Private Limited Company is the most preferred format of company registration by most of the entrepreneurs in India. Private Limited Companies are those types of companies where minimum number of members is two and maximum number is fifty. A private limited company has all the advantages of partnership. It has advantages of limited liability, greater stability and legal entity. Because of the flexibility in decision making, easy access to the banks for loans and approach towards investors to raise funds without much restrictions, made Private Limited Company a most successful business structure in India.
Private limited company can enjoy permanent succession, because the company is private legal entity. When a company is incorporated, it becomes a separate legal automatically. Employees and shareholders are just the agents of your company, so if they leave it doesn’t have any effects on your company or existent costumers.
The formation of a private limited company can suggest that the business has permanence and is committed to effective and responsible management. It gives both suppliers and customers a sense of confidence and many companies, particularly larger businesses, will not deal with an entity that’s not a limited company.
A Private Limited 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. Therefore a company form of organisation has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
It’s now very easy to start a limited company and it can all be done online. Long gone are the days of waiting weeks for Companies House to process the paperwork: now you can start a limited company in few days. What’s more, the cost of incorporating is an allowable expense against corporation tax.
Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares. Where it is proposed to sell the business as a going concern, all that is required is to transfer the entire shareholding to the purchaser and thus facilitate easy change in management and ownership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured, accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
A Private Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorised Capital Fee] during the registration of the Company. There is no requirement to show proof of capital invested during the registration process.
DIN Number is a one time formality. It has a life-time validity. There is no requirement to renew it.
We can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals
You can send us the soft copies of the documents, only hard copy we require from you is the DSC application. We would mail you the application, kindly sign the application, please don’t fill the form and courier it to our office address.
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
CIN number means Corporate Identification Number. It is like the identity number of the company. You can find it in the Certificate of incorporation of the company.
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature.
DIN stands for Director Identification Number, which is mandatory for a person becoming a Director of a company. Without getting DIN you cannot become a Director for your company.
To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors.
whitecollarlegal.com can incorporate a Private Limited Company in 14 to 20 days, subject to ROC processing time.
Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
Our experienced team of professional and help you in deciding and incorporating Private Limited, LLP, One Person Company, proprietary firm and other business entities. We advise on complete one roof services for business registrations.
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Indian companies and LLP are require do comply with various statutory provisions by filling return with MCA. Our teams helps for timely filling of compliance. Timely filling of returns avoid late filling penalty.