Get Private Limited Company Registered Hassle-Free!

The minimum age requirement to be a director of a Private Limited Company in India is 18 years. Also, there is no specific minimum age requirement for shareholders of a Private Limited Company. However, if the shareholder is a minor, a guardian must hold the shares on behalf of the minor until they reach adulthood.

There is no minimum turnover requirement to start a Private Limited Company. However, for regulatory compliance and certain benefits, such as maintaining active status, companies must adhere to financial and reporting standards set by the Ministry of Corporate Affairs (MCA).

A Private Limited Company is a business entity with privately owned shares, protecting shareholders with limited liability for company obligations.

The registration of Private Limited Company costs around INR 200 to INR 10,000 which is related to government fees.

A Private Limited Company can be registered under any of the following forms:

1. Company limited by shares
2. Company limited by guarantee
3. Unlimited Company

The requirement of having a minimum paid-up share capital is done away in case of a private limited company.

Digital Signature is a digital code created for the purpose of affixing them on digital documents and proving equal authority as of a handwritten signature

DSC is a prima facie evidence of the signature which validates the authenticity of the signature.

The Office of Controller of Certifying Authorities (CCA) issues Certificates only to Certifying Authorities which are the trusted entities who are responsible to issue DSC to the end-user.

Stamp Duty is payable under Section 3 of the Indian Stamp Act, 1899. It is a nominal amount paid for the legal recognition of the contents of a document. It is required to be paid at the time of registration of the company.

e-MOA (INC-33) and e-AOA (INC-34) can be obtained through certified copies facility available on MCA. e-MOA and e-AOA are mandatory in case of the following:

1. Individual subscribers are Indian nationals.
2. Individual subscribers who are foreign nationals (having valid DIN and DSC) submit proof of a valid business visa
3. Non-individual subscribers based in India.

Physical copies of MOA and AOA are required to be signed and attached in case non-individual first subscribers are based outside India or individual foreign subscribers do not possess a valid business visa.

The Companies (Incorporation) Rules notified have liberalised many requirements in respect of Proof of Identity and Proof of Residence in respect of subscribers and directors.

The Companies (Incorporation) Third Amendment Rules have relaxed the mandatory attachment of proof of identity and residence in respect of a subscriber having a valid DIN.

NRIs are only allowed to incorporate limited companies in India, and the private limited company is ideal for NRIs.

Also, there is no requirement to obtain the prior approval from the government or RBI. But, in order to register a private company, at least one director must be a resident of India.

Yes, in case the number of subscribers and/or directors to eMoA and eAoA is up to twenty and all such subscribers and/or directors have DIN/PAN, it shall be mandatory for each one of them to obtain a DSC.

SPICe (Simplified Proforma for Incorporating a Company Electronically) is a comprehensive form simplifying the registration process by combining multiple applications.

Subscriber’s photos are not required in SPICe forms.

Generally, two resubmissions are permitted for SPICe forms. However, it is at the discretion of ROC that they can allow more chances for resubmission.

You don’t need a proper office address to incorporate a company. You can register your residential address as a registered office address of your business with MCA (Ministry of Corporate Affairs) for which some address proof along with the NOC (No Objection Certificate) has to be filed with the prescribed form.

Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in another company simultaneously.

Yes, FDI (Foreign Direct Investment) is allowed in a private limited company as this form of business entity is easy to raise funds. FDI (Foreign Direct Investment) is allowed in private limited companies for non-residents through automatic or approval route.