Private Limited Company Registration in Mumbai
@ Rs. 6,800 All Inclusive
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Company registration in Mumbai I Company Formation in Mumbai
In Mumbai City , the biggest hub for startups due to its best ecosystem and talented individuals, private limited company formation is easy and quick to start. A private limited company is the most popular form of business structure in India, chosen by most startups. This preference is driven by factors such as limited liability, lower tax rates, and ease of raising funds.
A private limited company combines the advantages of a partnership firm with the benefits of a limited liability partnership, offering greater stability and a distinct legal entity. These companies can easily avail loans from various financial institutions, including banks. In Mumbai, our team of Chartered Accountants (CA) and Company Secretaries (CS) is dedicated to taking care of your company formation needs. Private company registration in Mumbai also makes you eligible to take advantage of registration under the Startup India Scheme of the Government of India. This scheme provides multiple benefits, including tax exemptions for recognized startups. Our firm has assisted numerous startups in structuring their businesses, saving on taxes, conducting audits, and more. To delve deeper into the process, fees, and required documents for private limited (Pvt Ltd) company registration in Mumbai , let's explore the eligibility criteria and the comprehensive services we offer.
Minimum Requirement for Private Limited Company Registration In Mumbai
- Members: Minimum 2 members are required
- Capital: The minimum capital required to start the Private Limited Company is 100,000
- DiN: For 2 members.
- DSC: Digital Signature Certificate will be required for all directors
- Address: Address proof like Rent agreement 1 Light Bill [or the registered address is required.
- Indian: Minimum of 1 Director must be resident of India
Benefits of Private Limited Company Registration in Mumbai
Flexibility in Share Transfer
In case of Private Limited Company it is easy to transfer interest of shares from one person to another but comparatively if we look into Proprietorship Firms and Partnership firms transferability of interest of business is difficult.
Owner of Property and Assets
As a company has its own individual identity and is different from its members, it can own various properties and assets in its own name.Be a shareholder in any other company. Even in certain cases a Body Corporate can be 99% shareholder in any Company.
Sue and can be sued
As the Company is completely a distinct identity in the eyes of law thus it has ability to sue and get sued like natural person. To sue means to initiate a legal proceeding against or to bring the proceeding in the court of law. Thus it has complete independent legal entity.
Limited Liability
The liability in case of Company is limited as compared to Partnership firms and Proprietorship firms, especially if we look at Proprietorship firms the liability of the Sole Proprietor is unlimited.
Easy Funds Raising
Private Limited Companies enjoys easy fund raising from various sources like issue of debentures or issue of various securities in form of shares, easily availability of loans from banks etc, but in case of Partnership or Proprietorship raising of funds is not so easy.
Documents Required for Company Registration in Mumbai
ID Proof (Directors details) & Address Proof
Passport / Voter ID / Driving License
Pan Card
last two Months Saving Bank Statement
Passport Size Photo
Light Bill
What We Offer in Private Limited
Company Registration in Mumbai
- Name Approval
- Certificate of Incorporation
- AOA & MOA
- PAN & TAN
- Digital Signature
- 2 DIN of Director
- GST
- Accounting Software
- ESIC
- PF Registration
Process for Private Limited Company Registration in Mumbai
Digital Signature
DSC for Directors is mandatory
DIN Application
Making online Application to opt for DIN i.e Directors Identification Number
Name Approval
Making Application for proposed name of the Company from Options given by directors
Incorporation through SPICE (Simplified Proforma for Incorporating Companies Electronically)
Making an application to MCA through newly launced online process i.e SPICE (Simplified Proforma for Incorporating Companies Electronically) whereby documents like Memorandum & Articles of Association of the Company is submitted online through forms INC-33 & INC-34 promoting paperless through go green concept simultaneously submitting all required documents and keeping follow up for Certificate of Incorporation and applying for PAN & TAN of the Company.
Start up a Company
Once Certificate of Incorporation is opted, the directors can commence its business
Send me all information about Private Limited Company registration in my mailbox
Government Fees
In Mumbai the Company registration vary based on factors such as company capital and the number of directors. There are two types of government fees involved: stamp duty and MCA filing fees. For a capital of Rs 1 lakh and 2 directors, the initial fee is Rs. 1300/-. The formation fees may differ from state to state. Specifically for reserving the company name, the government fee is Rs. 1000/-. Therefore, the total fees for the entire company formation process amount to approximately Rs. 2300/-. These government fees can be conveniently paid online through internet banking on the MCA site.
What Are next Registration
After Company Formation ?
- Bank A/c:Apply for Bank Account opening
- Shop Act:Apply for Shops and and establishment act license
- PT: Apply for Professional Tax Registration
- GST : Apply for GST Registration if applicable
Best CA or CS Services for Company Registration in Mumbai ?
A N Bhutada & Co is having team of Best CA & CS providing services for Company Registration in Mumbai. Right from consulting to company formation we ensure we cater all your queries and guide you in business formation. We also provide post company compliances of Auditor appointment , DIN KYC , GST Filing , Audit etc.
What are the compliances after
Private Limited Registration and cost ?
- Issue Share Certificate
- Deposit share capital in company account
- File INC 20A
- Conduct Annual General meeting
- Conduct statutory audit
- File Income Tax Return
- DIN KYC & ROC Filing