Few process steps for Private Limited Company Registration:
Private Limited Company is most popular to start a business in India. Nowadays, 90% of today young generation entrepreneurs also prefer private limited company registration due to its various advantages.
A Private Limited Company is a separate legal entity having perpetual succession. Most Importantly, Private Limited can be formed with minimum 2 directors and maximum fifteen directors. However, it can have minimum two and maximum two hundred shareholders/Members.
Now a Private limited Company can be registered with ZERO Capital. Therefore, Register a Company today to get tax benefits.
A Private Limited Company must have at least two directors. The same two directors can also become shareholder of the company. However, maximum 200 people can become shareholders in the private limited company.
There is no minimum capital is required for Private Limited Company Registration. However, A Private Limited Company should have minimum authorized share capital of at least Rs. 1 lakh.
Among two directors, at least one director must be resident Indian for Private Limited Company Registration. Resident Indian means a person who have spent at least 182 days or more of a financial year in India.
The name of the private limited company should be unique and should not be similar to the any existing company name or trademark. Therefore, it is necessary to choose unique name.
Liability of members as shareholders are limited only up to shares held by them. They should not be liable for the debts of the company where company are unable to pay its liabilities. It means that if a company incur losses then its shareholders or members are not liable personally. Thus, members are not liable to sell their own assets to repay the liabilities of Company.
A Company is an artificial person created by law. Company are separate than its shareholders/ promoters. Company is considered as legal person which has the power to enter into any contracts, possess properties in its name. It is also called as artificial person since it is existing on in the contemplation of law. Company may also file a suit as an indigent person.
A Company never dies except it is wound up as per law. Company is considered Separate legal person and its existence will not be affected by the death of shareholders, directors or transfer of shares to others. A Company life is determined by the terms of it Memorandum of Association. Membership of a Company may keep changing from time to time, but that shall not affect its continuity.
Company can take legal action against another and also other person can take legal action against company separate from directors, shareholders & promoters. the company may bring an action against anyone in its own name. A company’s right to sue arises when some loss is caused to the company, i.e. to the property or the personality of the company.
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However, Private Limited Company Registration process involves legal obligation. And more importantly, can be processed with the help of professionals only. Company Registration in Delhi, Company Registration in Bangalore, Company Registration in Mumbai, Company Registration in Chennai.
Limited Liability Partnership
One Person Company
Service Providers, Professional Service Firms, Trading Business
Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public.
Limited Liability Protection
Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs
Subject to turnover of the firm
MCA has introduced new process for Company Registration. Spice+ is a single web form for private limited company registration.
Through Spice+ Form, we can register a Company in 10-12 Days.
There is no minimum Capital Contribution requirement. Hence, You can register a Private Limited Company with 10,000.
Yes, a NRIs and Foreign National can become Directors. However, They need to get a DIN from Ministry of Corporate Affairs (MCA). At least one Director on the Board of Directors should be an Indian Resident.
No, It is a fully online process. As all forms are filed electronically. You would need to send us scanned copies of all the required documents. You can register a company from your home.
eZeefiling can register a Private Limited Company in 15 days. For speedy approval, kindly choose a unique name as the proposed Company name and also keep all the required documents ready. In the meantime, We suggest you to ready with three to four names during approval stage.
These documents contain the rules in addition to vision and mission of your Company. And also define the roles and responsibilities of shareholders and directors.
Yes, In this case one can register a company at their address in India. One requires to submit the utility bill copy of the same with NOC for Private Limited Company Registration.
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