from its owners. It can own assets, enter contracts, and initiate or defend legal actions independently.

• Continuous Existence: The company continues irrespective of changes in shareholders or directors. Its existence is not tied to any individual’s lifespan.

• Ease of Funding: Raising capital is simpler through share issuance, venture capital, or angel investors, making it easier to secure growth funding.

• Tax Benefits: Private Limited Companies may qualify for various tax exemptions, making them tax-efficient entities.

• Credibility and Trust: Having “Pvt. Ltd.” in your company name enhances trust and credibility among customers, partners, and suppliers.

Disadvantages of a Private Limited Company

• Compliance Burden: PVT LTD companies must adhere to regulatory requirements, including annual filings, audits, and financial reporting.

• Complex Setup: The process and costs are higher compared to simpler business structures.

• Share Limits: Maximum of 200 shareholders, and shares cannot be freely transferred.

• Public Disclosure: Financial statements are publicly accessible, which may affect privacy.

• Exit Complexity: Selling or exiting the company is more complicated than other structures.

• Slower Decisions: Involving multiple directors and shareholders may slow decision-making.

Requirements for Registering a Private Limited Company in India

• Directors and Members: Minimum two directors and two shareholders are required. At least one director must be an Indian resident (lived in India for 182 days in the previous year).

• Director Identification Number (DIN): Every director must obtain a DIN from the Ministry of Corporate Affairs (MCA).

• Company Name: The name should reflect the company’s primary business activity and comply with MCA naming guidelines.

• Registered Office Address: The company must provide a permanent registered office address where business operations and records are maintained.

Step-by-Step Process for PVT LTD Registration Online

Step 1: Obtain Digital Signature Certificate (DSC)

All directors and shareholders must secure a Digital Signature Certificate for signing forms online. Foreign nationals must provide notarized and apostilled documents.

Step 2: Obtain Director Identification Number (DIN)

Directors without a DIN must apply for one. This is mandatory for company incorporation.

Step 3: Name Reservation (SPICe+ Part A)

Submit the SPICe+ Part A form to reserve a unique company name. Include business type, industrial activity, and two proposed names for approval.

Step 4: Company Details Submission (SPICe+ Part B)

Provide capital details, registered office address, director and subscriber information, stamp duty, PAN & TAN application, and required attachments.

Step 5: Draft and Submit MOA & AOA

Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) outlining the company’s objectives and rules. Submit digitally signed documents to MCA.

Step 6: File AGILE-PRO-S Form

Register for GST, EPFO, ESIC, bank account, and state-specific licenses through this integrated form.

Step 7: Certificate of Incorporation (COI)

Upon approval, the Registrar of Companies (RoC) issues the Certificate of Incorporation along with CIN, PAN, and TAN — officially recognizing your company as a legal entity.

What Is a Company Registration Certificate?

The Certificate of Incorporation is a government-issued legal document confirming the formation of your company under the Companies Act, 2013. It serves as your company’s legal birth certificate and authorizes it to:

• Own assets

• Open a bank account

• Apply for statutory registrations (like GST)

• Enter into legal contracts

• Raise capital from investors

Key Details on the Certificate

• Company Name

• Corporate Identification Number (CIN)

• Date of Incorporation

• PAN & TAN (if applied during registration)

• Company Structure (Private Limited, LLP, OPC, etc.)

• Registered Office Address

Documents Required for Online Company Registration

For Indian Nationals (Directors/Subscribers)

• Affidavit confirming intent to become shareholder

• Proof of Registered Office (Rental agreement + NOC or Ownership documents)

• Utility bills (electricity, water, gas) not older than 2 months

• Name approval documents (if restricted words or trademark involved)

• Identity and address proof of directors/subscribers

For Foreign Nationals

• Valid Passport

• Address proof (Driving License, Residence Card, Bank Statement, or government-issued ID)

Timeframe for Private Limited Company Registration

With the SPICe+ (INC-32) digital form, PVT LTD registration typically takes 7–10 working days, including approvals for DIN, company name, and Certificate of Incorporation. This streamlined process has simplified company formation and reduced turnaround time.

Post-Registration Compliance

After incorporation, adhering to post-registration compliance is essential, including:

• Annual filings with MCA

• Maintaining statutory registers and records

• Conducting audits

• Updating changes in directors, shareholders, or registered office

Register Your Private Limited Company with NSRM

At NSRM & Associates, we specialize in Private Limited Company Registration in India. Our expert team provides end-to-end support for startups, SMEs, and entrepreneurs.

How NSRM Helps You

• Expert Guidance: Step-by-step support throughout the registration process

• Name Availability & Reservation: Ensure your preferred name aligns with MCA rules

• Document Compilation: Efficient preparation and verification of all required documents

• DSC & DIN Assistance: Smooth processing of Digital Signature Certificates and Director Identification Numbers

• MOA & AOA Drafting: Legally compliant and customized company agreements

• PAN & TAN Application: Complete tax registration support

• Affordable Registration Fees: Cost-effective services without compromising quality

• Timely Updates: Keep track of your company registration progress

With NSRM, you can confidently register your Private Limited Company and focus on growing your business while we manage the legal, compliance, and documentation process.