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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

Know more about how Private Limited
Company Registration Works

  • Availability of loans and credit facilities
  • Flexible rates
  • Convenient
  • Prepares feasibility
  • Advices company on matters of Mergers and acquisition
  • Trading money market instruments

procedure

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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

documents required

Know more about how Private Limited
Company Registration Works

Company Incorporation Certificate

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

NBFCs shall apply to RBI for obtaining license to operate as NBFCs. But before applying for such license, following conditions must be satisfied.

The entire management thing is handed over to the Acquirer and the remaining consideration, if any, shall be paid off within 31 days of the public notice in the newspaper or as mutually agreed by all the parties. As a result of the takeover, all assets of the target company as presented in the balance sheet is liquidated, and liabilities paid off. Thats why Acquirer receives a clean bank balance in the Companys name calculated by net worth as on the date of the takeover.
The addition of paid up equity share capital and free reserves as per the latest balance sheet of the company and deducting the following items from it.
The Reserve Bank of India (RBI) controls the working of all NBFCs under the framework of RBI Act, 1934 and directions issued by it from time to time. Thus, NBFC carry out its operations, is required to obtain license from Reserve Bank of India to commence its business. There is minor difference between NBFCs and banks as NBFCs provide financial services similar to banks but they are more concentrated on unorganized sector of the society having low or no credit rating score.
There is minor difference between NBFCs and banks as NBFCs provide financial services similar to banks but they are more concentrated on unorganized sector of the society having low or no credit rating score.
Only those NBFCs which have been granted a license depicting their eligibility to accept deposits from the public shall proceed for the same. However, such deposits are not demand deposits.
NBFCs raise their funds from different sources such as financial institutions like banks, insurance companies, public deposits (only for NBFCs holding license to accept deposits from RBI), through issue of debentures, commercial papers and other inter-corporate loans. There is a gradual increase in the percentage of investment of the insurance companies in the NBFCs.
CompanyBanalo.com can integrate the NBFC Registration in ----days . 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.

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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.