Private Limited Company Registration
Private Limited Company
Registration of Private Limited Company
The process of company registration in India is done through MCA portal, registration of the company can be completed within 10-15 business days. Taxlegit have a team of highly qualified company secretaries and chartered accountants, who ensure highest customer satisfaction and timely delivery of service. Entire process is managed online, with regular communication and assistance available throughout.
Advantages of Private Limited Company Registration
No Minimum Capital
As per the point of view of private limited company registration, there is no minimum capital required for incorporating a private limited company. As per company law 2013, you can start a private limited company with 0 paid-up capital.
Limited Liability
In the case of a Private Limited Company’s shareholders, they tend to have limited liability.
As a shareholder, you will be considered liable to pay the liability of the company, but only till the extent to limit of your contribution in the company.
Taxlegit experts can help you in better understanding the “Pvt Ltd company registration process in India”.
Fundraising
Private limited company registration process in itself it a process in which all the statutory compliances are being taken care off, leading to more credibility for fundraising/external borrowings/loans etc. ESOP’s/MSOP’s/PSOP’s are easy to issue in private limited company.
Allowance of FDI
In Private Limited Company, 100% Foreign Direct Investment is allowed that means any foreign entity or foreign person can directly invest in a Private Limited Company.
Perpetual Succession:
The private limited company, being a separate legal entity in the eyes of law, is known by its name. Thus, director/member cessation/death does not affect the Private Limited Company’s existence. Members may come and members will leave but the company goes forever.
Separate Legal Entity
A company is a “Separate Legal Entity” having its own identity distinct from its members. As a legal entity, a company can own a property in its own name, can sue and be sued in its own name and also enjoys perpetual succession, among others.
Easy Transfer of Shares
Shares of a private limited company are transferable by a
shareholder to any other person. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership.
Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares. Share transferability gives an added advantage for business to obtain private limited company registration in India.
Builds Strong Credibility
Whenever any private limited company registration is made, the data for all the company is easily accessible in public domain, which enhances the credibility of the company.
Document Required For Pvt Ltd Company Registration
PAN Card
PAN Card of directors/shareholders.
Director’s Proof of Address
Latest Electricity Bill/Telephone Bill/Bank Statement of directors.
Photograph
Passport size photograph of directors/shareholders.
Identity Proof
Valid Aadhaar/VoterID/Passport of directors/shareholder
Address Proof of the company
Rent Agreement/NOC of the registered office
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