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The company is a popular choice for start-ups & businesses with higher growth aspirations to start up business in India. The company Pvt Ltd is registered under the Companies Act of 2013 and is guided by the MCA.
The first step of the company incorporation is to determine the name of the company to be approved for MCA. Ideally, approval names should be unique and should be linked to the enterprise’s business activities.
The following step in the start-up registration process is to apply for a digital signature and a DPIN. A digital signature is an online signature used for signing e-forms, and DPIN is the Registrar’s Director’s identification number.
After the name has been approved, the Memorandum of Association and Articles of Association, which contain the company’s rules and rules and regulations that govern its activity, must be prepared. And both MOA and the AOA are submitted to the MCA along with the subscription statement for authentication and approval.
Fill out the application forms entirely, attach the required documents, get them verified by a professional, then file the form with the ROC and pay the fee.
The incorporation certificate is issued by the registrar after all of the paperwork is completed and deposited with the government. The certificate of incorporation contains important details about the business, such as the CIN number, the company’s name, and the date of incorporation.
After receiving the incorporation certificate, you can send a copy of the certificate, as well as the MOA, AOA, and PAN, along with the bank’s account opening form, to open your bank account.
At a first quick look, if we see that Private Limited Company’s registration costs/fees seem to be very high. A lot of changing market enthusiasts do not want to start a private company even though they feel that there would be very massive costs and expenses for registration and operation of the Private Limited Company.
Nominal share capital | Registration fees |
Limited to Rs 10,00,000 | 2,000 |
Rs 10,00,000 to Rs 50,00,000 | Rs 2000. Rs.200 will be added for every increase of Rs. 10,000 of nominal share capital. |
Rs 50,00,000 to Rs one crore | Rs 1,56,000. Rs.100 will be added for every increase of Rs. 10,000 of nominal share capital. |
More than Rs one crore | Rs 2,06,000. Rs.75 will be added for every increase of Rs. 10,000 of nominal share capital subject to a maximum of Rs. 250 crore. |
Nominal share capital | Registration fees |
limited to Rs. 1,00,000 | Rs 5,000 |
Rs. 1,00,000 to Rs. 5,00,000 | Rs. 5,000. Rs. 400 will be added for every increase of Rs. 10,000 of nominal share capital. |
Rs. 5,00,000 to Rs. 50,00,000 | Rs 21,000. Rs. 300 will be added for every increase of Rs. 10,000 of nominal share capital. |
Rs. 50,00,000 to Rs. one crore | Rs 2,06,000. Rs. 100 will be added for every increase of Rs. 10,000 of nominal share capital. |
More than Rs one crore | Rs 2,06,000. Rs. 75 will be added for every increase of Rs. 10,000 of nominal share capital subject to a maximum of Rs. 250 crores. |
Members | Registration fees |
Limited to 20 members declared in MOA | Rs 2,000 |
20 to 200 members declared in MOA | Rs 5,000 |
Exceeds 200 members declared in MOA on the condition that the number of members stated in the AOA isn’t unlimited | Rs 5,000. Extra Rs 10 will be added for every member increase after the first 200, subject to a maximum of Rs 10,000. |
Companies with Share Capital recording fees for submitting the documents with ROC are as follows: –
Nominal share capital | Recording fees |
limited to Rs 1,00,000 | Rs 200 |
Rs 1,00,000 to Rs 5,00,000 | Rs 300 |
Rs 5,00,000 to Rs 25,00,000 | Rs 400 |
Rs 25,00,000 to Rs 1,00,00,000 | Rs 500 |
More than Rs 1,00,00,000 | Rs 600 |
The registration fee for companies without share capital is fixed at Rs 200.
Authorized share capital | Application fees |
limited to Rs 25,00,000 | Rs 1,000 in the case of OPC’s and Small Companies, and Rs 2000 in the case of other companies. |
Rs 25,00,000 to Rs 50,00,000 | Rs 2500 in the case of OPC’s and Small Companies, and Rs 5,000 in the case of other companies. |
Rs 50,00,000 to Rs 10,00,00,000 | No fee for OPC’s and Small Companies, and Rs 5,000 in case of other companies. |
More than Rs 10,00,00,000 | No fee for OPC’s and Small companies, and Rs 20,000 for other companies |
Company Limited by Guarantee but without a Share Capital
| OPC’s and Small Companies will not be charged any fee, and other companies will be levied with a fee of Rs 2,000.
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Professional fees for each of the above-mentioned compliance requirements would be as per the consultancy firm fee structure.
The registration of a private limited company is one thing and the successful management of the company is the other altogether. The cost of registration for Private limited is one time, but after registration, there are a lot of compliances that would add to the fee/cost of Private Limited. The company’s registration in India.
Ministry of Corporate Affairs has increased paid-up share capital and turnover limit to qualify as a Small Company as defined U/s 2(85) of the Companies Act, 2013. Now,
About www.carajput.com : Rajput Jain and Associates, Chartered Accountants Firm is an inspired & progressive company run by like-minded persons. It helps a wide range of small, medium, and large enterprises to comply with all the prerequisites of the Indian Laws. Please contact us for a free discussion at singh@carajput.com or call 9555-555-480
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