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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

  • Limited Liability of Partners
  • Operational Flexibility
  • Separate Legal Existence
  • Less Compliance
  • Suitable For Small Business
  • No Owner/Manager Distinction
  • Separate Legal entity

procedure

Know more about how Private Limited
Company Registration Works

1Selecting the Best Package for you

2Submit the basic Documents required

3Obtain DSC

4Signing of the documents

5Submitting the forms

6Incorporation is Completed

7Drafting of LLP Deed and filing with ROC

8Providing Minimum information

documents required

Know more about how Private Limited
Company Registration Works

Copy of PAN Card of directors/shareholders

Passport size photograph of directors/Shareholders

Copy of Aadhaar Card

Driving Licence/ Voter identity card of directors/Shareholders

Copy of Rent agreement (If rented property)

Electricity/ Water bill (Business Place)

Copy of Property papers(If owned property)

Landlord NOC (Format will be provided)

faq

Know more about how Private Limited
Company Registration Works

The partnership is required to consist of the same partners that were present in the original Partnership and in the same proportion in which their capital accounts stood in the books of the Firm on the date of conversion. Therefore, the LLP cannot have more or less partners than the extant Partnership Firm, and any changes in the number of partners can be made only after conversion into the LLP.

Any individual/organization can become the partner of LLP including foreigners/NRIs.
The main advantage is that in an LLP, there are fewer formalities after the business has been incorporated. For example, you dont need not have auditor etc. unless your income crosses a certain limit. An LLP is preferable if you are offering professional services, like a lawyer or architect. A Pvt. Ltd. Company is preferred if you want to launch a scalable enterprise.
Yes, after acquiring DIN/DPIN an NRI or Foreign national can become a designated partner is LLP. However, at least one designated partner in the LLP must be a Resident of India.
The partnership is required to consist of the same partners that were present in the original Partnership and in the same proportion in which their capital accounts stood in the books of the Firm on the date of conversion. Therefore, the LLP cannot have more or less partners than the extant Partnership Firm, and any changes in the number of partners can be made only after conversion into the LLP.
LLP and general partnership are treated equivalently (except for recovery purpose) in the Act; the conversion from a general partnership firm to LLP will have no tax implication. This is true if the rights and obligation of the partners remain the same after conversion and if there is no transfer of any asset or liability after the conversion. If there is a violation of these conditions, the provision of capital gain will apply.
Generally, the basic purpose of conversion is for keeping the same name to maintain the brand identity in the market. To convert the LLP under the original name it is essential to attach any valid proof that corroborates the claim of use of the brand name by the firm.in such cases, MCA grants the approval on the basis of documents attached in the concerned form for name reservation.
companybanalo.com can incorporate a LLP in 15-20 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed LLP and make sure you have all the required documents before starting the registration process.

why companybanalo.com

Know more about how Private Limited
Company Registration Works

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PACKAGES

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

Silver

INR 5499/- Only

The Package include DSC for 1 Directors DIN for 1 Directors MOA + AOA Authorised capital upto 10Lakhs Certificate o

Gold

INR 7499/- Only

The Package include DSC for 2 Partners DIN for 2 Partners LLP Deed Capital upto 10Lakhs Certificate of Incorporatio

Platinum

INR 13999/- Only

The Package include DSC for 2 Partners DIN for 2 Partners LLP Deed Capital upto 10Lakhs Certificate of Incorporatio