business registration services
Private Limited Company
Registration
A private limited company is the most successful business type in India. The business owners hold all shares of the company privately. Shareholders may operate the business themselves or engage directors to manage the company on their behalf.
An Overview
A private limited company is the most successful business type in India. The business owners hold all shares of the company privately. Shareholders may operate the business themselves or engage directors to manage the company on their behalf. Forming a private limited company results in protection of personal assets, access to more resources, financial assistance and greater tax cuts. Private limited company registration usually takes 15-20 days.
A private limited company is a blend of corporate form of business structure and partnership. The most attractive feature of a private limited company is the limited liability of its members. It has the flexibility of a partnership firm and the advantages of a company such as greater stability, better creditworthiness and separate legal entity. Private limited companies are an ideal way of starting and structuring startups with a higher scope of expansion as compared to partnerships as it is easy to raise capital from financial institutions due to its higher stability and reliability. A company gives your business a corporate identity, trust advantage, better financing capacity, and confidence which other corporate can counts on. It also gives limited liability and an opportunity to raise fund from the public.
Procedure
- Application for Digital signature
- Application for Director Identification Number (DIN)
- Application for Name Approval
- Drafting & Signing of MOA and AOA
- Filing of Required documents
- Issue of Certificate of incorporation, Pan Number
- TAN Card Application
- Bank A/c Opening
Benefits
- Corporate Identity and Prestige
- Helps in Projection of reliable and big image
- Easy to get fund from Members
- More numbers of Members are possible as compared to partnership
- Separate legal entity
- Better control: As the transfer of shares are not freely allowed
N Pro Advantages
- Pre incorporation advise whether a Pvt Limited is suitable for your business
- Advise on mandatory and unnecessary compliances to further reduce your cost of compliance
- Complete support and guidance for Pre to post incorporation compliances
- Privilege Support & Guidance by Email, N Pro Help desk & Face to face guidance on Skype
- Futuristic approach for drafting of AOA & MOA keeping in mind the requirement of future
- A professional drafting of MOA and AOA deed to ensure no complication in future
- End to End services from drafting the documents to post incorporation services
Document Required
Pan Card of Promoters
Aadhar card of Promoters
Registered Address Proof
Any Utility Bill / Electricity Bill / Mobile Bill
Six possible Names of Company
Private Limited Company Registration
Frequently Asked Questions
One lakh Rs is minimum capital to form Private Limited Company
No, Once company is formed and money is deposited in Private Limited Company, for share allotment, the money can be used for any business purpose and no need to maintain the balance in Bank Account.
To form a Private Limited Company at least two promoters, However you can form One Person Company, In case you want to form a company in which you hold all shares.
Private Limited Company will be most appropriate for startups who are looking to raise capital for their venture, as only in Pvt Ltd Company you can easily keep investors and management separately.To understand further this concept contact our experts.
Until you don’t receive Certificate of Incorporation (COI) You can not use the name to get into any business transactions, Any Pre- Incorporation agreement or work will be personal liability of promoters.