Private Limited Company

If you are looking to register a Private Limited Company, look no further. FinacBooks services offer you the ease of setting up one of the most popular ways of starting a business in India. What’s more, you’ll get to learn about all the tax and regulatory advantages afforded to a Private Limited Company.

We help you register in three simple steps:

  • First, we register the Directors with the Ministry of Corporate Affairs (MCA)
  • Next, we help you choose the most appropriate company name
  • Lastly, we help you draft your company 's constitution (MoA and AoA)

A Private Limited Company (PLC) is considered the most common and accepted kind of business-authorized entity in India. The registration of a Private Limited Company is governed by the Companies Act, 2013 as well as the Companies Incorporation Rules, 2014. To purchase a Private Limited Company, no less than two shareholders and two directors are required. An all neutral individual could be both a director and shareholder, while a company legal entity can just be a shareholder.

Increasingly, start-ups and small businesses have chosen Private Limited Companies as they allow outside funding to be raised easily, while limiting the liabilities of its shareholders. It enables owners to provide employees the option of owning shares while retaining the right to hire and retain the best talent. Additionally, foreign nationals, international corporate entities or even NRIs can be Directors as well as Shareholders of a Private Limited Company via Foreign Direct Investment, which makes it the ideal choice with international promoters.

A Private Limited Company has unique attributes that make it an ideal business type for countless small and medium sized companies that are professionally managed or even family owned. Some of the attributes of a Private Limited Company are businesses provisions such as limited liability safeguards to shareholders, capacity to increase equity funds, separate authorized entity condition and perpetual existence.

Let us take a look at several of the immediate advantages of a Private Limited Company:

  • Greater freedom with limited liability
  • Increased capital contribution plus greater stability
  • The prospect for future business scalability

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees


Procedure For Company Registration with FinacBooks:

Fill out Registration Form

You have to fill up our easy-to-use business registration form and submit documents for development of a business.

Obtain DSC and DPIN

After issuing your documents, we provide you with Designated Partner Identification Number and a Digital Signature Certificate.

Verification and Name Approval

Your details will be verified; subsequently we move ahead with the name approval.

Document Submission

All of the essential papers are created by us and then filed with ROC on your behalf.

Your work is done!

When your organization is registered, we hand over all of the files and DSCs.


Documents Required For Company Registration

Identity and Address Proof:

Proof of identity and address are necessary for all shareholders and directors for the organization to be integrated. A Permanent Account Number (PAN) is a requirement for all Indian citizens. For foreign nationals, an apostilled and notarised copy of your passport should be submitted mandatorily. All documents submitted should be legitimate. Bank statements or electricity bills, submitted as proof of evidence, must be not less than two weeks old at the time of submission.

Registered Office Proof:

Proof of identity and address are necessary for all shareholders and directors for the organization to be integrated. A Permanent Account Number (PAN) is a requirement for all Indian citizens. For foreign nationals, an apostilled and notarised copy of your passport should be submitted mandatorily. All documents submitted should be legitimate. Bank statements or electricity bills, submitted as proof of evidence, must be not less than two weeks old at the time of submission.

  • Identity proof of Directors and Shareholder

    PAN for Indian Nationals Notarised Passport Copy for Foreign Nationals

  • Proof of Registered Office in India

    Rental Agreement or Sale Deed / Copy of electricity Bill or Electricity Bill NOC letter from Landlord for Use of

  • Address Proof of Directors and Shareholders

    Passport, Drivers Licence, Aadhar card and Bank Statement

  • Signed Incorporation Documents

    Signed Digital Signature Application Documents in Hard Copy Other Incorporation Documents Signed and Uploaded


Advantages of a Private Limited Company

Separate Legal Entity

A Private Limited Company is a separate entity and a juristic individual started under the Companies Act. Thus, a business has a selection of legal capacities, such as, the opening of a bank account, hiring of workers, taking on equity and obtaining licenses and even more. The people (Shareholders/Directors) of an enterprise do not have any private responsibility to the creditors of an enterprise for the company's debts.

Uninterrupted Existence

A PLC has perpetual succession, meaning that it has an uninterrupted presence until it is legally dissolved. A business is a distinct legal entity and is unaffected by the departure or the death of any of its Directors or shareholders. It continues to remain valid, regardless of the changes in ownership.

Easy Transferability

The ownership of the company can be transferred by transferring shares. The signing, transfer and filing of the share transfer form, along with the share certificates are adequate to transfer ownership of the business. In a private restricted business, the consent of other shareholders might be expected for the transfer of shares.

Borrowing Capacity

PLCs are able to increase their equity money in India. Businesses also can issue equity shares, choice shares, debentures. They may also issue deposits with the permission of the RBI. Financial Institutions and banks are also more willing to provide funds to an enterprise rather than to partnership firms.

Owning Property

A PLC, being an artificial entity, can acquire, benefit from and also isolate property in its title. The asset or property belonging to the business could be machinery, factory, residential property, land, intangible assets, and so on. No shareholder can make a case upon the place of business so long as the business is a going concern.