Private Limited Company Registration in India: A Complete Guide from Licit 360's blog

Registering a Private Limited Company in India is one of the best ways to establish a legally recognized business entity. A Private Limited Company (PLC) offers limited liability protection to its shareholders, greater credibility, and ease of raising capital from investors. Whether you are starting a new business or transitioning from a sole proprietorship, Licit360 provides expert guidance for seamless private limited company registration in Indore.

In this blog, we’ll guide you through the process of Private Limited Company registration, the importance of GST registration for private limited companies, and how our experts at Licit360 can make the process hassle-free.

What is a Private Limited Company?

A Private Limited Company is a type of business entity in which ownership is held privately by shareholders. It is ideal for small to medium-sized businesses as it provides benefits such as:

• Limited liability for shareholders
• Separate legal identity
• Perpetual existence
• Easy transferability of shares

If you’re looking for new private limited company registration, Licit360 ensures compliance with all legal formalities and provides end-to-end solutions for businesses in India.

Benefits of Registering a Private Limited Company

Here are the key benefits of incorporating a Private Limited Company in India:

1. Limited Liability: The personal assets of shareholders are protected from the company’s liabilities.
2. Credibility: A registered company is more credible for potential clients, vendors, and investors.
3. Funding Opportunities: It becomes easier to raise equity or venture capital.
4. Tax Benefits: Proper GST registration for private limited companies helps claim input tax credit.
5. Ease of Business Operations: Compliance with government regulations ensures smooth business operations.

Private Limited Company Registration Process in India

The process of private limited company registration in India involves multiple steps, but with Licit360, we ensure a hassle-free experience. Here’s an overview:

1. Digital Signature Certificate (DSC): Obtain DSC for the company’s directors.
2. Director Identification Number (DIN): Register for a unique DIN for all directors.
3. Name Approval: Choose a unique name for the company and get it approved by the Registrar of Companies (RoC).
4. Filing Incorporation Documents: Submit the Memorandum of Association (MoA) and Articles of Association (AoA) along with other required forms to the RoC.
5. Company Registration Certificate: Once approved, you will receive a Certificate of Incorporation (CoI).
6. PAN and TAN Application: Apply for PAN and TAN for the company.

At Licit360, we specialize in assisting businesses with private limited company registration in Indore and across India.

GST Registration for Private Limited Company

Once your company is incorporated, obtaining a GST registration is mandatory if your annual turnover exceeds ₹20 lakh (₹10 lakh for special category states).

Importance of GST Registration for Private Limited Companies:

1. Legal Compliance: GST is mandatory for companies to operate legally in India.
2. Input Tax Credit: Claim benefits on taxes paid during purchases.
3. Expanding Business Opportunities: Registered businesses can trade seamlessly across states.

GST Registration Process for Private Limited Company

The GST registration process for private limited companies involves the following steps:

1. Prepare Documents: PAN of the company, MoA, AoA, proof of registered office, bank details, and directors’ ID proof.
2. Apply Online: Submit the GST application on the GST portal.
3. Verification: Your application and documents will be verified by GST authorities.
4. GSTIN Issuance: Once approved, a unique GST Identification Number (GSTIN) will be issued.

If you’re looking for new GST registration for private limited company, Licit360 offers quick and reliable services to ensure your business is GST-compliant.

Why Choose Licit360 for Company and GST Registration?

At Licit360, we are dedicated to making the process of private limited company registration and GST registration effortless. Whether you are looking for company registration near me or need an expert private limited company registration consultant, we are here to assist.

Why Licit360?

• End-to-end guidance on company incorporation and GST registration.
• Expert assistance for businesses in Indore and across India.
• Affordable pricing with no hidden charges.
• Quick and transparent process.

Get Started Today!

If you’re planning to register a Private Limited Company or need assistance with GST registration of private limited companies, Licit360 is your trusted partner. We simplify the process and ensure compliance with all legal requirements.