Steps to Register a Private Limited Company Online in India

Private Limited Company Registration in Swargate, Pune - I Connect

Private Limited Company Registration in Swargate, Pune

What is a Private Limited Company?

A private limited company is a company privately held for small groups. This sort of enterprise entity limits proprietor legal responsibility to their shareholdings, the variety of shareholders to 200, and restricts shareholders from publicly buying and selling shares.


What are the blessings of Private Limited  Company Registration in India?

Limited threat to personal property – The shareholders of a private limited company have restricted legal responsibility. This approach that as a shareholder you may be susceptible to pay for the company’s legal responsibility handiest to the volume of the contribution made with the aid of using you. The shareholders do now no longer have any private legal responsibility and subsequently want now no longer to pay for the company’s legal responsibility out in their very own property.


Legal Entity – A PLC has a separate prison entity extraordinary from you. This approach that the Company is liable for the control of its property and liabilities, borrowers and lenders. You will now no longer be held liable for the losses of the agency. So, the lenders can’t continue in opposition to you to get better the money.


Raising Capital – Even even though registering a PLC comes with compliance requirements, it’s far favored with the aid of using marketers because it allows them to enhance the budget thru equity, expand, and on equal closing dates the legal responsibility.


Trustworthiness – Companies in India are registered with the Registrar of corporations(ROC)        under the Companies Act 2013. Anyone can test the info of the company through the Ministry of Corporate Affairs (MCA) portal. Also, the info of all of the administrators is furnished at the same time as the formation of the company. Hence a PLC shape of enterprise shape is dependent on extra.


Continue Existence – A company has ‘perpetual succession’, i.e. hold or uninterrupted life till it’s far legally dissolved. A company, being a separate prison person, is unaffected with the aid of using the loss of life or cessation of any member however remains in life no matter the adjustments in membership.


Different types of company registration

There are different types of company registration consisting of


  1. Partnership Firm Registration
  2. Proprietorship Firm Registration
  3. Limited Liability Partnership (LLP) Registration
  4. One Person Company (OPC) Registration
  5. NGO Registration ( Section eight Company Registration )
  6. Company registration


How to Register Private Limited Company:

Looking to check in your company as a private limited company? Registering your agency as a private limited company is tough because the technique is complex and entails many compliances. Do now no longer worry as our specialists will let you in each step of the private limited company registration. Instead of analyzing thru the whole registration method, you may avail our professional carrier.


Step 1: Obtain Digital Signature Certificate (DSC)


Step 2: Obtain DIN


Step 3: Name Availability*


Step 4: Form SPICe+ INC-32


Step 5: e-MOA and e-AOA


Step 6: PAN and TAN Application


* The RUN Web carrier in advance to be had for name availability can be to be had handiest for alternate in name of an existing company. The alternate is powerful from 23 February 2020.


Steps to check-in for Private Limited Company

Step 1: Obtain DSC (Digital Signature) Digital signatures are required to document the forms for company formation. The registration method is absolutely online and the bureaucracy requires a virtual signature. DSC is obligatory for all subscribers and witnesses withinside the Memorandum of Association (MOA) and Articles of Association (AOA).


You have to reap the virtual signature certificate from the government-diagnosed certifying government. The listing of such licensed government may be accessed here. Or you may get your DSC online in only days from here. The fee of acquiring DSC varies relying upon the certifying authority. You have to reap the elegance three classes of DSC.


Step 2: Apply for DIN (Director Identification Number) DIN is an identity variety for a director. It must be received with the aid of using everybody who desires to be a director in a company. One DIN is sufficient to be a director in any variety of corporations.


There are three methods of acquiring DIN:


Option 1: File form DIR three. Form DIR-three is relevant to someone who desires to emerge as a director in an existing company. This shape required simple info of the proposed director together with identification evidence like PAN, Aadhaar Card, etc, and cope with evidence. With impact from 23 February 2020, withinside the case of the latest corporations, DIN may be carried out withinside the SPICe+ form for up to a few directors.


