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How much it cost to register a private limited company in India?

How much it cost to register a private limited company in India?

The Cost of Incorporation / Registration of Pvt Ltd Company would vary from INR 6,000/- to INR 30,000/- depending upon the No. of Directors, No. of members, authorized share capital and Professional fees. Professional fees may depend upon the complexity of the task.

How can I register my Pvt Ltd Company for free?

Free Company registration in India There will be the separate procedure to file company name. Company name approval will be filed without using digital signatures. A new service called Reserve Unique Name (RUN) will be launched. DIN will not be required to be a file for company name approval.

Can I register Pvt Ltd Company in India?

To register a company in India a minimum of two people are required to act as directors and shareholders. To register a Private limited company in India the Director’s PAN card, address proof, and the bank statement are required with the address proof of the registered office.

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Is GST necessary for Pvt Ltd?

All businesses from the public to private limited companies should register for their GST. Registering for GST is compulsory for all companies that sell their goods or render services via e-commerce platforms such as Amazon, Flipkart, Ola, etc. In addition to that, one should be aware of the GST compliance number.

Which bank is best for Pvt Ltd company?

Best Banks for Current Account

Banks Maximum Cash Deposit Allowed
ICICI Bank Up to ₹1.8 crores per month
Axis Bank Up to ₹2 lakhs per month (for regular current account)
Bank of Baroda Up to ₹1 lakhs per month
Kotak Mahindra Bank Up to ₹5 lakhs

What are the benefits of Pvt Ltd?

Advantages of a Private Limited Company

  • Separate Legal Entity. An entity means something which has a real existence; a thing with distinct existence.
  • Uninterrupted existence.
  • Limited Liability.
  • Free & Easy transferability of shares.
  • Owning Property.
  • Capacity to sue and be sued.
  • Dual Relationship.
  • Borrowing Capacity.