Private Limited Company Registration in 2024
In FY24, India witnessed a remarkable surge in company registrations, with a 16.3% increase in companies and a staggering 62.7% rise in limited liability partnerships (LLPs) compared to the previous year. Data from the Ministry of Corporate Affairs (MCA) revealed this positive trend, underscoring growing optimism about India’s long-term growth prospects despite external challenges. The MCA disclosed that a record-breaking 1,85,314 companies were incorporated in FY24, up from 1,59,339 in the preceding year. Similarly, LLP registrations soared to an unprecedented 58,990, a significant jump from 36,249 in the previous fiscal period. This surge in registrations is attributed to growing aspirations of new India, awareness and hardwork of the citizens of new India.
For company registration, minimum 2 people are required. It takes approx 7 working days to get the company registered and issuance of PAN Card, Tan Card, Certificate of Incorporation, MOA and AOA of the company. Once the same is complete, bank account can be opened as a next step with any of the bank by presenting the above documents within 3 working days.
The fee for company registration depends on many factors, the same may vary from Rs 3000 to Rs 20000 depending on the requirement of the entrepreneur and the need of the business. The same can be enquired through a simple call to number 9971782649 or through an email to support@cabkgoyal.com
Private limited company registration is one of the best form of business. The biggest advantage of the private limited company is that one can raise capital in the form of equity, expand the business by converting it to public company later on to raise IPO and further it brings creadibility in the eyes of stakeholders.
Everything about Private Limited Company Registration
| Minimum people required to register private limited company | 2 |
| Documents Required for Private Limited Company Registration | • PAN Card of 2 proposed directors |
| • Aadhar Card/DL/Voter ID/Passport (Any one of these) of 2 proposed directors | |
| • Passport Size Photo of 2 proposed directors | |
| • Latest 2 months Bank Statement/Electricity Bill/ Phone bill (any one of these ) in the name of proposed Directors | |
| • Latest Electricity Bill/Phone Bill/Water Bill (Any one) for a registered place in India | |
| Time taken for private limited company registration | 7 days |
| Documents to be received on Private Limited Company Registration | • PAN Card of the Company |
| • TAN Card of the company | |
| • Company Incorporation certificate from Registrar of Companies | |
| • Memorandum of association of the company | |
| • Artilce of association of the company | |
| • 2 Digital Signatures of the directors | |
| • 2 Director Identification Number | |
| • GST Registration Certificate | |
| • Startup India Registration Certificate | |
| • Company Master Data | |
| Process of Private Limited Company Registration | • Submission of the required documents to our email support@cabkgoyal.com |
| • Documents verification by our office | |
| • Application for digital signatures by our office of both the directors | |
| • Company name analysis for its approval by our office | |
| • Drafting of Memorandum of Association and Article of Association by our office | |
| • Filing of application with all the documents by our office to Registrar of Companies | |
| • Company Registration approval and distribution of documents by our office |
Process of Private Limited Company Registration in India
Step 1: Submission of the documents and Details
The proposed directors need to submit all the relevant documents & details as mentioned in the article above to our email support@cabkgoyal.com or on our whatsapp number +91-9971782649 for company registration in India.
Step 2: Scrutiny of all the documents
Next step for company registration is verification and scrutiny. If there is a missing document or detail then the directors are informed to submit the same. Further in this step, a No Objection Certificate (NOC) is drafted, which would be needed to be signed by the owner of the property of registered place of business. Furthermore, an engagement letter would also be prepared at this stage containing terms and conditions to be signed by the proposed directors towards company registration in India.
Step 3: Application for digital signatures
In this step of company registration in india, we apply for digital signatures of the proposed directors. Directors will receive otp on their email and mobile for verification. Furthermore, directors will receive a link on their email to upload a video kyc of directors for digital signature.
Step 4: Company Name Check
The company name is checked for its availability with ministry of corporate affairs (mca) for company registration.
Step 5: Filing of Applications for Registration with Ministry of Corporate Affairs:
Application forms such as SPICE+ Part A, Part B, MOA, AOA, Agile and INC 9 for Private Limited Company Registration are filed with mca for its approval in this step.
Step 6: Company Registration Approval and Distribution of Company Document:
Once the company registration is approved by the ministry of corporate affairs, all the company registration documents such as Company Registration Certificate, PAN Card of Company, TAN Card of Company, MOA and AOA will be distributed to the directors. Further, we will also now proceed for GST Registration and MSME Registration which will take another approx. 3 working days.
