Starting a business is an exciting journey, and registering your company is the first crucial step. A Private Limited Company (PLC) is one of the most popular business structures in India, known for its flexibility, limited liability, and the ability to raise funds. At Track Tax, we simplify the process of Private Limited Company registration, ensuring that you can focus on building your business while we handle the legalities.
In India, starting a business through a Private Limited Company is one of the most popular and effective choices for entrepreneurs aiming for rapid growth. Incorporated under the Companies Act, 2013, this business structure offers significant advantages, such as limited liability and a separate legal entity, safeguarding personal assets from business risks. These features make the Private Limited Company the top choice for startups and fast-growing businesses.
If you’re planning to start your company, your first step should be registering it. Company registration not only enhances its credibility but also brings several benefits, such as liability protection, securing your company’s assets, and attracting more investment.
At Track Tax, our team of experts is committed to providing you with the best assistance for the Private Limited Company registration process. With our timely service, personalized guidance, and a focus on complete customer satisfaction, you can be sure of a seamless registration experience. Get in touch with us at +91 9865745321 or email us at admin@tracktax.in for professional registration and compliance services.
Once registered, a Private Limited Company is recognized as a separate entity in the eyes of the law. This means it operates independently from its owners, directors, shareholders, and employees, providing a clear distinction between personal and business liabilities.
Since the company is a separate legal entity, the liability of its members is limited to the amount of share capital they contribute. In other words, the personal assets of the owners are protected, and they are not liable for the company’s obligations beyond their investment.
A Private Limited Company is highly favored by investors, making it easier to raise capital. It offers opportunities to secure funding from banks, foreign investors, venture capitalists, and angel investors, enhancing the growth potential of the business.
One of the key advantages of a Private Limited Company is its perpetual existence. Once incorporated, the company continues to exist irrespective of changes in ownership or management. It only ceases to exist if it is legally wound up by the promoters or the government.
Before you register a Private Limited Company in Jaipur, it’s essential to meet the following minimum requirements:
At Track Tax, we ensure you meet these essential requirements while making the registration process smooth and hassle-free.
To incorporate a Private Limited Company, the following documents are required:
PAN Card of the Member and Directors of the proposed Company Passport in case of Foreign Nationals
Identity Proof of the Member and Directors of the proposed Company; (Aadhar /Voter ID/Driving License/Passport)
Address Proof of the Members and Directors (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
Latest passport size photograph of Member and Directors
Business Address Proof Owned Property : (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Business Address Proof Rented/leased: Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Note: For NRIs or foreign nationals, the documents of directors and subscribers must be notarized or apostilled.
Follow these steps to incorporate your Private Limited Company efficiently with Track Tax:
Start by filling out a simple questionnaire provided by our expert team to begin the incorporation process.
Based on your responses, we’ll need to collect and organize the required documents. Our team will handle the preparation and ensure everything is in order for further processing.
The next step is obtaining the DSC, which consists of your e-signatures. If you already have one, this step can be skipped. The process typically takes around 1-2 days.
We will check the availability of your chosen company name to ensure it is unique and not already registered by another entity. This step may take 1-2 days.
Once the name is approved, we’ll submit an online application through SPICE+ (Simplified Proforma for Incorporating Company Electronically) along with the required documents. The Memorandum of Association (MOA) and Articles of Association (AOA) will also be filed electronically. This process typically takes 2-3 days.
After successful incorporation, we will provide you with the Certificate of Incorporation, along with the MOA, AOA, and Digital Signatures.
Domestic Company Turnover > Rs. 400 Cr
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
| Upto 1 crore | 30% | Nil | 4% |
| Above 1 crore but upto 10 crore | 30,00,000+ 30% | 7% | 4% |
| Above 10 crore | 3,00,00,000+ 30% | 12% | 4% |
Domestic Company Turnover < Rs. 400 Cr
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
| Upto 1 crore | 25% | Nil | 4% |
| Above 1 crore but upto 10 crore | 25,00,000+ 25% | 7% | 4% |
| Above 10 crore | 2,50,00,000+ 25% | 12% | 4% |
Selecting the ideal business structure is critical for the success and sustainability of your business. Here’s a comparison of various business structures to help you make an informed decision:
Basis | Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
Registration Requirement | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Registered/Unregistered | No Specific Criteria |
Number of Members | 2 – 200 | 7-∞ | Only 1 | Unlimited | 2 -50 partners | Only 1 |
Number of Director | 2-15 | 3-15 | Only 1 | 2 designated partners | NA | NA |
Naming of Entity | Unique | Unique | Unique | Unique | No Guidelines | No Guidelines |
Capital Requirement | Zero | Zero | Zero* | Zero | Zero | Zero |
Liability of Entities | Limited | Limited | Limited | Limited | Unlimited | Unlimited |
Foreign Investment | Eligible | Eligible | Not Eligible | Eligible | Not Allowed | Not Allowed |
Statutory Audit | Mandatory | Mandatory | Mandatory | Mandatory | Not Required | Not Required |
Compliance Level | Annual Compliance | Annual Compliance | Annual Compliance | Annual Compliance | Less Compliance | Zero Compliance |
Tax Rate | 22% | 22% | 22% | 30% | 30% | Individual Tax Rate |
Terms & Conditions*
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