Private Limited Company Registration in Mumbai
Know The Company Registration Process, Documents Required & Cost in Mumbai
Have you planned to start a Private Limited Company in Mumbai? Then you should understand few of basic things about Private Limited Company Registration in Mumbai, to avoid confusions & information dilemma later.
- Actax India
- March 19, 2024
- 1:21 pm
Why You Should Register Company with Actax?
We at Actax, have tremendous years of experience in setting up new companies, be it Private Limited, LLP, or One Person Company. We assist firms with the drafting of Partnership Deeds to Partnership Firm Registration in a short time.
Why You Should Choose Private Limited Company Registration in Mumbai?
Setting up a Private Limited Company in Mumbai makes it a separate legal entity in India. This imparts a special power to limit their liabilities as per shares. There are many government initiatives to boost the growth of private limited companies in India. Forming a company helps to reduce the risk of losses & bankruptcy. Under schemes like MSME, Startup India, etc., companies can avail of various financial & administrative benefits. Private limited companies are easily recognizable for their transparency. As they are registered under the Ministry of Corporate Affairs, the company financials & stakeholder data are available publicly & can be accessed by Investors & customers.
Requirements for Private Limited Company Registration in Mumbai
Minimum of 2 Directors
According to the Companies Act, 2013, a Private Limited Company must possess at least 2 Directors. Hence, to register a Private Limited Company in Mumbai you must have a minimum of 2 Directors.
Minimum of 2 Shareholders
A Private Limited Company cannot further be incorporated without 2 Shareholders. As a result, for Mumbai also, the requirement remains the same.
Mandatory Indian Residence For 1 Director
Among the 2 Directors, 1 of them must be an Indian Resident (and also an Indian Citizen), especially if 1 of them comes from a foreign nationality. It validates the company’s existence.
DIN of the Directors
Having the DIN or the Director’s Identification Number is a must to register a Private Limited Company in Mumbai. DINs are further obtained through DSCs (Digital Signature Certificates).
Registered Office in Mumbai
To register a Private Limited Company in Mumbai, you must have an office registered within Mumbai’s Jurisdiction. Office registration services are further provided by Actax India.
Unique Company Name
The company name must be unique and should not resemble any other company name, either existing presently or functional in the past. Name resemblance nullifies the registration process.
Benefits of Company Registration in Mumabai
Save on Tax
Enabling pensions, provident funds & sharing dividends reduces tax on businesses. This helps stakeholders to receive value from your firm. Business Tax Payable < Individual Taxes.
Recognition
With a private limited company, getting recognition & scaling a business is easier than with a sole proprietorship business. Various relaxations & provisions are given for companies to expand.
Get Easy Funding
Investment for companies quickly & easily is important to boost business growth. With registered companies, it is easier to get investments or credits from banks.
Attract Talents
Private Limited companies are more likely to attract a talented workforce because of their legality & credibility. A registered company can also offer employee benefits like ESOP.
Documents Required to Register Private Limited Company in Mumbai
Documents Required for Directors
- ID Proof - Adhar Card/Voter ID/Password
- Address Proof
- PAN Card
- Mobile Number
- Digital Signatures of Directors
- Director Identification Number
- Bank Statements (not older than 2 months)
- Passport (only for NRIs)
Documents Required for Registered Office
- Rental Agreement
- Utility Bills (e.g., broadband/electricity bills)
- NOC (from the owner/landlord)
Along with the above listed, there might be need of more documents depending on special applicable factors. Click below to view all the documents required for Private Limited company registration in Mumbai, India.
Major Milestones in the Company Registration Process in Mumbai
Acquiring DSC and DIN
We establish essential digital identities for your online filings and director verification.
Reserving a Company Name
We choose a unique and available name for your company on your advice that reflects your brand and complies with regulations.
Drafting of MoA & AoA
We define your company’s core objectives (MoA) and establish internal governance rules (AoA) for smooth operation.
Filing of SPICe Form
Next, we submit a comprehensive online application (SPICe+) incorporating company details, director information, and MoA/AoA for government approval.
Obtaining the “Certificate of Incorporation”
Finally, we receive the official document confirming your company’s legal existence, allowing you to open bank accounts and enter into contracts.
Procuring the PAN & TAN
As a post-process, we register your company with the tax authorities for filing tax returns and conducting financial transactions.
