Private Limited Company Registration
A Private Ltd. may be a small business that's maintained privately, it's one among the highly recommended businesses in India especially for startups. The registration of the private limited company is governed by The Companies Act 2013 in India.
According to the businesses Act, 2013, a minimum of two shareholders is required to start a personal company, while a maximum of 200 members. In case a private limited company undergoes any financial risk, the personal assets of members or shareholders are not subject to sell, i.e. they ought to have limited liability.
There must be a minimum of two directors and a maximum of 15 directors are required for online company registration. The suggested director must be 18 or crossed 18 years of age. The proposed director of a personal Ltd. in India also can be a far off national
No minimum paid-up capital investment is required for the Private limited Company Registration in Chennai. And importantly every private limited company must include "Pvt.Ltd." after their company name
A Private limited Company Registration Online is a never-ending business as it can hold its existence even after the death or bankruptcy or failure of its Members.
This type of company does not have any relationship with the public is not allowed to ask for any validatory from the public or from any of the public sectors. People are not ennobled to transfer shares in a private limited company, as it protects takeovers of private limited companies from big companies.
Advantages of Private Limited Company
Min 2 Shareholders
A private Ltd. are often started off with just two members who are going to be the shareholders and directors.
Borrowing Capacity
Companies enjoy better avenues for borrowing funds when compared to other forms of business such as sole proprietorship and partnership.
Business Continuity
A company enjoys perpetual existence unlike other sorts of business i.e., the corporate continues to exist regardless of the status of the owner.
Minimum Capital required
The minimum capital required to incorporate a private limited company is one lakh.
Limited Liability
Personal assets of the shareholders won't be in danger , within the event of the corporate facing financial distress. Liability of the shareholder is restricted to the unpaid amount on his shareholding
Separate Legal entity
A company enjoys a separate legal identity, unlike partnership firms.
Documents required to register a Private Limited Company
PAN Card
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport.
Identity Proof
Aadhar card and Voter ID/ Passport/ driver's license of Shareholders and Directors.
Director’s Address Proof
Latest phone bill /Electricity Bill/ checking account Statement of Shareholders and Directors.
Photograph
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement
Rent Agreement of the registered office should be provided if any
Process for Private Limited Company Registration
Applying DIN&DSC
DSC and DIN for all directors are required.
Name Approval
4-6 proposed names should be as long as should be unique and implicational company business.
MOA,AOA&AFFIDAVIT
Memorandum and Articles of Association should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared
Company Registered
Once the application is duly filed and accepted by ROC, a certificate of incorporation is issued and the company is all set to start its operations.
Apply for PAN, TAN, and Bank accounts
Then you would like to use for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you'll submit the Incorporation certificate, MOA, AOA, and PAN with a bank to open your checking account .
Pvt ltd company registration in Ahmedabad, India Are you searching for Private Limited Company Registration in Ahmedabad, India?
Legal Adda is a leader in Online Pvt Ltd Company Registration in India.We provide Complete Combo for Private Limited Company Registration.
Which Includes CIN, PAN, TAN, DIN x2, DSC x2, MoA, AoA, PF-ESIC, MSME, MCA-INC20A Filing and GST Registration.
Get your Pvt Ltd Co. Ready in just 2 Days.
14000/- all inclusive; NO ADVANCE PAYMENT)Registration of private limited company is quickest and easiest way for formation (Incorporation) of company, as it does not required in physical document submission.
Maximum risk for shareholder is up to capital contributed via shares capital.
The characteristics of a private limited companyMembersIn order to start a company, a minimum of 2 members and a maximum of 200 members are require as per the provisions of the Companies Act, 2013.Limited Liability-The liability of each member or shareholders is limited.
This means that if a company incurs a loss under any circumstances, its shareholders are liable to sell their own assets for payment.
The personal, personal property of shareholders is not at risk.Permanent succession –Death, bankruptcy, bankruptcy of any of its members is also in the eyes of the company law.
This leads to a lasting legacy of the company.
The life of the company lasts forever.Index of Members –A private company is privileged over a public company as they are not required to keep an index of its members while a public company is require to maintain an index of its members.