Option 2: With submitting SPICe+, DINs get issued to the proposed administrators who do now no longer have a DIN. Under this method of submitting through SPICe+ (INC 32), most of the 3 administrators can practice for DIN. If the applicant desires to contain a Company with extra than three Directors and extra than three humans doesn’t have DIN, in the sort of scenario the applicant has to contain a Company with three Directors and must hire new administrators in a while after incorporation.


Option 3: Click at the link & allow an Iconnect professional to procure DIN for you. If you pass for Private Limited Company – Registration with ClearTax, up to two DINs are protected withinside the plan & there’s no want to use for DIN separately.


Step 3: Name Approval


To get the name approval, there are the subsequent options:


Option 1: Reserving the name via Part-A of SPICe+ Form: In a try to ease tactics for brand new in addition to present corporations,w.e.f 23 February 2020, the Ministry of Corporate Affairs (MCA) has brought SPICe+ net carrier for the incorporation of a company. Part-A of the SPICe+ form lets in for ‘name reservation’ with proposed names and one re-submission (RSUB) at the same time as booking Unique Names for the Companies.


In case of rejection of the name because of any similarity of name with a registered company, an LLP, or trademark or because of non-adherence of the Companies (Incorporation Rules) 2014, the applicant has to re-document some other SPICe+ form with the prescribed fee. However, after the approval of the call, it will likely be reserved for a length of 20 days inside which the company has to continue for incorporation with the aid of using submitting Part-B of the SPICe+ form.


Please notice that DSC and DIN shall now no longer be required for filling of SPICe+ form for reservation of name. Only MCA Account is obligatory.


Option 2: Name approval with the aid of using submitting Part-A and Part-B of SPICe+ Form collectively: You can practice for the proposed call together with the software for incorporation. Part-B of the SPICe+ allows making use of for incorporation. Similar to the sooner SPICe form, SPICe+ additionally allows mixed software for incorporation and name approval. That approach the Part-A and Part-B of the SPICe+ shape may be submitted collectively. However, the handiest one name may be carried out to this form.


In case of a mixed software, in case of rejection because of non-approval of the name, the applicant gets a 2nd threat of refilling the equal SPICe+ form with none in addition charges. It approaches you to get probabilities of submitting the equal form with none greater price of paying Rs. 1000/- each the time. The resubmission of the SPICe+ form (each for standalone name approval and incorporation) may be made the usage of the ‘call carried out for’ or ‘software variety’ link to be had at the consumer’s dashboard.


In case of failure to get the name authorized withinside the 2nd pass, you may document the SPICe form once more from scratch. This will any day show to be inexpensive than choosing the primary option. The complete method such as name approval and incorporation takes around 2-three days


Step 4: Form SPICe+ (INC-32) The MCA has brought Form SPICe+ for the registration of the latest corporations from 23 February 2020. The incorporation under Part-B of the SPICe+ form is likewise net-primarily based totally and streamlines the incorporation of corporations.


Upon the name approval, the applicant can click on the link of the authorized name (to be had at the consumer’s dashboard) and hold to finish the incorporation. The Part-B of the brand new SPICe+ form allows the net-primarily based totally incorporation and serves the subsequent functions with the gain of a single software:


Application for allotment of DIN (Director Identification Number)

Reservation of company name

Incorporation of a brand new company

Application for PAN and TAN (mandatory)

Application for EPFO registration (mandatory)

Application for ESIC registration (mandatory)

Application for Professional tax registration (handiest for Maharashtra)

Application for establishing a financial institution account for the company (mandatory)

Allotment of GSTN (Goods and Service Tax registration variety) if carried out for (optional)


The new SPICe+ form allows net-primarily based totally entries and real-time validation of information making incorporation an unbroken and short method. The info crammed in Part-A and Part-B of SPICe+ can be routinely crammed withinside the related bureaucracy AGILE-PRO, eAoA, eMoA, URC1, INC-9 (as relevant).


