Private Limited Company Registration in Jaipur
For Private Limited Company Registration in Jaipur, minimum 2 directors are to be appointed whereas maximum of 15 directors can be appointed.
To register a Private Limited Company in Jaipur, no minimum paid up share capital is required. Further, the name of the the company must be unique which shall not resemble with any already registered company and the name shall end with pvt ltd.
Private Limited Company Registration in Jaipur can be done within 7 working days. B K Goyal & Co LLP Chartered Accountants are providing Private Limited Company Registration services all over India. We also provides all services of CA in Jaipur.
Process of Private Limited Company Registration in Jaipur is entirely online where all the documents are needed to emailed to [email protected] and all the communication is done through email with each and every step.
Government Fee for Private Limited Company Registration in Jaipur depends on the amount of authorised capital whereas the minimum Government fee is around Rs 1150
It is to be noted that a Private Limited Company Registration in Jaipur can be done with a Paid up capital of as low as Rs 2.
Definition of Private Limited Company as per Section 2(68) of The Companies Act 2013
“Private company” means a company having a minimum paid-up share capital [Omitted] as may be prescribed (No minimum capital is prescribed now in case of Private Limited Company, minimum paid-up share capital clause has been deleted), and which by its articles, —
(i) restricts the right to transfer its shares;
(ii) except in case of One Person Company, limits the number of its members to two hundred:
Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member:
Provided further that—
(A) persons who are in the employment of the company; and
(B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased, shall not be included in the number of members; and
(iii) prohibits any invitation to the public to subscribe for any securities of the company.
Benefits of Private Limited Company Registration in Jaipur
Separate Legal Entity
A Private Limited Company is basically artificial person having it own legal identity. A PAN Card will be issued in the name of the Company after Private Limited Company Registration in Jaipur.
Therefore, a Private Limited 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 Private Limited Company Registration in Jaipur, the Company can raise funds privately by issuing shares. A Private Limited 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 Private Limited 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
Private Limited Company Registration in Jaipur 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 Private Limited 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 one of the benefits enjoyed on Private Limited Company registration in Jaipur.
It does not mean that the company will always remain in existence and it cannot be closed or dissolved. It simply means that the company does not comes to end and the business does not close on the death of any of the director or shareholder of the company.
On death of directors, new directors can be appointed and on death of shareholders, the shares can be transferred to the nominee or legal heir of such shareholder
Documents Required for Private Limited Company Registration in Jaipur
PAN Card of all the Directors
Aadhar Card of all the Directors
Utility Bill of Registered Place of Business (Electricity, Water or Phone Bill)
Past 2 months bank statements of Director
Mobile number and Email ID of Directors
Passport size photographs of Directors
Birth Certificate of all the Directors
Last Education Degree/Marksheet (if any)
Consent Letter from the owner of the property
Property Owner Aadhar Card
Property Owner Mobile Number
Process of Private Limited Company Registration in Jaipur
Submission of required documents and our fee for Private Limited Company Registration in Jaipur
Name Approval and Identification of NIC Code
Digital Signatures of Directors
Preparation of Memorandum and Articles
Filing of Spice+ form For Private Limited Company Registration
Submission of Application for registration
Private Limited Company Registration in Jaipur Approval
Following are the detailed steps for Private Limited Company Registration in Jaipur which are needed to be followed
Step 1: Submission of required documents, details and our fee
The first step to submit all the required documents of minimum 2 Directors and maximum 15 Directors to our email ID [email protected] along with our fee which will be informed over email on receipt of the documents. Further, the desired name of the Company along with a small brief about the nature of activities has also to be sent along with the same email.Step 2: Name Approval and identification of NIC Code
The next step in Private Limited company registration in Jaipur is to make an application to the Registrar of Companies for name approval.
One can also proceed directly with the application of registration without getting the name approved.
