How to check if your company name is Unique or already registered in MCA website

If you've already submitted your forms and documents for online company registration, you can check the status of your application by visiting the online portal of the Ministry of Corporate Affairs. On the home page, look for the option "View LLP Master Data or Company Data" listed under the MCA Services tab. Fill in your CIN (company identification number), captcha for verification, and click on the icon beside it to see the details.

How to Choose the Right Legal Structure for Your Online Company in India?

There are different types of legal structures for small and midsize businesses, as mentioned under the business laws. It includes private registration, public registration, partnership, sole proprietorship, S corporation, corporation, LLC (limited liability company) registration, etc. Business owners need to consider their type and nature of business, as well as tax and legal aspects, while registering their business. It would seem like a challenging task at first. Therefore, it is recommended that you hire a skilled, seasoned, and professional company registration service for your business.

What Common Mistakes to Avoid During the Online Company Registration Process in India?

Business owners must avoid typos or common grammatical errors in the name of the company or in other fields, when registering their business at the official MCA portal. They must provide relevant details related to the establishment. They should choose the appropriate category for their business and mention details of all shareholders, share allocations, etc., Additional regional taxes and laws applicable on the registration process also need to be considered.

what are the post incorporation compliances?

After you've successfully registered your private limited company, you have to take care of the following compliances within 15 to 30 days of registration. 1) Opening Of A Business Account: An official bank account needs to be opened in the company's name within 60 days from its date of inception to maintain a record of all the business transactions. 2) Filling Of Form INC-22: All business owners must register their business location (i.e., the company's official address) for formal communication by filling out the Form INC-22. It needs to be done within 15–30 days of registration. 3) Appointment Of A Company Auditor: As per the Companies Act's Section 139(1), a business must appoint an auditor within a month of registration. 4) Statutory Register Maintenance: All external communications happening at the company's end must carry mandatory details. E.g., Name, address & contact details of the company, website link, CIN, etc. This information needs to be present on the letters, invoices, notice papers, and other forms of official publications. 5) Formalities Associated With The Company Directors: The Companies Act 2013, Section 173 (1) necessitates the organisation of a meeting with the BODs (Board of Directors), within a month of registration. Following that, the directors need to disclose their interests to the company, as mentioned in the Companies Act 2013, Sec. 184(1). 6) Filing the INC-20A: After receiving the private company incorporation certificate, all directors are expected to submit the INC-20A Form within 3 months of the company registration to commence any business. 7) Issuing Of Shareholder Certificates: The company must allot specific shares to the shareholders by officially issuing a certificate within two months of incorporation. 8) Bookkeeping: The Section 128 of the Companies Act makes it necessary for all business owners to maintain their accounts books, which shall be audited on a regular basis.

What are the local registrations that a company should obtain before starting operations?

Besides receiving the company incorporation certificate, the business owners also need to apply for the GSTIN (GST Identification Number), Shops & Establishment License (what we know as the trade licence), tax registration, TAN (Tax deduction account number), PAN (official permanent account number for the company), utilities permit from local municipal corporations, ESI (Employees State Insurance) Registration, EPF (Employees Provident Fund Registration), etc. Therefore, experts recommend that business owners hire an expert to help them apply for the necessary licences.

How long does it take to complete online company registration?

In India, online company registration usually takes around 10-15 days to complete. The process involves obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN), filing the required documents, and obtaining the Certificate of Incorporation from the Registrar of Companies (ROC). The time taken can be reduced by ensuring that all required documents are complete, accurate, and submitted in the proper format. Expedited registration services are also available for an additional fee.

Private Limited Company Registration In India

Register your private limited company in India efficiently online with BC Shetty & Co. Trusted chartered accountants overseeing a seamless company incorporation process. Contact us now!

At B C Shetty & Co., we specialize in providing private limited company registration in India. Whether you’re an entrepreneur, a startup, an SME, or a foreign investor, we are here to simplify the process and ensure compliance with all legal requirements.

Understanding Private Limited Companies in India

A Private Limited Company (Pvt Ltd) is a legally recognized business that is separate from its owners. This means the company, not the owners, is responsible for its debts. In India, registering a Pvt Ltd company under the Companies Act, 2013 is mandatory. This process is done through the Registrar of Companies (ROC) to give the business a legal identity.

