Advantages of a Private Limited Company
Private Limited Registration LEGAL ENTITY
Private Limited Registration is a separate legal and juristic entity under Companies Act 2013 and hence can sue and be used in its own name. Hence this gives Director and its shareholder immunity from personal litigation in relation to company affairs to some extent.
Private Limited Registration EASY AVAILABILITY OF FUND
In Private Limited Registration there are different ways of raising funds for your company. The company can raise funds by issuing shares to third parties or issue debenture and can approach directly to the bank for availing debt funds. These facilities for raising capital is not available in any other entity except in Private Limited Company and public ltd Company.
EASY SHIFTING OF OWNERSHIP
In Private Limited Company real owners are the shareholders of the company and enjoy all rights and benefits conferred by the Companies Act. In this structure ownership of the company can easily convey from one person to another by just transferring shares of the company following enacted guidelines by companies act 2013.
SHAREHOLDERS LIMITED LIABILITY
In this entity, the most significant part is that the shareholders have their liability limited to the extent to an unpaid number of subscribed shares. Unlike proprietorship and partnership, the owner of the company has limited liability toward the debt of the company to the extent to their holding of shares.
Document for Directors.
- Self-Attested Copy of Pan Card of Directors
- Self-Attested Copy of Voter Id card /Aadhaar card
- Passport size photograph of directors
Document for Registered Office.
- Electricity /Water bill (Proposed registered office)
- Copy of rent agreement (If rented Property)
- Landlord NOC (Format will be provided)
- Copy of Property Papers (If owned Property)
Minimum Requirements for Private Limited Company
- Minimum 2 person
- Minimum 2 directors (Shareholder can be director)
- No minimum share capital required for starting Private Limited Company
- At least one Director should be an Indian Resident.
Obtain DSC and DIN
After submitting all requisite documents, we will apply and obtain DSC and DIN for you.
After obtaining DSC and DIN we will file name approval application with at least 3 names with MCA. Name approval generally comes in 3-4 working days.
Filing Registration Forms
After name approval, all registration forms will be filed with MCA on behalf of you along with application of PAN and TAN. Basically, MCA takes around 7-8 working days for approval and further issuance of Incorporation Certificate and Pan /Tan Certificate.