{"product_id":"company-registration-professional-fee","title":"Company Registration (Professional Fee)","description":"\u003ch2\u003ePrivate Limited Company Registration\u003c\/h2\u003e\n\u003cp\u003eA Private Limited Company is one of the most popular and trusted business structures in India. It offers shareholders limited liability protection, a separate legal identity, and a clear distinction between directors and shareholders – making it the preferred choice for startups, growing businesses, and entrepreneurs looking to build a scalable venture.\u003c\/p\u003e\n\u003cp\u003eBizReady offers end-to-end private limited company registration at affordable prices. Our CA-backed team handles everything – from DSC and DIN to SPICe+ filing and Certificate of Incorporation – ensuring full compliance with the Ministry of Corporate Affairs (MCA) regulations.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eWhat is a Private Limited Company?\u003c\/h2\u003e\n\u003cp\u003eA private limited company is a privately held business entity with limited liability. It has a separate legal identity from its owners and requires a minimum of two members and two directors to operate. It is among the most favoured business structures in India due to its numerous advantages.\u003c\/p\u003e\n\u003cp\u003eKey Characteristics:\u003c\/p\u003e\n\u003cp\u003eLimited Liability Protection: Shareholders are liable only to the extent of their shareholding. Personal assets remain protected even if the company faces financial setbacks.\u003c\/p\u003e\n\u003cp\u003eSeparate Legal Entity: The company has its own legal identity – it can own property, enter into contracts, and initiate or defend legal actions in its own name.\u003c\/p\u003e\n\u003cp\u003eMinimum Shareholders: A private company must have a minimum of 2 and a maximum of 200 shareholders.\u003c\/p\u003e\n\u003cp\u003eMinimum Directors: At least 2 directors are required, and at least one must be an Indian citizen and resident.\u003c\/p\u003e\n\u003cp\u003eMinimum Share Capital: The company must maintain a minimum paid-up capital of ₹1 lakh or higher as prescribed.\u003c\/p\u003e\n\u003cp\u003eName Requirement: The company name must end with \"Private Limited.\"\u003c\/p\u003e\n\u003cp\u003eRestrictions on Share Transfer: Shares can only be transferred with Board approval or as per the Articles of Association.\u003c\/p\u003e\n\u003cp\u003eNo Public Invitation: Private limited companies cannot invite the public to subscribe to their shares or debentures.\u003c\/p\u003e\n\u003cp\u003eCompliance Obligations: The company must maintain proper financial records, conduct annual general meetings, and file annual returns with the Registrar of Companies (RoC).\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eTypes of Private Limited Companies\u003c\/h2\u003e\n\u003ch3\u003eCompany Limited by Shares\u003c\/h3\u003e\n\u003cp\u003eShareholders' liability is limited to the nominal share amount mentioned in the Memorandum of Association. This is the most common type.\u003c\/p\u003e\n\u003ch3\u003eCompany Limited by Guarantee\u003c\/h3\u003e\n\u003cp\u003eMember liability is limited to the guaranteed amount specified in the Memorandum of Association, invoked only during winding up.\u003c\/p\u003e\n\u003ch3\u003eUnlimited Company\u003c\/h3\u003e\n\u003cp\u003eMembers have unlimited personal liability for the company's debts. However, the company is still a separate legal entity, and individual members cannot be sued directly.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eAdvantages of a Private Limited Company\u003c\/h2\u003e\n\u003cp\u003eLimited Liability: Shareholders' responsibility is restricted to their capital contribution. Personal assets are protected from the company's financial obligations.\u003c\/p\u003e\n\u003cp\u003eDistinct Legal Identity: The company exists independently of its owners – it can own assets, sign contracts, and take legal action in its own name.\u003c\/p\u003e\n\u003cp\u003ePerpetual Existence: The company's existence continues regardless of changes in shareholders or directors. It is not dependent on the lifespan of any individual.\u003c\/p\u003e\n\u003cp\u003eEase of Funding: Raising capital through shares is straightforward – making it attractive to investors, venture capitalists, and angel investors.\u003c\/p\u003e\n\u003cp\u003eTax Benefits: Private limited companies may qualify for various tax benefits and exemptions, making them tax-efficient entities.\u003c\/p\u003e\n\u003cp\u003eCredibility and Trust: Having \"Pvt. Ltd.