Private limited company registration allows a business to enter contracts, own assets, and take loans in its name. Running an unregistered business is illegal and can lead to penalties, lack of funding, and loss of credibility. Registering a Pvt Ltd company provides a structured framework for growth, making it ideal for startups, small businesses, and foreign investors.

Why Choose a Private Limited Company?

Choosing a Pvt. Limited company registration is a smart decision for many business owners, and here’s why:

Limited Liability: Shareholder’s liability is limited, meaning they aren’t personally responsible for company debts.
Access to Investment: It is easier to raise capital by offering shares to investors or venture capitalists.
Ownership Flexibility: You can have up to 200 shareholders, which provides flexibility in ownership.
Credibility: A private firm registration is often viewed more favorably by banks, clients, and investors.
Ease of Transfer:Shares are transferable, allowing for smooth business transitions.
Employee Retention:You can offer ESOPs (Employee Stock Option Plans) to retain and reward top talent.

Documents Required for Private Limited Company Registration

To register a private limited company, you’ll need the following documents:

Identity Proof: PAN card and Aadhaar card of directors and shareholders.
Address Proof:Passport, driving license, or utility bills of directors and shareholders.
Registered Office Proof:Rental agreement or ownership documents, along with an NOC from the owner.
Photographs:Passport-sized photos of directors and shareholders.
Memorandum of Association (MOA) and Articles of Association (AOA):Drafted and signed by the directors.
Digital Signature Certificate (DSC):This is mandatory for digitally signing the incorporation documents. As part of the application process, directors must also complete a video recording for identity verification, as per the Ministry of Corporate Affairs (MCA) guidelines.

Why Register Your Private Limited Company with BC Shetty & Co.?

Choosing the right partner for private company registration can make all the difference. Here’s why BC Shetty & Co. is the best choice for you:

Skilled and Experienced: Our team has extensive experience in company registration and understands the nuances of Indian laws.
Comprehensive Services: From private limited company registration to payroll outsourcing and CFO outsourced services, we offer end-to-end solutions.
Personalized Consultation: Every business is unique. Our team of qualified Chartered Accountants provide tailored 30 minutes advice to suit your specific needs.
Efficient and Timely Processing: We make sure the entire registration process is efficient and completed on time.
Compliance Assurance: We keep you compliant with all statutory requirements, so you can focus on growing your business.

If you’re ready to take the next step, contact BC Shetty & Co. today for a consultation, and let’s get started on your private firm registration!

Step-by-Step Process for Incorporation of Private Limited Company Registration In India

Here is a detailed, step-by-step process for incorporating a Private Limited Company Registration In India:

Step 1: Obtain Digital Signature Certificates (DSC)

Get DSCs for all proposed directors and shareholders.
Required for signing incorporation documents online.

Step 2: Apply for Name Reservation

File Part A of the SPICe+ form on the MCA portal.
Propose 1 or 2 names as per naming guidelines.

Step 3: Prepare Incorporation Documents

Draft and finalize:

oMoA (Memorandum of Association)
oAoA (Articles of Association)
oDIR-2 (Consent of directors)
INC-9 (Declaration by subscribers/directors
Proof of office address + NOC from owner

Step 4: Fill SPICe+ Part B Form

Complete Part B of SPICe+ for:

oCompany incorporation
oAllotment of DIN
oPAN & TAN application
oEPFO, ESIC, GST registration (if opted)

Step 5: File AGILE-PRO-S Form

Mandatory form for:

oGSTIN (if applicable)
oEPFO, ESIC
oProfessional Tax (if required)
Opening current bank account

Step 6: Submit Forms on MCA Portal

Submit SPICe+ forms with linked documents.
Pay fees and download acknowledgment.

Step 7: Receive Certificate of Incorporation

If approved, MCA issues:

Certificate of Incorporation (COI
oPAN & TAN
oCIN (Company Identification Number)

Step 8: Post-Incorporation Activities

Open bank account in the company name.
File Form INC-20A (Commencement of Business) within 180 days.
Hold the first board meeting.
Issue share certificates within 60 days.
Appoint an auditor within 30 days.

