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Private Limited Company ( PLC ) Incorporation

Private Limited Company registration is the most popular legal structure option for businesses in India. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors. If you want to start a company in India then make sure your company is registered as Private Limited. It is very important to register your company as a registered company have multiple advantages from easy to register and easy to dissolve.

Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.

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About This Plan

Get your private limited company registered in the fastest possible manner.

Created by potrace 1.15, written by Peter Selinger 2001-2017

Timeline

It usually takes 7 to 10 working days.

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Services Covered
Who Should Buy
How It's Done
Documents Required
Services Covered

  • DSC (2 nos)
  • Filing of SPICe+ Form
  • Issue of Incorporation Certificate along with PAN and TAN
  • Includes Govt Fees & Stamp duty for Authorised Capital upto Rs. 1 Lakh except for the states of Punjab, Madhya Pradesh and Kerala
  • Excludes foreign national / Body Corporate as director or business needing RBI/SEBI approval
  • Assistance in Opening Bank Account
Who Should Buy

  • Businesses looking to expand or scale operations on higher level
  • Startups looking to raise capital and issue ESOPs
  • Businesses looking to convert their existing firm structure into private limited company
  • Businesses aiming to work globally or with reputed clients
How It's Done

  1. DSC Application

  2. Name approval form filing

  3. Preparation of Incorporation Documents

  4. Getting those docs signed by the respective stakeholders

  5. Filing of e-Forms with ROC

  6. Receipt of Incorporation Certificate with PAN, TAN, GST, EPF, ESI & Bank Account.

Documents Required

  1. Name, Contact Number and Email Id of all the Stakeholders.

  2. Directors Identification Number, if already.

  3. Self Attested PAN, Aadhar & Passport size photo of all the Stakeholders.

  4. Apostilled Passport, Mobile Bill and other KYC docs in case of NRI Stakeholder.

  5. Latest Month Personal Bank statement of all the Stakeholders.

  6. Specimen Signatures of all Stakeholders.

  7. Few Proposed Business Names along with Objects.

  8. Latest Electricity Bill/Landline Bill of Registered Office.

  9. NOC from owner of registered office, If Owned. (Download Template)

  10. Rent Agreement from Landlord, If Rented/Leased. (Download Template)

  11. Brief description of main business activities of the proposed Company.

  12. Shareholding pattern (50:50 or 60:40) between the Stakeholders.

  13.  Authorised & Paid Up Share Capital of the Company.

Frequently Asked Questions:

​What is Spice+ Process of Incorporation ?​

SPICE is a fast track registration process initiated by MCA

Simplified Proforma for Incorporating Company electronically (SPICe) is a fast track registration procedure initiated by Ministry of Corporate Affairs which enables a single form application process of company registration.

The normal registration route can take up to thirty days but if SPICe is followed the whole process can be closed within 7 days.

TAXAJ aims at rendering premium services and delivering it in a speedy manner. The incorporation services shall be delivered following the SPICe route.

How can I become eligible to get benefits under the Startup India Initiative?​

Only the below stated entities qualify as a “Startup”

Only the below stated entities qualify as a “Startup” for the purpose of Government schemes

  • Private Limited Company
  • Registered Partnership Firm
  • Limited Liability Partnership Further conditions are:
  • Not more than 5 years have passed from the date of its incorporation/ registration
  • Turnover for any of the financial years has not exceeded INR 25 crore
  • It is working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property

Our experts shall guide you on how you can get registered under the Startup India Initiative and avail the benefits.

I want to start a business in app development. What other registrations will apply to me?​

Company along with GST & Trademark will be good to start with.

Apart from getting your GST registration, you must also consider protecting your brand by registering the trademark for your brand. Also, if you are building any proprietary software or any other intellectual property, you must secure a copyright. Our experts can assist you with trademark and copyright registration

I need to raise capital from external sources. I am considering approaching Investors. Do i get any advantage on getting registered as a private limited company over other forms?​

Of course! Pvt Ltd gives you so many options to get investors on board

Private Limited is the only entity type where it is easier to add directors, shareholders, executive directors, and all other chairs of responsibility with ease. Its even easier to lay people off the board, as its a wholesome decision taken by majority of stake holder.

Most of the large companies who bag funding and on board angel investor or venture capitalist has their own company secretaries, who maintains the company compliances and manages all the board meetings that needs to be compulsorily reported to the mca.

Do I need to be physically present during this process?​

No, not at all.

→ No, your physical presence is not required during the process.

Is stamp duty payable during incorporation process?​

Yes, Stamp duty are charged by state of registered office.