\" in your company name instils greater confidence among customers, suppliers, and partners.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eDisadvantages of a Private Limited Company\u003c\/h2\u003e\n\u003cp\u003eCompliance Burden: Regulatory demands including financial reporting, annual filings, and statutory audits are mandatory.\u003c\/p\u003e\n\u003cp\u003eHigher Setup Cost: Formation and ongoing management costs are higher compared to simpler structures like sole proprietorships or partnerships.\u003c\/p\u003e\n\u003cp\u003eShare Transfer Restrictions: Shares cannot be freely transferred; maximum of 200 shareholders permitted.\u003c\/p\u003e\n\u003cp\u003ePublic Disclosure: Financial information is filed with the RoC and may be publicly accessible.\u003c\/p\u003e\n\u003cp\u003eExit Complexity: Selling shares or exiting the company is more complex than with other structures.\u003c\/p\u003e\n\u003cp\u003eSlower Decision-Making: Involvement of shareholders and the board may slow down certain business decisions.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eRequirements for Registration\u003c\/h2\u003e\n\u003cp\u003eDirectors and Members: A minimum of 2 directors and 2 members are required under the Companies Act, 2013. Directors must obtain a Director Identification Number (DIN) from the MCA. At least one director must be an Indian resident (having spent 182+ days in India in the previous calendar year).\u003c\/p\u003e\n\u003cp\u003eCompany Name: The name should reflect the principal business activity and must end with \"Private Limited.\" It must be unique and not identical to any existing company or trademark.\u003c\/p\u003e\n\u003cp\u003eRegistered Office Address: The company must provide a permanent registered office address to the Registrar. All business operations and company documentation are maintained at this address.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eCompany Registration Process – Step by Step\u003c\/h2\u003e\n\u003ch3\u003eStep 1: Obtain Digital Signature Certificate (DSC)\u003c\/h3\u003e\n\u003cp\u003eEvery director and shareholder must obtain a DSC issued by the Controller of Certification Agencies (CCA). Required documents include passport-sized photos, PAN, Aadhaar Card, phone number, and email address. Foreign nationals must also furnish notarised and apostilled documents if applicable.\u003c\/p\u003e\n\u003ch3\u003eStep 2: Obtain Director Identification Number (DIN)\u003c\/h3\u003e\n\u003cp\u003eAll proposed directors must obtain a DIN. This unique identification number is essential and must be provided in the registration forms.\u003c\/p\u003e\n\u003ch3\u003eStep 3: Name Reservation (SPICe+ Part A)\u003c\/h3\u003e\n\u003cp\u003eComplete the SPICe+ Part A form to reserve a unique company name. This involves selecting the company type, class, category, and sub-category, specifying the industrial activity, and proposing two names for approval.\u003c\/p\u003e\n\u003ch3\u003eStep 4: Submit Company Details (SPICe+ Part B)\u003c\/h3\u003e\n\u003cp\u003eProvide comprehensive information including authorised and paid-up capital, registered office address, subscriber and director details, stamp duty payment, PAN and TAN application, and all necessary attachments.\u003c\/p\u003e\n\u003ch3\u003eStep 5: File MOA and AOA (SPICe+ MOA \u0026amp; AOA)\u003c\/h3\u003e\n\u003cp\u003eDraft the Memorandum of Association (MOA) and Articles of Association (AOA) containing key company details. Obtain digital signatures from subscribers and professionals before submitting to the MCA.\u003c\/p\u003e\n\u003cp\u003eAdditionally, file the AGILE-PRO-S form to register for GST, EPFO, ESIC, bank account opening, and Shop and Establishment licence (state-dependent).\u003c\/p\u003e\n\u003ch3\u003eStep 6: Receive Certificate of Incorporation\u003c\/h3\u003e\n\u003cp\u003eUpon successful verification, the MCA issues the Certificate of Incorporation (COI) along with the Company Identification Number (CIN), PAN, and TAN.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eWhat is a Certificate of Incorporation?\u003c\/h2\u003e\n\u003cp\u003eThe Certificate of Incorporation is a government-issued document that legally confirms the formation of your company under the Companies Act, 2013. It is issued digitally by the Registrar of Companies (RoC) under the MCA after successful approval, in accordance with Section 7(2) of the Act.\u003c\/p\u003e\n\u003cp\u003eThis certificate authorises your company to:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eOwn assets and open bank accounts\u003c\/li\u003e\n\u003cli\u003eApply for statutory registrations (GST, etc.)