Steps to Register a Private Limited Company in India

At BC Shetty & Co., we guide you through the entire private limited company registration process with a focus on efficiency and simplicity. Here’s how we do it:

Step 1: Pre-Incorporation Consultation & Documentation

Personal consultation to understand your business goals and recommend the right company structure.
Guidance on documentation including:
- PAN and Aadhaar of all directors/shareholders
- Passport-size photos
- Proof of registered office (electricity bill, rental agreement, NOC from owner)
Ensures clarity and zero delays from the beginning.
Limited Liability to promoters, hence there personal assets are protected in case the business fails

Step 2: Obtain Digital Signature Certificates (DSC)

DSCs are required for all proposed directors and shareholders.
These are essential for digitally signing incorporation documents.

Step 3: Apply for Name Reservation (SPICe+ Part A)

File SPICe+ Part A to propose 1–2 unique names based on MCA guidelines.
Ensures quick approval and alignment with your brand.

Step 4: Prepare Incorporation Documents

Draft and finalize:

MoA (Memorandum of Association)
AoA (Articles of Association)
DIR-2 (Consent of Directors)
INC-9 (Declaration by Subscribers/Directors)
Proof of office address and NOC from property owner

Step 5: Fill SPICe+ Part B Form

File SPICe+ Part B to apply for:

Incorporation
Allotment of DIN (if not already obtained)
PAN and TAN
Registration under EPFO, ESIC, GST, and Professional Tax (where applicable)

Step 6: File AGILE-PRO-S Form

Mandatory filing to:

Register for GST, EPFO, ESIC, and PT (as applicable)
Open a current bank account

Step 7: Submit Forms on MCA Portal

Submit all SPICe+ forms (Part A, Part B, AGILE-PRO-S) with linked documents on the MCA portal.
Pay the applicable government fees and download the acknowledgment.

Step 8: Receive Certificate of Incorporation (COI)

Upon MCA approval, you will receive:

Certificate of Incorporation (COI)
Corporate Identification Number (CIN)
PAN and TAN for the company

Step 9: Post-Incorporation Activities & Compliance

We assist with:

Opening the company bank account
Filing INC-20A (Commencement of Business) within 180 days
Holding the first board meeting and passing statutory resolutions
Issuing share certificates within 60 days
Appointing a statutory auditor within 30 days

Ongoing compliance services:

Bookkeeping, statutory records, and annual audits
Annual General Meetings, board resolutions, and annual returns
GST and income tax filings
Labour law compliances including EPF, ESI, Gratuity, etc.

AFFILIATIONS

FAQ

What are the most famous and popular forms of business entities in India?

When it comes to starting a business in India, entrepreneurs typically choose from a few well-known legal structures. Each offers its own advantages depending on the size, nature, and goals of the business. The top choices include:

Private Limited Company (Pvt Ltd):
The most preferred option for startups and growing businesses. It offers limited liability protection, a credible legal structure, and greater ease in raising funds from investors and banks.
Limited Liability Partnership (LLP):
Ideal for professional firms and small businesses, LLPs combine the flexibility of a partnership with the benefits of limited liability.
One Person Company (OPC):
A great choice for solo entrepreneurs who want the benefits of a corporate structure without needing a co-founder.

At BC Shetty & Co., we help you choose the business structure that best suits your vision and growth plans.

What are the mandatory compliances of a Private Limited Company?

You need to file annual returns, hold AGMs, maintain financial records, and comply with tax laws like GST and TDS. It sounds complex, but we at BC Shetty & Co. handle all compliances so you can focus on growing your business.

Who is the Registrar of Companies (ROC)?

The Registrar of Companies (ROC) is a government body that oversees company registrations and ensures compliance with the Companies Act. Think of them as the official record-keeper for all companies in India.

What are the benefits of a Private Limited Company Registration in India?

A Pvt Ltd company offers limited liability (your personal assets are protected), facilitates fundraising, and enhances your business's credibility. Additionally, it’s ideal for startups and expanding businesses. At BC Shetty & Co., we ensure that registration is quick and hassle-free!

Does a Private Limited Company in India require a physical address or premise?

Yes, you need a registered office address for official communication. It can be rented or owned, and we’ll help you sort out the paperwork to make it official.

Can a Private Limited Company in India hold multiple businesses?

Absolutely! You can run multiple businesses under one Pvt Ltd company, as long as they’re mentioned in your Memorandum of Association (MOA).

