A private limited company is the most trending entity in the new era because of its brilliant advantages of limited liability, separate legal entity, fundraising power, etc. A Pvt Ltd Company Registration under the company Act, 2013.Such companies must have the word “Private Limited” at the end of their name. It can be started with at least 2 persons, who shall be the members as well as directors of the company.
A Private Limited Company is the most trending entity in the new era because of its brilliant advantages of limited liability, separate legal entity, fundraising power, etc.
A private limited company is registered under the company Act, 2013. Such companies must have the word “Private Limited” at the end of their name. It can be started with at least 2 persons, who shall be the member as well as directors of the company. The Private Limited Company can raise funds easily from the market by issuing its shares privately to its members. The number of members can be up to 200.
The private limited company can be started with less capital as we are required in need of our business model. A private limited company can be sued and be sued by outsiders in its own name if any disputes arise. The directors of the company work in their trustworthy relation with the company. The private limited company is solely the owner of itself.
What Is The Process Of Private Limited Company Registration?
Private Limited Company Registration can be easily done with Vakilkaro with legal expertise. It is totally online process, which started with two (2) Natural persons. The Ministry of Corporate Affairs (MCA) has given the power to the Registrar of Companies (ROC) to issue the License of Private Limited Company, which takes 7 days estimated. VAKILKARO has the legal expertise in Registration, Legal Compliance, PAN card &TAN card of the company, ESI & EPF of Private Limited Company as well as like One Person Company.
BENEFITS
Private Limited company is the sole owner of itself. It can be sued by its own name. It has a separate legal entity in the eyes of law.
Private Limited company can raise funds easily by issuing its shares privately to its members.
A private limited can be registered itself under Startup India and can avail more government benefits and may attract investors in its business idea
Private Limited Company can easily be started with 2 two persons and it takes less than 7 days to get all the documents with PAN, TAN, GST, etc. under the new scheme.
PAN CARD of 2 persons is mandatorily required and in case of the foreign national valid passport also requires.
Any proof of identity like Adhaar Card/ voter id card/driving license of all 2 persons is mandatory required
The client has to be provided at least two Company names to apply for name approval.
All the 2 persons must have their photos, mobile numbers, valid emails, and latest bank statements (must not be older than 2 months).
The client has to provide Office Address proof like Rent Agreement/Property papers with the latest electricity bill.
*In case of NRI or Foreign National, documents of director (s) must be notarized.
The private limited company can be started with at least 2 members, who can become the directors of company as well.
The Company’s life is unlimited. it can-not die until it ended by the law. There is no renewal requirement of private limited company.
No, a government servant cannot run a private limited company on the post of director although he/she can become a member/shareholder.
As per the latest amendments in company law, there is no requirements of capital (earlier it was Rs. 1 lac) , now a company can be started with Rs. 10,000 or as per business needs.
The digital signature is a digital identity of signatures of person who desirous to register a company. Need of digital signatures is compulsory for registration of company while submitting documents online to MCA.
Yes, A proprietorship firm easily convert into private limited company by the legal provisions.
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