Private Limited Company
Private Limited Company Registration
A Private Limited Company (Pvt Ltd) is one of the most popular business structures in India, offering limited liability protection, separate legal identity, and enhanced credibility. It is governed by the Companies Act, 2013, and is ideal for startups, small businesses, and growing enterprises.
Compliances for Private Limited Company
Annual ROC Filings (MCA Filings) – AOC-4 & MGT-7 submission to the Registrar of Companies.
Income Tax Return Filing (ITR-6) – Mandatory annual tax filing.
Statutory Audit – Conducted by a Chartered Accountant for financial verification.
Board Meetings & AGM – At least four board meetings per year and an Annual General Meeting (AGM).
GST Registration & Filing – Required if turnover exceeds ₹20 lakhs (₹10 lakhs for special states).
TDS Compliance & Employee PF – Deduct and file TDS returns quarterly.
Shareholding & Director KYC (DIR-3 KYC) – Director identity verification annually.
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Shareholding & Director KYC (DIR-3 KYC)
Advantages of One Person Company (OPC) Registration
Limited Liability Protection – Shareholders’ personal assets remain protected from business liabilities.
Separate Legal Entity – The company has its own identity, independent of its owners.
Easy Fundraising & Investment Opportunities – Pvt Ltd companies can attract venture capitalists, angel investors, and banks.
Perpetual Existence – The company continues to exist even if ownership changes.
Enhanced Credibility – Pvt Ltd registration increases business credibility among clients and investors.
Ownership Transferability – Shares can be transferred easily, unlike traditional partnerships.
Tax Benefits – Eligible for various deductions under the Income Tax Act.
Documentation Required for One Person Company (OPC) Registration
PAN Card of Directors & Shareholders
Aadhar Card, Passport, or Voter ID (Identity Proof)
Latest Utility Bill (Address Proof) of Directors
Registered Office Address Proof (Electricity Bill & Rent Agreement if rented)
Passport-size Photographs of Directors & Shareholders
Digital Signature Certificate (DSC) of Directors
Director Identification Number (DIN) of Directors
Memorandum of Association (MoA) & Articles of Association (AoA)
Bank Statement or Canceled Cheque for Company’s Bank Account
“TaxoTalk made the entire OPC registration process smooth and hassle-free. Highly recommended!”
Frequently Asked Questions (FAQs)
Who can register a Private Limited Company?
Any two or more individuals or entities can register a Pvt Ltd company in India.
What is the minimum capital required for Pvt Ltd registration?
There is no minimum capital requirement. It can be started with as low as ₹1.
Is GST registration mandatory for a Pvt Ltd company?
Yes, if the company's turnover exceeds ₹20 lakhs (₹10 lakhs for specific states) or deals with interstate transactions.
Can a single person register a Pvt Ltd company?
No, a Pvt Ltd company requires at least two directors and two shareholders.
What is the difference between Pvt Ltd and LLP?
Pvt Ltd companies have better funding options and structured governance, while LLPs have fewer compliance requirements.