Can NRIs or Foreign Nationals become Directors in a Private Limited Company?

Yes, NRIs and foreign nationals can be directors in a Pvt Ltd company. They just need a Director Identification Number (DIN) and must follow Indian laws. We’ll guide you through the entire process, making it smooth and stress-free.

What is DIN?

DIN is a unique number given to anyone who wants to be a company director in India. It’s like a director’s ID card. We’ll help you get your DIN quickly so you can start your business without delays.

What is a Private Limited Company?

A Private Limited Company is a business structure where the company is separate from its owners. This means the company can own assets, take loans, and enter contracts in its own name. It’s perfect for startups and SMEs. Let us help you set it up!

Can a small firm register as a Private Limited Company?

Yes! Even small firms can register as Pvt Ltd companies to gain credibility and protect personal assets. At BC Shetty & Co., we specialize in helping small businesses grow with the right structure.

What are the documents required for Private Limited Company registration?

Required documents include PAN, Aadhaar, address proof, photographs of directors/shareholders, registered office proof, MOA, and AOA. These ensure smooth registration and compliance with MCA regulations.

How do I register a Private Limited Company in India?

The process involves obtaining DSC and DIN, name approval, drafting MOA and AOA, and filing incorporation forms with the ROC. BC Shetty & Co. simplifies this process, ensuring timely and hassle-free registration.

What is the minimum turnover and capital required for a Private Limited Company in India?

There is no minimum turnover requirement for Pvt Ltd companies. The minimum paid-up capital is ₹1 lakh, but there’s no mandatory requirement to deposit this amount during registration.

Can one person start a Private Limited Company in India?

Yes, one person can start a Pvt Ltd company by appointing a nominee director. However, a minimum of two directors and shareholders are required for registration under the Companies Act, 2013.

Is registration necessary for a Private Limited Company in India?

Yes, registration is mandatory for Pvt Ltd companies under the Companies Act, 2013. Operating an unregistered business is illegal and can lead to penalties, loss of credibility, and funding challenges.

How many directors can a Private Limited Company have?

A Pvt Ltd company can have a minimum of 2 and a maximum of 15 directors. This allows flexibility in management and governance, making it suitable for businesses of all sizes. We’ll help you structure your board for maximum efficiency.

Do Private Limited Companies need to release annual reports?

Yes, Pvt Ltd companies must prepare and file annual financial statements and reports with the ROC. This ensures transparency and compliance with regulatory requirements.

What are the tax implications for a Private Limited Company in India?

Private Limited Companies are taxed at 25% (for turnover up to ₹400 crore) or 30% (above ₹400 crore), plus a 4% health and education cess. A surcharge of 7% or 12% applies for higher incomes. New manufacturing companies can opt for a concessional 15% rate under Section 115BAB. Apart from corporate tax, they must comply with GST, TDS, and advance tax regulations. Due to these layered obligations, professional tax advice is highly recommended for accurate and hassle-free compliance.

How do I close a Private Limited Company in India?

To close a Pvt Ltd company, you’ll need to follow a few legal steps. Start by clearing all dues and getting approval from the directors and shareholders. Then, file closure forms like STK-2 with the Registrar of Companies (ROC), along with documents like affidavits and indemnity bonds. Make sure all taxes are paid and bank accounts are closed. The process can take time and involves a lot of paperwork—but don’t worry, BC Shetty & Co. can handle it all for you, quickly and correctly.

Can I register a Private Limited Company without a physical office?

You need a registered office address, but it can be rented. Virtual offices aren’t allowed. We’ll help you find a solution that works for your business.

What is the process for filing annual returns for a Private Limited Company?

Annual returns must be filed using Form MGT-7, and financial statements using Form AOC-4. These must be submitted to the ROC within 30 days of the AGM, ensuring compliance with the Companies Act. We’ll handle all the paperwork and filings, so you don’t have to worry about missing deadlines.

Can a Private Limited Company have foreign directors or shareholders?

Yes, Pvt Ltd companies can have foreign directors and shareholders. They must obtain DIN, comply with FEMA regulations, and ensure proper documentation for seamless operations.

How long does it take to register a Private Limited Company in India?

The registration process typically takes 10-15 working days, provided all documents are in order. BC Shetty & Co. ensures a smooth and timely registration process, minimizing delays.

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