Two. They could be individuals or legal entities

Two. The Directors must compulsorily be individuals. They cannot be corporate bodies.

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial/ industrial/ residential where communication from the MCA will be received.

Yes, Registration for Private Limited Company is necessary as without registration, there can be no existence of a company.

No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

Yes. Every individual who is contemplating a position of a director in an Indian company must obtain a Directors Identification Number (DIN) before he can become a director in an Indian company.

An application needs to be submitted to the MCA DIN Cell to obtain a DIN.

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

No.

YES. NRIs, foreign nationals and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to be a part of the company on the Board of Directors.

Any person over the age of 18 years can become a director in a company. Also, there are no conditions on residency or citizenship. Hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India.

Digital signature is just like a hand signature, but only in this case, it is used to affix with computerized reports. A DSC provides validity to the signature.

Ministry of Corporate Affairs (MCA) has introduced:
– New SPICe INC- 32 Forms for faster company incorporation.
– Apart from this e-MoA (INC-33) and e-AoA (INC-34) are also to be filed.

Yes, a small business can get its business registered under private limited company registration in India. It provides them with the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. It helps the company to get the loans at little compliance from banks or potential clients while entering into the deals.

Yes, we can easily change the registered office of the company any time after the specified procedure is completed. The changed address can be situated within the same state or in a different state, depending upon the conditions.

It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. It makes easier for companies to get loans at favourable rates from banks or in convincing potential clients while entering into deals.

Yes, sole proprietorship can be converted into private company registration after following the companies act, 2013 procedures.

Yes, any foreign nationals, entity or an NRI can become a director or shareholder of a private limited company in India.

No, a private limited Company cannot invite the general public top to subscribe to the company shares.

The most basic and important documents required before starting up with the incorporation of the company is PAN card, Aadhaar card, ID’s, photo and contact details of all the directors, bank statement, electricity bill, rent agreement with the slip or proof of ownership.

Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors etc. to the Registrar of Companies. Such compliances are required to be made once in a year.
As a part of Annual Filing, the following forms are to be filed with the ROC:
– Form MGT-7 (Annual Return): Every Private Limited Company is required to file its Annual Return within 60 days of holding of Annual General Meeting. Annual Return will be for the period 1st April to 31st March.
– Form AOC-4 (Financial Statements): Every Private Limited Company is required to file its Balance Sheet along with statement of Profit and Loss Account and Director Report in this form within 30 days of holding of Annual General Meeting.

– Private limited company with a total turnover of upto Rs.50 crores during the previous year are taxed at 25% of total income.
– Private limited company with a total turnover of more than Rs.50 crores during the previous year are taxed at 30% of total income.
In addition to income tax, a Private limited company is also liable to pay income tax surcharge, education cess and secondary and higher education cess.

Since, Private Limited is a form of a company it is entitled to be recognized as “Startup”.

Here are mandatory ROC compliance for a Private Limited Company:
– Form ADT 1: First Auditor of the company shall be appointed by the BOD within 30 days of Incorporation who shall hold the office till the conclusion of 1st AGM.
– Form MGT 7: Form MGT-7 must be filed by all companies registered in India every year. It is an electronic form provided by the Ministry of Affairs to all the corporations in order to fill their annual return details. The due date for filing MGT-7 is within 60 days from the date of Annual General Meeting.
– Form AOC 4: Every Private Limited Company is required to file its Balance Sheet along with statement of Profit and Loss Account and Director Report in this form within 30 days of holding of Annual General Meeting.
The above forms needs to be certified by CA/CS/CWA.

It is mandatory for all the companies which are registered under MCA to file their annual reports with concerned ROC every year. However, for Private Limited Companies, it is not mandatory to publish or release their annual report for Public access.

Be it a Startup or an established Private Limited company, It is a mandatory compliance to have company’s account audited.
Even the appointment of an auditor within 30 days of the incorporation is mandatory compliance for a Private limited company.

ComplianceIndia can incorporate a Private Limited Company for in 8-10 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.