Register Pvt Ltd Company in 7 Days – 100% Legal Process

Imagine establishing a business as a private limited company. Additionally, you will receive numerous advantages with it. As the company clearly defines, such types of business work as a separate legal entity. On the other hand, the startups fail to build their business as a company due to a daunting list of procedures, legal requirements, and seemingly endless waiting periods. But, what if the procedure for Pvt Ltd company formation can be done in just 7 days? It is unique, yes! Turn your vision and become the owner of your business in just a week of application registration. Let’s dive into this blog to know how you can register pvt ltd company in just 7 days and what points you should keep in mind before applying. 

How does a Pvt Ltd company Incorporation Act?

The businesses that register for a private limited company act as a distinct legal entity. It means the Pvt Ltd company incorporation follows the rules and regulations under the Companies Act, 2013. To establish a privately held company in India, entrepreneurs must have a minimum of 2 members. However, the number of members can be increased.

Here is a catch: a privately held company restricted from public trading. The shares of a registered private limited company are not permitted to be distributed or utilized by the general public. Due to the separate legal ownership, the members are allowed to enter into contracts, own property, and conduct business in their own names. 

The personal assets of a shareholder are also safe from financial risks or liabilities. Additionally, the maximum number of maximum members in a company ends at 200. As the shares of a registered company cannot be transferred, this signifies that the shares cannot be traded in an open market. 

Also Read This: Pvt Ltd Registration in Gurugram

Register a Private Limited Company in 7 days

For the register Pvt Ltd company formation in India, it typically takes 7-10 business days. Here are the core steps with detailed instructions and efficiency. 

Day 1- 2: Digital Identity and Name Approval

The initial step in the process of business registration in India is to secure a digital identity, which is essential in today’s digital age. It is also crucial to choose a unique name for your company, and it must not be already registered. The steps are:

• The directors who are registered must possess a Director Identification Number as well as a Digital Signature Certificate.

• Select a unique name for your business and ensure its availability on the MCA online portal

Day 3-4: Drafting MoA and AoA

Once your company registers digitally and receives the approval notification, the business is required to draft the foundational paperwork: 

• The Memorandum of Association (MoA) delineates the goals, activities, and the partnership between the company and external entities.

• With MoA, draft Articles of Association (AoA) highlight the rules and regulations of a company’s internal management. The regulations like directors’ power, the rights of shareholders, and profit share.

Day 5-6: Filing with the Registrar of Companies (RoC)

After securing the digital identity, the applicant gets ready for the next step, which is drafting foundational documents. Make an official submission to form a private limited company. 

• e-Form SPICe+: This form is advantageous as it consolidates multiple applications into one. From PAN, TAN, and professional tax to DIN and name reservation, all are contained in a single form.

• Attach Documents Verification: Must attach online the important documents like address proof, identity proof, and consent letters from directors and shareholders. Before submission, ensure that the MCA’s stringent requirements are met.

Day 7:  Certificate of Incorporation

The journey for the company registration in India ends with the issuance of the Certificate of Incorporation. 

• ROC issue COI: After the complete documents and application verification, the Certificate of Incorporation will be granted by the ROC. It acts as legal paperwork for a registered company.

• PAN and TAN issuance: Along with the Certificate of Incorporation, your company also receives the PAN and TAN. With these two certificates, there is no requirement for separate applications.

What steps must be followed after a Pvt Ltd Company Formation?

Completing the business registration in India in 7 days is not a one registration process. Establishing a business involves multiple steps apart from just a certificate. The post-incorporation process you need to follow is: 

Open a Bank Account: Proceed to open a business bank account with the PAN, TAN, and Incorporation Certificate. This step helps the organization to manage its business finances. 

GST Registration: According to your business’s annual turnover and the activities, obtain the GST (Goods and Services Tax) certificate. 

Other Licenses and Registrations: Certain organizations are required to have a valid license, like FSSAI for food business, drug certificate for pharmaceutical products, etc. 

Regulatory Compliance: A private limited company has a specific framework which is designed for registered business to provide benefits. The compliances of a Pvt Ltd company are with the Income Tax department, MCA, and other governing authorities. 

Also Read This: Pvt Ltd Registration Delhi

Final Thoughts

The company registration in India has become seamless with expert guidance and advanced technology. The Pvt Ltd company formation online has made a path for rapid incorporation. Eliminate the fear of the complex registration process with the right professional guidance. Establish your own private limited company within a specified timeframe. Seize this opportunity to start the company registration journey and apply the idea to the real world.

FAQ | Pvt Ltd Company Incorporation

1. How long does it take to form a private limited company?

Ans. The process for a private limited company formation completes in 7-10 business days.

2. Can I register a Private Limited company in India myself?

Ans. Indeed, individuals are permitted to register private limited company. This process can be accomplished via the Ministry of Corporate Affairs portal.

3. What is the company registration cost in India?

Ans. The cost for the private limited company registration depends on the state and the authority. For example, register pvt ltd company fees in Karnataka are 5,599, while in Madhya Pradesh, it is 12099. Check out the fee according to your state on the MCA online portal.

4. What is the minimum GST required to form a Private Limited company?

Ans. If a privately held company’s annual turnover is Rs 40 lakhs or above, it needs to obtain the GST certificate.

5. Is appointing a CA necessary?

Ans. Yes, the CA is responsible for managing the annual audits of a Pvt Ltd company incorporation.