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what is private limited company

rivate Limited Company are registered form of business and it’s popular and in trend now. To start the Private limited company there are Minimum of 2 members and Directors are required. The members can invest in capital from a minimum of Rs. 1 per person and has no limit on the maximum capital which can be Contributed by the members of the Company. The day to day activities are taken care by the Directors of the Company and the major decision are to be taken by the Members or Shareholders of the Company. Starting a private limited companies have various advantages and if you are looking to start a new business venture or to expand the existing business then registration of Private limited Company by Companybanalo.com should be the best option. The start-upIndiainitiative also recommend the Company from of structure and have added tax advantage compared to Partnership Companies. It is easy to fetch investments in share of a Private limited company then compare dto any other unregistered organisations. The shares in the company help investors to get in the company easily and also quit at their convenience.

Benefits of Private Limited Company

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Company Registration Works

procedure

Know more about how Private Limited
Company Registration Works

1Registration of Pvt./ Public Limited Company

2Opening of bank account

3Deposit Minimum net owned fund

4Application to RBI

5Issue of certificate of business commencement

6Issue of certificate of business commencement

documents required

Know more about how Private Limited
Company Registration Works

Documents related to the administration and management of the company

Company Incorporation Certificate

The MoA and the AoA of the applicant company or firm

Documents describing the location of the company

Detailed information about Directors of the Company

Accounts of the company well-audited for last three consecutive years

Board Resolution in favour of NBFC formation

Bank Account with a minimum paid up equity share capital of INR-2 Crore

Other relevant documents on request

faq

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Company Registration Works

A minimum lending period should not be less than 24 months and Brower can make repayment without any penalty if loan amount more than Rs.15000. A eligible borrowers without any collateral or margin money is whom MFI give loan to. MFI has to offer at least 70% of total loan amount to borrowers for Income generation. Borrowers will have the choice to repay the loan amount on weekly or fortnight or monthly instalments

MFI may give loan for the personal purpose of the borrowers as well, but the aggregate amount of loans cannot exceed 30% of the total loan.
Loan processing fees cannot be more than 1% of the gross loan amount. Charges on loan insurance may be levied separately.
Processing charges by NBFC-MFIs shall not be more than 1% of gross loan amount. Processing charges need not be included in the margin cap. Further, NBFC-MFIs shall recover only the actual cost of insurance for group, or livestock, life, health.
Yes. Every NBFC & MFI need apply for CIBIL membership.
Maximum Variation in interest rate cannot exceed 4%.
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Company Registration Works

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been
the industry's standard dummy.