in just ₹1,499 + Govt. Fee

What’s Included?

Registration in 7-10 Business Days

Company PAN and TAN

Company Name Approval

MOA & AOA

Incorporation Certificate

DSC Tokens

DSC Support & Shipping

Digital Signature Certificate

Director’s Identification Number (DIN)

★

First 3 months free + 40% off for the remaining year for Razorpay Business Banking and Payroll

* Effective 15^th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.

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Vetriventhan K

Bicameral Mind Technologies

Pulak Rijhwani

Opsight AI

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances

Mayank Sharma

Rapparel Solutions

Archit Vats

Muzzari Global

Seamless experience. Quick response from Poorva who was handling our case

Neeraj Sonaniya

Kalpify Fashion

Amazing experience - especially Sneha Savalgi who helped us out with everything. Very proactive communication and patience on their end even after unresponsiveness on our side

Yash Chowdhary

Yellowlake Technologies & Services

Thanks a lot! We hope Razorpay Rize would help continue supporting us throughout our startup journey

Abel C Dixon

Grafito Innovations

Process was very good, the team was active right from the start and helped us with all doubts

Vetriventhan K

Bicameral Mind Technologies

Pulak Rijhwani

Opsight AI

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances

Mayank Sharma

Rapparel Solutions

Archit Vats

Muzzari Global

Seamless experience. Quick response from Poorva who was handling our case

Neeraj Sonaniya

Kalpify Fashion

Amazing experience - especially Sneha Savalgi who helped us out with everything. Very proactive communication and patience on their end even after unresponsiveness on our side

Yash Chowdhary

Yellowlake Technologies & Services

Thanks a lot! We hope Razorpay Rize would help continue supporting us throughout our startup journey

Abel C Dixon

Grafito Innovations

Private Limited Company Registration in India

Name: Private Limited Company Registration Online in India - Razorpay Rize
Brand: Razorpay Rize
Price: 1499 INR
Availability: InStock
Rating: 4.8 (45 reviews)

A Private Limited Company is the most common type of Company Registration in India, which is governed by the Companies Act 2013 under the Ministry of Corporate Affairs (MCA). It is mandatory to have a minimum of two directors and two shareholders. These directors and shareholders can either be the same or different individuals, with at least one director being an Indian Resident.

Private Limited Company is a preferred choice for startups and businesses eyeing growth & expansion due to its flexibility in ownership and efficient management.

Contents

Documents required for registration

Incorporation Process

Compliances & Requirements

Advantages & Disadvantages

Registration Number

Registration Time

Fees

Checklist for Registration

Frequently Asked Questions

Documents Required to Register a Private Limited Company

Identity Proof and Address Proof
a. Passport/ Aadhar card/ Voter ID/ Driver's License of partners,
b. PAN card, and
c. Utility bills or Bank Statements as address proof.
Proof of Registered Office
a. Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
b. Right to use the Property- Rental Agreement or No Objection Certificate (NOC) from the owner.
Memorandum of Association (MOA) and Articles of Association (AOA)
a. MOA defines the company's objectives and scope of activities.
b. AOA outlines the company's internal regulations and governance structures.
Declaration and Consent of the proposed Directors
Form INC-9 and DIR-2 serves as the official declaration and consent to assume the role of a director respectively.

Private Limited Company Incorporation Process

Sample Documents

SPICe + Part A

Spice + Part B

Agile Pro

INC 9

DIR 2 (Consent to act as a director)

Specimen signature (EPF)

NOC for Company Address

Memorandum of Association (MoA)

Articles of Association (AoA)

Certificate of Incorporation

E-PAN

E-TAN

The MCA has introduced Simplified Proforma for Incorporating Company Electronically Plus (SPICe+), an integrated Web form offering multiple Government services. This has two parts: Part A and Part B.

