Private Limited Company Registration
Starting @15,000/-
No more delays ! Difficulties ! Register Your Business With Vadodara’s #NO.1 Provider Of Company Incorporation service.
BENEFITS OF REGISTERING A PRIVATE LIMITED COMPANY
Limited Liability Protection to
Director's personal assets :
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans.
Better image and credibility
in the Market :
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partner's personal savings and property would be at risk incase business is not able to repay its loans.
Easy to raise funds and loans :
Pvt Ltd company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Favourite business structure for investors :
Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to take exit from a private limited company.
Easy to attract employees :
For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations and stock options.
Easy to sell :
Private Ltd. is easy to sale, very less documentation and cost is involved in selling a Pvt Ltd company.
Documents Required for Private Limited Company Registration
- Scanned copy of PAN card or Passport of Director
- Scanned copy of voter ID/passport/driving of Director
- Scanned copy of the latest bank statement of Director
- Scanned passport-sized photograph specimen signature (blank document with signature )
- Scanned copy of the latest electricity Bill as business Address
- Scanned copy of notarised rental agreement in English
Startups in India can gain an edge over non-registered competitors by registering their company. While the process of registration is getting complicated and involves numerous compliance requirements, need not worry as Dexter Consultancy is here to assist you at every step of the way. Our team of professionals can provide comprehensive support for pvt ltd company registration.
Step - 1 : RUN Name Approval
The first step of company registration involves the registration of your desired name. To reserve a name for your company, you need to first submit a request for name approval to the Ministry of Corporate Affairs (MCA). You may include one or two potential names, along with a description of your business objectives, in your application for name approval. If your first choice is not approved, you may submit one or two additional names for consideration. Typically, the MCA approves name requests within five business days. Our team of experts can help you choose the ideal name for your company and guide you through the government registration process.
Step 2: Directors' Digital Signature Certificate (DSC)
The MCA in India does not recognize traditional signatures. Instead, all filings with the MCA must include a digital signature certificate by an Indian certification authority. Thus, it is mandatory for directors to have digital signatures prior to the company's incorporation. Dexter Consultancy will obtain a digital signature certificate (DSC) for the directors through a recognized certification entity. To obtain a digital signature, directors must provide a copy of their identification documents and successfully complete a video KYC process. If a director is a foreign National, the nearest embassy should apostille their passport and other documents for company registration.
Step 3: Submitting the Company Incorporation Application
After obtaining the necessary digital signatures, submit the incorporation application in SPICe form along with all relevant attachments to the MCA. The application for incorporation includes the company's Memorandum of Association (MOA) and Articles of Association (AOA). If the MCA deems the incorporation application to be complete and acceptable, the company can get the Incorporation certificate and PAN. Typically, the MCA approves all incorporation applications within five business days.
Comparative List of Different Types of Business Structures in India
| Company type | Ideal for | Tax advantages | Legal compliances |
|---|---|---|---|
| Limited Liability Partnership | Enterprises that focus on services or require little investment. | Advantage on depreciation | Company tax returns to be pointed ROC returns to be filed. |
| One Person Company | Sole proprietors peeking to limit their liability. | Tax holiday for first 3 years under Startup India Higher advantages on depreciation No tax on compensation distribution | Business recoveries to be filed, Limited ROC compliance. |
| Private Limited Company | Companies that have a high turnover. | Tax holiday for first 3 years under Startup India Higher advantages on depreciation | Business tax returns to be filed ROC returns to be filed An audit is mandatory. |
| Public Limited Company | Companies with a an increased turnover. | Tax reduced to 25% from 30%. | Business tax returns to be filed. Compulsory Audits. |
Looking For Best Tax Consultancy Services in Vadodara?
In addition to providing software services , we also offer expert services to help you manage your business and legal compliances.
Goods & service Tax
GST Registration , GST Return Filing , GST Consultancy.
Accounting Service
Monthly, quarterly, and annual financial reporting statements.
Company Registration
LLP , Private Limited Company, Proprietorship.
Income tax Return
Income Tax Return, Tax consultancy, Tax Planning and Assessments
Drafting Of Legal
Affidavits , Shareholder Contract Drafting , Master Purchase and Sale Agreements.
Audit & Assurance
Internal Audit,Stock Audit,Statutory Audit Assurance.
