Register Private Limited Company in Maharashtra

Company Registration in Mumbai, GST Registration in Mumbai, GST Filing, LLP Registration in Navi Mumbai, Partnership Firm Registration in Andheri, Private Limited Company Registration in Bandra, Tax Baniya

Private Limited Company is a legal entity, it is a separate entity. It is registered under Companies Act, 2013. Private Limited Company is overall a good Legal structure for business. It should have a minimum of 2 members and a maximum of 200 members. It must have minimum two directors and the maximum limit of Director is 15.

In Private Limited Company the liability of members is limited up to share capital they contribute, it is a major benefit to Shareholder of the Company. Private Limited Company can raise equity fund from their shareholder. 

A Foreign National can be the director of Private Limited Company.

A Private Limited Company, if eligible, can register under Startup India Scheme. A registered Start-Up can also register for Angel Tax Exemptions 

Tax Baniya will help you in all your requirements regarding the registration of Private Limited Company and other formalities. Our Business advisors will give solutions to all your queries regarding Pvt Ltd Company Incorporation and help you to take your decisions easily.

Tax Baniya started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly.

Tax Baniya is leading Company Registration Service Provider and acts as a Consultant in Mumbai, Navi Mumbai, Thane, Palghar 

In India, a private limited company is a highly preferred business structure due to its numerous advantages, making it a popular choice among entrepreneurs. It offers limited liability protection, ease of formation and maintenance, and stands as a distinct legal entity. With its unique features, a private limited company enjoys legal separation from its owners. It requires a minimum of two members and two directors to operate. Let’s delve into the key characteristics of a private limited company in India:

  • One Person Company (OPC): A single individual can establish a company with limited liability, known as an OPC.
  • Limited Liability Partnership (LLP): LLP is established by two or more partners with limited liability.
  • Private Limited Company: A private company is established by a group of individuals planning to raise funds for their business.
  • Public Limited Company: A public company is suited for large businesses that offer their shares to the public on stock exchanges.

Entrepreneurs must ensure to have the following things before applying for company registration in Maharashtra:

  • Entrepreneurs should decide on a unique company name, i.e. a name which is not similar to an already registered trademark or company name.
  • It should have the minimum number of directors (Three for a public company, two for a private company and one for an OPC).
  • It should have the minimum number of members (Seven for a public company, two for a private company and one for an OPC).
  • Foreign nationals can also be directors of the company; however, at least one director must be an Indian citizen.
  • All the company directors should obtain the Director Identification Number (DIN).
  • Every director and shareholder should obtain a Digital Signature Certificate (DSC) to sign company forms and documents.
  • The company must have a registered office address in Maharashtra.
  • Entrepreneurs should prepare the Memorandum of Association (MOA) and Articles of Association (AOA).

Simple Pricing With Deliverables

Silver

₹6,999
  • Time Line : 5 – 7 Days
  • DIN for 2 Directors
  • DSC of 2 Directors / Shareholder
  • Name approval Directly in Spice Form
  • e-MOA / e-AOA
  • Certificate of Incorporation
  • e-PAN Card
  • e-TAN Letter
  • Mandatory ESIC/EPFO Registration
  • Professional Tax Registration

Gold

₹9,999
  • Time Line : 10 – 15 Days
  • DIN for 2 Directors
  • DSC of 2 Directors / Shareholder
  • Name approval
  • e-MOA / e-AOA
  • Certificate of Incorporation
  • e-PAN Card
  • e-TAN Letter
  • Mandatory ESIC/EPFO Registration
  • Professional Tax Registration
  • Certificate of Commencement
  • GST Certificate
  • IEC Code
  • Udhyam Registration

Diamond

₹19,999
  • Time Line : 15 – 25 Days
  • DIN for 2 Directors
  • DSC of 2 Directors / Shareholder
  • Name approval
  • e-MOA / e-AOA
  • Certificate of Incorporation
  • e-PAN Card
  • e-TAN Letter
  • Mandatory ESIC/EPFO Registration
  • Professional Tax Registration
  • Certificate of Commencement
  • GST Certificate
  • IEC Code
  • Udhyam Registration
  • Start up India DIPTT Recognition
  • Angel Tax Exemption Certificate

Platinum

₹24,999
  • Time Line : 15 – 25 Days
  • DIN for 2 Directors
  • DSC of 2 Directors / Shareholder
  • Name approval
  • e-MOA / e-AOA
  • Certificate of Incorporation
  • e-PAN Card
  • e-TAN Letter
  • Mandatory ESIC/EPFO Registration
  • Professional Tax Registration
  • Certificate of Commencement
  • GST Certificate
  • IEC Code
  • Udhyam Registration
  • Start up India DIPTT Recognition
  • Angel Tax Exemption Certificate
  • Trademark Application

Registration Process

For Private Limited Company

Company Name & Objects

Give 2-3 Proposed Name of Company and its Objects
Check Name Availbility

Get Name Approval

First in Form Spice+ A or Directly In Spice Form

Collect Checklisted Documents

Apply For Digital Signatures

Prepare Incorporation Documents, MOA, AOA & Get Signed

Spice+ B Form

Get COI, e-PAN, e-TAN, PF/ESIC, Professional Tax

Open Bank Account

Get Certificate of Commencement

Company incorporated in India is liable to file the commencement certificate within 180 days from the date of incorporation

