Private Limited Company in India
Private Limited Company Registration in India
In today’s globalized world, businesses and individuals in India often make payments to non-residents for various purposes such as professional services, royalties, interest, or investment returns. Under the Indian Income Tax Act, making foreign remittances requires strict compliance, including the filing of Form 15CA and, in certain cases, Form 15CB.
Filing Form 15CA and Form 15CB is mandatory for ensuring that taxes are correctly deducted and remitted when payments are made to foreign entities or individuals. These forms act as declarations and certifications that the applicable tax has been paid on the amount being remitted outside India.
At Startup Disha, we offer professional 15CA-15CB filing services in India to help businesses and individuals comply with this critical requirement. Our team of experienced tax consultants ensures that your filings are prepared accurately, submitted on time, and fully compliant with Indian tax laws.
A Private Limited Company is a legal business entity registered under the Companies Act, 2013. It is privately held and requires a minimum of two shareholders and two directors. This business structure provides limited liability protection to its owners, meaning their personal assets are not at risk for business debts or losses.
It also enjoys a distinct legal identity, which means the company can own property, open bank accounts, sign contracts, and sue or be sued — all in its own name.
Limited Liability Protection: Shareholders are only liable to the extent of their shareholding.
Separate Legal Entity: The company has its own identity, separate from its directors and shareholders.
Credibility: A registered company gains more trust from banks, clients, and investors.
Easy Fundraising: It is easier to attract venture capital and private equity funding.
Perpetual Succession: The company continues to exist even if directors or shareholders change.
Tax Advantages: Eligible companies can benefit from Startup India exemptions and corporate tax incentives.
To register a Pvt Ltd company in India, you must meet the following basic requirements:
Minimum 2 and maximum 200 shareholders
Minimum 2 directors (at least one must be a resident of India)
Registered office address in India
Unique company name approved by the Ministry of Corporate Affairs (MCA)
Company’s main business activity must be declared
To register a Pvt Ltd company in India, you must meet the following basic requirements:
Minimum 2 and maximum 200 shareholders
Minimum 2 directors (at least one must be a resident of India)
Registered office address in India
Unique company name approved by the Ministry of Corporate Affairs (MCA)
Company’s main business activity must be declared
PAN and Aadhaar of directors/shareholders
Passport-sized photographs
Utility bill or rent agreement for office address proof
Digital Signature Certificates (DSC) for directors
Director Identification Numbers (DIN)
Name Approval: Submit your preferred company name for approval on the MCA portal.
Digital Signatures & DIN: Obtain digital signature certificates and director IDs.
Filing Incorporation Documents: Submit the SPICe+ form along with MOA, AOA, and other supporting documents.
Certificate of Incorporation: Once approved, you receive a Certificate of Incorporation (COI), PAN, and TAN.
Post-Incorporation Compliance: Open a current account, apply for GST (if needed), and maintain statutory registers.
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Proprietorship vs Partnership vs LLP vs Company (Pvt Ltd)
| FEATURES | PROPRIETORSHIP | PARTNERSHIP | LLP | COMPANY |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | Sole Ownership | Min 2 Partners Max 50 Partners | Designated Partners | Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders For One Person Company 1 Director 1 Nominee Director |
| Registration Time | 7-9 working days | 7-9 working days | 7-9 working days | 7-9 working days |
| Promoter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
| Documentation | MSME, GST Registration | Partnership Deed | LLP Deed, Incorporation Certificate | MOA, AOA, Incorporation Certificate |
| Governance | – | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | Transferable |
| Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 | Form 11, Form 8, ITR 5 | ITR 6, MCA filing, Auditor’sappointment |