Cost of Private Limited Company Registration in Mumbai
It takes ₹9,499 to register a Private Limited Company in Mumbai (online). The cost breakdown is shown below:
Company Registration Criteria in Mumbai | Registration Fees |
Digital Signature Certificate Fee | ₹2,000 |
Government Fee or Stamp Duty | ₹3,500 |
Professional Fee | ₹3,999 |
Total Cost | ₹9,499 |
Important Checklist for Private Limited Company Registration in Mumbai
- DSC of the Directors
- DIN of the Directors
- Unique Business Name Approval
- Minimum of 2 Directors
- Minimum of 2 Shareholders
- At least 1 Indian Resident as a Director
- Maximum of 200 Shareholders
- Maximum of 15 Directors
- ₹1 Lakh Authorized Paid-Up Capital
- MoA & AoA
- Address Proof of the Registered Office
- NOC from the Landlord/Owner
- Identity Proof of the Directors
- Address Proof of the Directors
- Passport Photos of the Directors
- PAN of the Directors
Register Your Company with Actax in 3 Simple Steps!
Start Your Company Registration Process with Actax Experts
Answer Few Questions
Our Expert call you to understand your business & advise you the right type of Company to choose.
Provide Required Documents
Experts will collect all necessary documents of directors & shareholders required to complete the process.
Get Incorporation Certificate
We take care the rest process. Your Incorporation certificate, DSC, MOA & AOA will be sent to your registered mail.
At Actax India, we accelerate your process of Mumbai company registration through streamlined processes, online filing expertise, a proactive approach to potential roadblocks, and liaison with authorities. We ensure clear documentation and utilize the best industry practices of company formation to avoid any delays due to minor errors or misinformation. We assure you that we do not take more than 12 Days to get your Private Limited Company registered in Mumbai.
Clients We Are Working With
FAQs on Company Registration in Mumbai
How can I incorporate my company in Mumbai?
You can incorporate a Private Limited Company in Mumbai through the following ways:
Step 1: DSC Application – Request Directors’ and Shareholders’ Digital Signatures. E-Mudra and other government-approved suppliers are eligible to apply for the DSC.
Step 2: Name Approval – Utilize the MCA system to apply the intended Pvt Ltd firm name. The name cannot resemble any brand or company that already exists.
Step 3: Prepare Documents: Prepare the necessary paperwork, such as INC 9, MOA, and AOA.
Step 4: File SPICE: Submit the last version of the company registration form. The certificate of incorporation will then be sent to your mail ID.
Step 5: CIN – You will receive the Certificate of Registration, PAN, and TAN on the applicant’s email address if the MCA authorizes the firm registration.
To create a Private Limited Company feasibly in Mumbai, contact Actax India.
Is registration compulsory for a Private Limited Company?
Yes, it is compulsory to register a Private Limited Company, and it is uniform all across India, under the Companies Act, 2013.
What is the turnover limit for Private Limited Company Registration?
The minimum turnover limit of a Private Limited Company is ₹2 Crores.
Can a Private Limited Company get registered under MSME?
Yes, a Private Limited Company can get itself registered under MSME. But, we would suggest you opt for a registration under the Companies Act, 2013, because of certain obvious benefits (robust growth structure, potential of attracting investors, limited liability protection, etc.).
What happens if a Private Limited Company is not registered in Mumbai?
If a company is not registered anywhere in India, it does not get any legal recognition. As a result, the company owners are subjected to certain personal liabilities, associated with both money and regulatory compliance or its breach.
Is GST registration mandatory for a Private Limited Company in Mumbai?
GST registration becomes mandatory under these two following criteria (for a Private Limited Company in Mumbai):
- If your annual revenue as a trader or producer exceeds ₹40 lakhs.
- If your annual revenue as a service provider exceeds ₹20 lakhs.
Actax India further provides GST registration services, under a separate package. For more details, contact us or visit our homepage.
Register Your Company Today with Us
We help you get a company registered anywhere in India. We take care of the complete process online to make it easier for you. No matter where you are, we carry out the entire procedure from Name approval to Incorporation Certificate! We keep you posted on WhatsApp.
Give Us A Call
+91 9066338911
+91 9481492860
Mail Us
info@actaxindia.com
salesactax@gmail.com
Our Office
No.173, Second Floor, Back side, Kathriguppe 80 Feet Main Road, BSK 3rd Stage, Bangalore – 560085
