Proprietorship Business startup in India
Proprietorship Busines setup is now easy when done by FileFunda. We provide quick and affordable service to register a private limited company through 100% online process (WhatsApp your documents we will do the rest).
Register a Pvt Ltd Company
Company is a popular option to start a business in India by startups and businesses with higher growth aspirations. Pvt Ltd company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA). It is a registered corporate structure, that provides business a separate legal identity from its owners. Hence, providing key advantages like the ability to contract in its own name, and safeguard personal assets of the owners from business liabilities.
Private Limited Company vs. LLP
Pvt Ltd Company and LLP both are limited liability structures. However, companies offer certain key advantages, especially for startups. Ownership of the company is defined by share capital, which is easy to transfer compared to ownership transfer in LLP. Also, it clearly differentiates management and ownership. Hence, it is preferred by VCs, angel investors and banks for providing debt or equity funding.
However, one should also consider higher compliance and mandatory audit requirement, making it an expensive structure to maintain.
Advantages of Private Limited Company Registration
Pvt. Ltd. Company registration process is stringent enough to make this structure credible among others which makes fundraising or borrowing from external sources easier. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.
Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.
The company’s obligation or debts of does not create a charge over the owner’s personal assets. Their liability stays limited only to the capital subscribed and unpaid by them.
The separate ownership and management help both – the company and the management to focus on their potential works. The shareholders assign responsibility to operate and run the company without losing control in the form of voting.
Documents required to register a Private Limited Company
Formulation of Company Name
Register a Company in 3 Easy Steps
Process to Register a Company in India
- Pick a Package that best fits your requirements
- Fill in our questionnaire that takes less than 10 minutes
- Provide basic details & documents required for registration
- Make payment through secured payment gateways
- Review of documents and information provided
- Application for Digital Signature Certificate
- Assigned Relationship Manager
- Procurement of Digital Signatures (DSC)
- Application for Company Name Registration
- Documents drafting including MOA and AOA
- Certificate of Incorporation
- Application for PAN and TAN
- Checking Name availability
- Drafting of MoA, AoA & other required documents
- All it takes is 3-10 working days*
- Name reservation application under SPICe
- Filing company registration application
- DIN allotment application
- Application for PAN and TAN of company
- Government processing time
After Incorporation what you get:
* If opted for GST Registration then only GST Registration Certificate will be given.
COMPARE RELATED SERVICES
Compare different business structures to choose the right entity type
Over 1 Lakh Companies registered Annually in India
Be the part of corporate India
FREQUENTLY ASKED QUESTIONS
Explore Private Limited Company Registration
Yes, you can register your company at your residential address. There is no issue, you need only the utility bill copy of the same.
Yeah, it’s a good idea to register on your family member on the Paper. Even on later stage you can change this or transfer the shares of the directors.
It depends on Government Processing and approval. But when you register your Company with FileFunda it is fastest, on an average it takes up to 3 to 10 working days to register a private limited company in India.
It costs nearby 7999/- INR except in some state like Punjab, Kerala and MP State due to Stamp Duty. The package is for two directors only, in case of each additional Director or Shareholder will cost ₹1500. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
It’s a just a maximum share value which you can issue in your company so it’s not mean that you have to invest the 1 lakh rupees. you can start your own private limited company with any amount of capital, even it could be 2 rupees only.
GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it’s a completely separate registration apart from private limited company registration.
Yes, with the private limited company registration under startup india is possible. simply register your Pvt Ltd company and register with the startup india portal.
Yes you can run the multiple business under one private limited company. For ex if you deal into the trading of the products and services both then you can mention in your MOA during the Pvt Ltd company registration.
In the private limited company all the eForms has to be filed with the DSC issued by a CCA approved Certifyinh Authority.
Basically, with the private limited company registration, you company name has been secured. but if we talk about the logo registration then there is separate trademark registration
It’s a life time validity of the private limited company registration certificate. but there are some situation where private limited company name can be terminated from the ROC –
– if the company are not able to start the business within 1 year of the incorporation.
– if the company are not filings regular Annual Returns.
Yes, you can become director of the company if you are not bounded with any employment contract for the same, for more details must check your employment agreement.
No, you don’t need to be present any Government office, you have to just provide us the documents as scanned copy via our web portal or email or whatsapp and we will do the rest for you.
If we talk about the annual maintenance or compliance then its include following things ;
#1 Appointment of the Auditor with the statutory audit of the accounts (ADT-1).
#2 Commencement of Business (Form INC 20A)
#2 Filings of the AGM, Annual Return and financial statement
#3 Filings of the Income Tax Return for the same.
Yes, because it does not required any prior approval from the reserve bank of India. so they can easily setup through this legal entity
Yes Private limited company conversion is possible into the LLP or OPC etc but you can’t convert into the basic form like Proprietorship or Partnership.
Limited liability protection is likely to responsible only to limited amount for the debt in private limited company. mean your personal assets are separate from the company liabilities.
More Questions? Seek Help of an Expert
We take pride! Not in our work, but in your words.
FileFunda registered our private limited company in just 4 days, I just mailed them my documents, it was really hassle free and so easy to Incorporate our dream company.Syed Abubakkar SiddiqueMD, Serprok Technologies Private Limited
FileFunda team registered my brand Trademark seamlessly, even in covid-19 pandemic they processed my Trademark application within 2 days only. Super fast service.Nityananda SahaProprietor of Trademark, ATTAJA
They registered our law firm's LLP in just 3 days, sent all the documents over WhatsApp and few documentations, our LLP was registered.ANUPAM BRAHMABrahma & Sarkar Associates LLP