A Private Limited Company in India is a corporation whose assets are wholly liable for the company‘s liabilities. Its shareholders are accordingly only liable to the extent of their respective contributions. A PLC may be formed for the carrying on of commercial or non-commercial purposes and may take any form. It is formed through the recording of its articles of association by a notary and their subsequent Private action in the Official Bulletin.

Key Features of India Private Limited Company

India Private Limited Company

Corporate Details

General

  • Type of Entity

PLC

  • Registered Office in India

Yes

  • Registered Agent

No

  • Our time to establish a new company

2 months

  • Corporate Taxation

34%

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

Indian Rupee

  • Permitted currencies

Any

Directors

  • Minimum number

One

  • Local required

Yes

  • Privately accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Share holders

  • Minimum number

One

  • Privately accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Privately accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

No

Tax treatment

Corporate tax for India PLC is 34%.

Duration for set up the company

Two months.

Advantages of India Private Limited Company

  • Easy setup and recommended to Growing Start ups.
  • Limited Liability for members.
  • More credibility as compared to others

     The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.