Documents & Information Required

For Registration of Private Limited Company

Company Specific Details

  • Name of Company
  • Significance of Company Name
  • Object of Company
  • Authorised Capital
  • Paid up Capital
  • Address of Company (Not older than 1 month) - Electricity Bill Or MTNL Bill or GAS Bill
  • No Objection on from Owner

Directors / Share holders’ Details

  • Name of Promoters
  • Shareholding Pattern of Promoters
  • Email ID of Promoters
  • Mobile Number of Promoters
  • Photos of Promoters
  • Identity Proof - Any 1 Out of Passport / Driving License / Voter Id Card / Aadhaar
  • Residential Proof (Not Older than 1 Month) - Any 1 Out Of Electricity Bill / Phone Bill / Mobile Bill / Bank Statement in the name of the Promoter

Features

of Private Limited Company

LEGAL & SEPARATE ENTITY

Private Limited Company is limited by Shares, having a separate legal entity status, which means the Company shall be considered as a separate person from the investor and owner of Company. Therefore it has legal Capacities of its own and can take a legal action against frauds.

Limited Liability

Private Limited Company has a limited liability to the extent of Share capital issued by company. The liability of Company is limited to its assets only, personal properties of members/Directors is not considered for the liability of Company to Creditors.

Perpetual Succession

An incorporated company has perpetual succession. Perpetual Succession means the company shall continue to exist even if the member dies or ceases, etc. Changes within the management does not bring any affect onto the identity of the company, the Company will remain the same with same privileges, immunities, estates and possessions. The Company shall continue to exist till its wound up in accordance with the provisions of the relevant law.

Easy Transferable Ownership

The shares and other interest of any member in the Company shall tend to be a movable property and can be transferable in the manner so provided by the Articles of such company. Therefore, it is easier to subscribe or leave the membership of the Company. Also it is easier to transfer the ownership.

FAQs for company registration in Mumbai

Can Private  Ltd company be registered in Mumbai if I do not stay in Mumbai?

Yes any one residing any where in india can register a Private limited company in Mumbai

Can I register Private Limited company at my home or residential address in Mumbai?

Yes. But we need the NOC of the owner of the property.

Can the company be registered online or I need to visit your registration office in Mumbai?

The Private Limited Company can be registered completely online.

How to register Private Limited company in Mumbai?

Registering a company in Mumbai is a very easy process. You can complete is online and that too in a very affordable fees. There are just 3 steps to register a company in Mumbai:

Step 1 – Apply for digital signatures of Directors and Shareholders. It can be applied from E mudra or any other authorized vendor.

Step 2 – Fill in the documents like DIR 2, INC 9, Spice+ form in the MCA website.

Step 3 – Get the form certified by the chartered accountant or the company secretary and upload it.

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Post Incorporation Compliance of Company Under Compaies ACT 2013

  • Appointment of first auditor
  • Opening of bank account for the company & Deposit Capital As per MoA
  • Registering under other acts Like GST, IEC, Udyam, Startup india, FSSAI
    Apply for CoC within 6 months from date of incorporation, however allotment of the securities
    required within 60 days so effectively apply for CoC within 60 days. Failure to comply with above provisions shall have following consequences:
  • Non-issuance of share certificates within the prescribed time limit: Penalty of Rs. 50,000 on both company and officer in default.
  • Failure to comply with Section 10A: Penalty of Rs. 50,000 on company and penalty of Rs.1,000 for each day subject to maximum of Rs. 1,00,000 on officer in default.

Annual Compliances

of Company Under Companies ACT 2013

  • Minimum 4 board meeting with an interval of maximum 120 days between 2 consecutive board meeting,
  • Statutory audit of accounts and appointment of Auditors (ADT 1),
  • Filing of annual return (form MGT-7),
  • Filing of financial statements (form AOC- 4),
  • DIR KYC of All directors
  • MSME Compliance half yearly DPT Form for Loan from directors and Relatives (DPT 3)
  • Holding Annual General Meeting,
  • Preparation of directors’ report.
  • Office Address KYC - Active 22A
  • Maintenance of Minutes and Statutory Registers

Other Compliances

Event Based

  • Change in authorized or paid up capital of the Company.
  • Allotment of new shares or transfer of shares.
  • Giving loans to other Companies.
  • Giving loans to directors.
  • Appointment or change of the statutory auditors of the Company.
  • Change in the registered office of the Company (Inc-22)
  • Change in the director of the Company (DIR-12)
  • Change in the auditor of the Company (ADT-1)
  • Change in the object of the Company
  • Change in the name of Company
  • Compliance Burden: Face regulatory demands, including financial reporting, filings, and audits.
  • Complex Setup: Process and cost for managing are higher than more superficial structures.
  • Share Limits: Restricted share transfers; max 200 shareholders in India.
  • Public Disclosure: Financial info is publicly viewable, impacting privacy.
  • Exit Complexity: Selling or leaving is more complicated than with other structures.
  • Slower Decisions: The involvement of shareholders and directors may slow choices.