\u003c\/li\u003e\n\u003cli\u003eEnter into legal contracts\u003c\/li\u003e\n\u003cli\u003eRaise funds and investments\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe certificate contains: Company Name, Corporate Identification Number (CIN), Date of Incorporation, PAN and TAN, Company Structure, and Registered Office Address.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eDocuments Required\u003c\/h2\u003e\n\u003ch3\u003eFor Indian National Directors\/Subscribers\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eAffidavit by Subscribers on stamp paper confirming intention to become shareholders\u003c\/li\u003e\n\u003cli\u003eRegistered Office Proof – Rent agreement + NOC from landlord (if rented) or Sale Deed (if owned)\u003c\/li\u003e\n\u003cli\u003eUtility Bill – Latest electricity, water, or gas bill (not older than 2 months)\u003c\/li\u003e\n\u003cli\u003eName Approval Documents – Trademark certificate or government approval letter, if applicable\u003c\/li\u003e\n\u003cli\u003eIdentity and Address Proof – For any subscriber\/director without an existing DIN\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eFor Foreign National Directors\/Subscribers\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eValid Passport (mandatory)\u003c\/li\u003e\n\u003cli\u003eAddress Proof – Driving licence, residence card, bank statement, or government-issued ID with address\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003chr\u003e\n\u003ch2\u003eTimeline\u003c\/h2\u003e\n\u003cp\u003eRegistering a Private Limited Company in India typically takes 7–10 working days, covering DIN approval, name reservation, and Certificate of Incorporation. The SPICe+ (INC-32) form has streamlined the entire process into a single online application with the MCA, significantly reducing registration time.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003ePost-Registration Compliance\u003c\/h2\u003e\n\u003cp\u003eAfter incorporation, the following compliances are essential to ensure smooth operations:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eOpening a company bank account\u003c\/li\u003e\n\u003cli\u003eIssuing share certificates to subscribers\u003c\/li\u003e\n\u003cli\u003eAppointing auditors within 30 days\u003c\/li\u003e\n\u003cli\u003eFiling the LLP Agreement \/ commencement of business declaration\u003c\/li\u003e\n\u003cli\u003eMaintaining statutory registers and minute books\u003c\/li\u003e\n\u003cli\u003eFiling annual returns and financial statements with the RoC\u003c\/li\u003e\n\u003cli\u003eGST registration (if applicable)\u003c\/li\u003e\n\u003cli\u003eRegular board meetings and AGMs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBizReady provides ongoing post-registration compliance support to keep your company in good standing.\u003c\/p\u003e\n\u003chr\u003e\n\u003ch2\u003eWhy Choose BizReady for Company Registration?\u003c\/h2\u003e\n\u003cp\u003eExpert Consultation: Our team of Chartered Accountants and legal professionals provides guidance tailored to your specific business goals and structure.\u003c\/p\u003e\n\u003cp\u003eName Selection \u0026amp; Reservation: We help you choose a unique, compliant company name, conduct availability searches, and handle the reservation process as per RoC guidelines.\u003c\/p\u003e\n\u003cp\u003eComplete Documentation: From DSC and DIN to MOA, AOA, and SPICe+ filing – we prepare and submit everything accurately.\u003c\/p\u003e\n\u003cp\u003eTransparent Pricing: No hidden charges. You know the complete cost of registration before we begin.\u003c\/p\u003e\n\u003cp\u003eEnd-to-End Support: We don't just incorporate your company – we set you up for long-term success with post-registration compliance, GST filing, income tax support, and more.\u003c\/p\u003e\n\u003cp\u003eTrack Your Progress: Monitor every step of your registration through our platform. Complete transparency from start to finish.\u003c\/p\u003e\n\u003cp\u003eBacked by the professionals at LexVerge LLP, BizReady brings big-firm expertise to growing businesses at SME-friendly prices.\u003c\/p\u003e","brand":"BizReady","offers":[{"title":"Default Title","offer_id":48286722851043,"sku":null,"price":2499.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/2237\/6675\/files\/PrivateCompany.png?v=1771439379","url":"https:\/\/www.bizready.in\/products\/company-registration-professional-fee","provider":"BizReady","version":"1.0","type":"link"}