24/7 Chat Support
Got a question or concern? We’re just a message away and happy to help, completely free!
Frequently asked Questions
The most common types of business entities in India are as follows:
- Private Limited Company. (Pvt. Ltd).
- Limited Liability Partnership (LLP).
- One Person Company (OPC).
The Registrar of Companies is a government office where businesses register. Apart from Tamil Nadu and Maharashtra, there will be one ROC in each state.
A Private Limited Company in India is a type of business structure that provides limited liability, separates a legal identity and transfers ownership easily. It operates under the Companies Act, 2013 and suits perfectly for start-ups and small to medium enterprises.
Registration of Private Limited Company in India-includes obtaining DSC & DIN, name approval, incorporation documents filing with ROC and Certificate of Incorporation along with PAN & TAN.
Some of the key benefits that a Private Limited Company can offer include limited liability, a separate legal entity, better credibility, fundraising convenience and perpetual succession
Main documents for Private Limited Company include proof of identity and address of directors, utility bill of registered office, passport-size photographs and signed incorporation forms.
A Pvt Ltd Company allows for easier access to funds against stricter compliance, while the LLP provides their members with more flexibility and lower compliance but limits growth.
Two or more individuals must be directors of a Private Limited Company. Two or more individuals, who can also include corporate entities, must be shareholders.
A private limited company's compliance entails annual ROC filings, keeping statutory registers, holding board meetings and making income tax returns.
A Director Identification Number or DIN is a distinct identification number assigned by the government of India to any person desirous of serving as or already serving as a director in a company.
A DSC or Digital Signature Certificate is an established digital proof for digital document signing and storing information electronically.
Yes, there is a possibility to convert any Private Limited company into LLP in India as provided in the conditions and procedure under the LLP Act, 2008 & Companies Act, 2013.
In India, the cost of registering a private limited company generally ranges from ₹6000 to ₹30,000, comprising government fees for the registration itself, professional fees payable to company secretaries or chartered accountants and other expenses which may include Director Identification Numbers (DINs) and Digital Signature Certificates (DSCs).
"OPC Pvt Ltd" is a private limited company that is known as a One Person Company (OPC). It has this kind of corporate structure streamlined for sole proprietors by which a single individual can own and conduct business on the basis of limited liability and corporate status.
According to the 2015 amendment to the Companies Act of 2013, a private limited company in India is exempt from the minimum paid-up capital requirement.
Each requirement for a Private Limited Company (Pvt Ltd) registration in India includes obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), name reservation, Memorandum of Association (MOA) and Articles of Association (AOA) drafting, submission of SPICe+ form and PAN and TAN obtainment.