Our Services

At AI Auditors, We Provide Private Limited Firm Registration Services.

Welcome to AI Auditors, your trusted partner for Private Limited Firm Registration. At AI Auditors, we offer a comprehensive and client-centric approach to make the registration process for your Private Limited Firm smooth and efficient.

Highlights of AI Auditors' Private Limited Firm Registration Service:

1. Tailored Consultation:

- AI Auditors begins by understanding the unique needs of your business. Our experts provide tailored consultation to guide you through the registration requirements.

2. Transparent Fee Structure:

- We believe in transparency. AI Auditors provides a clear and straightforward fee structure, ensuring you know the costs involved in the Private Limited Firm registration process.

3. Efficient Document Preparation:

- Our team ensures the efficient preparation of all necessary documents for registration, streamlining the paperwork and reducing the burden on your end.

4. Timely Submission:

- AI Auditors prioritizes timely submission of documents to regulatory authorities, facilitating a swift approval process for your Private Limited Firm registration.

5. Regular Updates:

- Stay informed at every step. AI Auditors provides regular updates on the progress of your Private Limited Firm registration, keeping you in the loop throughout the process.

6. Post-Registration Support:

- Our commitment extends beyond registration. AI Auditors offers post-registration support, addressing any queries or concerns you may have after the successful establishment of your Private Limited Firm.

7. Compliance Assurance:

- Rest assured of compliance. AI Auditors ensures that your Private Limited Firm adheres to all legal and regulatory requirements, providing a strong foundation for your business operations.

8. Customer-Centric Approach:

- Experience a customer-centric approach at AI Auditors. Our dedicated team is ready to address your specific needs and concerns, making the Private Limited Firm registration journey hassle-free.

Embark on your Private Limited Firm registration journey with AI Auditors, where our focus is on delivering a service that is not only efficient but also tailored to your business aspirations. Welcome to a partnership that prioritizes your success.

Pros & Cons of Private Limited Firm Registration

Pros of Private Limited Firm Registration in India:

1. Limited Liability Protection:

- Shareholders' personal assets are protected, limiting their liability to the amount invested in the company.

2. Credibility and Trust:

- A Private Limited Firm often enjoys higher credibility and trust among stakeholders, including customers, suppliers, and investors.

3. Access to Funding:

- Easier access to funding through various channels, including venture capital, angel investors, and financial institutions.

4. Perpetual Existence:

- The company's existence is not affected by changes in ownership, ensuring continuity and stability.

5. Employee Stock Options:

- Private Limited Firms can attract and retain talent by offering employee stock options, aligning the interests of employees with company success.

6. Tax Benefits:

- Enjoyment of certain tax benefits, including corporate tax rates and deductions available to registered companies.

7. Legal Recognition:

- A Private Limited Firm has legal recognition as a separate legal entity, distinct from its shareholders.

Cons of Private Limited Firm Registration in India:

1. Complex Setup:

- The process of setting up a Private Limited Firm is more complex compared to other business structures.

2. Compliance Requirements:

- Private Limited Firms are subject to stringent compliance requirements, necessitating meticulous record-keeping and reporting.

3. Cost of Compliance:

- Compliance with statutory regulations may entail additional costs, including hiring professionals for accounting, auditing, and legal services.

4. Restricted Ownership:

- The ownership of a Private Limited Firm is limited to a specified number of shareholders, potentially restricting investment opportunities.

5. Public Disclosure:

- Private Limited Firms are required to disclose financial and operational information, reducing privacy compared to other business structures.

6. Annual Filings:

- The company is required to file annual financial statements and other documents with regulatory authorities, adding to the administrative burden.

7. Risk of Mismanagement:

- With multiple stakeholders, there is a potential risk of conflicts and mismanagement that may impact decision-making processes.

Tax Implication in India on Private Limited Firm Registration

1. Corporate Taxation:

- A Private Limited Firm is subject to corporate taxation. The income generated by the firm is taxed at the applicable corporate tax rates, which may vary based on the annual turnover and other factors.

2. Dividend Distribution Tax (DDT):

- Dividends distributed to shareholders are subject to Dividend Distribution Tax (DDT) at the company level. However, with changes in tax regulations, as of my last knowledge update in January 2022, DDT has been abolished, and shareholders are now liable to pay tax on dividends received.

3. Goods and Services Tax (GST):

- Private Limited Firms engaged in the supply of goods or services may be required to register for and comply with the Goods and Services Tax (GST) regulations. GST is a consumption-based tax levied on the sale of goods and services.

4. Tax Deducted at Source (TDS):

- Private Limited Firms are obligated to deduct Tax Deducted at Source (TDS) on certain payments made, such as salaries, professional fees, and interest. The deducted TDS must be deposited with the tax authorities.

5. Compliance with Transfer Pricing Regulations:

- If the Private Limited Firm engages in international transactions with associated enterprises, it must comply with transfer pricing regulations to ensure that transactions are conducted at arm's length prices for tax purposes.

6. Minimum Alternate Tax (MAT):

- Private Limited Firms are subject to Minimum Alternate Tax (MAT) if their taxable income, as per regular tax computation, falls below a specified threshold. MAT ensures that even if a company reports low profits, it pays a minimum amount of tax.

7. Tax Benefits for Startups:

- Recognizing the importance of startups, the Indian government provides various tax benefits, including exemptions and deductions, to eligible Private Limited Firms under the Startup India initiative.

8. Capital Gains Tax:

- Private Limited Firms may incur capital gains tax on the sale of capital assets, such as property or investments, depending on the holding period and nature of the asset.

Documents Required For Private Limited Firm Registration

The documents required for Private Limited Firm registration in India may vary based on the specific business activities and the state in which the company is being registered. However, here is a general list of documents typically needed for Private Limited Firm registration:

1. Identity Proof:

- PAN (Permanent Account Number) of all Directors

- Aadhaar card or Passport of Directors

2. Address Proof:

- Utility bill (electricity, water, gas) or property tax receipt for the registered office address

- Rental agreement and a No Objection Certificate (NOC) from the property owner (if the premises are rented)

3. Photographs:

- Passport-sized photographs of all Directors

4. Directorship Details:

- Declaration of Directorship in other companies

5. Name Reservation:

- Application for reservation of the proposed company name

6. Memorandum of Association (MOA) and Articles of Association (AOA):

- MOA defines the company's objectives, while AOA outlines its internal rules and regulations

7. Declaration of Compliance:

- A declaration by a practicing professional (such as a Chartered Accountant, Company Secretary, or Advocate) confirming compliance with all legal requirements for registration

8. DIN (Director Identification Number) for Directors:

- Obtained by filing Form DIR-3 for each Director

9. Digital Signature Certificate (DSC):

- Digital signatures for all Directors

10. Consent Letters:

- Consent to act as Directors in prescribed format

11. Affidavits:

- Affidavits from Directors stating their non-disqualification under the Companies Act, 2013

12. Common Seal:

- Common seal of the company (if applicable)

13. Form INC-9:

- Declaration by the first subscriber(s) and director(s) regarding non-acceptance of deposits

14. Board Resolution:

- Resolution by the Board of Directors authorizing the filing of incorporation documents

15. Utility Bills of Directors:

- Latest utility bills (electricity, water, gas) in the name of the Directors for address proof