Analysis of company registration in India for the financial year 2022-23
India, known for its diverse economy, has witnessed a surge in company registrations in recent years and has become startup hub of the world. This growth story is fueled by various government schemes, ease of doing business and proliferation of sustainable startup eco system.
In 2022-23, a whopping 158000 companies were incorporated in India, with an authorized capital of ₹ 28400 crores (₹ 284 billion) – the maximum capital a company can raise. While the actual initial investment, represented by the paid-up capital, stood at ₹ 7400 crores (₹ 74 billion). This translates to an average authorized capital of ₹ 18 Lakhs (₹ 1.8 million) and an average paid-up capital of ₹ 4.6 lakhs (₹.46 million).
State wise numbers of company registration in india in the year 2022-23
| Company registration in FY 2022-23 | Number of Company registrations |
| Company Registration in Maharashtra | 29083 |
| Company Registration in Uttar Pradesh | 17296 |
| Company Registration in Delhi | 15575 |
| Company Registration in Karnataka | 12100 |
| Company Registration in Tamil Nadu | 10565 |
| Company Registration in Telangana | 10228 |
| Company Registration in Gujarat | 8918 |
| Company Registration in West Bengal | 7967 |
| Company Registration in Haryana | 7551 |
| Company Registration in Rajasthan | 6018 |
| Company Registration in Kerala | 5755 |
| Company Registration in Bihar | 5031 |
| Company Registration in Madhya Pradesh | 4752 |
| Company Registration in Andhra Pradesh | 2981 |
| Company Registration in Orissa | 2579 |
| Company Registration in Punjab | 2418 |
| Company Registration in Jharkhand | 1752 |
| Company Registration in Assam | 1553 |
| Company Registration in Uttarakhand | 1439 |
| Company Registration in Chattisgarh | 1181 |
| Company Registration in Jammu & Kashmir | 1012 |
| Company Registration in Himachal Pradesh | 639 |
| Company Registration in Goa | 582 |
| Company Registration in Chandigarh | 569 |
| Company Registration in Odisha | 237 |
| #N/A | 234 |
| Company Registration in Manipur | 233 |
| Company Registration in Pondicherry | 172 |
| Company Registration in Tripura | 113 |
| Company Registration in Arunachal Pradesh | 85 |
| Company Registration in Meghalaya | 79 |
| Company Registration in Nagaland | 69 |
| Company Registration in Andaman & Nicobar | 60 |
| Company Registration in Mizoram | 46 |
| Company Registration in Dadra & Nagar Haveli | 34 |
| Company Registration in Daman and Diu | 24 |
| Company Registration in Puducherry | 14 |
| Company Registration in Ladakh | 12 |
| Company Registration in Andaman and Nicobar Islands | 3 |
| Company Registration in Lakshadweep | 3 |
| Total Company registration in India | 158962 |
Comparison and Differences between different kinds of Company Registration in India
Here’s a comparison table of different types of business structures in India along with their respective purposes:
| Business Structure | Ownership & Liability | Registration Requirements | Minimum Capital Requirement | Number of Owners | Purpose |
|---|---|---|---|---|---|
| Private Limited Company Registration | Separate Legal Entity | Compulsory Registration | None | 2 to 200 | Private limited company registration in India is Ideal for businesses seeking limited liability, perpetual existence, and opportunities for external funding. |
| Partnership Firm registration | Shared & Unlimited | Optional Registration | None | 2 to 20 | Suited for small businesses with multiple owners who want shared management and pass-through taxation benefits. |
| Proprietorship Firm registration |
Sole Proprietor | Optional Registration | None | Sole Proprietor | Perfect for single owners who want simplicity, control, and minimal compliance requirements. |
| One Person Company (OPC) registration | Single Shareholder | Compulsory Registration | None | 1 | Designed for sole proprietors looking for limited liability while retaining full ownership control. |
| LLP (Limited Liability Partnership) registration | Shared & Limited | Compulsory Registration | None | 2 or more | Ideal for professionals and small businesses seeking limited liability with the flexibility of a partnership structure. |
| Producer Company registration | Shared & Limited | Compulsory Registration | INR 10 Lakhs (Paid-up Capital) | 5 to 15 | Geared towards promoting the interests of farmers and agricultural activities while providing shared benefits. |
| NBFC (Non-Banking Financial Company) registration | Variable | Compulsory Registration | Varies | Varies | Established to provide financial services and operate in the non-banking sector, catering to specific financial needs. |
| Nidhi Company registration | Shared & Limited | Compulsory Registration | INR 5 Lakhs (Paid-up Capital) | 7 or more | Created to encourage savings and lending activities among members within a specific group or community. |
Each type of business structure serves a distinct purpose, catering to the needs and objectives of entrepreneurs and businesses in India. The choice of structure depends on factors such as liability, ownership, capital, and the nature of the business activities.
