GMTrix ® Consultants Pvt Ltd - Online Company Registration in India

Private limited company is the most popular corporate entity in India. We offer private limited company registration from Rs. 9999.00/- all inclusive fee.

Name

Phone

Eligibility

To incorporate a private limited company a minimum of two persons are required over the age of 18 years with atleast one person being an Indian citizen and resident.

Compliance

GMTrix® offers a comprehensive private limited company accounting and compliance management solution starting at less than Rs. 18999.00/- per year.

Private Limited Company

According to Section 2(68), a ‘private company’ means a company -

Which has a minimum paid-up capital as may be prescribed, and
Which by its articles-
- (i) Restricts the right to transfer its shares (any restriction that enables maximum limit of 200 members, shall serve the purpose)
- (ii) Limits the number of its members to 200. This number does not include employees of the company and the ex-employees of the company who are still members of the company and Where two or more persons hold one or more share jointly in the company, they shall be counted as one member.
- (iii) Prohibits any invitation to the public to subscribe to its securities (i.e. shares, debentures, bonds etc.)

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

Why Private Companies are Preferred?

Limited liability, easy formation with two persons (or single person in case of One Person Company) liberal payment of managerial remuneration etc., are some of the privileges which favor formation of private limited companies.
Lesser disclosure requirements and ease in operation continue to be the dominating factors for carrying on of trade and industry through the medium of private limited companies.
Under the Companies Act, 2013, a private limited company is, however, prohibited from inviting the public to subscribe to its securities though they can be issued on private placement basis to a maximum of two hundred persons in a financial year.
A private company can also accept deposits from its members.
With the increase in maximum number of members to 200 in case of a private company, more financial resources can be tapped from the members itself. However, the restriction on transfer of shares continues.
While the private limited companies are restrained from inviting public deposits through an advertisement, a number of companies have managed to obtain deposits from the members, without making an advertisement.
The corporate personality of the private companies also enables them to enjoy the facility of institutional finance, and their being managed like a family concern does not stand in the way of their benefiting from the public sector institutions.

Company Registration Process

DSC
DIN
Name Approval
Incorporation

Digital Signature Certificate

1 Working Day

DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

Director Identification Number

1 Working Day

ODIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.

Name Approval

Upto 5 Working Days

Once we obtain the DIN and DSC of the directors, a list of minimum one or maximum 4 proposed names of the company in preferential order will be submitted to MCA for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business and end with the words 'Private Limited' in order to avoid the rejection. We get your company name approved subject to availability and naming guidelines.

Incorporation Documents

Upto 8 Working Days

After taking name approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. Simultaneously, we will apply for PAN and TAN of your company.

Choosing a Name

Acceptable Name for Company or LLP, as per Companies Act, 2013 and LLP Act, 2008. Procedure for checking name availability and formulating a unique name.

Nominee in One Person Company

One person company is a type of company introduced by the Companies Act, 2013 that has one person as a shareholder and director. During the incorporation of a one person company, the sole director & shareholder must propose a person as his/her nominee.

Incorporation Process

Process for company registration as announced by the MCA for the year 2018. The MCA has simplified the company incorporation process by introducing Reserve Unique Name (RUN) form for simplifying name approval process and reducing incorporation fee for private limited companies.

GST Registration

GST registration procedure, eligibility and documents required. Entities with an annual revenue of more than Rs.40 lakhs must obtain GST registration. Complete your GST registration online with expert help from GMTrix® and obtain your GSTIN in less than a week from the comfort of your home.

GST Return Filing

File GST return online through GMTrix® with GST Expert Support. You can prepare and file GSTR-1, GSTR-2, GSTR-3 and GSTR-4 return online through GMTrix®. In addition to filing GST returns, you can also issue GST invoices and record purchases on LEDGERS to automatically file GST returns.

Trademark Registration

Online trademark registration, trademark search, documentation and Expert help for TM filing. Easily submit your trademark application for just Rs.9999 in less than a day from the comfort of your home. GMTrix® provides a range of trademark services from trademark filing to objection handling.

Calendar of Obligations of a Private Company

Every company is required to start the financial year on 1st April and close on 31st March. Based on this following is the calendar of obligations of a Company under Companies Act 2013.

S.No	Date	Particulars
1.	31^st March	Close Books of Accounts
2.	30th June	Hold 1^st Board Meeting and record the proceeding of meeting in the Minutes Book.
3.	30^th September	Hold 2nd Board Meeting for financial year and record the proceedings of meeting in the Minutes Book.
4.	30^th September	Hold Annual General Meeting on or before 30^th Sept. during business hours (i.e. between 9 a.m. and 6 p.m.) either at registered office of the Company or other place within the city where registered office is situated. An Annual General Meeting must be held in each calendar year. The day of holding AGM should not be a National Holiday.
5.	30^th October	File a copy of Financial Statements consisting of Balance Sheet, Profit and Loss Account and cash flow statement within 30 days of Annual General Meeting.
6.	30^th October	If new Directors are appointed at Annual General Meeting, file particulars of appointment of Directors in Form No. DIR-12 within 30 days, with Registrar of Companies.
7.	30^th October	If shares are allotted to new members on 30^th Sept., file a Return of Allotment in Form No. PAS-3 by 30^th October. Form No. SH-7 shall also be filed with Registrar for increase in number of members.
8.	30^th November	File Annual Return in Form MGT-7 with Registrar of Compliances within 60 days from date of holding Annual General Meeting.
9.	30^th November	If charge is created on assets of the company on 31^st October, file Form No. CHG-1 with Registrar of Companies by 30^th November with instrument of charge.
10.	31^st December	Hold 3rd Board Meeting for Financial year and record the proceedings of meetings in the Minutes Book.
11.	31^st March	Hold 4^th Board Meeting for financial year by 31^st March and record the proceedings of meetings in the Minutes Book.

Calendar of Obligations of a Private Company for GST

S.No	Particulars	Date
1.	GSTR-1 Monthly	10^th of every month
2.	GSTR-1 Quarterly	31^st of (July, October, January and April)
3.	GSTR-3B	20^th of every month
4.	GSTR-9	31^st December

Calendar of Obligations of a Private Company for TDS and Income tax

S.No	Particulars	Date
1.	TDS Payment	7^th of every month
2.	TDS Return	31st for first three Quarters and for 4^th Quarter-31st May
3.	Advance Tax	On or before 15^th of (June, September, December and March)
4.	Income Tax Return	30^th September
5.	Income Tax Return (Transfer Pricing)	30^th November

Calendar of Obligations of a Private Company for RBI Compliances

S.No	Particulars	Date
1.	FLA Return	15^th July on yearly basis

A1 Block, 253A, Hastsal Road, Near Kumar Dairy,
Uttam Nagar, New Delhi - 110059
24/7 Client Support
info@gmtrixconsultants.com
011-46536636 / 9654595301

Private Limited Company

Eligibility

Compliance

Private Limited Company

According to Section 2(68), a ‘private company’ means a company -

Why Private Companies are Preferred?

Company Registration Process

Digital Signature Certificate

Director Identification Number

Name Approval

Incorporation Documents

Choosing a Name

Nominee in One Person Company

Incorporation Process

GST Registration

GST Return Filing

Trademark Registration

Calendar of Obligations of a Private Company

Calendar of Obligations of a Private Company for GST

Calendar of Obligations of a Private Company for TDS and Income tax

Calendar of Obligations of a Private Company for RBI Compliances

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