All those forms must be downloaded in PDF and digitally signed and later submitted for incorporation functions. Upon the submitting of the SPICe+ form, the consumer has to additionally download the form SPICe+ in a PDF layout and affix the DSC to digitally sign the form.


The virtual signature of an expert is needed to document Form INC-32. The expert has to certify that every one of the records given withinside the form is correct. The expert may be Chartered Accountant, Company Secretary, Cost Accountant, or advocate.


Prior to May 2015, the registration of corporations required the filling up of numerous files, consisting of the DIR–three for obtaining the DIN (Director Identification Number), INC-1 for acquiring a name, INC–7 for registering the company with the Memorandum and Articles of Association, INC–22 for the registered workplace and finally, Form DIR-12 for the administrators. With impact from January 2018, New Process of Name Approval “RUN” notified and e-form INC-1 omitted. INC-7 form omitted.


Now, all of that Form had been merged collectively withinside the SPICe+ form and RUN carrier is to be had handiest to alternate the prevailing call. The handiest manner out for incorporation of the Company is the SPICe+ form. No ROC charges for Incorporation of the Company up to ten losses of legal capital.


Step 5: e-MoA(INC-33) and e-AoA (INC-34) e-MoA refers to an electronic Memorandum of Association and eAoA is electronic Articles of Association. These forms had been brought to simplify the method of company registration in India.


Memorandum represents the constitution of the company at the same time as articles of affiliation incorporate the inner policies and rules of the company.


Earlier memorandum of affiliation and articles of affiliation have been required to be filed physically. But now those Form are filed online at the MCA portal as a related form with SPICe+ (INC-32). Both those Form have to be digitally signed with the aid of using subscribers to the Memorandum and Articles of Association.


Step 6: PAN and TAN Application Through this single form SPICe+, you may additionally practice for the company’s PAN and TAN. The machine will auto-generate those forms after the submission of the SPICe+ form. The Certificate of Incorporation of PLC is issued with the PAN as allocated with the aid of using the Income Tax Department after approval of the SPICe+ Form. An email containing the Certificate of Incorporation, PAN, and TAN can be despatched with the aid of using the MCA. The Income Tax Department will problem the PAN card.


If all of the info withinside the form is duly filled in together with the desired files, MCA will approve the registration and a CIN (Corporate Identity Number) can be allocated. You also can track this CIN online at the MCA portal.


Documents required for submitting SPICe+ (INC-32)

The following documents have to be filed with SPICe (INC-32) for private limited company registration:


  1. Where director and subscriber are Indian Nationals


An Affidavit on a Stamp Paper is to be given by all of the subscribers of the Company to state their willingness to become the shareholders of the Company


Proof of office address – Rental Agreement or Ownership Deed consisting of Sale Deed

Copies of utility bills consisting of electricity bills, water bills, or gas bills now no longer older than  months

Copies of utility bills that aren’t older than  months

Copy of approval in case the proposed name of the company includes any word(s) or [removed]s) that require approval from the central government


If the proposed name is primarily based totally on a registered trademark or is the problem remember of software pending for registration under the Trade Marks Act, then it’s far mandatory to attach the trademark registration certificates or trademark application copy

NOC from the owner of the property, if the registered office is on a rented/leased belongings.


In case of subscribers/ Director does now no longer have a DIN, it’s far mandatory to connect, proof of identity, and address proof of the subscribers

B.Where director/subscriber is a foreign National



Address proof: It may be a driving license, residence card, bank statement, Government issued form of identity containing an address

How Iconnect Helps in Private Limited Company Registration?

With I connect, you may establish your private limited company seamlessly. You can register your Private Limited Company in only four easy steps:


Step 1: Purchase the Plan


Purchase our Private Limited Company (PLC) Registration plan. You may even chat with our experts with the aid of using coming into your email, phone number, and asking for a callback. Our experts will touch you and clear all of your queries.


Step 2: Upload the Documents on our Website


Upload the below-stated documents on our website to incorporate your company:


Passport size photos of directors

Address proof of directors

Photo ID proof of directors

Specimen signature

Self-declaration is approximately your directorship in different companies

Rent agreement of your registered office

No objection certificates from the owner of the property of the

Aadhaar card

PAN card

The company registration from Iconnect is absolutely online and thus, you may save money and time as you need not have to go to our office.


