Cost on Private Limited Company Registration

Introduction:

Now a days, Private Limited Company becomes very popular among Start-ups Businesses for making high growth potential. Private Limited Company is formed under the Companies Act, 2013 and its incorporation is regulated and governed by Ministry of Corporate Affairs (MCA).

Today we are going to discuss about the Costing and Fees of  in India. At first glance, if we see Private Limited Company registration costs, it seems very high. Due to this many emerging business enthusiasts don’t want to start a Pvt. Ltd. company because they feel there would be very high costs and fees for registration and operation of a Private Limited company, that is not true actually.

the cost of Private Limited Company registration in india depends on so many factors. Earlier, Authorized Share Capital was one of the major factors with which one registered a private limited company. But now there is no minimum share capital requirement is held and the Government fee has been waived off for the incorporation of companies in India.

Accordingly, now the cost for registering a private limited company has been reduced drastically. All the process for company registration nowadays can be done through online portal i.e. website of MCA, www.mca.gov.in. Further, It is now easy to understand that incorporation can be done in very small span of time with reduced pricing. Let us proceed to discuss in detail the cost of starting a private limited company in India.

Private Limited Company Registration Fees

• Cost of DSCs of Subscriber and first directors: It may cost around1000 per DSC. Rest it depends upon the discretion of DSC issuing agency and location of the agency.
• Fees For Name Reservation: Rs 1000 per Application, however this cost can be saved if application is filed in integrated form SPICe plus along with incorporation application.
• Stamp Duty Fees: It depends upon the Authorized Share Capital of the company and the state where the Registered Office of the company is proposed to be situated.
• Payment For PAN And TAN: Government fees for Rs. 65.00 and Rs. 66.00 for allotment of PAN and TAN.
• Professional Fees: For incorporation of OPC consultation and professional certification of CA/CS/CMA in practice is required, the professional charges for which are subject to their discretion.
• There is one integrated e-form namely SPICe+ which covers almost all the details for registration of a private limited company. Now more than five procedures for Starting a Business is simply constituted in a single step with this abovementioned online web form.
• Using an integrated e-form SPICe+, The one who wants to start a Pvt Ltd can now apply for Company Name, Company Incorporation, DIN of the directors, PAN and TAN for the newly incorporated company, apply for ESIC, EPFO and GSTIN, opening of Bank Account. The applicant can avail all these specified services simultaneously in one single e-form divided into two parts, PART-A and PART-B.
• Therefore, the CHANGES undertaken by the Ministry of Corporate Affairs have helped in reducing the procedures for incorporating company in India and provide Ease of Doing Business. The Cost of Registration of Private Limited Company would vary from INR 7,000/- to INR 30,000/- depending upon some factors like number of Directors, number of members, authorized share capital and Professional fees. Professional fees may depend upon the complexity and intricacy of the task.
• Fees of some Important Registrations Cost for Private Limited Company depends upon different kinds of businesses and services in India. Irrespective of type of business organization, each one of them requires some Government registrations. For example, if you are in the Import - Export business then you must have the requirement of IEC registrations, If you are in some kind of profession then you must have the requirement of Professional Tax registration, MSME registration for small, micro and medium Companies, Trademark license etc. Different kinds of registration have different costs including professional charges and government fees. The registrations may start from INR 1500/- and reach up to INR 15000/- that would depend on the entanglement of task.

Incorporation of a Private Limited Company is one thing and to run the Company successfully is the other aspect to be taken care of. Cost of a private limited company registration is one time cost but after the registration there are number of compliances which would add in the total fees or Cost of Online Company registration in India.

Thanks for giving your time on this article, if you intend to register your Private Limited Company then please connect Compliance Calendar LLP at [email protected] or call us at 9988424211.