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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

  • Simple to begin
  • Sharing of Responsibilities
  • Operating Flexibility
  • Pre-defined Object or Period
  • Various Financial Returns to the Partners
  • Inexpensive and facile
  • Minimum compliance
  • Proven Economical

procedure

Know more about how Private Limited
Company Registration Works

1Selecting the best package for you

2Providing Minimum information

3Submit the basic required documents

4Signing of partnership deed

5Application of pan

6Allotment of pan

documents required

Know more about how Private Limited
Company Registration Works

Copy of PAN Card of all Partners

Copy of Aadhaar Card of all Partners

Copy of Rent agreement (If rented property)

Copy of Property papers(If owned property)

Rubber Stamp in the name of partnership

Electricity/ Water bill (Business Place)

Landlord NOC (Format will be provided)

faq

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Company Registration Works

At least two partners are required for Partnership formation. The maximum partners can be 20. 

Any individual can become the partner in Partnership, however the individual must 18+ above in terms of age and should have a valid PAN card.
Formation of Partnership Firm does not require any minimum amount. It can be started with any amount of capital contribution by the partners. The Partners can contribute in any amount agreed and in any form being tangible (cash, premise) or intangible (goodwill, intellectual property). The Partners can introduce capital in any ratio, equal or uneven.
Only a registered partnership firm can claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party. Hence, it is advisable for partnership firms to get it registered sooner or later. Also, only a registered partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act. An unregistered Partnership Firm can get registered at any point of time after its establishment.
The registration of Partnership Firm in India can take 12 to 14 working days. However, the issuance of Registration Certificate can take place as per the regulations of the concerned state. The time period for registration of Partnership Firm is subject to Government processing time and that varies for every State
Partnership firms do not need to prepare audited statements for each year. However depending on the turnover and a few other criteria, a tax audit statement might be necessary.
Yes, you as a salaried person can become a partner. You need to check your employment agreement if that allows for such provisions.
CompanyBanalo can integrate a Unregistered Partnerhip in 15-25 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.

why companybanalo.com

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Company Registration Works

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10+ years of
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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 2999/-all inclusive Only

The Package include Drafting of Partnership Deed PAN Stamp papers

Gold

INR 3999 Only

The Package include Drafting of Partnership Deed PAN Stamp papers GST MSME

Platinum

INR 9999 Only

The Package include Drafting of Partnership Deed PAN Stamp papers GST MSME Trademark