PRIVATE LIMITED COMPANY
WHAT IS PRIVATE LIMITED COMPANY?
A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them.Shares of Private Limited Company cannot be publically traded. Alll the aspects of Private Limited Company is discussed in the article.
BENEFITS OF A PRIVATE LIMITED COMPANY
Limited Liability
Shareholder enjoys limited liability to the extent of capital invested. Shareholder’s personal assets protected in the event of the company’s insolvency.
Separate Legal Entity
A company is a legal entity and a juristic person established under the Act. A juristic person is a person who is not a natural person or human being.
Uninterrupted existence
This is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
Easy Share's transferability
The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership.
Owning Property
A company being a juristic person. No shareholder can make any claim upon the property of the company so long as the company is a going concern
Taxation
Every Pvt Ltd Company enjoys for recently announced start-up tax exemption, if meets eligibility criteria.
PROCEDURE TO REGISTER A PRIVATE LIMITED COMPANY
DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY REGISTRATION
- Share capital amount and proposed ratio for holding shares.
- A short description of the company and the business.
- Name of the city where the registered office of the company is located.
- Ownership and sale deed (In case your own premise).
- Identity proof of the Directors and Shareholders (PAN Card).
- Address proof of the registered office (Electricity bill, telephone bill, etc.)
- Address proof of the Director or the Shareholder (Voter ID, Passport, Driving license, etc.)
- A duplicate copy of the latest electricity bill, telephone bill, or mobile bill for directors.
- Occupation details of directors as well as shareholders.
- Email address of the directors and shareholders.
- Contact details of directors and shareholders.
- Passport size photo of directors and shareholders.
- In case the property is on rent then you need to submit a copy of the rent agreement with No Objection Certificate (NOC) from the landlord.
- Affidavits for non- acceptance.
- NOC for a change in the original subscribers of MOA.
- MoA and the AoA subscriber sheets.
- PAN Card of the company.
- In case you are a foreign national subscriber then you need to provide Nationality proof.
PRIVATE LIMITED COMPANY REGISTRATION PACKAGES
Basic Package
Private Company Registration
- Company Name Approval
- Certificate of Incorporation
- PAN & TAN
- DSC & DIN
- MOA & AOA
- PF Registration
- ESI Registration
- GST Registration
- Documentation Kit
- UDYAM/MSME Registration
- (2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
Standard Package
Private Company Registration
- Company Name Approval
- Certificate of Incorporation
- PAN & TAN
- DSC & DIN
- MOA & AOA
- PF Registration
- ESI Registration
- GST Registration
- Documentation Kit
- UDYAM/MSME Registration
- (2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
Premium Package
Private Company Registration
- Company Name Approval
- Certificate of Incorporation
- PAN & TAN
- DSC & DIN
- MOA & AOA
- PF Registration
- ESI Registration
- GST Registration
- Documentation Kit
- UDYAM/MSME Registration
- (2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
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