Obtain a Digital Signature Certificate (DSC)
a. A DSC is a digital method of verifying or attesting a document.
b. The DSC is often issued with one-year or two-year validity. DSC is mandatory for all witnesses in the Memorandum of Association (MOA) and Articles of Association (AOA).
c. You can obtain a class 2 or 3 DSC through any listed Government Certifying Agencies (CAs).
Apply for Name Approval using SPICe+ Part A View 
a. Part A of the SPICe+ form provides for 'Name Reservation' with two proposed names and one re-submission (RSUB).
b. You must re-file another SPICe+ form with the specified fee if the name is rejected due to a name resemblance with a registered company, an LLP, or a trademark or due to non-compliance with the MCA guidelines.
Note: You can simultaneously apply for name approval (Part A) and Incorporation (Part B) through SPICe+. But in cases where both parts are simultaneously filed, you can reserve only one name.
Apply for Company Registration using SPICe+ Part B View 
Following name approval, Part B of the SPICe+ form must be submitted to finish the registration process. Part B helps complete the following steps:
i. Application for allotment of DIN (Director Identification Number)
ii. Incorporation of a new company
iii. Submission of e-MoA(INC-33) and e-AoA (INC-34)
iv. Application for PAN and TAN (mandatory)
v. Application for EPFO registration (mandatory)
vi. Application for ESIC registration (mandatory)
vii. Application for Professional tax registration (only for Maharashtra)
The information entered in SPICe+ Parts A and B is immediately transferred to the associated forms AGILE-PRO, eAoA, eMoA, URC1, and INC-9 (as applicable).
Open a bank account
Open a Current account for your company for seamless transactions & business operations. A current account offers the flexibility to handle various financial aspects, such as receiving client payments, making supplier payments, and managing payroll.
File for the Commencement of a Business Certificate
The commencement of a Business Certificate is the declaration that the Director of the Company needs to file with the Registrar of Companies. It is filed through Form INC-20A within 180 days of the incorporation of the Company.

Searching for a company name?

Check company name availability using our powerful name search tool.

Compliances for Private Limited Company

For Partners

A minimum of two directors and two shareholders are required to incorporate a private company. These directors and shareholders can either be the same or different individuals, with at least one director being an Indian Resident.

The maximum number of shareholders should not be more than 200 under the Companies Act 2013.

For Private Limited Company

Board Meetings
Hold the First Meeting of the Board of Directors within 30 days of the Incorporation of the Company. It is compulsory to host four meetings in a year with a gap not more than 120 days.
Annual General Meeting (AGM)
Hold an Annual General Meeting every year, on or before September 30th, during business hours and in the registered office.
Auditor appointment
Appoint the company's first auditor within 30 days of incorporation who will serve until the end of the first AGM.
Filling of ADT-1 Form
File Form ADT 1 within 15 days of the appointment of the subsequent auditor.
Filing of Annual Return
File Annual Returns (AOC 4 and MGT 7) within 30 and 60 days of holding the AGM, respectively.
Filing of Income Tax Return
File Form ITR-6 for Income Tax Return annually.
Filing of DIR-3 KYC
File Form DIR-3 KYC to disclose details of the Directors.

Minimum Capital Requirement

There is no minimum capital requirement to register a Private Limited Company. However, a Private Limited Company has a minimum of 2 shareholders, each shareholder has to have at least one share. So the company's minimum authorized and paid-up capital is at least Rs 2. This is subject to the requirements of the current account.

It's commonly advised to set the authorized capital at ₹1,00,000 (One Lakh), which serves as an initial estimate of the maximum investment that the company could potentially receive from its shareholders.

Earlier, the Companies Act 2013 mandated a minimum capital of ₹1,00,000 (Rs. One Lakh) in order to incorporate a private limited company. However, the Amendment Act in 2015 repealed the provision.

Tax Rates

The basic tax rate for all domestic companies excluding Surcharge and Cess- 25%

A surcharge is an additional charge levied for income above the specified limits; it is charged on the amount of income tax calculated as per applicable rates:
1. Taxable income above ₹1 Crore- Up to ₹10 Crore: 7%
2. Taxable income above ₹10 Crore: 12%‍

Health and Education cess at 4% shall also be levied on the amount of income tax plus surcharge (if any).

Note: The above tax rate is for FY 23-24. It can vary in case of special taxation like u/s 115BAA or Section 115BAB or other tax deductions.

Advantages and Disadvantages of Private Limited Company

Advantages

Limited Liability
As a shareholder, you do not have any personal liability and need not pay for the company’s liability out of your assets.
Separate Legal Entity
A private limited company becomes a separate legal entity after being incorporated. The company is then responsible for managing its assets, liabilities, debtors, and creditors.
Perpetual Succession
A company, being a separate legal entity, is unaffected by the death or cessation of any member but continues to exist irrespective of the changes in membership or ownership.
Funding & Foreign Investment
Attracting funds is relatively easy for Private limited companies as one can raise through equity and debt funds, thus, setting up an optimal capital structure. For companies looking for investment abroad, you can also receive direct foreign investment.
Tax Benefits
Private limited companies might be eligible for certain tax benefits or incentives provided by the government. These incentives could sometimes include deductions, exemptions, or lower tax rates.

