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Private Limited Company

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What is a private limited company?

Private limited company is a perfect start for anyone who wants to start their business to give it a separate legal identity. Private limited company can be formed with ease and its procedural compliance are also easy when compared to that of a public company.


A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
how it work

What are the Features of Private Limited Company ?

Members

To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the companies act 2013.

Prospectus

The private companies need not issue prospectus or file statement in lieu of prospectus with the Registrar of Companies.

Market Analysis

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Deposits cannot be accepted

Company cannot appeal for money from the public .There are also some restrictions on the sale or transfer of its shares by the shareholders.

Fund Raising Capacity

It is the only form of business other than public limited company to raise fund from the Venture Capitalist or Angel investors. It cannot go to public like other big companies.

Protection Against Liabilities

if the company became insolvent the investment in the company would be lost but the shareholders would not be pursued for any shortfall to pay creditors unless they were proved to have acted recklessly.

Limited Liability

This is perhaps the most important feature of Private Limited Company. Imagine a scenario, where someone filed a claim against you more than your business assets. In such a case, your personal assets can also be bought and sold to pay the debt.

Number of Directors

As per the Act of 2013, a Private Limited Company needs to have at least 2 directors. Although they are not required to appoint any independent directors

Minimum subscription

Company receives the amount which is 90% of the shares issued within a certain period of time. In case the company if the company is not able to receive 90% of the amount then they cannot commence further business.



Facts

Our Advantages


Min 2 Shareholders

A private limited company can be started off with just two members who will be the shareholders and directors.

Borrowing Capacity

Companies enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.

Business Continuity

A company enjoys perpetual existence unlike other forms of business i.e.,the company continues to exist irrespective of the status of the owner.





Minimum Capital requied

Minimum capital required to incorporate a private limited company is one lakh.

Limited Liability

Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress. Liability of the shareholder is limited to the unpaid amount on his shareholdi

Separate Legal entity

A company enjoys separate legal identity unlike partnership firms.


What is the Documents required


What are the Documents required for Formation of Pvt. Ltd. Company Registration Online?

  • PAN card and Residence Proof of directors of the company
  • Copy of Rental Agreement / EB Card Copy of Registerd Office
  • Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • passport-size photograph
  • Specimen signature (blank document with signature [directors only])
  • copy of Passport (In case of Foreign Director)

What Includes in this package?

  • Verification of Documents
  • DSC and DIN for 2 Directors
  • Name approval and ROC feesl
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN



What is the Process

for Pvt Ltd Company Registration Online ?

Applying DIN&DSC

DSC and DIN for all directors are required.



Name Approval

4-6 proposed names should be provided that should be unique and suggestive of company business.


MOA,AOA & AFFIDAVIT

Memorandum and Articles of Assocication 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, certificate of incorporation is issued and the company is all set to start it’s operations.



Apply for PAN, TAN and Bank accounts

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

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+91 9057005567

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