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Private Limited Company


Companies which have a minimum of two members and a maximum of fifty members and that offers limited liability or legal protection for its shareholders are called Private Limited Company.

A private limited company lies between a partnership and widely owned public company. A private limited company is identified by the company name, number of members, formation, directors, meetings, shares, etc.

A private limited company is a voluntary association of not less than two and not more than two hundred members, whose liability is limited i.e. the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. The Indian Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a private limited company.

 

Details & Documents Required For New Company Incorporation as below

Name of The Company (with the six option name)
Registered Address of the Company
Identity Proof of the directors (PAN or Passport)
Latest Passport Size Photographs of the Directors
Qualifications of directors
Main objective of company (nature of business)
Ratio of shares distributed amongst share holders
Address Proof of The Directors (i.e. Passport, Latest Electricity Bill, Telephone Bill, etc)
 
 
 

Advantages Of Private Limited Company

» Risk in the business minimizes due to limited liability If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.

» Tax burden reduces There are many allowances and tax- deductible costs that can be offset against the profits of a company and the tax would be paid after deducting many costs incurred by you.

» Continuity of existence People may join or leave the company, but the company is permanent. Whether or not you are there, your dream enterprise exists eternally, unless it is dissolved.

» Scope of expansion is higher Scope for expanding the business becomes high, as the authorized capital can be increased over Rs. 1,00,000/-

» Transfer of company is easy You can transfer the entire share holding to the intended people as an ongoing concern. These changes of ownership, saves the time and money and also stamp duty.

 
Full Name* Email ID* Mobile No (10 digit)* City* LET’S GET STARTED 5 SIMPLE STEPS to Start Private Limited Company in India 1 Arrange basic documents of Directors 2 PNRtradesolution will apply for DSC (Digital Signature) of Directors 3 PNRtradesolution will Prepare MOA, AOA & other Legal documents 4 PNRtradesolution will File SPICe (INC-32) or Incorporation Docs with ROC 5 Get your Company Incorporation Certificate
 
Please Call us on 09304495711 or 09102556100 to know more details like Advantage, Procedure, Documentation and Service Charges.
 
 
 

 

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