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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

  • Limited liability
  • Increased Brand recognition
  • Easy transfer of shares
  • Ability to raise shares through public issue

procedure

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Company Registration Works

1Collection of basic information & documents

2Collection of basic information & documents

3Alteration of MOA & AOA

4Online filing of forms

5Government processing time

6Application for conversion

7Application for conversion

documents required

Know more about how Private Limited
Company Registration Works

PAN Card

Identity Proof

Address Proof

Photograph

Business Address Proof

NOC from owner

Rent Agreement

Note

Incorporation documents

Financial Statements

Income Tax Return

faq

Know more about how Private Limited
Company Registration Works

The primary requirement to incorporate a public limited company is that it requires minimum 7 shareholders and 3 directors. There is no minimum Authorised Capital for Public Limited Company.

The suffix Private Limited will be replaced with Limited. For this change, the company has to seek permission from the shareholders and after that make the required changes in the MoA to get it amended.
Since the Public limited company deals with the publics money, it requires taking measures which increase the statutory compliance on its part. The regulatory liabilities are not restricted to the income tax but with ROC/MCA, SEBI, RBI, etc. It is important to take extra measures as the stakes are pretty high than any other company.
Once the name approval letter is received from the ROC, the MoA and AoA are required to be drafted. The name clause and capital clause are altered along with the removal of restriction to Private Company as provided by definition.
The company can start its business operations as a Public Company on receipt of the fresh Certificate of Incorporation from RoC.
Companybanalo.com can help you convert your Private limited into a Public Limited Company within 20-25 working days. The time taken for conversion will depend on the submission of relevant documents by the client and speed of Government Approvals. To ensure speedy conversion, one should ensure that all the required documents are submitted.
No. As the companys PAN details remain same, there is no need of new registration. However, application of modification must be made for name change in records. Companybanalo.com can help you apply for modification at an additional cost.

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.