A Private Limited Company is the most popular type of business entity and has global recognition. In a private limited company minimum number of members is two and maximum number is two hundred. The maximum number of directors shall have to be mentioned in the Articles of Association. This type of business entity limits owner liability to their shares, limits the number of shareholders to 200, and restricts shareholders from publicly trading shares.
Private limited company
Advantages Of Private Limited Company
Separate Legal Entity:
A company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for such debts.
Limited Liability
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike partnerships and proprietorships, in a limited liability company the liability of the members is limited in respect of the company’s debts.
Borrowing Capacity:
A company can issue debentures, secured as well as unsecured and can also raise Bank Loans or funding from Venture Capitalists.
Perpetual Existence
In company law, perpetual successionis the continuation of a Company or other organization’s existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any director or member
Increased Trust and prestige
Any business entity that runs in the form of company always enjoys an increased trust and prestige.
Process for Private Limited Company Registration
What you do
You just need to fill our simple form regarding the basic details of business activities of the Company and also provide the KYC of all the Directors
What We do
Our Team will be preparing all the documents and shall file with ROC for incorporation of Private Limited Company.
What you get
After MCA Approvals you will receive the Company Certificate of Incorporation alongwith Company Kit.
Packages
Frequently Asked Questions
Will the package value will remain the same if I already have my DSC and DIN?
NO, If you already have your DSC and DIN, you will definitely get some relief on the above mentioned packages.
What is the minimum Capital requirement to start a Private Limited Company?
A Private Limited Company can be started with a minimum authorised capital of Rs. 1 lakh. There is no mandatory requirement for a minimum paid up capital.
Do I need to be physically present?
All the documents are filed in electronic form and there is no need of any physical presence.
What is the Stamp Duty payable for Company Incorporation?
Stamp Duty payable depends on the state in which you incorporate your Company and on the authorized share capital. But every company has to pay stamp duty on MOA and AOA.
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