The world has been going through a rough time being hit by the pandemic which has disrupted the flow of life and daily lifestyle. There has been a huge loss of jobs and unemployment has seen a significant rise in numbers. In moments like these people have shifted to start their own business starting from homes and small locations.
The rise in new business has led to an increase in private limited company registration in India. As most of the businesses are new it has raised the question of how much does it cost to register a company in India and how.
What is Company Registration?
Company registration has gained significant importance in the last few years with more and more companies getting registered. A company registration consists of various models of business and needs to be processed accordingly. Some of the important models of business are that of:
- Private Limited Company
- Limited Liability Partnership
- One Person Company
- Public Limited Company
- Section 8 Companies
- Nidhi companies
- Indian Subsidiary Company
What are the costs for Private Limited Company Registrations in India?
The Registration of a Private Limited Company is simple to do but the legal requirements make it complicated for people with no knowledge of the process. It is better to have it done by agencies that specialize in getting Pvt Ltd company registration and look after the legal aspects of it too. The costs for the services are different based on the services provided by the agencies.
The general Pvt Ltd Company registration fees in India vary according to the services provided by the agency. The agencies provide basic level services at a minimal cost and advanced services at a higher cost. There are various agencies and one needs to see what are the services included in the package offered by the agencies to make sure to choose the right plan.
The various Pvt Ltd company registration processes are that of:
| Services Includes | Cost |
|
2999 (Start-up Plan) |
Start-Up Plan +
|
7999
(Basic Plan) |
Basic Plan +
|
16999
(Smart Plan) |
Smart Plan +
|
29999
(Mega Plan) |
The fees structure is excluding DSC and Govt. Fees that are charged while filing for the process. One can see from the above chart the range in which the private company registration fees are structured and the services that are offered under each plan.
Conclusion:
The Private Limited Company Registration has been increasing at a fast pace and thus one needs to know the information regarding the process. The knowledge regarding the Pvt Ltd company registration fees in India will help them choose the right plan and make the choices accordingly.
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OUR FAQ:
How do I start a private limited company?
Starting a company is easy through Online Legal India. All that is required are a PAN card, Aadhaar card, address proof, and bank statement copies of the directors along with address proof for the registered office address. A company can be started in about 10 – 15 days. If you have the necessary documents, sign up for one of our packages and have a company registered with guidance from one of our Advisors.
What is limited liability protection?
Limited liability is the status of being legally responsible only for a limited amount of debts of a company. Unlike proprietorships and partnerships, in a private limited company, the liability of the shareholders in respect of the company’s liabilities is limited. In other words, the liability of the shareholders of a company is limited only to the value of shares taken up by them.
Authorized capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid-up capital is the number of shares issued by the company to shareholders. Authorized capital can be increased after incorporation at any time to issue additional shares to the shareholders.
What is required to start a private limited company?
To register a private limited company, a minimum of two people are required to act as directors and shareholders. The directors must be natural persons, while the shareholders can be natural persons or corporate entities. In addition, a registered office address in India is also required for company registration.
Is an address required in India for starting a company?
Yes, every company registered in India must have a registered office where all official communication is sent by the MCA, governmental agencies, financial institutions, etc., The registered office of a company can be in any state of India.
What is the process of getting a Private Company Registered?
Step 1: Obtaining Digital Signature (DSC) and DPIN
Step 2: Application of DPIN
Step 3: Name approval
Step 4: Form SPICe
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
Step 6: PAN and TAN application
What is Company Registration Certificate?
Once the filing of the documents is through, the ROC calls the attorney on a specific date for scrutiny and makes the necessary changes in the MoA and AoA filed. After this is done, the Certificate of Incorporation is granted to the company.
