Private Limited Company
India's most trusted business structure
Incorporate your Private Limited Company with MCA — includes 2 DINs, 2 DSCs, name approval, MOA/AOA drafting, PAN, TAN and bank-account support.
What's included
- Name approval (RUN)
- 2 DSCs + 2 DINs included
- MOA & AOA drafting
- Certificate of Incorporation
- PAN, TAN & bank account support
Understanding Private Limited Company
A private limited company is the structure most founders, investors and lenders trust. Incorporated under the Companies Act 2013, it gives your business a separate legal identity — the company owns its assets, signs its contracts and carries its debts, while your personal liability is limited to the capital you agree to put in. You need a minimum of two directors and two shareholders (the same people can be both), and there is no minimum paid-up capital requirement, so you can start with as little as ₹10,000.
Incorporation today happens entirely online through the MCA's SPICe+ form. Part A reserves your company name (you can also reserve it separately through the RUN service), while Part B bundles incorporation, DIN allotment for up to three directors, PAN, TAN, EPFO, ESIC, professional tax (in some states) and even a bank account application into a single filing. Your charter documents — the Memorandum of Association (MOA) defining what the company can do, and the Articles of Association (AOA) setting its internal rules — are filed electronically alongside.
Our ₹7,999 package covers two Digital Signature Certificates (DSC), two DINs, name approval, drafting of your MOA and AOA, the complete SPICe+ filing, and PAN and TAN allotment. Most incorporations complete in 7 to 10 working days, subject to name availability and how quickly you can share documents. Once the Certificate of Incorporation arrives, we also brief you on the immediate post-incorporation compliances so nothing catches you off guard.
Who needs this?
Startups planning to raise funding
Angel investors, VC funds and accelerators almost always require a private limited structure because equity shares, ESOPs and convertible instruments only work cleanly inside a company.
Founders who want limited liability
If the business borrows or takes commercial risk, a company keeps that risk off your personal assets — your exposure is capped at your unpaid share capital.
Businesses selling to corporates or government
Large customers and tender processes often insist on dealing with a registered company because of its audited accounts and public filing record on the MCA portal.
Teams of two or more co-founders
Shareholding gives each founder a precise, transferable stake, and the AOA can encode vesting, transfer restrictions and decision rights that a handshake cannot.
Businesses hiring key talent with ESOPs
Only a company can issue employee stock options, which are now a standard part of startup compensation in India.
When this is NOT the right fit
| Your situation | What applies instead |
|---|---|
| ✕You are a solo founder with no second person available | A private limited company needs at least two shareholders and two directors. If you are genuinely alone, consider an OPC instead — it can later convert to a private limited company. |
| ✕You expect more than 200 shareholders | The Companies Act 2013 caps a private company at 200 members. Beyond that you must become a public limited company, which carries far heavier compliance. |
| ✕None of your proposed directors is resident in India | Section 149(3) requires at least one director who has stayed in India for 182 days or more during the financial year. |
| ✕You want zero annual compliance cost | A company must file AOC-4 and MGT-7A every year and appoint an auditor even with nil turnover. If the venture is small and exploratory, a proprietorship or partnership is cheaper to maintain. |
Not sure which applies to you? Message us — we'll point you to the right service in minutes, free.
Documents you'll need — and why
PAN card of all directors and shareholders
PAN is the primary identity proof for DIN allotment and is cross-verified by the MCA with the income tax database.
Aadhaar card of all directors
Used for e-KYC while issuing the Digital Signature Certificates that sign every incorporation form.
Passport-size photograph of each director
Uploaded with SPICe+ and embedded in the DSC application records.
Address proof of directors (bank statement, electricity bill or mobile bill, not older than 2 months)
The MCA requires current residential proof for every director and subscriber to establish their bona fides.
Registered office proof (electricity bill or property tax receipt, not older than 2 months)
Every company must declare a registered office where statutory notices can be served; this document evidences the premises exist.
No-objection certificate and rent agreement from the premises owner
If the office is rented or owned by someone else (including a founder personally), the owner must consent to its use as the registered office.
