GST For Private Limited Company

  • Registration Under
    Goods and Services Act, 2017
  • Time required
    9 Working Days
  • Documents Required
    1. Company's Pan Card
    2. Pan Card of each Director
    3. Aadhar Card of each Director
    4. Photos of each Director
    5. Incorporation certificate
  • Documents Required
    6. Company's Latest Bank Statement
    7. Rental Agreement / Property Tax
    Paid Receipt for the place of business
    8. Electricity bill
    9. Memorandum of Association(MOA) or
    Articles of Association(AOA)
  • Fees
    Rs. 3,999

GST For Private limited company

Private limited company is the most popular form of business entity. To incorporate a private limited company minimum number of two shareholders and two directors are required maximum upto 200 shareholders and 50 directors are allowed. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity.

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Advantages Of Private Limited Company

Separate Legal Entity

A private limited company has its own legal identity. So third parties contract with the ‘company’ and not the individual directors and shareholders. It means there is a continuity of business even if any of the shareholders die

Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited. This means any loss or debts which is purely of business nature will not impact, personal savings or wealth of an entrepreneur.

Borrowing Capacity

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

Tax Benefit

Private limited companies enjoy tax advantages in addition to limited liability. These companies pay corporation tax on their taxable profits and tend to be exempt from higher personal income tax rates. Forming a company instead of continuing as a sole trader or sole proprietor opens the door to more tax-deductible costs and allowances redeemable against profit.

GST Private Limited Company Registration Procedure

There are various prescribed Rules and regulation for Formation and incorporation of public limited company in India under the new Companies Act, 2013. If you prompt with your all Documents, Thestartpoint can help you in Incorporation of private Limited Company in 25 to 30 working days, subject to Legal Processing period.

  • Any one of the Director needs to apply for Digital Signature Certificate while submitting address proof and identity proof with self attested of the Director. You need to provide the required documents and details; our expert will fill the form Online. This process will take 5 working days.

  • All the directors need to apply for the Director Identification Number. You need to provide all the required documents and details; our expert will fill the form Online. This process will take 5 working days.

  • As soon as we apply for the DSC, we will ask you for the unique name you wish to give to your Company, as well as some scanned documents regarding the proposed Company and its directors. These will be used to file INC-29 and the Memorandum of Association (MOA) and Articles of Association. At the stage, you will also need to pay Government fees for form filing and stamp duty. The Incorporation Certificate will be approved at the end of this process.

  • Every Public Limited Company needs a registered Permanent Account Number (PAN) and Tax Account Number (TAN). We will make the application online ourselves; you need to provide the all required Documents. The PAN and TAN will be couriered to your registered office address in 21 working days.

Frequently Asked Questions about Private Limited Company

Any individual can become a Shareholder in a Private Limited Company. For becoming a Director in a company, no professional or educational qualification is required.
It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. As it makes easier for companies to get loans at favorable terms from banks or convincing potential clients while entering into deals.
Yes, A company can change its Registered Office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.
Yes, A Private Limited Company can be set up following the provisions of Companies Act, 1956.
Maximun number of Shareholders in a Private Limited Company is 50.
Yes. Private Limited Companies have been a popular form of business entity amid Foreign Investors for making Direct Foreign Investment (subject to FDI Guidelines) in any country, by means of a wholly-owned subsidiary, a joint venture, etc.
Yes, Representatives of these companies may be appointed as Directors in Indian Company, one of them should be Indian Resident.
There is no need to apply and obtain DIN for Directors of a Foreign Company. However, it is mandatory to register the DSC of the authorized representative of the foreign company via associate DSC service available at MCA portal.
No, it must be situated in India Only.
No, as per Indian laws a Company must have a Lawful object at the time of Incorporation.