ROC
How to Register a Pvt Ltd Company in India: A Complete Guide
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By CA Ankit Sharma
Oct 24, 2023 · ⏱ 5 min read
Oct 24, 2023 · ⏱ 5 min read
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Quick Summary
Registering a Private Limited Company is the most popular way to start a business in India. This guide covers the entire digital process from DSC application to getting your Certificate of Incorporation (COI).
Introduction to Pvt Ltd Registration
A Private Limited Company is a separate legal entity and offers limited liability protection to its shareholders. In India, the Ministry of Corporate Affairs (MCA) governs the registration process through the SPICe+ form system.
Key Benefits
- Limited liability for members.
- Uninterrupted existence (Perpetual Succession).
- Easy transferability of shares.
- Better access to funding from VCs and Banks.
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"The registration of a Private Limited company is no longer a months-long process. With SPICe+, most companies get incorporated within 7 working days."
The Registration Process
Follow these four simple steps to get your company registered in India:
PRO TIP
Ensure your proposed name is unique. Check the MCA trademark database before applying to avoid rejection of your RUN (Reserve Unique Name) application.
Once you have the Digital Signature Certificate (DSC), the next step is the Director Identification Number (DIN). Nowadays, DIN is integrated within the SPICe+ form for up to three directors.
1
Obtain a Digital Signature Certificate (DSC)
All proposed directors must obtain a Class 3 DSC from a certified authority like eMudhra or Sify.
2
Apply for Director Identification Number (DIN)
DIN is now integrated within the SPICe+ form for up to three directors.
3
File the SPICe+ Form with MCA
SPICe+ covers name reservation, DIN, PAN, TAN, EPFO, ESIC, GSTIN and bank account opening in one form.
4
Receive Certificate of Incorporation (COI)
The ROC issues the COI, CIN, PAN and TAN via email. Your company is now legally registered!
What is the minimum capital required?
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There is no minimum paid-up capital requirement for a Private Limited Company as per the latest Companies Act amendments.
Can a single person start a Pvt Ltd?
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A Pvt Ltd requires minimum 2 directors and 2 shareholders. Consider a One Person Company (OPC) if you want to run alone.
How long does registration take?
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With the SPICe+ system, incorporation typically takes 7 working days if all documents are in order.
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CA Ankit Sharma
Compliance Expert & Content Strategist
Ankit has over 10 years of experience in corporate law and taxation. He helps startups navigate the complexities of business compliance in India.
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