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Private Limited Company

Private limited company is governed by Companies Act with minimum requirement of 2 directors and maximum 200, It is the feature of company that company is not just association of persons but it has separate legal entity. This is most popular form of business which benefits the entrepreneurs as having corporate identity and separate from its owners.

It is an artificial person in the eye of law. It Comprises most of the features of Public Company, Partnership firm and Limited Liability Partnership because of Corporate image it enjoys many benefits which other forms of business generally lacks e.g. Limited Liability, Personal Assets of shareholders are not seized, and existence of business does not depend upon life of owners, easy to raise funds though financial institution etc. but cannot accept deposits from the public. The company’s shareholders (the owners) can limit their personal liability and generally not responsible for company debts. In order to form a Company, a number of legal formalities have to be fulfilled e.g. It has to file Annual Reports to the ROC and get its accounts audited under companies act every year.

 

Features

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Separate legal Identity

 

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Perpetual Succession

 

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Able to raise significant capital

 

Limited liability for shareholders

 

Private Limited Company features, benefits of Private Limited Company , Indian Private -Limited Company , form a Private Limited Company , Private Limited Company registration, Private Limited Company registration services, Private Limited Company consultancy, Private Limited Company , Companies act 2013,Companies act 1956, business management, mostly accepted by people/government business services, most trusted business forms, reliable business form,

Well understood and accepted structure

 

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Easy to sell and pass on Ownership

 

Steps to Incorporate Private Limited Company

Private Limited Company

Digital Signature for the Directors required for company registration.

 

Private Limited Company

Check for Name Availability

 

Private Limited Company

Issuance of Name Approval Letter from ROC

 

Private Limited Company

Sign and file various documents including MOA & AOA with the Registrar of Companies electronically.

 

Private Limited Company

Apply for the PAN Number and open a current bank account

 

DIN (Director Identification Number) preparation.

 

Private Limited Company

Name approval on the MCA Portal according to MCA Guidelines.

 

Private Limited Company

Draft Memorandum of Association (MOA) & Article of Association (AOA) in approved name

 

Private Limited Company

Issued Certification of Incorporation

 

Private Limited Company

Other Licenses as required

 

Documents Required

Private Limited Company

Name of the Company- Provide at least three Names

 

Private Limited Company

Detailed Description about objective of Company

 

Private Limited Company

ID Proof of All Directors/ Promoters (Election Voter ID, PAN Card, Aadhar Card & Passport)

 

Private Limited Company

Address Proof of All Directors/ Promoters (BANK Statement, Telephone Bill, Electricity Bill etc.)

 

Private Limited Company

Two Photo of All Directors/ Promoters

 

Private Limited Company

Rent Agreement and NOC/ Sale Deed of Registered Office of the Company

 

Private Limited Company

Business Place ownership proof as latest utility bill (Electricity bill/Telephone bill)

 

 

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