Key Features
The Process
Documents Required
PAN Card of Directors (Mandatory Identity Proof)
Aadhaar Card, Voter ID, or Passport (Address Proof)
Recent Utility Bill or Bank Statement (Residential Proof)
Recent Passport Size Photographs of all Directors
Active Email ID and Mobile Number for OTP Verification
Proof of Proposed Registered Office Address (Electricity/Water Bill)
NOC from Property Owner (if the office premises are rented)
Frequently Asked Questions
Who should register a Private Limited Company?
Startups, growing businesses, and entrepreneurs looking for outside funding, limited liability protection, and a scalable corporate structure should register as a Private Limited Company. It is the most trusted business entity in India for B2B operations and scaling.
Can a single person start a Private Limited Company?
No, a Private Limited Company requires a minimum of two directors and two shareholders to incorporate. If you are a single founder, you can incorporate a One Person Company (OPC) instead, which allows a single member to operate with limited liability.
What is the difference between an LLP and a Private Limited Company?
While both offer limited liability, a Private Limited Company is better suited for startups looking to raise equity funding (VCs/Angel Investors) and offer ESOPs to employees. An LLP (Limited Liability Partnership) is better for professional services firms that do not intend to raise equity capital and want fewer annual ROC compliances.
How long does the registration process take?
With Vakeel's streamlined online process, registering a Private Limited Company typically takes 7 to 14 working days, subject to government processing times, document verification, and the availability of your proposed company name.
How much minimum capital is required?
The government has abolished the minimum paid-up capital requirement for Private Limited Companies. You can now start a company with any amount of authorized and paid-up capital, even as low as ₹1,000.
Can NRIs or Foreign Nationals register a company in India?
Yes, Non-Resident Indians (NRIs) and Foreign Nationals can become directors and shareholders of an Indian Private Limited Company. However, at least one director must be an Indian Resident (someone who has stayed in India for at least 182 days in the previous financial year). All foreign documents must be properly notarized and apostilled.
Is GST registration mandatory immediately after incorporation?
No, GST registration is not automatically mandatory upon incorporation. It becomes mandatory only when your annual turnover exceeds ₹40 Lakhs (for goods) or ₹20 Lakhs (for services), or if you are engaged in inter-state taxable supply or e-commerce operations. However, many companies voluntarily register for GST immediately to claim input tax credits.
What are the mandatory annual ROC compliances?
Every Private Limited Company must hold a minimum of 4 Board Meetings per year, appoint a statutory auditor within 30 days of incorporation, file annual financial statements (AOC-4), file the annual return (MGT-7), and complete director KYC (DIR-3 KYC). Non-compliance attracts heavy daily penalties from the MCA.
Do I need a commercial office space to register?
No, you do not need a commercial office space to register your company. You can legally register your Private Limited Company at your residential address. You only need to provide a recent utility bill (electricity, water, or gas) and a No Objection Certificate (NOC) from the legal owner of the property.
What happens if I want to close the company later?
If your company is inoperative and has no assets or liabilities, you can apply for 'Strike Off' under the Fast Track Exit (FTE) scheme by filing Form STK-2. However, all pending compliances must be cleared before applying for closure.
What is the corporate tax rate for a Private Limited Company?
The corporate tax rate depends on your turnover and business activities. For most newly incorporated domestic companies, the base tax rate is 25%. However, under section 115BAA, companies can opt for a concessional rate of 22% (plus surcharge and cess). New manufacturing startups can avail a highly competitive rate of 15% under section 115BAB.
Does the company automatically get Startup India benefits?
No. While being a Private Limited Company is a prerequisite, you must separately apply for DPIIT Recognition under the Startup India program to unlock benefits like a 3-year income tax holiday, angel tax exemption, and reduced trademark filing fees.