Introduction
When it comes to setting up a private limited company (Pvt Ltd) in India, there are several things that you need to do. You need to register your business with the government and then file for various licenses, such as getting an AOC number and so on. This process can be quite daunting at first but once you’re through it all has been pretty easy so far! So how much does it cost to register a Pvt Ltd company? Let’s find out!
What is a Pvt Ltd Company?
A private limited company is a company that has been incorporated under the provisions of the Companies Act, 2013. It is a private company, which means that it is owned by individuals and not by the government. The main purpose of starting up such an organization is to enable shareholders to make profits through investment in capital, which may be used for their own benefit or shared among them as dividends or capital gains (in case of sale).
There are different types of business structure available for setting up your new venture:
- Pvt Ltd – This type of entity can be set up as either an Indian corporation or foreign subsidiary corporation depending on whether you want your company to operate in India or outside it; otherwise they have similar features like all other forms except one—they don’t need any approval from state authorities before opening bank account etc..
Requirements for incorporating a pvt ltd company
The following information is required to incorporate a company:
- Name of the company. This must be a name that is not already registered in any other jurisdiction, and should not be offensive or misleading. If you’re planning on using an existing name, make sure it’s available for use. You can check if there are any similar names by looking at the Trade Marks Registry website or by searching Google for your keywords and then seeing what comes up when you search again with “Company Name” as one of your search terms (for example: “Company Name”). If there are no results found for this term, then it might be time to consider changing your chosen name!
- Address where business will be conducted from – This can either be physical address/logo/squarespace page link/email account etc., whichever option works best for you guys (if possible). We recommend keeping this info updated all throughout incorporation process because once incorporated; anyone could send mail addressed here via UPSCUS system which may result in loss of business due to miscommunication between parties involved(sender & receiver).
Company name request stage
- Company name request stage is a mandatory process.
- The company name request stage is free of cost and done online.
- It takes around 1 week to complete the company name request process and it requires documents like PAN card, photo, address proof etc., along with other details such as your bank details (if you want monies deposited into your account), passport number or driver’s license number for government officials to verify your identity at registration time.
Incorporation stage
Incorporation stage
This is the most important stage in the process of registering a company. It includes many steps, including:
- Formation of the Articles of Association (AOA) by submitting an application form with all required documents. You will also have to pay a fee for this document. The AOA will state which members and managers you need, as well as how many shares each shareholder can own. Then it’s time for incorporation procedures!
- Documenting all information on paper – this includes personal details such as name and address; type of entity (Private Limited Company or Public Limited Company), etcetera…
Cost of company registration in India
For a private limited company (Pvt Ltd), the cost of registration is around Rs. 12,000 to Rs. 33,000/-. You will also have to pay an annual compliance fee of Rs 5,000/- after your registration has been done by your Registrar office.
Let’s break it down: Costs while setting up a Pvt ltd company
- Cost of company registration in India
- Cost of company incorporation
- Cost of company name request
- Cost of compliance charges, if any
- Registering a Pvt Ltd Company is free for the first year. After that it costs Rs 1000 per annum for each year thereafter. For example: If you have started your business on January 1st 2019 and want to register with us now (which would mean that you have been working as an independent entity since January 1st 2019) then your registration fee will be Rs 10,000 (Rs 10K) plus GST applicable on all services provided by us. We also charge additional charges for every new employee hired into your organization so there are chances that these could vary depending upon how many employees you have at present time etc..
It costs around Rs. 12,000 to 33,000/- to register an Indian Pvt Ltd company. You need to pay another Rs. 5,000/- as compliance charges after registration.
It costs around Rs. 12,000 to 33,000/- to register an Indian Pvt Ltd company. You need to pay another Rs. 5,000/- as compliance charges after registration.
The cost of setting up a pvt ltd is higher than that of a private limited one because you have more obligations and responsibilities on your shoulders as an officer or director in the company’s affairs with respect to its financial health and compliance with government rules/regulations etc., which makes it difficult for you not only in terms of time but also money spent on this part too.
Conclusion
To sum up, this is the cost of registering a Pvt Ltd company in India. There are more than 100 steps involved in setting up the company and each step has its own costs. The first step is to register your name and address with the government, which will cost around Rs. 13,000/-. Then you need to file an application before registering yourself as an agent / partner with the Registrar of Companies (RoC). This can be done by paying Rs. 5,000/- to get an acknowledgment letter confirming that your application was received at RoC’s office at BHEL square or online through its website www.rociindia.gov.in
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