Step 3: Document Verification with the aid of using our Experts and Signature of Documents


Our experts will verify the documents uploaded with the aid of using you. You will want to attest your signature to the files.


Step 4: Our Experts will File Forms at the MCA portal to Incorporation your Company


Our experts will document the below forms on behalf of you at the MCA portal –


Digital Signature Certificate (For 2 proposed directors) Application

Company Name Reservation

Filing of e-forms with ROC


After the company forms are filed at the MCA portal, the Registrar of Companies (ROC) and the respective departments will verify the forms submitted with the aid of using our professional. The verification method takes around 10 days (problem to departmental approval and reverts from the respective departments).


Our experts will follow up with the respective authorities until you receive the Incorporation Certificate. After the verification process is complete, you may acquire the Incorporation Certificate together with PAN and TAN in approximately 10 days.


What is the fee concerned in Private Limited (Pvt Ltd) Company Registration?

Please contact our experts for complete pricing details.


What is the Time required to register a Private Limited company?

The complete method such as approval of DIN, Name, and Incorporation takes around 10 working days. However, nowadays registering a Company has emerged as a quick method as all files are dragged in a single application form with MCA. It is a big step toward e-governance and for groups that might be seeking outgrowth of operations.


Frequently Asked Questions


What are the prerequisites to incorporate a Private Limited Company?


The prerequisites for the incorporation of a private limited company are that:

The number of contributors has to be among 2-200.

There have to be as a minimum  directors and  shareholders

Each director have to have a Directors Identification Number (DIN)

PAN card copy of directors/shareholders and Passport copy for NRI subscribers.


Can the private company be included with a residential address?


Yes. The company needs to offer address proof for incorporation. But the Ministry of Corporate Affairs (MCA) lets in a residential address for use as the company’s registered address. Thus any address may be provided as the registered address.


What are MOA and AOA?


Memorandum of Association (MOA) is described under section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers, and items of the company.

The Articles of Association (AOA) is described under section 2(5) of the Companies Act. It info all of the rules and rules regarding the control of the company.


How is SPICe INC 32 different from SPICe+ INC 32?


While SPICe is a form, SPICe+ is an incorporated Webform providing 10 offerings with the aid of using three Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue withinside the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many tactics, time, and charges for Starting a Business in India. SPICe+ is a part of numerous initiatives and commitments of the Government of India toward Ease of Doing Business (EODB). SPICe INC 32 turned into being filed for company incorporation prior to the fifteenth of February 2020. Currently, for incorporating all new companies, the SPICe+ form is needed to be filed at the MCA portal.


Is there a restriction on the number of directors that can use the SPICe+ INC 32 for acquiring DIN?


For the incorporation of the company, a maximum of 3 directors can use the integrated form for filing applications for the allotment of DIN.


Are PAN and AADHAR mandatory for the subscribers to MOA and AOA?


No. The Companies (Incorporation) Third Amendment Rules dated twenty-seventh July 2016 have comfortable the required attachment of proof of identity and house in respect of a subscriber having a valid DIN.

Is it mandatory to document eMOA and eAOA together with SPICe+ INC 32?

Yes, it’s far mandatory to document eMOA and eAOA withinside the following circumstances:

man or woman subscribers are Indian nationals

If individual subscribers are foreign nationals, then they have got a valid DIN and DSC and additionally submit proof of a valid business visa

non-individual subscribers are primarily based totally in India


How are PAN and TAN communicated to the user once SPICe INC 32 is accepted?


On acceptance of SPICe forms, the Certificate of Incorporation (COI) can be issued with valid PAN and TAN as allocated with the aid of using the Income Tax department. An email with the COI as an attachment together with PAN and TAN can be despatched to the applicant. PAN and TAN withinside the email can be held valid because the requirement for a laminated card for PAN has been achieved away with.

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