Private Limited Company

Private Limited Company Registration in Mumbai - Documents, Fees, and Process

Let BizMantra handle your Private Limited Company Registration with complete confidence! Our expert team is dedicated to ensuring a smooth and hassle-free process, keeping your business compliant with all safety regulations.

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Key Information

What is a private limited company?

How to Register a Private Limited Company with BizMantra

Minimum Requirements for Private Limited Company

Advantages of a Private Limited Company

Documents Required for Private Limited Company Registration

Documents You Will Receive After Registration

Time Required for Online Private Limited Company

Post-Registration Services for Private Limited Company

Frequently Asked Questions (FAQ)

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What is a Private Limited Company?

A Private Limited Company is one of the most common business structures in India, offering limited liability protection and a separate legal identity. By registering your Private Limited Company, you safeguard your business and personal assets while allowing it to grow without exposing shareholders to individual liabilities.

How to Register a Private Limited Company with BizMantra

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Digital Signature Certificate (DSC) Creation

Unique Business Name Reservation

Filing of SPICe Form (INC-32)

Submission of Memorandum of Association (MoA) and Articles of Association (AoA)

Issuance of Incorporation Certificate.

Minimum Requirements for Private Limited Company Registration in Mumbai

At least 2 Directors.

A Unique Business Name.

One director must be a Resident of India.

A Registered Office Address in Mumbai.

Advantages of a Private Limited Company

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Limited Liability:

The personal assets of shareholders are protected as their liability is limited to the capital they have invested in the company.

Separate Legal Entity :

A Private Limited Company can own assets, enter into contracts, and sue or be sued independently of its shareholders.

Perpetual Existence:

The company continues to operate even if shareholders leave or pass away.

Access to Capital:

Companies can raise capital through private investors, helping to fund business growth.

Documents Required for Private Limited Company Registration

To register your Private Limited Company, you will need:

Aadhar Card

PAN Card / DIN

Email Address and Mobile Number

Utility Bills (not older than 2 months)

Rent Agreement

No Objection Certificate (NOC)

Documents You Will Receive After Registration

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Once your Private Limited Company is registered, you will receive the following documents:

Incorporation Certificate

Permanent Account Number (PAN) of the Company

Tax Deduction Account Number (TAN) of the Company

Memorandum of Association (MoA)

Articles of Association (AoA)

Time Required for Online Private Limited Company Registration

The entire registration process takes about 7-10 working days, depending on document validation and approvals from the Ministry of Corporate Affairs.

Post-Registration Services for Private Limited Company

At BizMantra, we offer a range of post-registration services for your Private Limited Company:

GST Registration : Our team helps you register for GST, enabling legal tax collection for your business.

Opening a Current Bank Account : We assist in setting up a business bank account post-registration.

Annual Compliance Filings : We ensure your company remains compliant with annual returns and financial statements.

Trademark Registration : Protect your brand identity with our trademark registration services.

Business Licenses and Permits : We guide you through obtaining the necessary business licenses to operate legally.

Benefits of Registering a Private Limited Company in Mumbai

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Access to Investors:

Mumbai offers plenty of investment opportunities for your Private Limited Company.

Credibility and Trust:

A Private Limited Company enjoys higher trust from customers and investors.

Legal Safeguards:

Registering in Mumbai ensures your company is protected under India’s corporate laws.

Networking Opportunities:

Mumbai’s thriving business environment allows you to connect with potential partners, clients, and investors.

FAQ

1.How long does the Private Limited Company registration process take?: Answer: The entire registration process with BizMantra takes around 7-14 working days, depending on document verification and approvals from the Ministry of Corporate Affairs.
2.Is there a minimum capital requirement to start a Private Limited Company?: Answer: No, there is no specific minimum capital requirement to register a Private Limited Company. You can start with any amount that aligns with your business plan.
3.Can a Private Limited Company have a single director?: Answer:No, a Private Limited Company must have at least two directors. However, only one of them needs to be a resident of India.
4.Can NRIs or foreign nationals be directors of a Private Limited Company?: Answer: Yes, NRIs and foreign nationals can be directors, provided that at least one director is a resident of India.
5. Do I need a physical office address to register my Private Limited Company?: Answer: Yes, a registered office address is mandatory. It can be a commercial or residential property, but you'll need proof of address like a utility bill, rent agreement, or No Objection Certificate (NOC) from the property owner.
6. What are the tax implications for a Private Limited Company?: Answer: Private Limited Companies are subject to corporate tax rates. You may also need to comply with Goods and Services Tax (GST) regulations if applicable to your business operations.
7. What happens if I do not comply with annual filing requirements?: Answer: Non-compliance with annual filing requirements, such as filing financial statements or annual returns, can lead to penalties, disqualification of directors, and even the striking off of the company by the Registrar of Companies.
8.What is the maximum number of shareholders allowed in a Private Limited Company?: Answer: A Private Limited Company can have up to 200 shareholders, offering flexibility in expanding the ownership structure.
9.Can a Private Limited Company be converted into another business structure?: Answer: Yes, a Private Limited Company can be converted into other structures like a Public Limited Company or Limited Liability Partnership (LLP), depending on business needs and compliance requirements.
10.Is it possible to change the company’s registered office address after incorporation?: Answer:Yes, you can change the registered office address of your Private Limited Company, but you must notify the Registrar of Companies (RoC) and complete the necessary paperwork.

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