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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

  • Separate legal existence
  • Management and Ownership Separation
  • It is flexible and has limited liability
  • Possibility to grow big and expand
  • Tax advantage compared to traditional partnerships
  • Easy Fund Raising
  • Attracts more customers
  • Easy Loan approvals

procedure

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Company Registration Works

1Selecting the Best Package for you

2Providing minimum information

3Submit the basic documents required

4Obtain DSC

5Signing of the documents

6Submitting the forms

7Incorporation is completed

documents required

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Company Registration Works

Copy of PAN Card of directors/shareholders

Copy of Aadhaar card

Copy of Rent agreement (If rented property)

Copy of Property papers (If owned property)

Passport size photograph of directors/Shareholders

Driving Licence/ Voter identity card of directors /Shareholders

Electricity / Water bill (Business place)

Landlord NOC ( Format will be provided)

faq

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Company Registration Works

For Private Company registration, the following requirements must be fulfilled:

 

1. Minimum 2 directors shall be appointed, out of which one must be a resident of India.

2. Minimum 2 shareholders are required for this registration. Here, an individual may become shareholder and director at the same time.

3. A place of business in India must be provided as a registered office address

4. The capital Contribution shall be in the same ratio of Partnership

While registration, minimum authorized capital of ?1 Lakh should be provided. The requirement of minimum paid-up capital is eliminated as a part of Governments initiative to simplify business registration in India. However, each shareholder must subscribe at least 1 share for the registration and amount sufficient to run a business should be introduced.
Any person above the age of 18 years can become a director in the company after procuring Director Identification Number (DIN). As there are no criteria provided in terms of citizenship or residency, a foreign national can also become a director. The application of DIN Allotment is now merged with the application for the formation of a company subject to a limit of maximum 3 DIN.
A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be held by the Private Limited Company at least once every year.
100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, and in such cases, approval must first be obtained from RBI prior to the investment.
There is no concept of a common seal in partnership. But a private limited company has a common seal which denotes the signature of the company and every company shall have its own common seal.
No Capital Gains tax or stamp duty shall be charged on transfer of property from Partnership firm to a Private Limited Company.
The accumulated loss and unabsorbed depreciation of Partnership firm are deemed to be loss/ depreciation of the successor company for the previous year in which conversion was effected. Thus, such a loss can be carried out for a further eight years in the hands of the successor company.

why companybanalo.com

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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.