Private Limited Company Registration with Consult Your Counsel
A Private Limited Company (Pvt. Ltd.) is one of the most trusted and preferred business structures in India, ideal for startups, entrepreneurs, and growing businesses. It offers limited liability, a distinct legal identity, and facilitates investor confidence and long-term scalability.
Consult Your Counsel provides expert legal support for end-to-end registration of your Private Limited Company under the Companies Act, 2013. Our team ensures your incorporation process is seamless, compliant, and aligned with your business goals.
Key Features of a Private Limited Company
- Limited Liability: Shareholders are liable only to the extent of their shareholding.
- Separate Legal Entity: The company can own property, incur debt, and sue or be sued.
- Minimum Requirements: Requires at least two directors and two shareholders. One director must be a resident of India.
- No Minimum Capital Mandate: No statutory minimum capital is required.
- Restricted Share Transfer: Share transfer is allowed but with board approval.
- Cannot Invite Public Investment: Fundraising from the general public is prohibited.
Types of Private Limited Companies
- Company Limited by Shares – Most common type; liability is limited to unpaid capital.
- Company Limited by Guarantee – Liability limited to the guaranteed amount.
- Unlimited Company – Members’ liability is unlimited, though the entity has separate legal status.
Advantages of Pvt. Ltd. Company Registration
- Protection of personal assets from business liabilities
- Enhanced credibility with banks, investors, and customers
- Perpetual existence despite changes in directors/shareholders
- Easier access to equity funding and loans
- Tax efficiency and startup benefits (if eligible)
Limitations to Consider
- Higher regulatory compliance and disclosure obligations
- Initial setup and annual maintenance costs
- Restrictions on free transfer of shares
- Public access to company financials
- Formal procedures required for ownership transfer or exit
Step-by-Step Process for Registration
- Digital Signature Certificate (DSC): For directors and subscribers
- Director Identification Number (DIN): For proposed directors
- Name Approval (SPICe+ Part A): Unique name reservation from MCA
- Company Incorporation (SPICe+ Part B, MOA & AOA): Filing of incorporation documents
- AGILE-PRO-S Filing: GST, EPFO, ESIC, bank account, and other registrations
- Certificate of Incorporation (COI): Issued by the Registrar of Companies with PAN, TAN, and CIN
Documents Required
For Indian Promoters:
- PAN Card
- Aadhaar/Voter ID/Passport/Driving License
- Recent utility bill or bank statement (within 2 months)
- Passport-size photograph
For Registered Office:
- Rent agreement or ownership document
- No Objection Certificate (NOC) from the owner
- Utility bill (within 2 months)
For Foreign Nationals:
- Notarized and apostilled passport and address proof
- Notarized utility bill or residence proof
Certificate of Incorporation (COI)
The COI issued by the Registrar of Companies confirms the legal existence of your company. It includes:
- Company name
- Corporate Identification Number (CIN)
- Date of incorporation
- Registered address
- PAN and TAN (if applied together)
- Type of company (Pvt. Ltd.)
Post-Incorporation Compliance (Mandatory)
- Appointment of first statutory auditor
- First board meeting within 30 days
- Issue of share certificates
- Maintenance of statutory registers and records
- ROC filings (AOC-4, MGT-7)
- Income tax filings and GST, TDS compliances (if applicable)
Why Choose Consult Your Counsel?
- In-house team of lawyers and company secretaries
- Advisory tailored to your business model and sector
- Timely and accurate MCA filings
- Fixed pricing with defined deliverables
- Support beyond incorporation – ongoing legal and compliance assistance
Timeline
Standard registration takes 7–10 working days, subject to:
- Prompt document submission
- Timely approvals by MCA