Starting your own business? Registering it as a Private Limited Company (PLC) is one of the smartest decisions you can make! A PLC gives your business a professional image, protects your personal assets, and opens doors to funding opportunities.
But how do you go about registering one? Don’t worry! We’ve broken down the process into simple, easy-to-follow steps just for you.
What Is a Private Limited Company?
A Private Limited Company is a legal structure that limits the liability of its owners. This means your personal assets remain safe if something goes wrong in the business. It’s the most popular choice for startups and growing businesses in India.
Why Register as a Private Limited Company?
Here are some great benefits:
✅ Limited liability protection for owners.
✅ Better credibility with customers, investors, and partners.
✅ Easier access to loans and funding.
✅ Tax advantages.
Step-by-Step Registration Process
Step 1: Get Digital Signatures (DSC)
Digital Signatures are the first step. They allow directors and shareholders to sign documents online.
👉 How to get one? Apply through a government-approved agency.
💡 Tip: Make sure all directors and shareholders have their PAN and Aadhaar ready!
Step 2: Apply for a Director Identification Number (DIN)
A DIN is like a unique ID for each director. If your directors don’t already have a DIN, don’t worry! You can apply for it directly during registration.
Step 3: Choose a Unique Company Name
This is where you get creative! Your company name should be:
- Unique and not similar to existing names.
- Compliant with the MCA’s naming rules.
File the SPICe+ (Part A) form to reserve your name. Once approved, it’s locked in for 20 days.
💡 Pro Tip: Check if the name is available using the MCA name checker tool before applying.
Step 4: Prepare the Necessary Documents
Documentation may sound boring, but it’s the backbone of the process. Here’s what you’ll need:
📄 Memorandum of Association (MoA): Defines your company’s objectives.
📄 Articles of Association (AoA): Sets the rules for how your company will operate.
📄 Proof of Registered Office: Utility bills, rent agreement, or ownership documents.
📄 ID Proofs: PAN, Aadhaar, or Passport of directors and shareholders.
Step 5: File for Incorporation
This is where everything comes together! File the SPICe+ (Part B) form on the MCA portal. Along with it, file the AGILE-PRO-S form to apply for:
- GST Registration (optional).
- PAN and TAN (auto-generated).
- EPFO and ESIC registrations.
Pay the required fees, and your application is on its way to being processed.
Step 6: Get Your Certificate of Incorporation (CoI)
🎉 Congratulations! Once approved by the Registrar of Companies (RoC), you’ll receive your Certificate of Incorporation.
Your CoI includes:
- Your company’s Corporate Identification Number (CIN).
- Proof that your company is officially registered.
What Happens Next?
You’re officially a business owner, but a few more steps remain:
- Open a Bank Account: Use your CoI, PAN, and other documents.
- File INC-20A: A declaration of commencement of business within 180 days.
- Comply with Taxes: Get your GST, TDS, and other registrations done.
Ready to Register Your Company? Let Us Help!
The registration process may seem overwhelming, but that’s why we’re here! At Ganesh K Choudhary & Co, we specialize in helping entrepreneurs like you set up their businesses.
From choosing the right name to handling all the paperwork, we’ll make the process smooth and stress-free for you.
📞 Contact us today to start your business journey!