Convert Sole Proprietorship to Private Limited Company

Registering a company offers many benefits.

• Shields from personal liability and protects from other risks and losses.


• A registered company makes it genuine and increases the authenticity of your business.


• Attracts more customers


• Procures bank credits and good investment from reliable investors with ease.


• Offers liability protection to protect your company’s assets


• Greater capital contribution and greater stability


• Increases the potential to grow big and expand


• Shareholders have a right to appoint the directors to act on behalf of him.


• Unlike a sole proprietorship, even after the death of directors/ shareholders company will exist without any discrepancies.


• The shareholders and the directors will get complete immunity from being sued by the third party except personal issues.


• It attracts lower tax rates and subsidies under the Income Tax Act, 1961.


• The profit of the private limited company is subjected to the tax rate of 30% + surcharge & cesses as applicable.

In India, Private Limited company registration cannot be done without proper identity proof and address proof. Identity and address proof will be needed for all the directors and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the online company registration process acceptable.

Identity And Address Proof

• Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)


• Scanned copy of Voter’s ID/Passport/Driver’s License


• Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.


• Scanned passport-sized photograph specimen signature (blank document with signature [directors only])

For the foreign nationals, an apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.

Registered Office Proof

For online company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.

• Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill


• Scanned copy of Notarized rental agreement in English


• Scanned copy of No-objection certificate from the property owner


• Scanned copy of sale deed/property deed in English (in case of owned property)

E-Form spice 32

It is an incorporation e-form provided at the final stage of in corporation of a company. Here, all the mandatory details should be filled in this form and submitted along with the required documents.