Disadvantages

Tedious Registration & Dissolution Process
Registering a private limited company involves a tedious process and costs compared to a Limited Liability Partnership registration. The procedure for dissolving the company can be equally complicated, time-consuming, and costly. A lot of documentation is required and often needs a qualified CA to smoothen the process.
More compliance requirements
A company must maintain various compliances irrespective of business turnover or activity. Hence, operating a company involves a minimum recurring cost each year, and might face penalties for failing to fulfill these requirements.  If you are a small-scale business and currently bootstrapped, it is advisable to register as an LLP.
Slower Management & More Dependencies
Since it requires a minimum of two persons to act as Directors and Shareholders, this type of structure won’t allow centralized control or ownership. Also, the process of approvals and management can be slow due to dependency on all the participating members.

Private Limited Company Registration Number

The Private Limited Company Registration Number, also known as the Corporate Identification Number (CIN), is a unique 21-digit alphanumeric code assigned to a private limited company upon its registration with the Registrar of Companies (ROC).

This number serves as a distinct identifier for the company and contains information about its registration details, including the state where it's registered and the type of company structure.

Example of CIN for a Private Limited Company: U72200KA2013PTC097389

The CIN can be broken down into-

The first letter indicates the listing status of the company. Unlisted companies have a CIN that starts with the letter "U," while listed companies commence with the letter "L."
The next series of five numbers serves to classify the economic activity of a company, indicating the specific industry to which the company pertains.
The following two letters signify the Indian state in which the company is registered. Here, it implies Karnataka.
The succeeding four numbers denote the year of incorporation of the company, i.e., 2013.
The subsequent three letters designate the classification of the company. These aid in determining whether the company is a Private limited company, a Public limited company, a Foreign company, or more. PTC stands for Private Limited Company.
The last six-digit numbers signify the unique registration number issued by the relevant Registrar of Companies (ROC).

How to Get a Registration Number for a Private Limited Company?

Following the approval of the SPICe+ Form, you will receive an email from the MCA that includes the Certificate of Incorporation, PAN, and TAN.

The Registrar of Companies (ROC) issues the Certificate of Incorporation, a legal document that your company has been successfully registered.

The Certificate of Incorporation contains essential details such as the company's name, registration number, date of incorporation, registered office address, and the type of company structure.

Private Limited Company Registration Time

It takes approximately 7 to 10 days from submitting the SPICe+ form to the grant of the Certificate of Incorporation, subject to approval by the MCA.

Things that Delay a Registration Process

The registration process for a company can be delayed due to various factors, both within and beyond your control. Here are some common things that can cause delays in the registration process:

Incomplete Documentation or Errors: Providing incorrect, mismatched, or incomplete documentation can lead to delays. Fill out all the required documents accurately, sign, and attach them as per the regulatory requirements.
Name Approval Issues: If the chosen company name is not compliant with naming guidelines or is already taken, it can lead to delays. You can do a quick Company Name Search on our website to avoid such complications.
MCA Server Glitches: The MCA website can experience technical glitches or a slow server sometimes, which might result in difficulties submitting your application or cause data loss.
Response Time: There is often a time limit during which you must complete the registration process after the name approval. If you don't submit your application within this timeframe, you might need to reapply for name approval.  Delays in payment processing can also hold up the registration process.
Jurisdiction Variability: Different jurisdictions have varying processing times and requirements.

Private Limited Company Registration Fees

The Cost of Registration of Private Limited Company with Razorpay Rize- Rs. 1,499 + Govt. Fee

* Effective 15^th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.

The cost of company registration can vary based on several factors, including the jurisdiction in which you're registering, professional fees, and any additional services you might opt for.

Checklist for Registration

A concise checklist to help you navigate the Private Limited Registration Process:

Get DSC for all designated Directors.

Draft the e-Memorandum of Association & e-Articles of Association.

Approval of Company Name, a unique and compliant name.

Apply through SPICe+.

Submit documents & pay fees.

Get Certificate of Incorporation.

Obtain PAN & TAN.

A Company bank account, Proof of the company's registered office.

Stay up-to-date with Compliances.

FAQs

How can I verify if my company has been registered?

You can verify the registration status of your company through the MCA website. To do this, navigate to the “MCA Services” section and choose “View Company/LLP Master Data” from the provided options. Input your company's Corporate Identification Number (CIN) and click “Submit.” Your company status will be displayed.

Can I register my business as a Private Limited with myself as the sole Director?

A private limited company needs a minimum of two Directors as a legal requirement. Consider alternate options like registering your business as a One Person Company (OPC).

Does Razorpay Rize assist in Private Limited Registration?

Certainly, Razorpay Rize can provide a seamless, 100% online company registration process with Zero professional fees. Feel free to explore our services or reach out to us for further information. To start your company registration today, click below.

* Effective 15^th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.