Every Private Limited Company in India must obtain GST Registration within 30 days of Business Incorporation. GST Registration is mandatory when the turnover exceeds INR 40 lakhs (or INR 20 lakhs in Special Category States) or if the business supplies goods intra-state or provides goods and services online.
Every Private Limited Company must maintain accurate and comprehensive books of accounts that reflect the company’s financial status. Proper accounting is essential for statutory audits, annual filings, and income tax return submissions. These financial records must be audited by an appointed auditor.
To start the process of Private Limited Company registration, you will need to fill out a simple checklist provided by our Compliance Manager. This checklist will guide you through the necessary documentation and information required for the registration process. Once you complete and submit the checklist along with your documents, our expert team will verify them and move forward with the registration process. Throughout this stage, your dedicated Compliance Manager will keep you informed about the progress of your Company Registration.
After receiving your completed checklist and documents, we will initiate the application for your Digital Signature and proceed with the name approval process for your Private Limited Company. You can suggest up to two names for your company, which should be unique and reflect your business’s nature. We will submit these names for approval through Part A of the SPICe+ (SPICe Plus) form to the Ministry of Corporate Affairs (MCA).
Once the name is approved, we will draft the Memorandum of Association (MOA) and Articles of Association (AOA) for your Private Limited Company. We will then file the incorporation documents with the MCA using Part B of the SPICe+ (SPICe Plus) form, along with the subscription statement. Typically, the MCA processes the application within 4-5 days, issuing the Incorporation Certificate along with the Company Identification Number (CIN), PAN, and TAN. With these documents, you can then proceed to open your Company Bank Account.
To incorporate a Private Limited Company in India, you need a minimum of two directors. A maximum of fifteen directors can be appointed, and at least one of the directors must be a resident of India.
Choosing between a Private Limited Company and an LLP depends on your business goals. A Private Limited Company offers limited liability, can raise funds from investors, and has stricter regulatory requirements. An LLP offers flexibility and less regulatory compliance but may not be suitable for raising investment. Our experts at Chaahna Associates can help you decide the best option based on your needs.
The incorporation process for a Private Limited Company in India typically takes 4-5 working days from the date of submission of all required documents and forms, provided there are no issues or delays in the approval process.
There is no minimum capital requirement for a Private Limited Company in India. You can start with as little as INR 10,000 as authorized share capital. Additionally, there are no specific minimum turnover requirements for incorporation.
To register an Indian Company, you need to follow these steps: select a suitable name, get name approval, prepare the MOA and AOA, file the SPICe+ (SPICe Plus) form with the MCA, and obtain the Incorporation Certificate along with PAN and TAN. Our team at Chaahna Associates will guide you through the entire process.
Yes, you can start a Private Limited Company in India as a Single Person. This is known as a One Person Company (OPC), which allows a single individual to be both the director and the shareholder.
A Digital Signature Certificate (DSC) is an electronic form of a signature used to authenticate the identity of the signatory for online transactions and filings. It is required for signing forms and documents for company registration and other legal processes.
Yes, a Foreign National or NRI can be a director of a Private Limited Company in India. However, at least one director must be a resident of India.
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