The default structure for founders planning to raise equity, issue equity incentives, or bring on outside shareholders - limited liability, clean cap table, investor-ready from day one.
Requires a minimum of 2 shareholders and 2 directors, capped at 200 shareholders total.
No mandated minimum paid-up capital - founders can start with any amount.
Most institutional investors and equity incentive frameworks are built specifically for this structure.
Annual filings and board compliance are mandatory from the first year.
Company name reservation and Director Identification Number / Digital Signature for all directors.
Constitutional documents drafted and filed with the Registrar via SPICe+.
PAN/TAN allotment and bank account opening support, bundled through incorporation.
Equity structuring documented alongside incorporation, not left informal.
Typically 7–10 working days from SPICe+ filing to Certificate of Incorporation, once DSCs, DINs and name approval are in place. PAN and TAN are issued automatically alongside the certificate; GST and bank account opening usually add another 5–10 days if needed immediately.
A registered office address is mandatory, but it can be a residential address, a co-working space, or even a director's home - a commercial lease isn't required at incorporation. Proof of address (utility bill or rent agreement plus a No-Objection Certificate from the owner) is filed with the ROC.
Yes - conversion is legally possible, but it is slower and costlier than incorporating as a Private Limited Company from day one. If you expect to raise equity funding, issue equity incentives, or bring in outside shareholders within 1–2 years, starting as Pvt Ltd avoids a disruptive mid-course conversion later.
A Private Limited Company needs a minimum of 2 directors and 2 shareholders (they can be the same people), and at least one director must be an Indian resident. The maximum number of shareholders is capped at 200.
PAN and Aadhaar (or passport for foreign nationals) for each director and shareholder, a passport-size photograph, proof of the registered office address, and a Digital Signature Certificate (DSC) for at least one director to sign the SPICe+ form electronically.
Government fees vary by authorized capital and state (stamp duty differs by state), plus professional fees for drafting, DSC and filing. We scope this exactly for your case rather than quoting a generic number - see our Packages page for indicative ranges.
Private Limited suits founders planning to raise equity or issue equity incentives; LLP suits professional services partnerships with lower compliance needs and no plans to raise priced equity; OPC suits a single founder wanting limited liability without co-founders. We walk through your funding and liability plans before recommending a structure.