What Is a Private Limited Company?
A Private Limited Company is a business registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. It has its own legal identity, separate from its owners. Shareholders are responsible only up to the money they put in, and the company continues even if owners or directors change. Most startups choose this structure because it is easier to raise funding.
Who Can Register a Pvt Ltd Company in Bhubaneswar?
- At least 2 directors (maximum 15)
- At least 2 shareholders (maximum 200). One person can be both a director and a shareholder.
- At least 1 director who is an Indian resident
- No minimum capital. The old minimum paid-up capital rule was removed in 2015.
Documents You Need for Private Limited Company Registration
For every director and shareholder:
PAN card (self-attested)
Aadhaar card (self-attested)
Address proof not older than 2 months (bank statement, electricity bill or mobile bill)
Passport-size photograph
For the registered office:
Latest utility bill (electricity, water or gas), not older than 2 months
Rent agreement and a No Objection Certificate (NOC) from the owner, if the place is rented
A residential address can be used as the registered office under MCA rules. Foreign nationals and NRIs need a notarised and apostilled passport copy.
Registration Step by Step Guide
Name approval (SPICe+ Part A):
You propose up to 2 names ending with “Private Limited”. Approval usually takes 2–3 working days, and the reserved name stays valid for 20 days.
DSC:
Class 3 DSCs are made for all directors and subscribers.
MOA & AOA drafting:
The MOA states what your company will do. The AOA sets the internal rules
SPICe+ Part B filing:
One combined form covers PAN, TAN, GST, EPFO, ESIC and professional tax registration, plus bank account opening.
MCA review:
The Central Registration Centre checks the application, usually in 3–7 working days. If anything is missing, you resubmit.
Certificate of Incorporation: You receive your COI, PAN, TAN and CIN (company number).
You receive your COI, PAN, TAN and CIN (company number).
Common Mistakes to Avoid
Choosing a name that is too generic or clashes with an existing trademark
Missing the INC-20A deadline, which can block your bank account and attract penalties
Thinking a Class 2 DSC is still valid
Not appointing the first auditor within 30 days
Choosing the 22% tax rate without checking if it really suits you
What Happens Right After Registration?
Getting the certificate is only the start. Three things must be done soon:
INC-20A (Commencement of Business): Must be filed within 180 days. It confirms that shareholders have paid for their shares. If missed, the company pays ₹50,000 and each director pays ₹1,000 per day (up to ₹1 lakh). The company also cannot start business or use its bank account until it is filed.
First auditor: Must be appointed within 30 days of incorporation and reported in Form ADT-1.
Statutory audit: Every Pvt Ltd must have its accounts audited from year one, even if turnover is zero.
SPICe+ Registration in Bhubaneswar
SPICe+ registration in Bhubaneswar simply means filing the MCA’s single online form for incorporation. It saves time because one form covers name approval, PAN, TAN, GST and other registrations that used to be filed separately. Your CA fills it in correctly, which helps avoid back-and-forth with the MCA.
Frequently Asked Questions
How many directors and shareholders are needed?
At least 2 directors and 2 shareholders. One person can be both.
What is SPICe+?
The MCA’s single online form for name approval and incorporation, linked to PAN, TAN, GST, EPFO and ESIC registrations.
How long does company registration take?
Usually 7–15 working days for a clean application with a name approved on the first attempt.
What documents are required for Pvt Ltd registration in Bhubaneswar?
PAN, Aadhaar, address proof and photo for every director and shareholder, plus office address proof and, if rented, a rent agreement and NOC.
What is the Pvt Ltd registration cost in Bhubaneswar?
It depends on authorised capital, number of directors, stamp duty and the CA’s fee. Share your details for a clear quote.
Is there a company registration package in Bhubaneswar?
Yes. It covers name approval, DSC, MOA/AOA, SPICe+ filing and a compliance calendar.