Conversion of Sole Proprietorship into a Private Company


*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

Services covered :
  • Name Reservation
  • Drafting MOA and AOA
  • Company Incorporation
  • DIN Application for 2 Directors
  • PAN and TAN Application
  • GST Registration
  • PT Registration for company incorporated in Maharashtra

Documents Required :
  • PAN Card copy of all directors (Identity Proof).
  • Copy of Aadhar card/ Voters ID (Address Proof).
  • Passport size photographs of Directors.
  • Proof of ownership of business place (if owned).
  • Rental agreement if rented.
  • No Objection Certificate (NOC) of Landlord.
  • Electricity or water bill.

FAQ ()

Question : How do I register a private limited company?
Answer : With the new concept of Spice+ a new company can be easily registered. All that is required are PAN card, Aadhaar card, address proof and bank statement copies of the directors along with address proof for the registered office address. A company can be started in about 10 – 15 days.
Question : What is limited liability protection?
Answer : Limited liability is the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a private limited company the liability of the shareholders in respect of the company’s liabilities is limited. In other words, the liability of the shareholders of a company is limited only to the value of shares taken up by them.
Question : What is authorised capital of the private limited company?
Answer : Authorized capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid up capital is the amount of shares issued by the company to shareholders. Authorised capital can be increased after incorporation at anytime to issue additional shares to the shareholders.
Question : What are the prerequisites to start a private limited company?
Answer : To register a private limited company, a minimum of two people are required to act as directors and shareholders. The directors must be natural persons, while the shareholders can be natural persons or corporate entities. In addition, a registered office address in India is also required for company registration.
Question : Can NRIs and foreign nationals or foreign entities register a company?
Answer : Yes, NRIs, foreign nationals and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to be a part of the company on the Board of Directors.
Question : Who can be a director in a company?
Answer : Any person over the age of 18 years can become a director in a company. Also, there are no conditions on residency or citizenship. Hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India.
Question : Is an address required in India for starting a company?
Answer : Yes, every company registered in India must have a registered office where all official communication is sent by the MCA, governmental agencies, financial institutions, etc., The registered office of a company can be in any state of India.
Question : What is Company Registration Certificate?
Answer : Once the filing of the documents is through, the ROC calls the attorney on a specific date for scrutiny and makes the necessary changes in the MOA and AOA filed. After this is done, the Certificate of Incorporation is granted to the company.
Question : What is the minimum capital needed to form a Private Limited Company?
Answer : You need to have a minimum capital of Rs. 100,000 to start a private limited company. You need not have this amount in hand or your bank account. You can show this amount as the pre-incorporation expense of the start-up. Also, you can show the capital infused in the assets.
Question : Can a Salaried person become the director of a company?
Answer : Yes, a salaried person can become the director of any type of company. You need to go through the employment rules if that allows you to do so
Question : Is it possible to register the company at the residential place?
Answer : It is only possible if you provide sufficient proof of it. This address would be where the company receives important information (if any) from the MCA or any other concerned authorities.
Question : Is physical presence required of the person/ owner for the incorporation of the company?
Answer : The whole process is online. So, a person needn’t go anywhere to register it. You are required to send in your documents via email and fill up our questionnaire to get it done.