Private Limited Company is one of the highly recommended ways to start business in India as it offers limited liability to its shareholders with certain restrictions on the ownership. In Private Limited Company registration, directors may or may not be different from shareholders. Minimum two shareholders and two directors are required to register a private limited company. A natural person (human being) can become the director as well as shareholder of the company whereas a corporate entity can only be a shareholder.
Lawgical India a leading Business Consultant, offering quick Company Registration Service in India with five simple steps:
After this, you can open a current bank account with the Certificate of Incorporation and begin your business operations.
Company, Directors and its Shareholders are considered as Separate Legal Person, thus shields from personal liability and protects from other risks and losses.
It is simple to add or remove Directors or Shareholders in the Private Limited Company. Cost of addition or removal is very nominal and hardly take a day to give effect.
Private Limited Companies have enjoy more tax benefits as compared to LLPs or Partnership Firms. Currently Tax@ 25% is applicable on NTI of Companies. Whereas 30% tax rate on LLPs and firms.
Banks, Financial Institutes, Creditors, Debtors, etc rely more on Private Limited in comparison to other business structures. Market Credibility of Pvt. Ltd. is quite high.
Since Bank, etc prefer to grant loans and advances to Private Limited Companies, thus, it automatically ensures Growth & Stability of the Business. Startup Businesses therefore prefers Pvt. Ltd.
Companies enjoys better avenues for borrowing of funds as It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc.
New Customers often attracts to stable and fast growing businesses. Thus, Private Limited comes into this picture. Customers rely more on this type of business structures.
A company has Perpetual Succession, i.e. uninterrupted existence until it is legally dissolved. A company is unaffected by the death or departure of any member but continues to be in existence.
Customers, Banks and other stakeholders can easily trust on Brands. Branding is crucial aspect of company because it is the visual voice of the company and it is easy for Private Limited Companies to emerge as a brand.
Private Limited Companies can be incorporated with a minimum paid-up capital of Rs 1 lakh.
No, Private Limited Company Incorporation is a fully online process as all the documents and e-forms are to be filed electronically on MCA Portal. You just need to send us scanned copies of all the required documents & forms. So, your physical presence is not required at all.
The DSC is an instrument which looks like a pen drive but it is nothing like a pen drive. It enables you to sign the documents like PDF electronically.
You can expect an annual expenditure of around Rs.25000 which involves 3 important aspects: Accounting & Auditing, Annual Compliance & Misc. Compliance expenditure.
MOA & AOA contains all the rules, vision and mission of your private limited company, and defines the exact roles and responsibilities of shareholders and directors.
Minimum two directors are needed for a private limited company. The maximum members/ shareholders can be 200.
1st we apply for DSCs of all the Directors & Subscribers. Digital Signatures are required for signing all the documents while incorporating your company.
Next we will apply for Director Identification Number (DIN). It is the unique number allotted by the MCA to each director of the Company.
Meanwhile applying for your DSCs, we help you in selecting Unique Name for your dream Company. This process completes on the same day.
After obtaining approval from MCA, it will issue Certificate of Incorporation, Permanent Account Number (PAN), TAN.
After complecting all the formalities and documents, we upload e-forms prepared in step-3 on the MCA poratal which takes approx 2 days for either approval or rejection.
On the 2nd day, after the approval of Company’s name, we prepare all the eforms and other documents. Some documents need to be signed by you physically.
HBLK Realtech Pvt. Ltd.
Excellent team for correct guidance and quick processing. Very genuine charges and convenient payment method. Best place for any Startup.
Vidhya Dron Gurukul Pvt. Ltd.
Lawgical India is boon for newcomers like me who do not know anything about Private Ltd. Whenever I stuck in something, their team is always ready to help.
We provide the fastest Online Company Registration Services in India. Thanks to our dedicated professional team who understands the importance of time.
We have n-number of teams of professionals assigned dedicated to your work only. We ensure Quality over Quantity.
We work on very nominal fees. We understands the worth of your hard earned penny. Thus committed to serve you the best and at the lowest prices.
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