Yes, Stamp duty charges are imposed by the state in which the registered office is proposed to be located. The charges are on MOA, AOA & form INC 32. These charges are covered under the plan for all the states except Punjab & Madhya Pradesh. Our experts will guide you on additional charges if any for Punjab & Madhya Pradesh.

I already have my digital signature certificate and DIN. Will the package be discounted now?​

Yes, of course! We only charge for what we do.

In case, you already have a DSC and DIN, our experts will offer you some concession accordingly on the above package.

What is the government fee applicable for a Pvt Ltd incorporation?

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Below are the charges applicable for DIN and other government forms:

  • DIN (2 Nos): Rs.1000
  • RUN Form: Rs.1000
  • AoA: Rs.1000 (up to Rs.10 lakh of authorized capital)
  • MoA: Rs.1000
What is the stamp duty payable for company incorporation?​

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→ Below is the stamp duty payable, depends on the state you incorporate and your authorized share capital up to Rs. 10 Lakh: These are the charges in Karnataka:

  • AoA: Rs.1000
  • Moa: Rs.1000
  • Form 32: Rs.20

Apart from this, notary charges of Rs.340 will apply for two director affidavits and related stamp duty.

Can an NRI also become a director in company? And what additional documents will be required to be submitted?​

Yes, an NRI or foreigner can be a director in pvt ltd company.

→ Yes, an NRI or any foreign national can become a director in a private limited company. But such person can be taken as a director only when there is one director who is a Resident of India. Additional documents required:

  • Copy of Passport Copy Which is attested by Consulate of Indian Embassy or Foreign Public Notary.
  • Copy of Driving License/ Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary.

RBI approval is required for foreign capital contribution. Additional charges will be applicable for RBI approval. Our experts will advise you on the applicable charges.

Me and my partner are both directors and shareholders in our company. We wish to bring in two additional shareholders as well. Is that covered in the package?

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→ In the current package, we cover upto 2 digital signatures for two directors. For two additional shareholders, you need to secure two additional digital signatures certificates. We offer digital signature certificate - Click here to purchase digital signature

My details on my documents have a difference. Can I still incorporate my company using them?

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→ You will need to have exactly the same details on all your documents to incorporate your company.

Why is there delay in getting our incorporation certificate?

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→ Due to the increasing enthusiasm among too many entrepreneurs who wish to incorporate their companies, the MCA has made stringent rules to approve the company name and issue the certificate of incorporation. Further, due to excessive demand, the PAN and TAN applications are also increasing and thus it is understood that this processing will take time too. So, we could take a range between 20-25 working days to complete the company incorporation process and receive the certificate of incorporation.

Do I need to apply for GST, EPF, ESI & Bank Account mandatorily in SPice+ Form ?

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Yes, since this is a consolidated form for Incorporating a company so these will be auto applied in the form, if chosen. However, filing and compliances of the same shall be done once it is actually applicable on the company.

How can I Register/Associate my DSC with MCA for filing any form ?

   Steps to Register/Associate DSC on MCA Portal (http://www.mca.gov.in/mcafoportal/showAssociateDSC)


  1. Click on the 'Register DSC' link available on the MCA portal homepage.

  2. On the next screen, click on the 'Director' link on the left hand panel and fill-up your DIN. Please ensure that the DIN is approved and typed correctly.

  3. System shall verify that the DIN is valid and approved. If the DIN is filled incorrectly or DIN filled is not approved, system will throw an error message to that effect.

  4. Fill-up rest of the particulars and ensure that details filled are as per DIR-3. If the applicant has filed DIR-6, then fill the details as submitted in DIR-6 form.

  5. Click on the 'Next' button. The system would verify the details.

  6. If the details filled do not match with DIR-3/ DIR-6, as the case may be, for the reason that you do not have your DIN application details, you can get the details from the company in which you are a director.

  7. If the details are correct, the system would prompt you to select the DSC.

  8. Click on the 'Select Certificate' button to browse and select the certificate. Please ensure that the selected DSC belongs to the applicant, whose particulars are being registered.

  9. System shall validate the DSC. If the selected DSC is already registered against given DIN, system will give an informatory message. If a different DSC is already registered against the given DIN, system will ask if the user wants to update his/ her DSC.

  10. Type the displayed system generated text for verification in the box provided.

  11. Click on 'I agree' button to agree to the declaration that details furnished are correct.

  12. Click on the 'Submit' button to register your DSC.

  13. Acknowledgement message is displayed to the user.

  14. User can take a print-out of the acknowledgement.

  15. The applicant can click on the 'Reset' function to clear the data in the fields.