About This Plan
Get your private limited company incorporated at the lowest price with compliance to regulatory requirements of Ministry of Corporate Affairs
Services Covered
- Name approval in RUN (Reserve your unique Name)
- DSC (2 nos)
- Filing of SPICe+ form
- Issue of Incorporation Certificate along with PAN, TAN, and GSTN
- Includes Govt Fees & Stamp duty for Authorized Capital up to Rs. 1 Lakh.
- HDFC & KOTAK Bank – Account Opening Offer
Who Should Buy
- Businesses looking to expand or scale operations
- Startups looking to raise capital and issue ESOPs
- Businesses looking to convert their existing firm structure into a private limited company
How It’s Done
- Purchase of Plan
- DSC Application
- Company Name Reservation with RUN
- Filing of SPICe+ with ROC
- Receipt of Incorporation Certificate
10-15 days
Documents To Be Submitted
- Passport size Four (4) Photos of each Directors
- Address proof of each Directors (Electricity/Telephone/Postpaid Bills or Bank Statement not Older than 2 Months)
- Photo ID proof of each Directors (DL/Voter I’D/Passport)
- Specimen signature (DSC) of each Directors
- Self-declaration about your Directorship in Other Companies
- Address proof of your Registered Office (Rent Agreement/Electricity/Telephone Bills – not Older than 2 Months)
- No objection certificate (NOC) from the Owner of the Property.
- PAN Card & Aadhaar Card each Directors
- Email i’d & Mobile Number.
FAQs
Q.1 What is SPICe+- process of company incorporation?
Simplified Proforma for Incorporating Company electronically (SPICe+ form) is a fast track registration procedure initiated by Ministry of Corporate Affairs which enables a single form application process of company registration.
The normal registration route can take up to thirty days but if SPICe+ form is followed the whole process can be closed within 7 days.
Itrexperts aims at rendering premium services and delivering it in a speedy manner. The incorporation services shall be delivered following the SPICe+ route.
Q.2 How can I become eligible to get benefits under the Startup India Initiative?
Only the below-stated entities qualify as a “Startup” for the purpose of Government schemes
-
- Private Limited Company
- Registered Partnership Firm
- Limited Liability Partnership Further conditions are:
- Not more than 5 years have passed from the date of its incorporation/ registration
- Turnover for any of the financial years has not exceeded INR 25 crore
- It is working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property
Our experts shall guide you on how you can get registered under the Startup India Initiative and avail the benefits.
Q.3 Is stamp duty payable during incorporation process?
Yes, Stamp duty charges are imposed by the state in which the registered office is proposed to be located. The charges are on MOA, AOA & SPICe+. These charges are covered under the plan for all the states except Punjab & Madhya Pradesh. Our experts will guide you on additional charges if any for Punjab & Madhya Pradesh.
Q.4 How much time is needed to set up a private limited company?
The registration process gets completed when you get a certificate of incorporation(COI) issued by the registrar. The application can processed within 7 working days.
Q.5 I already have my digital signature certificate and DIN. Will the package value remain the same?
In Expert’s, you already have a DSC and DIN, our experts will offer you some concession accordingly on the above package.
Q.6 What is the government fee applicable for a Plc incorporation?
Below are the charges applicable for DIN and other government forms:
-
- DIN (2 Nos): Rs.3500
- RUN Form (SPICe+) : Rs.1000
- AoA: Rs.1000 (up to Rs.10 lakh of authorized capital)
- MoA: Rs.1000
Q.7 What is the stamp duty payable for company incorporation?
Below is the stamp duty payable, depends on the state you incorporate and your authorized share capital up to Rs. 10 Lakh: These are the charges in Karnataka:
-
- AoA: Rs.1000
- Moa: Rs.1000
Apart from this, notary charges of Rs.340 will apply for two director affidavits and related stamp duty.
Q.8 Can an NRI also become a director in company? And what additional documents will be required to be submitted?
Yes, an NRI or any foreign national can become a director in a private limited company. But such a person can be taken as a director only when there is one director who is a Resident of India. Additional documents required:
-
- Copy of Passport Copy Which is attested by Consulate of Indian Embassy or Foreign Public Notary.
- Copy of Driving License/ Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary.
RBI approval is required for foreign capital contribution. Additional charges will be applicable for RBI approval. Our experts will advise you on the applicable charges.
Q.9 I and my partner are both directors and shareholders in our company. We wish to bring in two additional shareholders as well. Is that covered in the package?
In the current package, we cover up to 2 digital signatures for two directors. For two additional shareholders, you need to secure two additional digital signatures certificates. We offer digital signature certificate – Click here to purchase digital signature
Q.10 Our company would like to bring in a foreign citizen as a director. Is this covered in your package?
To bring in an additional director, you need to secure digital signature (DSC ).
-
- Click here to purchase digital signature
Only a passport of the foreign director is required. In some countries, a residency certificate will be provided. These need to be submitted for the application. Any incidental charges here is not covered in the package.
Q.11 Our company would like to bring a non-resident Indian as a director in the company. Is this included in the package?
To bring in an additional director, you need to secure two digital signatures (DSC)
-
- Click here to purchase digital signature (DSC)
If the individual is residing outside India at the time of the application, then he or she needs to get the PAN, Aadhaar, current address (in the country of residence), permanent address attested by Indian embassy in that country. Any incidental charges here is not covered in the package.
Q.12 Why is there delay in getting our incorporation certificate?
Due to the increasing enthusiasm among too many entrepreneurs who wish to incorporate their companies, the MCA has made stringent rules to approve the company name and issue the certificate of incorporation. Further, due to excessive demand, the PAN, TAN, and GSTN applications are also increasing and thus it is understood that this processing will take time too. So, we could take a range between 20-25 working days to complete the company incorporation process and receive the certificate of incorporation.
Q.13 What is a Private Limited Company?
A private limited company lies somewhere between a partnership and a widely owned public company. It limits the liability of the owner to their respective shares. It also restricts shareholders from publicly trading shares. The maximum number of shareholders in a private limited company has been extended to 200 (from 50) as per the new Indian Companies Act.
Q.14 Are private limited companies ideal for small businesses?
It is beneficial for small businesses to get registered as private limited companies since it adds credibility to their business. It helps the company acquire loans from banks, potential investors as opposed to a one-person company (OPC), sole proprietorship or a partnership.
Q.15 Can a foreign national be a director in a private limited company?
Yes, any foreign national or company or an NRI (Non-Resident Indian) can become a director in an Indian company. He can also hold shares of a private limited company in India. However, it is important that at least one director who sits on the Board of Directors is a Resident and a citizen of India.
Q.16 Are there any requirements for setting up a Private Limited Company?
Here are few basic requirements for incorporating a private limited company anywhere in India:
1. A minimum of Two Directors and Two Shareholders (The Directors can also be Shareholders).
2. There is no prescribed limit or recommendation regarding the Minimum Paid-up Share Capital required for incorporating a private limited.
3. Copies of the PAN Cards of the Directors/Shareholders (Indian Nationals) or Copy of Passport (Foreign Nationals).
4. DSCs (Digital Signature Certificates) of the Directors.
5. Copies of the Identity Proof and Address Proof of All Directors.
6. Address Proof of the Registered Office of the company.
Q.17 How many directors are required to incorporate a private limited company in India?
A minimum of two directors is required for registering the private limited company. Each director should have a DIN i.e., director identification number which is allotted by the ministry of corporate affairs. It is important that one of the directors must be a resident of India, this means he/she should have resided in India for not less than 182 days in a preceding calendar year.