Once the name approval application is made, it might take 2 working days for either its approval or resubmission, if the approval is granted then we can proceed further with the process but if the form comes for resubmission due to non-availability of the name, then a new name is to be requested for approval which might again take approximate 2 working days for approval.Step 3: Obtaining Digital Signatures of the proposed directors/promoters
The third step for company registration is to obtain digital signatures for all the proposed directors and promoters. This will be done from our end.Step 4: Filing of application using SPICe+
Once the name is approved and Digital Signatures are prepared the next step for company registration is to start with filing the application with SPICe+ form. In the form, all the required information along with documents are to be attached and provided.Step 4: Memorandum of Association, Article of Association and Agile
Once the SPICe+ is filled and relevant documents attached. Memorandum of Association, Article of Association and Agile form are to be prepared for Private Limited company registrationStep 5: Affixing of Digital Signatures
Once step 4 is complete, all the forms will then require to be downloaded for applying digital signatures of Directors and a Practicing CA in India for Private Limited company registration in Jaipur.Step 6: Form Upload and Registration for Private Limited Company Registration in Jaipur
After step 5, the form needs to be uploaded with MCA. Once the form is uploaded, Registrar of companies go through the forms and if everything is in order then a Certificate of Incorporation along with PAN and TAN of company is issued or else the form is sent for resubmission with detailed reasons, the same then will need to be resubmitted resolving the queries of the officer.
Some frequently asked questions related to Private Limited Company Registration in Jaipur
- How much time it will take for the entire process for my Private Limited Company Registration in Jaipur?
It will take approximately 7 working days to get the Private Limited Company registered in Jaipur from the date of submission of all the documents and the fee. The documents are needed to be submitted through email to [email protected] and the fee needs to be deposited through NEFT/IMPS or UPI. - How many minimum people I will need for Private Limited Company Registration in Jaipur?
As per section 3(1)(b) of the Companies Act, 2013, a Private Limited Company may be formed by two or more persons. Therefore, you will need minimum two people for Private Limited Company Registration in Jaipur, Rajasthan, India - Do I need to come physically to your office for Private Limited Company Registration in Jaipur?
No, you are not required to come physically to our office for Private Limited Company Registration in Jaipur. In case you do not want to come physically then the required Documents can be submitted through email ([email protected]) along with deposit of fee, once we receive the documents, we will start working on registration process. - Do I need to mandatorily complete the compliances, file returns, get auditor appointed, file commencement of business certificate for my Company in Jaipur?
Yes, once your Private Limited Company is registered in Jaipur, you will compulsory need to complete mandatory compliances under Companies Act as mentioned below. In case you do not get the compliances done yearly, quarterly and monthly basis as required under Companies Act, 2013 then huge penalties may be imposed by Government under Companies Act which may run into Millions of Rupees followed with criminal proceedings as well. The mandatory compliances are as follows: - 1- Auditor Appointment and Common seal adoption within 1 month
2- Obtain Commencement of Business Certificate
3- Board Meetings, Annual General Meeting, Notice and Resolutions
4- Registers, share certificates, Annual Returns, Accounting
5- Audits, Income Tax Returns, GST Returns, TDS Returns, ESI & PF
Note: The above list is not exclusive, many other compliances are also needed to be completed depending on the type of the company. Failure to do so will lead to huge penalties.
Once the Company is registered in Jaipur, we also provide the services of compliances as well
- I do not have any sales or purchase or bank transactions in my company, do I still need to get the above-mentioned compliances done mandatorily?
Yes, even if there are no earnings & profits still you will need to get the compliances done. Failure to do compliances will attract huge penalties in all cases - These compliances look huge and burdensome. Do I need to be scared or should I think twice before registering my company?
No, there is no need to be scared about the compliances that are needed to be done as these compliances are needed to be done on a yearly basis by a Practicing Chartered Accountancy Firm (CA Firm) for their yearly fee. So, once we are being engaged as auditor and for Company compliances, we take care of everything. It is to be noted that only a CA in Practice holding Certificate of Practice can be appointed as an auditor of the Company. - Will it really cost me huge to get these yearly compliances done?
The fee of Chartered Accountants will depend upon the amount of time that they will have to put in. The fee in case there are no sales and transactions are reasonable depending on the nature of business and time required. The fee gets increased with the level of activities in the company due to the increased compliance.
Further, the fee varies from CA Firm to CA Firm in accordance with their experience, expertise and quality of services offered.