Private Limited Company
Private limited company (PLC) is the simplest and most recommended form of legal entity to start business in India. PLC are governed by the Companies Act, 2013 and require a minimum of 2 Directors and 2 Shareholders with one of the Directors being an Indian Resident and Indian Citizen. Company offers distinct legal status, limited liability for its shareholders, recognition by DPIIT for tax and other benefits under initiatives of Government of India. Compliance requirements are higher compared to other forms of legal entities.
Benefits of Registration
- Easy to raise Debt & Equity funds from abroad
- Eligible to register under Startup India Initiative of Govt of India
- No minimum capital requirements
- Limited Liability
- Separate Legal entity
Documents Required
For Directors
- Photograph of all the Directors
- PAN Card of all the Directors
- ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof
Proofs for office address
- Latest water bill or electricity bill
- Notarized rental agreement in English
- In case of owned property Sale deed or property deed
- NoC from the property owner
What other registrations are required along with PLC registration?
This depends on the nature of business. But broadly you will require below registrations along with PLC registration
- GST Registration
- PF Registration if number of employees more than 20
- Professional Tax of respective states
- Local body licenses (Eg. Karnataka Shops & Establishments)
- Complaince with Labour laws like Factories act, ESI, POSH, Labour welfare Fund etc..
Frequently Asked Questions
Company incorporation is completely online in India and there is no need to visit any office. Scanned copies of all required documents can be sent to us through mail or couriered to our office.
NSJ & Associates is one stop office for all your compliances pertaining to Pvt Ltd company. We help you focus on your business while we take over all the compliance requirements of your company.
It should not take more than 2 weeks to register a company provided all requisite documents are made available to us as required.
Stamp Duty (Stamp Duty is payable under Section 3 of the Indian Stamp Act 1899. Stamp Duty is a nominal amount paid for legal recognition of the contents of a document. It is required to be paid at the time of the private limited company registration.), MOA and AOA fees
Digital Signature is a digital code created to affix them on digital documents and prove equal authority as of the handwritten signature. Digital Signature Certificate is a prima facie evidence of the signature which validates the authenticity of the signature. we also provide services to obtain your DSC.
No Minimum capital requirement.
Minimum 2 shareholders and Maximum 200 shareholders.
Minimum 2 Directors and Maximum 15 Directors. A company can have foreign directors but atleast one director should be an Indian citizen.