Advantages of Private Limited Company Registration in India
Separate Legal Entity
A Company registered in Jaipur is basically an artificial person having it own legal identity. A PAN Card will be issued in the name of the Company. Therefore, a Company enjoys a Separate Legal Entity meaning It can purchase any asset it its own name, it can file legal cases against others and others as well can file legal case against the Private Limited Company.
Therefore, the directors and private limited company are two separate persons in the eyes of law.
Raising Funds
After Online Company Registration, the Company can raise funds privately by issuing shares. A Company can issue shares to upto 200 people and raise funds from them by giving stake in the Company. The funds so raised is not in the form of loan but capital. The concept of raising funds through equity has allowed startups and news business to build their business without any loan liability on their head.
Startup India Recognition
A Company after incorporation may apply to the Government for Startup India Recognition which results in many benefits for the Company such as market reach, fundings, tax holidays and many more.
Credibility
Company Registration online is granted by Ministry of Corporate Affairs – after verification of all the documents of the directors, verification of existence of the company address and other documents. Further, a Practicing CA and CA Firm Certifies all the documents that they has gone through all the documents and details of the directors & Company which are in accordance with the provisions of the Companies Act, 2013.
Once the verification is completed, Certificate of Incorporation, PAN Card and TAN Card are allotted to the Company by MCA.
Since all the documents and details are first certified by a Chartered Accountant and then verified by MCA hence it brings credibility to the Companies Profile and existence.
Scalability
Scalability is one of the biggest advantage of a Company as it can issue shares, raise funds, fight cases in its own name, enter into contacts in its own name, go to IPO and become a listed company on NSE or BSE by converting itself to a Public Limited Company.
Perpetual Succession
Perpetual succession is a concept that refers to the continuous existence of a company, irrespective of the changes that may occur in the management or ownership of the company. In other words, the company continues to exist even if its founders or directors die or retire, or if there are changes in ownership through share transfers
Compliance list after Private Limited Company Registration
The following are some of the compliances to be completed on regular basis after the company registration in India.
- First Auditor Appointment
- Commencement of Business Certificate
- Board Meetings
- Director DIN KYC
- Books of Accounts and Financial Statements
- Preparing Directors Report as per Section 134
- Statutory Audit of the company from a Practicing CA/CA Firm
- Audit Report from Practicing CA
- MCA Annual Filings with CA Certification
- Income Tax Filings
Some frequently asked questions
How much time it will take for Private Limited Company Registration in India ?
For Private limited Company registration process in India, It takes approx 2 working days to prepare DSC of directors, MOA, AOA, Spice+ Forms, Agile Form, INC 9 Form, CA Certifications and complete the entire documentation. Application is then filed with MCA containing all the forms for MCA approval with deposit of MCA fee for registering a company with Jaipur ROC. MCA then takes approx 3-4 working days for the approval and issue of Certificate of Incorporation, PAN Card, TAN Card, ESIC Certificate. Therefore, in total it takes approx 7 working days for approval of Private Limited Company Registration in Jaipur.
Do I need to come physically to your office for company registration ?
No, you are not required to come physically to our office for Online Company Registration. The required Documents can be emailed to support@cabkgoyal.com or the same can be sent on our whatsapp number 9971782649, once we receive the documents, we will start working on registration process.
What all documents will I receive on registration of my company ?
You will receive the following documents on your Private Limited Company Registration in India:
- Digital Signatures of Directors
- Director Identification Number of Directors
- Name Approval Certificate from Ministry of Corporate Affairs
- Memorandum of Association
- Article of Association
- Certificate of Incorporation
- PAN Card
- TAN Card
- GST Registration Certificate
- MSME Registration Certificate
- CIN Number and ESIC Certificate
Do I need to go to the Registrar of Companies to register a Company in India ?
No, you don’t need to go physically to the office of the registrar of companies (ROC) to get the company registered in India. Application for Company registration in India and its approval is processed by central registration center (CRC) Manesar.
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