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Private Limited Company Registration: Everything You Need to Know

Private Limited Company is the most preferred business structure in India. Manufacturing companies, Product and Service based businesses, Start-ups and even Non-profit Organizations register their business as a Private Limited Company. A Private Limited Company is the preferred choice for Angel Investors, Venture Capital Investors and other Fund Managers as it provides them all the benefits and comfort that other business structures do not provide.

In India, a company in which the shares are held privately by one person or a group of people who have limited liability is commonly known as a private limited company. When the shares are held by only one person it is known as One Person Company (OPC), when the general public can hold the shares of a company then it is called a Public Limited Company and finally when the shares are held by a few people privately then it is called a Private Limited Company.

The first step in starting your business requires Private Limited Company Registration. And because of that Bright Accounts, offers a budget-friendly service to streamline the registration process for your company.

Bright Accounts will manage all the legal formalities, guide you in the legal formalities ensuring adherence to the strict regulations set by the Ministry of Corporate Affairs (MCA).

Upon the successful completion of the private limited company registration process, Bright Accounts will furnish you with an Incorporation certificate (CoI) along with PAN and TAN documents.

With the help of these documents, you can effortlessly set up a current bank account and kickstart your business operations.

At Bright Accounts, we ensure a smooth transition from registration to the practical steps necessary to get your business up and running.

A few examples of Private Limited Companies

Private Limited Company registration in 7 days – 100% Guaranteed

Document Requirements for Private Limited Company Registration

Bright Accounts has compiled a detailed list of  documents that are required to register a Private Limited Company. Speak to our experts for any queries.

Identity Proof

Address Proof

Proof of Registered Office

Other Documents

process

Private Limited Company Registration Process

in 3 Simple Steps

At Bright Accounts, we have simplified the Private Limited Company Registration process into 3 simple steps. This makes your journey smooth, structured, and easy.

Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.

benefits

What's Good

about a Private Limited Company Registration

Better Business Profile

A private limited company is perceived as more substantial than businesses run by a sole trader. When customers place orders or award contracts, they want to be confident that the supplier has the resources to provide a reliable service.

Limited Liability Protection

Shareholders of a private limited company benefit from a key advantage that their responsibility is limited to the extent of their capital contribution. A private limited company provides a crucial layer of protection. This advantage significantly reduces the risk of personal assets being seized to settle business debts in the unfortunate event of business failure.

Ease of Funds

Private limited companies enjoy broader access to funds for expansion. This includes bank loans, venture capital, and crowdfunding, as investors perceive these companies as having lower risks. Another avenue for capital infusion is through the sale of shares in your business, even though public sales of shares are not permitted.

Business Name Protection

When you register your private limited company with MCA, your business name is protected and cannot be used by any other business. This level of protection makes each company’s name unique and protected. It also prevents other businesses from copying or imitating your business name.

Favorite Business structure for Investors

Investors find Private Limited companies appealing due to their well-structured nature and fewer complications. Importantly, the ease of exiting from a private limited company adds to its attractiveness for potential investors.

Trust and Credibility

Private limited company is a widely recognized and preferred business structure. Corporate customers, vendors, and government agencies show a preference for engaging with a Private Limited Company over proprietorships or regular partnerships. Including "Pvt. Ltd." in the company name frequently inspires greater confidence and trust among customers, suppliers, and partners.

What do you get

when you register with our help

Ready to Register your Private Limited Company?

When you register your Private Limited Company with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business

testimonials

What our clients say

Very structured service which did not delay the entire process as we were looking to open our company as soon as passible. Thank you for hassle free service.
Pallavi
From what we read online, it seemed like a long and lengthy process. But these guys made it look effortless. Worth it!
Shahrukh
We had a smooth process. Thanks a lot Bright Accounts! We want to continue our association for other areas as well, hope you support in the same manner.
Piyush
Bright Accounts helped us with all our doubts right from the beginning and incorporated our private limited company.
Daisy

Why Bright Accounts

There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

Bright & Knowledgeable

Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

Always happy to help

Bright Accounts commit to provide dedicated support and assistance to our clients.

Professional & Approachable

We maintain a high level of professionalism while being easily approachable for our clients.

Easy & Quick

We focus on streamlining and simplifying the complex processes for our clients.

Private Limited Company Registration Fees

At Bright Accounts, private limited company registration fees are not only affordable but also come with a commitment to delivering superior service. We take pride in offering the best value for your money, ensuring both quality service and customer satisfaction.

Private Limited Company Registration Process

Timeline

After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.

Confused between Private Limited, Partnership or LLP? Speak with an expert.

    Bought Together

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Get your GST Number in 3 days

    GST Registration is mandatory for all business entities. Bright Accounts can help you obtain a GST number in 3 simple steps.

    Obtain Start-up India Registration

    Avail benefits under the Start-up India Scheme by registering your business. Bright Accounts will help you register in 3 simple steps.

    Register your MSME & get benefits

    MSME is considered as the backbone of the economy. Bright Accounts will help you gain access to a range of benefits through its registration

    Frequently Asked Questions

    You can verify the registration status of your company through the MCA website. To do this, visit the MCA website, then navigate to the “MCA Services” section and choose “View Company/LLP Master Data” from the provided options. Type your company’s Corporate Identification Number (CIN) and click “Submit.” Your company status will be displayed.

    A private limited company needs a minimum of two Directors. This is a mandatory legal requirement. However, you can consider alternate options like registering your business as a One Person Company (OPC)

    Certainly, Bright Accounts can provide a seamless, 100% online company registration process. Feel free to explore our services or reach out to us for further information.



    No, a Private Limited Company is restricted from issuing shares to the public. It can only raise funds through private placements, venture capital, or loans.

    You can surely convert a Private Limited Company to another business structure, such as a Limited Liability Partnership (LLP) or a Public Limited Company, subject to regulatory provisions.

    You can wind up a private limited company voluntarily by following the legal process, which involves obtaining shareholders’ approval, settling debts, and filing necessary documents with the RoC

    1. Open a dedicated business bank account to manage financial transactions
    2. Register your Trademark and Domain name.
    3. Get a Declaration of Commencement of Business.
    4. Set up your registered office as per the address provided during registration.
    5. Appoint Accountants, Auditors, and other personnel as per compliance.
    6. Plan out board meetings and AGMs within set timelines.
    7. Apply for Startup programs, Government schemes, etc.
    8. Apply for Goods and Services Tax (GST) registration.