Proposed company names with business activity description
Needed for the SPICe+ Part A name check against existing companies, LLPs and trademarks so your first choice is not rejected.
Shareholding pattern and authorised capital decision
Determines the capital clause of the MOA and the stamp duty payable, and fixes each founder's ownership from day one.
How it works, step by step
- 1
Document collection and DSC issuance
1-2 working daysWe collect KYC documents, complete video verification and issue Class 3 Digital Signature Certificates for both directors.
- 2
Name reservation via SPICe+ Part A
2-3 working daysWe run availability and trademark checks, then file up to two proposed names with the CRC. Approved names are reserved for 20 days.
- 3
Drafting MOA, AOA and incorporation papers
1-2 working daysWe draft the e-MOA (INC-33), e-AOA (INC-34), subscriber sheets and director declarations (DIR-2, INC-9) tailored to your business objects.
- 4
Filing SPICe+ Part B with AGILE-PRO-S
1 working dayThe complete incorporation set is filed with the Registrar along with applications for PAN, TAN, EPFO, ESIC and bank account.
- 5
Certificate of Incorporation and handover
2-4 working daysThe ROC issues the Certificate of Incorporation with CIN, PAN and TAN. We hand over all documents and a post-incorporation compliance calendar.
Due dates to know
Commencement of business (Form INC-20A)
Within 180 days of incorporation
Can be filed only after shareholders deposit their subscription money into the company bank account.
First auditor appointment
Within 30 days of incorporation
Appointed by the board; if the board fails, shareholders must appoint within 90 days in an EGM.
DIR-3 KYC for every director
30 September every year
Applies to anyone holding a DIN as on 31 March, even if the company is dormant.
AOC-4 (financial statements)
Within 30 days of the AGM
The first AGM itself is due within 9 months of the end of the first financial year.
MGT-7A (annual return for small companies)
Within 60 days of the AGM
What non-compliance costs
Not filing INC-20A within 180 days
Penalty of ₹50,000 on the company and ₹1,000 per day (up to ₹1,00,000) on every defaulting officer; the ROC can also strike the company off.
Director misses DIR-3 KYC by 30 September
The DIN is deactivated and reactivation costs a flat ₹5,000 fee.
Late filing of AOC-4 or MGT-7A
Additional fee of ₹100 per day per form with no upper cap, plus possible adjudication penalties on the company and officers.
Running the business without a registered office
Penalty of ₹1,000 per day up to ₹1,00,000 under Section 12, and returned ROC letters can trigger strike-off action.
Why doing this right pays off
Limited liability protection
Your personal savings, home and other assets stay insulated from business debts and lawsuits — liability is limited to unpaid capital.
Investor-ready structure
Equity shares, preference shares, ESOPs and convertible notes all work natively, which is why funded startups are almost always private limited companies.
Perpetual succession
The company survives changes in shareholders or directors, so death or exit of a founder does not dissolve the business.
Credibility with banks and customers
A CIN, audited financials and a public MCA record make it easier to open current accounts, get loans and win corporate contracts.
Clean ownership and easy transfer
Shares define ownership precisely and can be transferred or diluted in a controlled way under the AOA.
Common DIY mistakes we see
- Choosing a name too close to an existing company or registered trademark, leading to rejection and lost weeks — always run a trademark search before filing SPICe+ Part A.
- Setting authorised capital far higher than needed and paying avoidable stamp duty, or too low and needing a capital increase within months.
- Forgetting to deposit subscription money and file INC-20A, which blocks the company from starting business or borrowing at all.
- Copying generic MOA objects that do not cover the actual business, causing problems later with banks, GST registration and investors.
- Ignoring the first-year compliance calendar — auditor appointment, AGM, AOC-4 and MGT-7A apply even if the company earned nothing.
Frequently asked questions
Yes. Spouses, parents and siblings can freely act as the two directors and two shareholders. Many companies start exactly this way, with equity later restructured when co-founders or investors join. Each person still needs their own PAN, Aadhaar, DSC and DIN.
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