ESIC Registration

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    Overview of Online Private Limited Company Registration in India

    A Private Limited Company is a privately maintained small business existence, which is one of the highly recommended means to start a business in India. The Companies Act 2013 governs private limited company registration in India.

    While, minimum 2 shareholders are required to start a private company, while the higher limit of members are 200 as per the Companies Act, 2013. If a private limited company faces financial risk, its shareholders are not subject to sell their personal assets, i.e. they ought to have limited liability.

    For online company registration, there must be a least of 2 directors while maximum 15 directors can be appointed in a company. Proposed director must have attained age of 18 years. A foreign national can also become a director of private limited company in India.

    There is no minimum paid-up capital required for a private limited company registration. Every private limited company must use “pvt.ltd.” after their name.

    A private limited company has never-ending existence. A private limited company holds on existing even in the case of death or bankruptcy of its Members.

    A private limited company does not have any relationship with the public; they aren’t permitted to ask for any collateral from the public or public sectors. In a private limited company, people are not entitled to transfer shares, which protect takeovers of private limited companies from big enterprises.

    Benefits - Why one should go for Private Limited Company Registration in India?

    Starting a private limited company offers many advantages. Some of them are as follows:

    • A registered private limited company increases the credibility of your business.
    • Help owners from personal liability and protects from other risks and losses.
    • Draws more customers
    • Ease in obtaining bank credits
    • Offers limited liability to preserve your company’s assets
    • Greater funds supplement and more attractive stability
    • Enhance the potential to grow big and expand

    What are the basic requirements of Online Private Limited Company Registration in India?

    There are few requirements to be known before initiating a Private Limited Company in India;

    • The private limited company must have a unique name which should not be same as any other registered company and trademark.
    • It is mandatory for a private limited company to have a minimum two directors.
    • As well as it is necessary to keep in mind that the private limited company should have minimum two shareholders.
    • All directors & members of private limited company should have digital signature certificate which will be used to register a private limited company.
    • There is no minimum capital required for initiating a private limited company.
    • The process of online company registration is quite simple; make sure that you have a unique name for your company which will surely help you with quick company registration.
    • You must avoid any offensive name for your private limited company registration.

    Company Registration Filing Form - Manual to New Web-based SPICe + Form

    SPICe Plus serves many requirements like name reservation, incorporation, DIN allotment, issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account and one can also acquire the GSTIN via SPICe + form.

    Part A:
    Name Reservation (Applicable to New Companies only)

    • Part B:
      Company Incorporation
    • Application for DIN
    • PAN Application
    • TAN Application
    • GSTIN Application
    • EPFO Registration
    • ESIC Registration
    • Opening of Bank Account for the Company
    • Profession Tax Registration (only for Maharashtra)

    Documents required for Online Company Registration in India through submitting the SPICe+ form

    • The Articles of Association
    • Memorandum of Association
    • Declaration by the subscribers and by the directors
    • A confirmation for the address of the office
    • Two months utility bills copy
    • Certificate of incorporation of the Outer Country body corporate [If applicable]
    • A resolution passed by the global Company [If applicable]
    • A recommendation declared by the promotional Company [If applicable]
    • The interest of the directors from other entities [If applicable]
      Nominee’s assent
    • Identity proof and residential address of the subscribers and the nominees
    • Identity proof and residential address of Applicants
    • The Declaration/Resolution of the unregistered companies
    • Any other document [If required]

    For AGILE-PRO:

    • Proof of principal place of business
    • Evidence of appointment of Authorized Signatory for GSTIN
    • Either of the documents– Letter of Authorization/Copy of Resolution passed by BOD
    • Managing Committee and Acceptance Letter
    • Proof of identity of Authorized Signatory for the opening of a bank account
    • Proof of address of Authorized Signatory for the opening of a bank account
    • Specimen Signature of Authorized Signatory for EPFO

    Declaration
    The declaration in form ‘INC-9’ of the subscribers and the directors obligatorily be auto-generated in PDF format and presented electronically. The aspirant has to provide the recommendation along with a certification recommended by a professional, such as Company Secretary, Chartered Accountant and Cost Accountant. Although, if the total number of directors or subscribers is more than 20 or do not possess the above said obligation.

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