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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

  • Rebate on tax
  • Cheaper infrastructure
  • Quick approvals from state and central government bodies
  • Tender accessibility
  • Credit Guarantee scheme
  • Protection against delayed payment
  • Capital investment subsidies
  • Other Government support

procedure

Know more about how Private Limited
Company Registration Works

1selecting the service

2Providing Minimum information

3Submitted the basic documents required

4registration completed

documents required

Know more about how Private Limited
Company Registration Works

Copy of PAN Card

Copy of Aadhaar Card

bank statement

investment detail

faq

Know more about how Private Limited
Company Registration Works

Although, there is no compulsion to get MSME registration but is always advised to do so as it provides lots of benefits to the enterprises registered under MSME Act. It will save you from a lot of inconveniences later on. After assigning you the Provisional MSME Certificate and you can begin with your production and even apply for a Permanent Certificate which will add more advantages for you. Always apply for provisional registration at an initial stage of the business.

As said above, SSI/MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilise the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.
The validation of a PRC is for 5 years and if the unit is still not under operational then you may still re-apply for it. As soon as you start with your operations, you can easily apply for the Permanent License
Many state government prefers enterprises which are registered under MSMED Act. Subsidy such as on power, taxes, and much more is offered by state governments. In most of the states, sales tax exemption is provided purchase preferences is given on goods produced. The enterprise may also relish excise exemption scheme and exemption from certain direct taxes in the initial years of your business.
If you are currently running small-scale industries(SSI) in India then you need to get the registration of SSI to avoid future conflicts. There is no such term as SSI License. Once you will be done with your SSI Registration, then you will get an SSI certificate which would be valid for any small scale industry runner.
Yes, Aadhar card of the applicant is mandatory for udhyog aadhar registration. In case, the applicant is other than a proprietor, Aadhar card of companys director or LLPs partner is required.
With notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely into activities falling under such categories cannot make an application for registration.
CompanyBanalo can integrate the MSME/SSI Registration in 1 working Day. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure a speedy registration, ensure that you have all the required documents prior to the starting of the registration process

why companybanalo.com

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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.