Private Limited Company Registration
Register your Private Limited Company at Just ₹ 9,999/- only
Get Started By paying Rs. 9,999/-
Private Limited Company
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
.Sprinthub Solutions 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 096436-69475 or email info@sprinthub.in for Private Limited company registration and Compliance services
Advantages of Private Limited Company
Separate Legal Existence
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.
Fund Raising
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.
Limited Liability
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.
Digital Signatures of Subscriber and Directors
A Company has a perpetual existence, once it is registered lives forever until and unless it is not winded up by the Promoters or the Government.
Documents Required for Incorporation
PAN Card
PAN Card of the Member and Directors of the proposed Company Passport in case of Foreign Nationals
01
Identity Proof
Identity Proof of the Member and Directors of the proposed Company (Aadhar /Voter ID/Driving License/Passport)
02
Address Proof
Address Proof of the Members and Directors (Utility bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
03
Latest passport
Latest passport size photograph of Member and Directors
04
Business Address Proof Owned Property
(Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
05
Business Address Proof Rented/leased
Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
06
Note:-In case of NRI or Foreign National documents of Directors and Subscribers must be notarized or apostilled.
Process of Incorporation of Private Limited Company
1.Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
2. Document Processing
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.
3. Application for DSC
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.
4. Name Availability
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.
5. E-filing for incorporation of a Company
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.
6. Get certificate Incorporation
Once the Company gets incorporated we will share all the docs like Incorporation Certificate, MOA , AOA and Digital Signatures.
More Insights on Private Limited Company Registration
How to Select the Name of Company
Other Key Points
- 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 Sprinthub Solutions.
- 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. Sprinthub Solutions has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
Income Tax Rate for Private Limited Companies for F.Y. 2020-2021
Domestic Company Turnover > Rs. 400 Cr
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
| Upto 1 crore | 30% | Nil | 4% |
| Above 1 crore but upto 10 crore | 30,00,000+ 30% | 7% | 4% |
| Above 10 crore | 3,00,00,000+ 30% | 12% | 4% |
Domestic Company Turnover < Rs. 400 Cr
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
| Upto 1 crore | 25% | Nil | 4% |
| Above 1 crore but upto 10 crore | 25,00,000+ 25% | 7% | 4% |
| Above 10 crore | 2,50,00,000+ 25% | 12% | 4% |
Choose the right entity type after comparing different business structures
| 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 |
| Get Started | Know More | Know More | Know More | Know More | Know More |