Basic Structure Of The Registration Fees For Company Registration In India

The most critical stage for any businessman is planning, launching, and establishing a new firm. More importantly, the individual must be prepared to meet all legal criteria to enter the market. A private limited company is a privately owned firm for small enterprises. The responsibility of the members of a Private Limited Company is limited to the number of shares they own. Private Limited Company shares cannot be exchanged publicly. A private limited company can be formed by any sort of business, such as a plumber, hairdresser, photographer, lawyer, dentist, accountant, or driving teacher. Shareholders are the proprietors of a private limited company.

Private Limited Company In India

In the Indian market, the private limited corporation is the most common and dominating. This firm is specifically for small businesses. The members of a Private Limited Company have a set financial commitment, dependent on the number of shares they each own.

In India, the Private Limited Company registration procedure is controlled by the Companies Act, 2013, and the Companies Incorporation Rules, 2014. To form a private limited corporation, you'll need at least 2 directors and 2 shareholders. Professional prices may vary depending on the task's intricacy. There is no minimum limit of capital for incorporating a pvt ltd company.  It might go much higher and sometimes lower as MCA may prescribe from time to time.

Creating a private limited corporation is simply provided you have all of the necessary legal paperwork. The registration procedure has undergone significant adjustments and has been simplified. Entrepreneurs who want to start and grow a firm can now do so without difficulty.  

The formation of a private limited company entails a number of steps and forms. Government costs and professional service fees are included in the overall cost of registration. 

The government charges costs for obtaining a DSC, PAN, and TAN, as well as reserving a unique name (RUN) and relevant stamp duty. The stamp duty to be paid at the time of incorporation depends on the state where the proposed company is going to be incorporated. CA and CS, for example, provide business registration services. Professional fees (service costs) make up a higher portion of the total cost.

The registration fees of a private limited company are divided into some parts and they can vary from state to state. 

The parts in which the registration fees structure is divided are as follows:-

Digital Signature Certificate- is necessary for all of the company's shareholders and stockholders. DSCs are issued by the Controller of Certification Agencies (CCA) for electronic authentication. If you currently have a Digital Signature Certificate (Class III), you may include it as well.

SPICe+Part A- The submission of SPICe+Part A forms is an optional step. You may use this form to reserve a distinctive name for your business. In this form, you have two name possibilities. Each submission requires a cost of INR 1,000. If neither of the two choices is available, you can submit your application again.

The SPICe+Part B- form contains information on the company's shareholders and directors. It also includes share capital subscription, stamp duty, PAN, and TAN.

PAN and TAN are issued by National Securities Depository Limited. The costs are INR 131. The amount of stamp duty due varies by state and authorised capital.

Capital That Is Required To Start A Company In India:

Concepts To Be Kept In Mind: In India, a firm may be established with very little money. There is no set sum, and the shareholders of the newly formed firm can decide how much money they want to invest. The following are some of the concepts to keep in mind when establishing the company's capital structure:

Face Value Of Share- The price per share with which the firm is established is known as the face value of a share. The face value of a share is usually Rs. 1, Rs. 10, Rs. 100, Rs. 1000, or Rs. 10,000.

Authorised Capital- The entire value of shares a corporation can issue to shareholders is known as authorised capital. Normally, all corporations are formed with an amount of authorised capital but there is no fixed minimum or maximum amount of authorised capital. If the corporation needs more authorised capital, it will have to pay additional fees to the Ministry of Corporate Affairs. After incorporation, a company's authorised capital can be raised at any moment.

Paid-up Capital- The number of shares issued to shareholders for which they have paid or deposited capital to the corporation is known as paid-up capital. A company's paid-up capital cannot exceed the company's authorised share capital.

The charge that is charged to register a private limited company in India varies from state to state. It completely depends on the Government to decide the amount that will be charged as the fees for the registration of the company.

Conclusion

With Online legal India you can get your private company registration done with very easy steps and also at an affordable price. The team of professionals guide you in every step of your registration procedure. You can get guidance from trained and expert CAs and legal persons who have years of experience in this field. They have served the demands of the people with full dedication and have satisfied them. Online Legal India is always there to help you in every possible way so that you can get the best services.The charges that are being charged for the work are very nominal and affordable.